Gazprom is reaping the fruits of victory

132

The humble charm of gas bonds


The placement of the next portion of Gazprom's securities on the Euronext Dublin stock exchange did not bring any particular sensations. It is not surprising that $ 1 billion bonds with a yield of 3,5 percent per annum were bought out in full and immediately.

Nor is it surprising that the bonds are being redeemed even if the dividend payments on Gazprom shares are significantly reduced. Even before July 13, you can have time to buy Gazprom's preferred shares in order to receive 12 rubles 55 kopecks from each in August. With a 13 percent tax, of course.



Recall that last summer, according to the results of the dock 2019, each gas share accounted for 15,24 rubles of dividends, and two years ago - 16,61 rubles altogether. As we can see, it is now 21,4 percent in the red and 32,4 percent in two.

Gazprom is reaping the fruits of victory
Until recently, dividends on Gazprom shares were growing realistically

In other scenarios, this could have been considered almost a disaster, but the placement of bonds shows that Gazprom's creditors, unlike shareholders, are absolutely calm. And there are good reasons for this.

Gazprom securities, no matter how much hype they raise, no matter how they try to force the corporation's management to go for a solid increase in coupon or interest payments, remain thus a highly liquid and reliable asset.

Not worse than American securities of various kinds of federal loans or insurance and pension funds. The last ones, we will remind you again, because of stories with Freddie Mac and Fannie Mae, conservative investors are scared like plague.

Double-entry bookkeeping


However, in the press service of "Gazprom", and after it in the leading business publications, shamelessly underestimated dividends have managed to present the general public as something like a "golden rain". Judge for yourself:

Gazprom raised the dividend payment threshold ahead of schedule. Thus, according to the dividend policy approved at the end of 2019, Gazprom was going to come to a dividend payment rate of at least 50% of the adjusted net profit in 2022. ”

In practice, it was decided to overcome the 50% bar already in 2021. But what is the achievement here? If we compare the purely physical size of the dividends of 2019 and 2020 with the current ones, then it is simply impossible to understand. Profit has dropped, and for some reason Gazprom's debts are not getting any smaller.

Advanced analysts are now not without pleasure calculating the dividend yield to the current price of securities on the Moscow Exchange, which corresponds to the current Gazprom dividends. And it seems to be already 5,4%.

Compared to bond yields of 3,5%, not bad at all. Market players will immediately say that on a margin of 1,9 percent in relation to this 3,5%, the so-called "local" yield will exceed as much as 50 percent. But such calculations are only suitable for players, and not for ordinary holders of securities - conservative investors.

But let not only ordinary readers excuse us, but also these advanced stockists, however, against the background of 6,5 percent annual inflation, which no one disputes, the estimated 5,4% is no longer profit, but real losses.


Actually, why be surprised? Our gas aces know how to splurge. So, only the most naive of those who still remain without gas in Russia did not have time to understand what actually means “free delivery of blue fuel to every home”?

Well, the continuing decline in the income of Gazprom shareholders is explained, you know, by what. Well, of course, the delay in the implementation of the Nord Stream 2 project. But the real surprise of the next debt combination of "Gazprom" should be considered not at all the drop in income of shareholders.

Assets in liabilities


The only surprise in the sale of a not at all scanty volume of Gazprom bonds was the fact that institutional investors from the USA and Great Britain were very close to continental European ones in terms of their activity in buying gas bonds.

Denis Shulakov, vice president of Gazprombank, who was the organizer of the auction, noted that investors from the old continent submitted 29% of the total volume of applications of $ 2,8 billion. The USA and Great Britain accounted for 28% of the demand, while Russia only 21%.

The very sum of demand, almost three times higher than the supply, allows the gas concern to place at least one more issue of the same kind, freeing its hands in financing projects that will follow Nord Stream 2.

This alignment reminds not only that Gazprom, even under sanctions, is not an outcast at all, but also about something else - in our opinion, the most important thing.

Business rarely pays attention to political squabbles, unless, of course, they are of a specific nature, like the same sanctions. Much more often, exactly according to Marx, it is the economy, which today is almost 100% just business, that dictates politics. Well, sanctions are nothing more than a legalized instrument of, in their essence, illegal competition.

Let's make a reservation - supposedly legalized, that is, legal for the same USA, but not for those against whom the sanctions are directed.

Foreign observers, who regularly and often on business criticize the Russian gas concern, like to repeat that it is in debt like in silk. Meanwhile, in terms of debt burden, Gazprom is far behind most of the world's companies with comparable indicators of capitalization, turnover, profits or losses.

Gazprom's debts, unlike the American national debt, are quite comparable to its profits - they can take off the entire load from the Gazprom cash desk in just a couple of years. Analysts from auditing companies who regularly monitor Gazprom have calculated that by the end of 2021, the company's net debt will be only two and a half times its profit before interest and taxes. That is, the so-called indicator with not the most euphonious abbreviation EBITDA.

But this does not at all prevent someone from earning on Gazprom's dividends. Even in a pandemic, and it seems to be no worse than on the securities of rapidly growing companies in the IT sector or online trading.


The Gazprom shareholders will have to make sure of this already in early August, when the concern will settle accounts with them for the past 2020. But how to make money on dividends when the management of the gas concern easily changes the rules of the financial game with its own shareholders, it will hardly be possible to understand even in August.

