I’ve decided to sell up on most of my Russian / Ukranian stocks.
HYDR, FXPO, SIBN, RSTI, GLTR.
I am holding on to FEES (Russian Electricity grid Yield 8.5%+, P/E <4 and P/B<0.3 (I can take the pain on this), and GAZP as 50% dividend payout news announced today implies *potentially* a very high yield.
I am increasingly concerned there will be an invasion/incursion in Ukraine. This build-up seems long/ sustained for a ‘training exercise’. If they go home without doing anything Putin will look weak.
I also note last year their western district held intensive training exercises as well.
He will be especially wary of talk of Ukraine joining Nato, in Russian terms this is equivalent to Canada joining the Warsaw pact – something that can’t be allowed to happen!Continue reading “Exiting Russian / Ukranian positions, possibility of invasion not priced in”