Ruminations on Russia

Caveat emptor. Buyers of shares will be providing cash in return for what precisely?

Clearly not any say in the Company, which includes when, where and how much of a dividend stream is provided as recompense for buying an option to capital appreciation. I am looking forward to the first squeal when Rosneft decides that its stakeholders are more important than the shareholders.

Rosneft float ‘by October’:
UNCERTAINTY over Russia’s biggest initial public offering (IPO) was swept aside after the government said last week state-owned oil company Rosneft would float “before the end of October”.