Well, after all, capitalists did not invent so-called preference shares for fun, which in the first place deprives shareholders of their voting rights at meetings. At the same time, such shareholders are generally guaranteed to receive dividends. But ... solely depending on the size of the profit, which is calculated by who? That's right - top or top management of the company.
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  1. +10
    July 12 2021
    Even before July 13, you can have time to buy Gazprom's preferred shares in order to receive 12 rubles 55 kopecks from each in August. With a 13 percent tax, of course.

    Yes, now everyone will buy Gazprom shares, not a carrot for 100 rubles a kilogram or metal profiles that have become a luxury.
    1. +13
      July 12 2021
      Don't gamble with crooks.
      - And there are no others!
      - Well, don't play with anyone!
      But how to make money on dividends, when the management easily changes the rules of the financial game with its own shareholders, it will hardly be possible to understand even in August.
      1. +3
        July 12 2021
        Yes, you can play if you want to lose everything ...
    2. +8
      July 12 2021
      Quote: Civil
      Yes, now everyone will buy Gazprom shares, not a carrot for 100 rubles a kilogram or metal profiles that have become a luxury
      , lumber, chipboard, vegetable oil ...........
      And everything is stable in Gazprom.
      1. +6
        July 12 2021
        Gazprom is reaping the fruits of victory
        crooks divides the people's good .. glory ep!
        1. +26
          July 12 2021
          Why only "ER", glory to everyone, they are all smeared with the same world
          .
          1. -2
            July 12 2021
            Quote: SERGE ANT
            Why only "ER", glory to everyone, they are all smeared with the same world
            .

            They nailed Dimona with bruises and went to smile. Mironov's fists are already swollen laughing
        2. -13
          July 12 2021
          crooks divides the people's good .. glory ep!

          You are cool.
          Went to buy shares, did not steal, did not even release, just bought and immediately became a crook?
          1. +9
            July 12 2021
            The question is not what I bought, but what I bought, after all, not for my own hard-earned money, but for not paying extra to some hard worker))))
            1. -11
              July 12 2021
              after all, not for their hard-earned money, but for not paying some kind of hard worker

              Yah? I've bought it. Maybe my money was not paid to you?
              Under the USSR, I also think I would get more of you, what would you say then?
              You know about this there is a good anecdote story about a Jewish boy. Tell?
              1. +8
                July 12 2021
                In the Soviet Union, everyone was respected according to his ability to everyone according to his work, and now the more he stole, the cooler.
                1. -1
                  July 15 2021
                  That is why philologists went to waiters, and engineers to furniture loaders.
                  1. 0
                    July 15 2021
                    Exactly dear, that today it is all the loot that decides and not the talent
              2. nnm
                -3
                July 12 2021
                Let me remind you of another anecdote - about what is needed so that there are no poor, and not what is necessary to eradicate the rich.
                And who would have received more under the USSR, we will never know, so there is no point in competing in this. But be that as it may, such a stratification of society in terms of income, of course, did not exist then.
                1. -5
                  July 12 2021
                  Quote: nnm
                  of course, there was no such stratification of society in terms of income.

                  It was, but it was not advertised, but now it is an image, well, and not in such an impudent quantity, of course.
          2. +5
            July 12 2021
            Quote: bk316
            Went to buy shares, did not steal, did not even release, just bought and immediately became a crook?

            Crooks sells, while the jug is bursting with dough. But the powers that be keep it mainly in the securities and currencies of those countries who are now buying Gazprom bonds. Those. they buy Gazprom for our own money.
            A personal question - what do you think, can it be considered a sham of a person who, for money, or out of stupidity, justifies the policy of selling the country and destroying the people? The one who tries to put in a good light even the most vile actions that infringe on and worsen the life of both the current population and future generations?
            1. -5
              July 12 2021
              A personal question - what do you think, can it be considered a sham of a person who, for money, or out of stupidity, justifies the policy of selling the country and destroying the people?

              If for the money - of course you can.
              If by stupidity of course - no.
              Counterquestion.
              Can a person be considered a scum who, for money or through stupidity, fundamentally does not see and does not want to see anything good in the country over the past 50 years and is trying with all his might to destroy the state?
              1. +8
                July 12 2021
                Quote: bk316
                basically does not see and does not want to see anything good in the country over the past 50 years
                How did you attribute the achievements of the USSR to the merits of your government? belay
                And he doesn't see anything good about it, you're in vain. There are certainly good things, but everything is learned in comparison. In your opinion, can it be considered good if you find 100 rubles, and a thousand is stolen from you? wink Is there reason to be happy?
                And there is no need to associate the corrupt state with the country - it is it that destroys the country and the people.
                Listen to you, you whitewash the authorities, whether it is pension or garbage reform, the import of radioactive waste, the import of palm oil, the export of resources (gas, oil, metals and timber), the contribution of money from the sale not to your own economy, but to someone else's, " optimization of "medicine and education, failure of space programs, degradation of science, sports, culture, sale of controlling stakes in the country's largest enterprises - God's dew is all to you."
                Does the word conscience mean anything to you?
                1. -8
                  July 12 2021
                  How did you attribute the achievements of the USSR to the merits of your government?

                  And why did you decide that I attributed something? Are you talking about 50 years? So I am sure that for the last 15 years of its existence, the union has been dying - movement by energy at best, in the field of ideology and social life - dying.

