According to new data, the outflow of money from banks resumed last week.

The increase in the Central Bank's rate slightly stopped the outflow of cash from banks.

The company has achieved mixed results.

On the one hand, net profit is growing in annual terms, on the other hand, capital adequacy and balance sheet liquidity are declining.

Picture 1,2,3.

My formulas that calculate the expected dividends on net profit and on cash flow look like this in the picture 4 and 5.

So the norm of dividends is about 13-19 rubles per share.

Of course it may be ... Читать дальше »

The ruble has not fallen yet.  It's just strong fluctuations around the midline.

The company continues to lose money, although its operating cash flow is growing.

Figure 1.

The last figure for the half-year of the twenty-third year was doubled to be presented in an annual format.

The figures of net working capital confirm the loss of money.

Figure 2.

Inflation takes momentum. 

The main reason for the growth of the exchange rate is a sharp drop in the current account balance.

The picture shows new data for the second quarter and the first half of the year.

As we know, money printed in large quantities cannot exist without movement.

Since this is short-term money, they will look for liquid and secured assets that are not scary to hold.

Now a foreign currency is the best option to feel confident in the future.

Thus, financial agents, and this is quite logical, create a rally.

Figure 1 and 2.

Fundamentally, the demand for the dollar is expla ... Читать дальше »

The main topic at the moment is the printing press, whose efforts are already giving a fairly noticeable result.

Figure 1,2,3,4.

The excess of money manifests itself as a continuation of the budget deficit, which is covered by the reserve fund and borrowings in the money market.

This surplus, which is spent by the budget, eventually turns into money in the hands of people and accumulates on short-term deposits or in dollars.

At the same time, long-term government securities are falling in ... Читать дальше »

Finance is a wonderful abstraction with which we can represent the complexity of economic processes in one row of numbers.

When the Central Bank shrinks the growth of reserve money, it means that it blows away the past bubble.