On long -term, the market is always growing, but not all shares have the same dynamics. And today we will consider 8 worst Russian actions over the past 10 years.

For example, the Mosbirzhi index over the past 10 years has grown by 120% (taking into account dividends). But let's move on to individual actions.

❌St

Is the operator of energy networks in Russia and one of the largest electric grid companies in the world. 88% belongs to the state.

Over the past 10 years, the company's shares have decreased by 74%, and taking into account dividends, the profitability amounted to -7.1% per annum.

In July, Rosseti and FSK UES reported the reorganization of the company in the form of Rossetei joining FSK. The company, despite its public status, is very difficult to call commercial.

Outdated equipment, ineffective manual and tariff regulation - all this does not contribute to the commercialization of the industry and the successful development of the business.

❌ VTB

Russian commercial bank, completely belonging to the state. The star hour of the shares of this bank occurred many years ago (even with the initial placement).

Inspired by the vast advertisement of the first folk IPO, investors have struck shares of 0.14 rubles - since then no one has seen such prices anymore.

Constant problems, write -offs, management inefficiency, strong competitors. In addition, the bank is constantly experiencing problems with dividends.

Over the past 10 years, shares have lost 73%, and taking into account dividends --6.9% per year.

❌fsk UES

This is a subsidiary of Rossetei. FSK profit froze in one place, the costs are growing. And regular dividends became a spoonful of honey in this barrel of tar. But the transition to the control of Rossetei can level this plus.

And, as a result, over the past 10 years, shares have decreased by 62%. If you take into account dividends, average annual profitability --3.5% per annum.

❌Aeroflot

For 20 years, shares have decreased by 45%. It is not very clear how Russian companies leading in their industry and practically do not have competitors can do their own business so mediocre.

A company with negative capital, unprofitable and giant debt. More than 50% of the shares belongs to the state. It can be assumed that this is the main problem.

❌ Pipe Metallurgical Company (TMK)

Over the past 10 years, TMK shares have decreased by 38%. If you take into account dividends, average annual yield - 3.2% per annum. Which is quite strange for the largest manufacturer of steel pipes in the country where oil and gas are produced.

The company has always had too high debt load and low Free Float, which poses a threat to divisting and forced repurchase of the company's shares. All this definitely does not stimulate investors for purchases.

❌AFK system

He owns shares in MTS, Segezha, Ozon and many other issuers. For 10 years I lost 55%. They almost do not pay dividends, prefer to pay all funds to top managers as a bonus.

High debt load and lack of stable dividends are the key problems of the company. By the way, despite everything, I continue to keep this company.

❌ Surgutneftegaz

Over the past 10 years, shares have decreased by 34%. If you take into account dividends, average annual yield --1.7% per annum.

Investors like privileged shares of Surgut-they are already perceived as quasi-liberation. But the usual shares of a dividend policy does not apply. For them, of course, divas are also paid, but quite sparingly.

Surgutneftegas is more concerned about the storage of the cache in his cubes, instead of engaged in the development of production. Hence, we have such an obscure dynamics of the company's shares.

❌ ROSTELEKOM

Russian digital service provider and telecom companies. Rostelecom in 10 years did not take any movements towards development. This led to a decrease in the value of shares by 57%, and taking into account dividends --4.6% per year.

In addition, when debts grow faster than revenue, it is always alarming. At the same time, the company stably paid very decent dividends (it is worth noting that the company has a high share of the state - 65%).

Results

Almost all companies have no stable dividends from the list; high debt load, with which issuers simply cannot cope; ineffective management; They are disrespectful of minority investors.

For today, thanks for your attention!

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