                  There are certainly good things, but everything is learned by comparison.

                  Wonderful. So write for a change. Now I can easily send a dozen of my own comments, where I criticize the authorities, and you can send at least one where you praise.

                  Listen to you, you whitewash all the vyseurs of the authorities, be it the pension or garbage reform, the import of radioactive waste, import of palm oil, export of resources (gas, oil, metals and timber), the contribution of money from the sale not to your economybut in someone else's, the "optimization" of medicine and education, the failure of space programs, the degradation of science, sports, culture, the sale of controlling stakes in the country's largest enterprises - you are all God's dew.

                  Please quote my comments on the highlighted topics. If I explain my position, if you don't, YOU ARE A LIAR. I'm waiting.

                  And for the rest of the positions, such as the export of resources, why don't you blame the Bolsheviks for this, they were doing this from the first day, Hitler had already signed the barbarossa plan, and the trains with the forest kept going.

                  Well, on science and education, you better shut up, I have repeatedly explained to people who are far from science and education like you, what exactly have done with education in recent years, why IT IS WRONG what this will lead to and how everything can be improved. You probably missed all this, because instead of analyzing and forecasting, you are doing cheap hype on the go.
                  1. +3
                    July 12 2021
                    So I'm sure that the last 15 years of its existence, the union was dying -

                    1991-15 = 1976. From that moment, at least until 82-84, this is not death in any way, this is the peak of the country's development. Either young or sclerosis.
                    1. +1
                      July 12 2021
                      Quote: mister-red
                      Either young or sclerosis.

                      Or for bobos.
                  2. +6
                    July 12 2021
                    Quote: bk316
                    YOU A LIAR

                    You know, this is not the first time we have argued with you, and every time you are on the side of the current government. Going into your profile, and analyzing your comments, anyone will come to the conclusion that you are a very technical lawyer of the authorities. You constantly oppose people who accuse the authorities. It's easy to check.
                    1. 0
                      July 13 2021
                      You know, this is not the first time we have argued with you, and every time you are on the side of the current government.

                      I'm waiting for quotes on palm oil and capital export.
                      Or send a quote or apologize.
                      Or you are a LIAR.
                      The number of my pros and cons of power is a separate topic, I am ready to discuss it, but not with a liar.
                      1. 0
                        July 13 2021
                        Quote: bk316
                        The number of my pros and cons of power is a separate topic, I am ready to discuss it, but not with a liar.

                        Regardless of my attitude, I have to oppose with scoundrels who encourage the destruction of the country almost every day. Doing it for money or out of stupidity.
                      2. 0
                        July 13 2021
                        almost every day is forced

                        I don’t understand at all, who is forcing you?
                        Still waiting for quotes or apologies.
                      3. +1
                        July 13 2021
                        For what? For listing all the abominations that the government you are defending is doing? And there were two or three items on this list that you did not argue about?
                        Don't you think that for the rest of the points you should ask everyone you meet for forgiveness? For thanks to such guardians as you, we now have a catastrophe in all spheres.
                      4. +1
                        July 13 2021
                        For what?

                        For the fact that they attributed to me the words that I did not write.
                        Moreover, it is on these issues that I disagree with the authorities ..
                        That is, to put it simply, you slandered me.
                        Not in my attitude to the authorities (I did not even discuss this with you and am ready to discuss it, but after you admit that you attributed something to me that does not correspond to reality), but to the specific words of which I did not speak.

                        And I repeat, not for Putin or Stalin, I am for the truth. It is you who are engaged in propaganda here, and I am finding out the truth. Generally speaking, arguing with a propagandist is a thankless task, but even in such a dispute you cannot lie, and you lied and attributed words to me that I did not say. And not only about palm oil, and the export of capital (I just did not write about them at all), but also about the reform of education, about manned space, about science.

                        Understand what our differences are, you hate everything that the authorities do because you do not like it. And I'm trying to figure out specific issues. In matters that I do not understand - I am silent, in which I am well versed, I express my opinion as it should, in which I understand but not so well, I discuss. And whether I like power or not like it does not in any way affect what I write.
                      5. +1
                        July 13 2021
                        Quote: bk316
                        And I'm trying to figure out specific issues

                        All the questions that you are supposedly trying to figure out lead to other, more important questions for the patriot of your country - who is to blame and what to do.
                        For me, the answers are obvious, and it's not about propaganda. I judge by the general trend. And it is such that under the current government the population is dying out, industry is degrading, resources are being exported. This is a vivid example of colonial policy according to the Ost plan.
                      6. +1
                        July 13 2021
                        The last one again.
                        You attributed words to me that I did not write.
                        You lied. Either by accident and then apologize if not a coward, or deliberately and then you are a LIAR
                      7. -1
                        July 16 2021
                        under the current government, the population is dying out, industry is degrading, resources are being exported.

                        I wonder how it was under the previous government or forgotten. Russia slurps in full on what the previous government did in the 90s
                2. +1
                  July 12 2021
                  Quote: Ingvar 72
                  Listen to you, you whitewash all the vyseurs of the authorities, whether it is pension or garbage reform, the import of radioactive waste, the import of palm oil, the export of resources (gas, oil, metals and timber), the contribution of money from the sale not to your own economy, but to someone else's,

                  Dear Igor, all this must be considered, emotions will not go far
                  1. +1
                    July 12 2021
                    Quote: saturn.mmm
                    you can't go far on emotions

                    I agree. But unfortunately, only emotions remain when you know how to compare facts, and pluses with minuses. And you don't see a legal solution. hi
                  2. +1
                    July 13 2021
                    Dear Igor, all this must be considered, emotions will not go far

                    You get the gist.

