Urals Energy PLC Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.5549519 http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5549519&action=detail Fri, 06 Nov 2009 09:23:00 GMT Escovido tag:iii.co.uk,2003:tst.5548559 Anything positive? By gamblerwithstockes ]]> http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5548559&action=detail Fri, 06 Nov 2009 07:07:00 GMT gamblerwithstockes tag:iii.co.uk,2003:tst.5548019 http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5548019&action=detail Thu, 05 Nov 2009 21:27:00 GMT Speculative_Investor tag:iii.co.uk,2003:tst.5547706 http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5547706&action=detail Thu, 05 Nov 2009 20:02:00 GMT yuyus tag:iii.co.uk,2003:tst.5543119
UEN LN: SELL, target price: GBP0

Event: Yesterday (4 Nov), Urals Energy (UEN) announced the appointment of Alexei Maximov as its CEO, replacing interim CEO Leonid Dyachenko. Dyachenko will remain on the board and continue in his role as executive chairman. Maximov, 50, is one of the founding shareholders of the group that became UEN, and has served as an advisor to Dyachenko. UEN also said yesterday that it is continuing to work on its long-term strategy and intends to operate the remaining assets after the completion of an assets disposal to Sberbank, which is expected in the coming weeks. Importantly, it also announced for the first time that Ashmore's put option will be terminated for a nil consideration on completion of the Sberbank transaction.

Action: Trading in UEN shares was suspended on 30 June 2009, pending the publication of 2008 annual accounts. If these are not published by 31 Dec 2009, the company will be delisted. UEN said yesterday it is examining whether the accounts could be published and trading in its shares on AIM could be resumed ahead of completion of the Sberbank transaction.

Rationale: Our previously stated investment thesis on UEN was based on the view that there will be no material value left for shareholders after the completion of the Sberbank deal, assuming Ashmore's put option is alive (click here to view Urals Energy - Ashmore put option to be terminated dated 14 Jan 2009). However, a termination of the put for nil consideration could prove a very material positive catalyst for UEN, allowing it to retain control of both Arcticneft and Petrosakh, valued at about GBP0.22/share assuming zero remaining debt. Given Maximov's statement yesterday that the company intends to "restructure its other existing obligations", the remaining debt level could be clearly material, although impossible to evaluate now given the lack of accounts. It is therefore only after the release of UEN's 2008 financial results that we could properly adjust our fair value estimate for the company.



Alexander Burgansky
Telephone: +7 495 258 7904


By Neftanik ]]> http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5543119&action=detail Thu, 05 Nov 2009 06:49:00 GMT Neftanik tag:iii.co.uk,2003:tst.5541989 http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5541989&action=detail Wed, 04 Nov 2009 19:29:00 GMT Speculative_Investor tag:iii.co.uk,2003:tst.5541536
This is very good news when it is confirmed of course.

We have seen many false dawns with this company and most people don't come here anymore.

It was quite a good board at times. Although it did have its moments. I think all those investors who got in very low (my memory fails me how low it went but I think sub 5p) could make a tidy return (potentially).

I only have a few shares in this company and I invested on the basis that Sberbank would not want them to go under.

It is the debt that killed many companies but if UEN survive then I think that is good news. I expect it will fall when relisted unless there are some fantastic announcements due to people just wanting their hands on some money.

I'll hold and wait and see what happens. I may even re-invest if they will still be an oil producer.

I'm much better researched on my investments now.
I have bought into Matra awaiting drilling results and have a tidy (paper) profit from GKP.

But could I ask you for an indulgence please Neftinik regarding Timan Oil & Gas. They too like Urals are suspended and there is no way of contacting the new owners and they have no NOMAD.
Could you find me an email address or telephone number please?

Many thanks By Elena Saratov ]]> http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5541536&action=detail Wed, 04 Nov 2009 17:31:00 GMT Elena Saratov tag:iii.co.uk,2003:tst.5541302 I heard recently that Rencap has valued Urals at 22 pence once the dust settles. It's a far cry from what most shareholders paid for their stock but better than the alternative. Originally there was talk of them selling the remaining assets and winding up the company but that is at odds with their hiring of the new CEO. I think they will attempt some other deals to try to salvage some additional value, and in any event there isn't much point in selling at 9 pence, so my plan is to wait it out. They just did a sale of 45k tonnes out of Murmansk so they will have some cash. By Neftanik ]]> http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5541302&action=detail Wed, 04 Nov 2009 16:30:00 GMT Neftanik tag:iii.co.uk,2003:tst.5541229
"ON a crisp fall day recently, the 80 students in an accounting class at the Harvard Business School listened intently as Mary Barth, an assistant professor, described how bonds are classified on a company's balance sheet. The students nodded their understanding. Except for one, Alexei Maximov, who frowned and whispered a question in heavily accented English to his neighbor. He was completely lost.

