Gala BURSA "Deceniul European din Centenarul României"
AFTER THE THIRD QUARTER,
BURSA 04.11.2014

ADINA ARDELEANU (Translated by Cosmin Ghidoveanu)
 
mărește imaginea
     *  The buyback offer of Biofarm, the biggest transaction
     *  Simion Tihon, "Prime Transaction": "SIF1 has not made any notable divestments"
       The stake of 4.52% of Banca Transilvania (TLV) had the largest weight in the net assets of SIF1 Banat Crișana, at the end of Q3, placing it higher than the 2.41% stake in BRD, which combined 9.39% of the net asset, according to the 9-month statement published by the company yesterday.
     At the end of the first quarter, the stake in BRD accounted for 9.49% of the net assets, whereas the one in TLV represented 10.69% of the net assets of SIF1.
     "SIF1 has not made any notable divestments in the third quarter, meaning that the financial result is almost similar to what it was at the end of the second quarter", said Simion Tihon, broker at "Prime Transaction". He notes that on September 30, 2014, Banca Transilvania accounted for 12.94% of the net assets of SIF1, "as a result of the free stock received following the bank's capital increase".
     In the third quarter, SIF1 sold 8.04 million lei worth of "Biofarm" stock, as part of the Biofarm buyback offer. This was the most important transaction that SIF1 made on the domestic market, where the trades reached 8.59 million lei, according to the nine-month financial statement.
     SIF1 reports that it made 0.87 million lei from the procedure of distribution of the company's equity to shareholders, through the payment of 0.05 lei/share, performed by "Fondul Proprietatea".
     At the end of Q3 2014, the company stock market investments worth 15.2 million lei, of which 99.98% was invested in short term securities, according to the representatives of SIF1, who state that the most important acquisition, in terms of value, was the one represented by shares in CNTEE Transelectrica (TEL), worth 3.65 million lei. The portfolio of shares listed on foreign markets included 10 issuers at the end of September 30, 2014, and the transactions outside the country amounted to 171,038 Euros in the third quarter (0.75 million lei).
     The net asset value (NAV) of SIF Banat-Crișana was 1,556.39 million lei, at the end of Q3 2014, down 4.46% over the first semester of 2014 and down 2.53% compared to December 31st, 2013, according to the SIF1 report.
     The value of the listed stocks has decreased 3.97% compared to the end of the first semester of 2014, and their weight in the assets has increased during this period to 67.03%, from 65.98%. The unlisted shares category has increased 5.77% in value, due to the purchases made and the improved financial results reported by issuers listed in this class, according to the quoted report.
     At the end of Q3, SIF1 owned 4.9% of SIF2 Moldova, 4.9% of SIF4 Muntenia and 1.99% of SIF5 Oltenia.
     On Friday, the group of shareholders made up of Dragoș Bîlteanu, the head of SIF Banat-Crișana (SIF1), and others, together with SIF Muntenia (SIF4), SIF Banat-Crișana, Semrom Muntenia (SEOM), Biofarm (BIO) and Avicola București (AVBW) reported that it has pared down its stake in SIF Moldova (SIF2) to 5%, from 10.41% in June, at the request of the Financial Oversight Authority which had determined that the members of the group were acting in concert. However, the shareholders did not say which member of the group sold their shares in SIF2.
     SIF1 also holds warrants on SIF4 shares, worth 15.4 million lei.
     * Romania accounts for 71% of the stock portfolio
     Out of the total portfolio of SIF1, Romanian holdings accounted for 71%. SIF1 had investments in 11 foreign issuers, specifically in Austria, (1 issuer - Erste Bank), Cyprus (1 issuer - SIF Imobiliare, traded on the BSE) Germany (2), Finland (1), France (1), Italy (1), Luxemburg (1), Holland (3).
     Half of the stock portfolio, at the end of September, was represented by the financial-banking sector, where SIF1 had holdings in 13 issuers, followed by trade/real estate, with a weight of 14.36% (stakes in 23 companies), and by tourism and public catering, with a weight of 9.90% (holdings in 9 issuers).
     The portfolio of fixed-income securities owned by SIF Banat-Crișana on September 30 2014 represented 6.59% of the total assets under management, of which bank deposits in lei held the largest weight, which amounted to 42.06 million lei.
     SIF1 Banat-Crișana says that the volume of shares and other securities owned in the form of financial assets, amounting to 946.2 million lei, represent 76.9% of the total assets, down compared to December 31st, 2013 due to the sale of shares (BRD, Erste Bank etc). "Some of the cash proceeds have been directed towards short-term financial investments (shares and mutual funds)", according to the quoted report, which states: "The total volume of the revenues achieved on September 30, 2014, was 248.7 million lei, 3.6 times bigger compared to September 30th, 2013, as a result of the significant increase in the revenues from liquidated financial investments.
     The total expenses booked on September 30th, 2014, (69.1 million lei) have increased 135.4% YOY, due to the increase in divestment expenses, which is correlated with divestment revenues".
     The net profit on September 30, 2014 amounted to 151.4 million lei, up from 36.18 million lei on September 30, 2013, due to a significant profit from stock sales. 
 