                    I’m not for Stalin, I’m not for Putin or Gaidarka, I’m FOR THE TRUTH.
                    And Igor in 99% of cases is against Putin, sometimes on the case sometimes not. That’s when I’m not arguing about the case, but when I’m silent about the matter. So it turns out that I am in a dispute with Igor 100% for Putin.
                    Therefore, if you want to calculate the real percentage, you must consider what percentage I generally argue with him. This will be approximately my percentage of agreement with the authorities.

                    And I also think that it is necessary to argue to clarify the truth and not to promote their views.

                    And finally, about conscience, if conscience makes you lie, it is not conscience, maybe envy can be greed, maybe stupidity, but not conscience.
              2. +2
                July 12 2021
                Stocks are actually the same pyramid, like everything else on the "stock exchanges". It is the exchanges that trade in "air" that are the main evil, spinning the inflation flywheel and inflating various kinds of "financial" and "economic" bubbles.
                1. 0
                  July 12 2021
                  Quote: Snail N9
                  Stocks are actually the same pyramid, like everything else on the "stock exchanges". It is the exchanges that trade in "air" that are the main evil, spinning the inflation flywheel and inflating various kinds of "financial" and "economic" bubbles.

                  Exchanges do not trade stocks, people trade stocks, the exchange provides a platform for trading, receiving a percentage for this.
              3. +8
                July 12 2021
                I see the collapse of mechanical engineering, aircraft construction, education ... and further down the list
    3. +4
      July 12 2021
      it's time for Gazprom to collect stones)
    4. +2
      July 12 2021
      Well, about the metal profile and sheet, I'll tell you what. I paid 55kilorbles for a pipe and metal for a fence with a gate 21 meters long. The height of the fence is 1,8 m. He worked himself without a contractor and without pretentiousness. Just a fence with a gate and a wicket. I think this is still a bearable price. But the gas workers are something .. They came to do something. This is to lubricate the taps, check the draft. Last year this pleasure cost 1,3 thousand, now it is 2,5. Glory to the national estate! They will survive any losses of the office.
      1. 0
        July 18 2021
        Quote: 210ox
        But the gas workers are something .. They came to do something. This is to lubricate the taps, check the draft. Last year this pleasure cost 1,3 thousand, now it is 2,5. Glory to the national estate! They will survive any losses of the office.

        Sorry for the question, are the gas workers from Gazprom or from the local gas office after all?
        1. 0
          July 19 2021
          Structural division of Gazprom. Previously, they were a separate organization, Mezhregiongaz.
          1. 0
            July 19 2021
            As far as I understand, the services were cheaper before. Personally, my opinion is that a large company has nothing to do with your routine.
            Our country is small, there is no gas production. There is a large office, half owned by Gazprom, it is engaged in transit, import and supply of gas. To connect to gas, a private trader can contact small offices that are licensed. The supplier checks and replaces the meters free of charge. As far as I remember, the crane has been standing for 40 years, no one demanded its replacement, lubrication, etc. Doesn't let gas pass and is enough
            I don’t know how in private houses yet, I’m just building. In an apartment for 30 years, I never paid for anything as planned. Once, only when repairing the kitchen, I changed the location of the tap, I had to do a project and pay for the work.
            Connecting gas to a private house costs about 350 euros, but it's dreary and long, you have to run around with documents, do a project, etc. Having paid the same amount to an independent office, everything will be done on a turnkey basis. For us, this is a little expensive, of course.
  2. +12
    July 12 2021
    Well, yes, I am so worried about the shareholders of Gazprom, I do not sleep at night)
    1. +25
      July 12 2021
      Dear, beloved shareholders
      I beg you, take early action
      By enrolling me in it
      To your magic JSC
      And although the offer is quite unexpected
      Hopefully view it positively
      After all, this is our common gas
      And dreams come true only with you
      1. -11
        July 12 2021
        By enrolling me in it
        To your magic JSC

        Slepakov rhymes well, of course, but no one enrolls in OAO.
        Just buy shares and become a shareholder and get the fame of a crook laughing
        She's such envy - her eyes are obscured.
        Although what is there to be jealous of if anyone can buy Gazprom shares?
        1. +8
          July 12 2021
          Yeah, especially a pensioner who retired 15 thousand, he will definitely buy either a postal worker or a kindergarten teacher.
      2. +9
        July 12 2021
        Quote: SERGE ant
        After all, this is our common gas
        And dreams come true only with you

        The topic is fully disclosed:

        ==========
        It should be noted that almost 50% of dividends go abroad. "Narodnoe patrimony" works for those who impose sanctions on Russia and deprive it of the opportunity to use advanced technologies ... negative
        1. -4
          July 12 2021
          Quote: ROSS 42
          It should be noted that almost 50% of dividends go abroad. "Narodnoe patrimony" works for those who impose sanctions on Russia and deprive it of the opportunity to use advanced technologies

          Any citizen of Russia can submit an application to the Investigative Committee, the Prosecutor's Office, the Court about a crime known to you.
          1. +6
            July 12 2021
            Better to write directly to the sport lotto. laughing
            1. The comment was deleted.
          2. +5
            July 13 2021
            Quote: saturn.mmm
            Any citizen of Russia can submit an application to the Investigative Committee, the Prosecutor's Office, the Court about a crime known to you

            In the town of Bor, Nizhny Novgorod Region, an orphanage was built in a swamp, in violation of all norms. As a result, cracks in the walls, mold and water in the basement. People got the attention of the authorities only after the letter to Bastrykin. The question is - why should I apply to all instances for the banal observance of rights?
            PS The deputy head of the administration was found guilty, and a fine of 30.000 rubles was imposed. No one was removed from office, and no one even promises new apartments for orphans.
            1. 0
              July 13 2021
              Quote: Ingvar 72
              People got the attention of the authorities only after the letter to Bastrykin.

