The situation at MTS continued to deteriorate in the first quarter of the 25th.

Rosneft shares are overvalued on the stock exchange, and the latest dividends are excessive.

The company bears significant risk due to its large debt.

Nothing has changed in the first quarter of the 25th year.

The company has no free cash.

Gazprom Neft is not doing very well, and the dividends paid are excessive.

I understand that Gazprom needs money, but the company is taking on significant risks.

When evaluating VTB shares, I will take the standard route and look at the dividend history and the calculation formula that determines these dividends.

Figure 1.

As we can see, the average line or linear trend of these two sequences is not very different from each other.

So we can take the one with the largest slope and extend it into the future.

Figure 2.

Seven future years of this da ... Читать дальше »

The M2 money aggregate began to slide down more confidently.

Weak report.

FCF about 4 rubles per share.

Possible dividends for recent years no more than 10 rubles.

Yandex continues to sit in the hole.

I've never understood why it's interesting.

Budget expenditures began to deflate.

Money problems will soon arise.

The company improved its condition as FCF entered a positive area.

Figure 1.

Investors, as usual, focus on this indicator and react with excessive energy.

This indicator is too volatile, and strict FCF is more relevant for assessing the lower price limit.

Figure 2.

Thus, the price on stock exchanges will fluctuate between the lines with a very large angular difference.