 
Readers' comments    [ add a comment ] 
Aceeasi sectiune (English Section)
THE QUICK RISE OF THE INDEX WHICH SETS THE TREND FOR INTEREST RATES ON LOANS DENOMINATED IN LEI ISN'T STOPPING
THE PARLIAMENT IS ASKING FOR INFORMATION CONCERNING THE INVESTIGATIONS WHICH OMV PETROM HAS BEEN SUBJECTED TO
RUMORS: THE NEW CEO OF THE BSE, SOUGHT IN THE BANKING INDUSTRY
THE ANPC STARTS THE REVOLUTION ON THE BANKING MARKET
Newsletter Facebook Twitter YouTube LinkedIn RSS
Actualitate - vezi toate știrile mai jos.
Politică, 11:27
     Ministerul Turismului va organiza miercuri o dezbatere privind sistemul de redevențe al resurselor hidrotermale.  detalii
Miscellanea, 11:19
     Peste 750 de infracțiuni au fost constate de polițiști într-o singură zi și au fost date aproximativ 7.500 de amenzi în valoare de aproape 2,5 milioane de lei, potrivit unui comunicat de presă.  detalii
Companii-Afaceri, 10:53
     Amazon.com este una dintre cele mai valoroase companii la nivel mondial, cu o capitalizare de aproximativ 548 de miliarde de dolari, datorată unei creșteri de 51% a acțiunilor în 2017, iar analiștii băncii Morgan Stanley prognozează că în decurs de un an capitalizarea companiei de comerț electronic ar putea urca la 1.000 de miliarde de dolari, relatează MarketWatch.  detalii
Politică, 10:28
FLORIN JIANU:
     Modificările aduse Legii dialogului social, între care introducerea obligativității negocierilor colective pentru toți angajatorii, pentru toate contractele de muncă, arată disperarea Guvernului de a găsi soluții nerealiste la problemele generate de transferul contribuțiilor de la angajator la angajat, spune Florin Jianu, președintele Consiliului Național al Întreprinderilor Private Mici și Mijlocii din România (CNIPMMR).  detalii
Revista Presei, 10:07
     * ADEVARUL
     * PSD începe lupta cu un nou dușman: Statului paralel
     PSD a adoptat o rezoluție în care vorbește de "statul paralel și ilegitim", acesta fiind văzut responsabil de atacurile la adresa liderilor PSD și de problemele cu Justiția pe care le au aceștia.  detalii
Ediții precedente
Jurnal Bursier
17.11.2017
BVB
     * SIF5 a cumpărat 7,57% din "Turism Felix", printr-un "deal" de 7,5 milioane lei
     * Rulaj de 10 milioane euro, în ședința de joi
       Lichiditatea înregistrată pe Bursa de Valori București (BVB) în penultima ședință de tranzacționare a săptămânii a fost de 46,21 milioane lei (9,96 milioane euro), puțin peste rulajul de miercuri...  detalii
17.11.2017
BURSELE DIN LUME
     Acțiunile tranzacționate pe piețele din Europa au urcat ieri, cele mai importante câștiguri fiind înregistrate în sectorul construcțiilor, după ce firma franceză "Bouygues" SA a raportat...  detalii
16.11.2017
BVB
     * Ovidiu Dumitrescu, "Tradeville": "Valoarea totală a tranzacțiilor cu acțiuni de pe piața reglementată, sub media anuală"
     * Schimburile cu titluri "Banca Transilvania" și BRD au asigurat peste 71% din lichiditatea totală
       Lichiditatea înregistrată pe Bursa de Valori București (BVB) în ședința de tranzacționare de la mijlocul săptămânii a fost de 44,2 milioane lei (9,54 milioane euro), în scădere față de rulajul de...  detalii
16.11.2017
BURSELE DIN LUME
     Piețele din Europa au scăzut ieri din cauza declinului cotațiilor țițeiului.  detalii
15.11.2017
BVB
     * Tranzacțiile cu acțiuni "Banca Transilvania" au asigurat peste 50% din lichiditatea de 16,6 milioane euro
       Bursa de Valori București (BVB) a înregistrat, în a doua ședință de tranzacționare a săptămânii, o lichiditate de 77,47 milioane de lei (16,66 milioane de euro), peste media zilnică a acestui an...  detalii
15.11.2017
BURSELE DIN LUME
     Bursele din Europa s-au înscris pe un curs pozitiv ieri, datorită unor date economice favorabile publicate de Germania și a rezultatelor financiare peste așteptări anunțate de unele companii.  detalii
Cotații Internaționale