              Do you have deputies from United Russia? Democracy is the power of the people, that is, when a lot of people drew up and signed a collective letter and addressed it to the deputy of their constituency, if the deputy is zero, then why do you elect him. But in this story, Putin has a very distant relationship.
              In Russia, many people hate liberalism, and it is a philosophical and socio-political trend that proclaims the inviolability of human rights and personal freedoms.
              1. 0
                July 14 2021
                Quote: saturn.mmm
                if the deputy is zero then why do you elect him

                The rigging of the election results by the ruling party has already become a proverb.
        2. 0
          July 18 2021
          Quote: ROSS 42
          It should be noted that almost 50% of dividends go abroad. "Narodnoe patrimony" works for those who impose sanctions on Russia and deprive it of the opportunity to use advanced technologies ..

          It is important that taxes go to the country. Well, excuse me for dividends, they go to shareholders.
    2. +6
      July 12 2021
      Quote: From Tomsk
      Well, yes, I am so worried about the shareholders of Gazprom, I do not sleep at night)

      Well, how can you not worry? When a Dior bag for 2,5 lemma was stolen from the notorious Gazprom cleaning lady from Mitsu Out, half of the country was worried that the poor woman would have nothing to eat, since there were bank cards and an advance payment of 15 tons in cash in the bag. Yes
  3. -2
    July 12 2021
    what does "free blue fuel delivery to every home" really mean?
    and what does it mean?
    1. +6
      July 12 2021
      It means that when you enter the blue fuel into the house, you will also pay for free delivery to the house at an unalloyed tariff for entering / connecting the house. wassat
      1. -6
        July 12 2021
        eeeeee ?!
        once again and clearly
        either connect for free, or at a tariff
        1. +8
          July 12 2021
          Quote: Vasilenko Vladimir
          either connect for free, or at a tariff

          There are subtleties. The pipe will be brought to the border of the site free of charge, but the cost of laying will be included in the cost of registration.
          I bet that the cost of design documentation will increase at least twice.
          1. -6
            July 12 2021
            Quote: Ingvar 72
            about the cost of laying will be included in the cost of registration

            excuse me in the design of what?
            Quote: Ingvar 72
            I bet that the cost of design documentation will increase at least twice.

            do not argue, most likely you will lose
            1. +5
              July 12 2021
              Quote: Vasilenko Vladimir
              excuse me in the design of what?

              Have you come across the design of gas equipment? belay
              Quote: Vasilenko Vladimir
              do not argue, most likely you will lose

              I'm ready to take a chance. Do you want to bet?
              1. -5
                July 12 2021
                Quote: Ingvar 72
                I'm ready to take a chance. Do you want to bet?

                let's try, in a year I should connect I can say for sure
                1. +3
                  July 12 2021
                  The price of the question and what time point will we determine for the starting price? I propose six months before the announcement of Putin's free line to the border of the site. Let's say the price of the cost of supplying gas to the house from the border of the site a year ago. And estimate by the total connection costs, excluding materials, i.e. cost of work, project and other paper costs.
                  1. -3
                    July 12 2021
                    we can last autumn, friends in the region spent
                    1. +2
                      July 12 2021
                      Okay, I propose to continue in a personal.
                2. -1
                  July 12 2021
                  funny people on the forum comes across, purely sports interest, cons for what?
  4. +3
    July 12 2021
    - But this does not at all prevent someone from earning on Gazprom's dividends.
    Obviously not the Russian Federation and its population. A. First of all, "pipelayers".
    And Europe seems to be betraying its "green principles".
  5. +5
    July 12 2021
    National treasure)
    1. +16
      July 12 2021
      Two psychiatrists are talking:
      - Imagine, I found a simple and indicative test for the extreme degree of idiocy.
      - Which one?
      - I ask patients if you believe that Gazprom is a national treasure. You will not believe whatever [censored], then you believe in it.
  6. +2
    July 12 2021
    What is this military overlooked by this article here? Gazpromovskiy KAZ? What kind of cue is all this printed here? There are other specialized resources for this.
    1. +2
      July 12 2021
      Quote: Klingon
      What kind of cue is all this printed here? For

      So now there will be 20 times more comments than in discussions about new armored personnel carriers or UAVs ...
  7. -1
    July 12 2021
    Am I exactly on VO?
  8. +6
    July 12 2021
    I wonder how much and from what money taxes are paid to the budget, and are they paid at all? If the company's net debt is only two and a half times its profit before interest and taxes
  9. -1
    July 12 2021
    It's not so much about the number of rubles, but what is the profitability as a percentage per share. If the share costs 1000 rubles. and the yield on it is 10 rubles, with inflation even at 5%, this is about nothing, a continuous loss.
    1. -3
      July 12 2021
      Quote: Ros 56
      It's not so much about the number of rubles, but what is the profitability as a percentage per share. If the share costs 1000 rubles. and the yield on it is 10 rubles, with inflation even at 5%, this is about nothing, a continuous loss.

