by Cypry »
23 Jan 2012 20:40
grey_squirrel Brain Traysers Done a bit of research on the guy, there is very little on him and he seems to be working for his fathers company. I did however manage to dig a bit out on daddy and his investments...
Started and built up Ilim Pulp to be the largest paper producer in Russia, in 2006 he sold 50% of the company to International paper company for $650mill.
In July 2010 he became the primary shareholder of american based lithium-ion car battery producers Ener1 Inc, this is the company Anton works for as VP of operations, as well as CEO of their nanotechnology subsidiary NanoEner. The website is supposed to be nanoener.com but this doesn't load for me...
Since investing in Ener1, its share price has plummeted 97% from $3.25 to $0.0975 a share, with Q3 2010 earnings down 98% on the year.
The most recent operating profit figures (Q1 2011) show a $12.5M loss vs an expected $9.3M loss.
Now reading this doesn't sound too convincing assuming his wealth is mostly from his father, who has had a bad 18 months.
That + the photo doesn't seem too RTG to me!
On the surface the NanoEner thing seems bad, but how much did he invest? Might have been relatively cheap punt that went tits up. After all he sold HALF his original company for £650M, assuming he retains the other half he's certainly worth £1B+, so a punt on a car battery manufacturer of a few £10'sM is a drop in the ocean. Unless you know the context of his investment it's hard to criticise - the point has been made a number of times on here about SJM that serial investors probably have more failures than successes....