With his faded blue jeans, scruffy loafers and harried, somewhat frantic expression, Mr. Maximov looks like any other first-year student at the school.

What sets Mr. Maximov apart is that he is one of four Soviet students in the class of 1992, the first Soviet group to pursue M.B.A.'s at Harvard and perhaps at any American business school. And aside from having problems with English, Mr. Maximov and his countrymen are struggling, like the Soviet Union itself is, to learn how to talk business in what amounts to a cram course in capitalism.

For Mr. Maximov, at least, the process already seems to be paying off. "Step by step, I feel as though I'm getting somewhere," said the 31-year-old student, who back home is a research associate at the Soviet Institute of Foreign Economic Relations.

The experimental Harvard program comes at a time of great change and confusion in the Soviet Union as the Kremlin gropes for ways to shift to a market economy and to find a new generation of managers to run its enterprises.

At home, students can now pursue M.B.A.'s for the first time at the Russian-American University, an independent school that opened this fall in classrooms at Moscow State University.

The program here is an outgrowth of a joint research project involving Paul R. Lawrence, a professor of organizational behavior at the business school, and the Soviet Institute of Foreign Economic Relations. Professor Lawrence traveled extensively through the Soviet Union to gather material for his book "Behind the Factory Walls."

When officials at the institute suggested that the business school admit Soviet students, Professor Lawrence helped to win backing for the idea. The business school "tends to be on the cutting edge," he said. "When the political situation changed, it became a natural for us." The program is jointly financed by the Soviet Government and Harvard.

THE first class of Soviet students was selected from a pool of approximately 100 applicants. The four men who made the grade passed a comprehensive English exam and then faced a battery of interviews with Harvard alumni; executives of Zyl, a Soviet truck manufacturer that had been studied by Professor Lawrence; staff from the foreign relations institute, and the business school's director of admissions, Laura Fisher.

The Soviet hopefuls also had to complete the business school's exhaustive 10-page application form.

In the Soviet Union, educational applications only request basic information like date and place of birth. By contrast, the Harvard Business School asks applicants to describe which character traits they wish to change or improve and to analyze an "ethical dilemma" they have experienced first-hand.

One of the four successful applicants, Alexei Kolesnikov, a 27-year-old senior analyst at the U.S.S.R. Chamber of Commerce and Industry, spent two months sweating over his papers. His early drafts contained short, factual answers touting his qualifications. After reading the questions and his replies countless times, Mr. Kolesnikov finally decided Harvard wanted to him to think, not just regurgitate facts. His final draft was calculated and intellectual, written as he thought an American would respond.

Besides Mr. Kolesnikov and Mr. Maximov, those accepted were Joseph Bakaleynick, 38, deputy director general of the Vladimir Tractor Works, and Besik Sikharulidze, 25, who By Neftanik ]]> http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5541229&action=detail Wed, 04 Nov 2009 16:15:00 GMT Neftanik tag:iii.co.uk,2003:tst.5541073 http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5541073&action=detail Wed, 04 Nov 2009 15:48:00 GMT Escovido tag:iii.co.uk,2003:tst.5540730 By holden ontight ]]> http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5540730&action=detail Wed, 04 Nov 2009 14:58:00 GMT holden ontight tag:iii.co.uk,2003:tst.5536359
How do you know this Nef? It will certainly be good if there... Any updates that you have got and heard by any chance mate?

Just a thought as it's been so long since suspension... By Speculative_Investor ]]> http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5536359&action=detail Tue, 03 Nov 2009 20:18:00 GMT Speculative_Investor tag:iii.co.uk,2003:tst.5535832 http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5535832&action=detail Tue, 03 Nov 2009 17:56:00 GMT yuyus tag:iii.co.uk,2003:tst.5534905
But we will be sure to get a nice Christmas prezzie from Urals Energy. What's on your Christmas list ??

Patience boys By Neftanik ]]> http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5534905&action=detail Tue, 03 Nov 2009 15:00:00 GMT Neftanik tag:iii.co.uk,2003:tst.5531564 http://www.iii.co.uk/investment/detail?code=cotn:UEN.L&display=discussion&id=5531564&action=detail Tue, 03 Nov 2009 08:26:00 GMT Escovido