      You forget to take into account the market value of Gazprom shares:

      2021 from 212.83 to 296.6 RUB
      2020 from 153.79 to 259 RUB
      2019 from 149.49 to 270.74 RUB
      2018 from 135.56 to 172.11 RUB
      2017 from 116 to 157.95 RUB
      2016 from 125.1 to 168.47 RUB
      2015 from 131.5 to 162.4 RUB
      2014 from 117.87 to 149.39 RUB
      2013 from 109.1 to 156.97 RUB
      2012 from 138.67 to 209.17 RUB
      2011 from 149.9 to 242.98 RUB
      2010 from 148.25 to 195.35 RUB

      Their exchange rate difference of 50-60 rubles for one year (at a minimum) who received, except for the owners of the shares? What kind of inflation are we talking about if their growth provided a yield of almost 25%?
      Strange, here at least one "analyst" studied Marxism within the framework of a Soviet university, or was it only Leni Golubkov who studied?
      1. -5
        July 12 2021
        Strange, here at least one "analyst" studied Marxism within the framework of a Soviet university,

        What are you speaking about?
        Here physics and mathematics at the size of a high school cause difficulties, but here is economics. laughing
        And I also noticed a general disgust for the works of the classics among the supporters of the communist path of development. belay
        1. -6
          July 12 2021
          Quote: bk316
          And I also noticed a general disgust for the works of the classics among the supporters of the communist path of development.

          I am also amazed - some of the writers here do not have the slightest idea about political economy, but they will be foaming at the mouth to argue who and how much earns, having no idea how joint-stock companies function, and that the growth of the share price is precisely a guarantee of stability in the long-term investments. That is why Gazprom shares go like hot cakes on a market day - this is not the speculative growth of some American Enrons, but easily reimbursed cash deposits, because it is a backbone state corporation, worse than the defense industry and Roscosmos combined.
          1. -5
            July 12 2021
            I am also amazed - some of the writers here do not have the slightest idea about political economy,

            And I have not been amazed for a long time. I was drunk on political economy already in graduate school. Why it was math is another question. But since there was a subject, I honestly read everything in the original.
            А absolute the majority either did not pass at all or on the spurs (reported to the exam, dropped it on the lecturer and threw it out of my head). But now all the ehsperds. laughing
      2. 0
        July 12 2021
        The exchange rate difference can be negative. negative
        1. 0
          July 12 2021
          And you can earn the same on it.
          1. -3
            July 12 2021
            Apparently you can, but we are all professionals working with stocks. What are you talking about? Someone once managed to take Gazprom shares for vouchers, then they sold, who bought a car, who bought an apartment and .... that's it.
        2. -5
          July 12 2021
          Quote: Ros 56
          The exchange rate difference can be negative.

          Of course it can - the shares of Enron or Ran Am weren't worth the paper they were printed on when the company went bankrupt.
          But they should not be confused with the shares of state-owned Gazprom, which for decades have shown a steady rise in the exchange rate, regardless of all gas wars.
  10. +7
    July 12 2021
    Who is the last one behind Gazprom shares?
    1. -1
      July 12 2021
      Is there a lot of money in your pocket? lol
    2. +7
      July 12 2021
      1. Go to your Sberbank-online.
      2. Open a brokerage account there.
      3. Buy Gazprom shares for 296 rubles as much as your heart desires.

      You can do it in 5 minutes.
      1. -1
        July 12 2021
        Quote: Raven-95
        Go to your Sberbank-online. Open a brokerage account there.

        How much will it cost to maintain a brokerage account?
  11. +4
    July 12 2021
    The 6.5% inflation in rubles was veiledly compared with the 5.4% yield in dollars and it was concluded that Gazprom, as always, is making a fool of everyone. Nunu, meanwhile, fools foreigners take Eurobonds like hot cakes
    1. +2
      July 12 2021
      Eurobonds yield 3.5%. 5.4% is the current dividend yield. In rubles.
    2. +3
      July 12 2021
      Quote: Rubi0
      6.5% inflation in rubles

      Where did you see 6,5%? belay When I come to the store, I see much more.
      1. -6
        July 12 2021
        When I come to the store, I see much more.

        Perhaps I will not discuss economic issues with you anymore A person who determines inflation by prices in a store, either simply does not know what one of the basic economic concepts (inflation) means, or thinks more abruptly than modern ML systems - they still do not know how to determine inflation at prices in a store. laughing
        1. 0
          July 13 2021
          Quote: bk316
          Perhaps I will not discuss economic issues with you anymore The person who determines inflation at the prices in the store

          How would the definition:
          -Inflation (from lat. Inflatio "swelling") - an increase in the general level of prices for goods and services for a long time [1]. With inflation for the same amount of money, after some time it will be possible to buy fewer goods and services than before [2] [3]. In this case, they say that over the past time the purchasing power of money has decreased, money has depreciated - it has lost part of its real value [
          Knowing the arithmetic of the third class, you can calculate inflation in a particular store for a certain period of time without ML systems.
          1. 0
            July 14 2021
            increase general level of cen for goods and services for a long time

            There is no general price level in one or two or three stores.
            Therefore, the concept of inflation in a particular store does not exist.
            But how to calculate inflation for several stores is exactly the task for ML laughing
  12. +1
    July 12 2021
    Gazprom ends the year with a billion dollar loss. recourse So don't expect dividends, guys. crying There is nothing to be done - the fall in world prices for energy sheets ... request
    1. -5
      July 12 2021
      falling world prices for energy sheets ...

