Listing and Price Evolution
On 12 November 2010, TransContainer’s shares were admitted to trading on the Moscow Exchange, and its GDRs are listed on the Main Market of the London Stock Exchange.
Share and GDR Prices
The upward trend in prices of the Company’s securities is supported by the recovery of the railway container transportation market.
In 2018, the Company’s shares prices decreased and GR prices continued their rise which started in mid-2016. On the Moscow Exchange, they reduced by 6.4% against the MOEX Russia Index rise by 10%. On the London Stock Exchange, they surged by 18.6% over the reporting year, while the RTS Index declined by 8.1% for the same period.
As a result, the total shareholder return on the Company’s ordinary shares in 2018 improved by 1%, while for GDR holders the increase was 24.7%.
| London Stock Exchange (LSE) | US Dollars | Moscow Exchange (MOEX) | RUB |
|---|---|---|---|
| Price as at 29 December 2017 | 8.01 | Price as at 29 December 2017 | 4,560 |
| Year low (2 January 2018) | 8.01 | Year low (20 July 2018) | 4,075 |
| Year high (9 July 2018) | 9.50 | Year high (2 February 2018) | 5,485 |
| Price as at 31 December 2018 | 9.50 | Price as at 29 December 2018 | 4,335 |
Over the medium term, the Company’s securities have been performing in line with general trends in the Russian stock market while outperforming its transport sector peers.
The total shareholder return since the IPO date amounted to 10.8% per annum for ordinary shares and 4.9% per annum for GDRs.
Measures to Maintain Liquidity
Although the key factor negatively affecting the liquidity of its securities is beyond the Company’s control, during 2018, the Company continued its liquidity support efforts in the interests of market participants.
Despite the Company’s shares were transferred to Level 3 of securities admitted to trading on the Moscow Exchange, TransContainer supports two-way quotes using a market-making mechanism. In the reporting year, BCS and FINAM brokerage companies were chosen as the market makers for the Company’s ordinary shares traded on the Moscow Exchange, while VTB Capital provided market-making services for the Company’s GDRs listed on the London Stock Exchange.
In addition, the Company retained Edison, a global investment research company, to provide independent coverage for the Company’s shares and GDRs.