RUSHYDRO: Investor Meeting Overview

On 4 March RusHydro management led by Deputy CEO George Rizhinashvili met investors at a closed meeting organised by Aton. We were encouraged by the RusHydro top managers’ openness. While there is a dearth of strong stock drivers in the short term, we believe RusHydro might become a favourably evolving story over a longer term period of two-to-three years should its managers deliver as promised on cost optimisation, abstain from doubtful capex projects, and provide growing dividends. Please see the note attached for full details.

« Back