      In the sense of falling? Have you looked at prices for a long time?
      1. +1
        July 12 2021
        I keep an eye on it all the time. Natural gas prices dropped during the lockdown.
        1. -5
          July 12 2021
          Natural gas prices dropped during the lockdown.

          What price? Gazprom does not work on the spot, the prices in the contracts are either fixed or the oil price is taken as the base one. And oil has been in an uptrend since April 20. The last 8 months have just been rushing up.
          1. +3
            July 12 2021
            Yes, the price started to rise after it dropped to $ 25. Compare with prices in 2019, when oil fluctuated from $ 60 to $ 70.
            1. -4
              July 12 2021
              You wrote about this year. In the last 9 months, oil has climbed from 45 to 75. So your comment is good for LAST year, but not this one.
              1. +1
                July 12 2021
                I wrote about the results for 2020 because there is an article about dividends for 2020.
          2. -2
            July 12 2021
            Gazprom does not work on the spot, the prices in the contracts are either fixed or the price of oil is taken as the base one.

            Now Gazprom has a complex formula for gas; at the request of European friends, the formula includes incl. the cost of gas at hubs in Europe. Well, now Gazprom add. he sells gas volumes on the spot market, which is what they are talking about now, which doesn’t put up extra. volumes and prices are kept high.
    2. -2
      July 12 2021
      There is nothing to be done - the fall in world prices for energy sheets ...

      Fall, you say? At least take a look at the TV window to see what prices are there and how they fell in half a year.
      1. +1
        July 12 2021
        We are talking about Gazprom's financial results for 2020, find the data on hydrocarbon prices for 2020 and you yourself will understand why Gazprom went into the red.
        1. -2
          July 12 2021
          We're talking about Gazprom's financial results for 2020

          There are no questions about 2020, gas was sold there below the cost price.
    3. 0
      July 14 2021
      Quote: grassyknollgunner
      Gazprom ends the year with a billion dollar loss.

      Where does this information come from?
      1. 0
        July 14 2021
        Financial statements.
  13. +3
    July 12 2021
    Well, the shares were sold out again. So the boomazes were replaced by money. Dividends are paid out of net income. This means that from the profit to its distribution, the profit tax is charged to the Russian budget. Well, inflation is tracked by the market quotation of a share ... So the shareholders are happy and the Russian budget is replenished ...
    1. 0
      July 14 2021
      Quote: Alexander X
      So the boomazes were replaced by money.

      Money today is the same bumazey, only of a different color. Unsecured toys in the hands of financial fraudsters.
  14. +4
    July 12 2021
    I don’t know where the authors found the preferred shares of Gazprom.


    For those who are not quite in the subject: common and preferred shares are different positions. They have different prices, they provide different opportunities, and in essence they are two completely different tools.
    Preferred shares may not be issued at all (for example, Magnit), may not be traded on the stock exchange (VTB preferred shares), and vice versa, may be traded, while ordinary shares are not (Transneft).
    Another example: the same dividends are paid on preferred and common shares of Bashneft, and the price of common shares is about 10% higher.


    The point is that only ordinary shares of Gazprom are traded on the Moscow Exchange.
  15. +2
    July 12 2021
    Gazprom is reaping the fruits of victory

    Winners ...

    In June 2008, Miller announced that Gazprom would become the world's largest company over $ 1 trillion. Cost (billion):

    June 2008
    Gazprom - $ 322
    Microsoft - $ 263
    Google - $ 170
    Apple - $ 155
    Amazon - $ 33

    June 2021
    Apple - $ 2102
    Microsoft - $ 1914
    Google - $ 1652
    Amazon - $ 1613
    Gazprom - $ 89
    1. nnm
      -1
      July 12 2021
      Well, I would not directly compare industrial companies and companies in the tertiary sector. Nominally, yes, that's right. But the experience of the same Nasdaq bubble, of US investment banks (more recently), at one time showed what the tertiary sector is really worth. Conventionally, at the time of the global crisis, what will happen to the same Amazon? And the same Gazprom, which owns 40% of the gas market in Europe alone, is worth 89bn? Well, it's not even serious. Plus, do not forget that Gazprom has a much larger capitalization due to the fact that a lot of assets "sit", for example, on GPB, and not on Gazprom, etc.
      But it's better to talk about how Gazprom and the state-owned companies "pay" dividends to the budget, yes, I have been planning it for a long time, but to my shame I never got around to it ....
      1. +1
        July 12 2021
        Quote: nnm
        Conventionally, at the time of the global crisis, what will happen to the same Amazon?

