Leaders of the market: the reporting publication has raised interest to NLMKIn first half of auctions of Tuesday, on April, 19th, against prevailing positive dynamics of the market ordinary actions of Open Society " became one of leaders of growth; NLMK “. Considerable decrease was shown by ordinary actions of Open Society “ Polymetal “.
Actions NLMK in the beginning of the auctions have risen in price for 2,12 %. By 13:30 Moscow time growth of quotations has proceeded and has made 3,21 %. On Tuesday the company publishes industrial results for I quarter 2011ã. In particular, group NLMK in I quarter 2011ã. Has lowered steel manufacture on 2,8 % on comparison with IV quarter 2010ã. - to 2,9 million t. About it it is told in the company message. Thus in comparison with I quarter 2010ã. The steel melt has increased by 6,9 %. Realisation of finished goods of group NLMK in I quarter 2011ã. Has grown in comparison with I quarter 2010ã. On 1,8 %. For the accounting period pig-iron realisation has grown on 62 %, commodity slabs - has decreased on 29,1 %. Realisation of high-quality preparation has increased by 47,2 %, sheet hire - on 11,6 %, high-quality hire - on 46,5 %, a hardware - on 11,7 %.
In I quarter 2011ã. The company expects a gain at a rate of 2,4 mlrd dollars, profitability on EBITDA - 20 - 25 %.
Papers NLMK bargain in an intermediate term descending trend from the beginning 2011ã. Moreover, last week stock value NLMK has punched at once two levels of support - one around 115 rbl./ the action (3), and the second - long-term level of a trend 2. After these events falling was accelerated, however here very much a weighty part has played and obshcherynochnyj a negative from April, 18th. The most probable variant of succession of events the small rebound upwards which has started to be formed on April, 19th, and then renewal of decrease to the purpose at level 102 rbl./ the action (1) is represented. There players should be tightened tempted pereprodannostju and to push out stock value NLMK to 115 rbl./ the action where the next weeks levels 2 è3, become will be crossed now by resistance.
actions “ Polymetal “ in the beginning of the auctions have fallen in price on 2,92 %. By 13:30 Moscow time decrease was a little slowed down and has made 2,13 %. Participants of the market have preferred to sell actions of the metallurgical company on the eve of the reporting publication. On Wednesday, on April, 20th, the publication of industrial results for I quarter 2011ã is expected. We will remind, gold volume of output “ Polymetal “ following the results of 2010ã. Has grown on 43 % and has made 444 thousand ounces against 311 thousand ounces in 2009ã. The silver Volume of output has not changed and has made 17,3 million ounces. Ore extraction has increased by 92 % - to 7,474 thousand t, copper manufacture has made 4,003 thousand t (growth almost in 4 times).
Earlier the company has confirmed the plan in 2011ã. To make 620 - 660 thousand Gold ounces, 21 - 22 million ounces of silver and 6,0 - 7,0 thousand t copper, or 1 - 1,06 thousand ounces in a gold equivalent (proceeding from recalculation factors: silver/ gold - 1:60, copper/ gold - 5:1). It was informed that manufacture in the second half of the year 2011ã. Will be essentially above, than in the first half of the year. The basic risk of performance of this forecast is successful start and an exit on design indicators of factory avtoklavnogo oxidations in Amurske (Khabarovsk territory).
After an exit upwards from a converging wedge with the parties 1 and 4 stock value “ Polymetal “ the action has directed to 600 rbl./, but be fixed there could not. In the end of the last week one more attempt, but again unsuccessful has been undertaken. As of April, 19th of the quotation at a mark 560 rbl./ the action where takes place level of correction of Fibonachchi of 38,2 % (3) from a wave of growth in the end of March - the beginning of April again are consolidated. But the purpose of high-grade descending correction lies more low - around 542 rbl./ the action (2). This mark is quite achievable, as “ Polymetal “ it was not cooled together with the market during recoil of quotations downwards last weeks. And indicator MACD still at all has not given a signal on sale. So, probably, “ Polymetal “ in the near future to please “ bulls “ cannot.
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