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Yandex N.V. (YNDX)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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18.940.00 (0.00%)
As of 05:00PM EDT. Market open.
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  • J
    is there any hope for YNDX to be traded in USA again?
  • 유스
    how we make the money. when scared we buy it
  • U
    YNDX DElist any time go to $0
  • U
    BUSINESSRussia passes law to delist securities from foreign stock exchanges
    The new bill, passed on April 6, affects companies such as the national airline, Gazprom, Lukoil, Norilsk Nickel, Sberbank and the owner of UTair (UT, Khanty-Mansiysk), Surgutneftegaz, which previously considered registrations abroad as prestigious. RBK estimates that there are 27 such companies.

    Since the invasion of Ukraine on February 24, however, stock exchanges in Western countries, including the London Stock Exchange, have halted trading in Russian securities.

    Under the new law, which the lower house of parliament passed at third reading, these companies must take steps to deregister their certificates of deposit – securities traded on stock exchanges that facilitate the purchase of shares of foreign companies – and convert into shares traded in Russia.

    Initially, the bill concerned the abolition of mandatory audits for certain joint-stock companies, but was later significantly revised to introduce, among other things, a ban on the circulation of new and existing certificates of deposit on the foreign exchange markets.
  • L
    MASSIVE order are coming in at the close, huge volume. Large institutions on the move again🤑🚀☀️Deposit this sell off today, we had a very good week in this volatile market good volume at the close and A /Hs💯☑️
  • U
    US adding more Sanction now

    Since then, the currency has largely recovered, all but undoing the losses it suffered as a result of the war and subsequent sanctions. The appreciation has surprised experts who predicted the ruble would continue to fall, barring a ceasefire in Ukraine.

    After all, the Russian economy is expected to contract by as much as 15% this year, according to the Institute of International Finance. Ratings agencies have also downgraded Russian debt to junk status, arguing the country may be headed for "imminent" default. That kind of pessimism should, in normal circumstances, lead to a depreciating currency—but the ruble has proved to be resilient.

    U.S. Secretary of State Antony Blinken told NBC's "Meet the Press" on Sunday that Russian "manipulation" was the main cause of the ruble's recent rebound after the Russian government restricted its citizens from transferring money abroad.

    "People are being prevented from unloading rubles. That's artificially propping up the value. That's not sustainable. So I think you're going to see that change," Blinken said, adding that he is working every day to tighten sanctions and close loopholes that have allowed the ruble to appreciate.

    From raising its benchmark interest rate to forcing exporters to swap 80% of their foreign currency revenues for rubles, Russia's central bank has done everything it can to prop up the rubles' value since the Ukraine invasion began, but it's more than just manipulation that's supporting the currency's value.
  • U
    It is not ADR but it is ADS all same. ADR Russia can do anything but ADS they can not.
    But YNDX also Sanctioned by US. YNDX is Own by Russia, CEO, CFO, Board of Director all Russian.
    This up to ADS provider and US law maker they can liquidate if they want.
  • A
    Can I sell YNDX
  • P
    What happend in Moskou today? Yandex MOEX declined substantially
  • U
    US and Europe just announcement Russia is now t Terrorist state sponsor. Life time Sanction now
  • R
    Many pronounce the word bankruptcy. What does bankruptcy have to do with it? Yandex has convertible bonds worth $1.25. Even assuming that all holders will require repayment, under the terms of the bond prospectus, such repayment will be made by converting into Class A shares at the rate of about $60 per share. $60 at the current price of $18! Therefore, it is unlikely that bondholders will demand repayment, most likely they will agree on restructuring.
    Now about bankruptcy, Yandex has a planned revenue of $4-5 billion for 2022, Assuming that the company prefers to repay the bonds with money (and in its place I would be happy to repay with shares at the rate of $60 per share!), this will have only a short-term impact on operating activities, as the company stated in the IR section. Yes, it was the word "short-term" that was used. At the same time, Google, the main competitor in online advertising, left Russia, and Citymobil, the main competitor in taxi, left. And Yandex is working on selling News and Zen services in order to move away from politics as much as possible and focus on infrastructure technologies. The company's desire to be out of politics and keep the maximum distance from Vladimir Putin and the topic of military operations in Ukraine is clearly visible.
  • a
    (Reuters) - Russia's Economy Ministry has proposed delisting Russian companies' depositary receipts from foreign exchanges, the Interfax news agency reported on Tuesday, citing a source familiar with the proposal prepared by the ministry.
    The price of the depositary receipts of major Russian companies on the London Stock Exchange (LSE) plunged - by more than 90% for some firms - after Moscow started what it calls "a special military operation" in Ukraine on Feb. 24.

    The LSE suspended trading in the depositary receipts -- which represent shares in a foreign company -- of Russian companies in early March.
    The Russian companies' receipts would be subsequently converted into Russian securities under the economy ministry's proposal, Interfax quoted its source as saying.
    Russia's Economy Ministry did not immediately reply to a Reuters request for comment.
    Through delisting, the ministry expects to "reduce the risk of redistribution of corporate control due to non-market sales of such securities", the Interfax quoted its source as saying. (Reporting by Reuters; Editing by Alison Williams and Jon Boyle)

    Link :
    Russia's Economy Ministry has proposed delisting Russian companies' depositary receipts from foreign exchanges, the Interfax news agency reported on Tuesday, citing a source familiar with the proposal prepared by the ministry.
    Russia's Economy Ministry has proposed delisting Russian companies' depositary receipts from foreign exchanges, the Interfax news agency reported on Tuesday, citing a source familiar with the proposal prepared by the ministry.
  • l
    The bill will not affect companies with Russian roots that carried out initial public offerings (IPOs) on foreign exchanges, such as Yandex (YNDX.O) or TCS Group (TCSq.L).
    shares won’t be converted and still trade
  • A
    Somehow there were 31,806 shares of YNDX traded on OTC today.

    MarketNumber of tradesVolumeValue traded, RUBUpdate timeMain market31,045403,289821,515,53615:30:31Negotiated deals00015:30:31OTC4,59231,80664,608,71915:30:31REPO market17,0263,167,0955,595,694,19115:30:31Total (excluding REPO)35,637435,095886,124,25515:30:31Total52,6633,602,1906,481,818,44615:30:31
  • G
    Russia specifically said Yndx will not be delisted or it will no be effected no matter what they decide to do.
    Yndx had an IPO on the Nasdaq, it's registered in the Netherlands and it hasn't been sanctioned.
  • U
    No one knows What is outcome is just wait few month we can find out go to $0 or open to trade in US
  • A
    Somehow, somebody traded approximately 140,000 YNDX shares on the OTC market.
  • U
    why 'uninvestable' Russia ASR/ADS will be been removed from US stocks exchange