        And what if, at the time of the global crisis, Europe refuses (unlikely, but still) from Russian gas? It will be seen there, but for now the situation is deplorable (not for Miller).
        And few comparisons of Gazprom will be in its favor. Except of course salaries for management.
        1. nnm
          -2
          July 12 2021
          Far from it. Once again - ok, we were forbidden to export. What will Europe replace the supply of 40% of gas? And some European countries, as much as 100% of Russian supplies? What will happen to prices and how will this affect the competitiveness of Europe (especially given that we will then start driving gas and oil to Asia for pennies, just to sell), the number of jobs and the election results? What do you think?
          I am not saying that this will not hit Russia. And how! But we have a mutual dependence with Europe, which is only increasing.
          1. -1
            July 12 2021
            Quote: nnm
            What will Europe replace the supply of 40% of gas? And some European countries, as much as 100% of Russian supplies?

            Judging by the latest news, Europe is ready to start a nuclear war with us. What is 40% of gas supplies to it?
            1. -4
              July 13 2021
              what is Europe ?? Baltic jackals?
    2. -2
      July 12 2021
      Bravo. Very clear !!!!
    3. +4
      July 12 2021
      It is more correct to compare Gazprom's market capitalization with other oil giants. Although it is lower for Gazprom than for Western companies, it is, in principle, comparable. And in terms of profitability, Gazprom is generally the record holder.
      1. 0
        July 12 2021
        Quote: grassyknollgunner
        It is more correct to compare Gazprom's market capitalization with other oil giants.

        Gazprom (with Rosneft) is our most profitable company. Therefore, it makes sense to compare it with other profitable companies, because nothing more competitive RF is not able to expose for comparison. Who is to blame that our economy cannot boast of other major spheres of activity besides the sale of mineral resources? Rosatom still back and forth, that's all. Computer technologies, network trade, the space industry - this is not very good for us. So Gazprom has to take the rap.
    4. 0
      July 12 2021
      If it were not for the political component, not for sanctions and not for the budgetary burden, the goal could have been achieved.
  16. +1
    July 12 2021
    "EBITDA" this Gazprom!
  17. +5
    July 12 2021
    Gazprom is reaping

    Gazprom always has something to reap, that's how it was arranged. And why shouldn't he reap something, in one mug? This is not the Emirates and not Norway crumpled to pay the population something. Here, with a profit, every city can be disfigured with high-rise "corn", not only St. Petersburg.
    Let me explain: I do not need anything from Gazprom, I am not asking for anything, including news and gas.
    1. -4
      July 12 2021
      Quote: Galleon
      This is not the Emirates or Norway crumpled to pay the population something.

      Instead of sarcasm, you would first compare the production per capita and the structure of the GDP of the countries mentioned. Then they would have told the readers - it’s more clearly.
  18. +1
    July 12 2021
    Well, what will I be happy about Gazprom? I have no shares, what can I do:?!
  19. +2
    July 12 2021
    Again, these authors write a lot of letters, but it makes no sense. The article is full of contradictions. The yield is close to zero, but Gazprom is a valuable asset. Why is the US national debt mentioned here? Comparing Gazprom bonds and Treasuries for something. They also remembered the fanimei.

    Along the way, such associate professors have brought our economy to its current state.
    1. +2
      July 12 2021
      Yes, these authors with a serious air "analyzed" the fake material of the satirical resource, which makes pseudo-analytical articles, about the economic policy of the PRC authorities. About twenty visitors pointed out to them that it was not serious. So they didn't even apologize to VO users.
  20. +3
    July 12 2021
    Poor shareholders of Gazprom! How they suffered!
    It is proposed, as I understand it, to pity them, and to condemn Gazprom. Only now there is no visible mass sale of shares. Falls too.
  21. +5
    July 12 2021
    By definition, there are no preferred shares in Gazprom. Read the Charter. So, it seems that he painted everything in detail, but simply did not look into the PJSC Charter. Maybe the rest of the same lies.
  22. +2
    July 13 2021
    Do people know that 49% of Gazprom's shares belong to no one knows who? It is assumed that overseas "partners". Well, it is, by the way. To put it mildly, ownership of Gazprom looks very opaque. Therefore, decisions can be made like this ...
  23. 0
    July 13 2021
    It's time to nationalize all the oligarchs to the wall and the bowels of RUSSIA
  24. 0
    July 16 2021
    I'm wildly sorry, but can someone explain to me how to insert quotes?
    1. 0
      July 19 2021
      There is an Insert Quote button in the comment at the top. You press, [quote] [/ quote] appears in the comment. in the middle, insert what you want to quote.
      1. -1
        July 19 2021
        Thanks for the reply.
  25. 0
    July 19 2021
    you can have time to buy Gazprom's preferred shares

    Since when did Gazprom have preferred shares? Generally a strange article. The author tries to get into economics, but does not really understand the campaign. If we hit the stock exchange, then maybe we will take into account the rise in the share price? And if you look this way, not only Gazprom's dividends fell this year.
    And comparing the demand for bonds with dividends is generally strange. Maybe this will be a discovery for the author, but these are two different papers. Dividends may not be paid on shares at all. And on bonds, coupons are paid stable (if you do not look, of course, those that are tied to different rates). And it often happens that dividends are reduced in order to close loans.
    Well, at the end of the article, there is again an emphasis on privileged shares. The only problem is that only ordinary shares of Gazprom are traded, which have the right to vote. There are no prefs. What are we talking about?
  26. 0
    July 19 2021

    How am I worried about the poor thing for him ... there are all kinds of actions ...
  27. +1
    July 19 2021

    And it's not bad to know ...

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