Originally Posted by
SailorRob
Looks like Jarden have taken the conservative view like I had to, it could of course do much better.
Yes Interactive Brokers for trading directly on the Moscow exchange.
No sanctions will do anything like the damage that occurred last time Russia invaded Ukraine (only a few years ago). This was followed by a deep recession in Russia, inflation rising, interest rates reaching 17%, the Rouble losing half its value, oil price dropping by more than half, and severe sanctions. Sberbank remained profitable every single quarter throughout and the minimum ROE was 11%.
Russia has a very strong financial system compared to the West, check out their debt ratios and I think the most gold backed currency in the world (major). Plus Europe is heavily reliant on them for gas at the moment.
Sberbank has done about 60,000% over 20 years without dividends and even in USD terms it's incredible, if you include reinvested dividends I would say it would have outperformed any US tech company easy. Way more technologically advanced than any of our banks too.
And most importantly it does its incredible high ROE with very low leverage too, much lower than Western banks.
Still have half my STU position.