Curs Valutar

Curs valabil din data de 17 noiembrie 2017
1 Dolar australian...
1 Leva bulgărească...
1 Dolar canadian....
1 Franc elvețian...
1 Coroană cehă...
1 Coroană daneză...
1 Liră egipteană...
1 Euro...
1 Liră sterlină...
100 Forinți maghiari...
100 Yeni japonezi...
1 Leu moldovenesc...
1 Coroană norvegiană...
1 Zlot polonez...
1 Rublă rusească...
1 Coroană suedeză...
1 Liră turcească...
1 Dolar S.U.A...
1 Rand sud-african...
1 Real brazilian...
1 Renminbi chinezesc...
1 Rupie indiană...
100 Woni sud-coreeni...
1 Peso mexican...
1 Dolar neo-zeelandez...
1 Dinar sărbesc...
1 Hryvna ucraineană...
1 Dirham emirate arabe...
1 Kuna croată...
1 Bahtul thailandez...
1 Gram aur...
1 DST...
AUD
BGN
CAD
CHF
CZK
DKK
EGP
EUR
GBP
HUF
JPY
MDL
NOK
PLN
RUB
SEK
TRL
USD
ZAR
BRL
CNY
INR
KRW
MXN
NZD
RSD
UAH
AED
HRK
THB
XAU
XDR
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
..Lei
click aici pentru cursurile pieței valutare - istoric
English Section
16.11.2017
THE QUICK RISE OF THE INDEX WHICH SETS THE TREND FOR INTEREST RATES ON LOANS DENOMINATED IN LEI ISN'T STOPPING
     The 3-month ROBOR rate, which is used to calculate the interest rates, the majority of the loans denominated in lei, has jumped past the 2% psychological level, and yesterday reached 2.06%, up from Tuesday's 1.92%, according to data from the NBR.  details
16.11.2017
THE PARLIAMENT IS ASKING FOR INFORMATION CONCERNING THE INVESTIGATIONS WHICH OMV PETROM HAS BEEN SUBJECTED TO
     * Minister Toma Petcu, former ministers Răzvan Nicolescu and Victor Grigorescu, the representatives of the state in the executive structure of OMV Petrom and Mihai Busuioc, the president of the Court of Auditors were heard today in the Investigation Commission
       The executives of OMV Petrom mentioned, in a letter addressed to the parliament, the existence of four lawsuits brought by the National Energy Regulation Authority (ANRE) and of seven audits by the Authority, between 2012-2017, as the recent request for information by the Commission for the Investigation of the activity of the ANRE targeted a period of 12 years, from 2015 to 2017.  details
14.11.2017
THE EURO AT AN ALL-TIME HIGH
     * Vasilescu: "We cannot say that the currency market has gone off the rails, the exchange rate has moved 4 bani in 4 days"
     * "Perhaps it is a simple coincidence the fact that on November 8th was approved the Emergency Ordinance of the Fiscal Code and it was also on that day that the Euro rose past 4.6 lei", said Mr. Vasilescu
       The leu yesterday reached a historic low against the Euro, 4.6495 lei/Euro, up 1.05 over the previous meeting, marking the fourth day where the exchange rate was above 4.6 lei.  details
13.11.2017
     In October, the Romanian Commercial Bank, through Schoenherr și Asociații, has submitted, with the County Court of Bihor, a request for the insolvency of the European Drinks group, owned by the Micula brothers. That group includes: European Drinks, Transilvania General Import-Export, European Food, Starmill SRL, Scandic Distilleries SA, Rieni Drinks.  details
10.11.2017
DUMITRU COSTIN (BNS):
     * The executives of OMV Petrom, summoned to appear in the Parliament for the third time
     * Sevil Shhaideh and Radu-Spiridon Cojocaru, the representatives of the state on the Supervisory Board of OMV Petrom, also called in for hearings
     * Costin: "We have notified the Audit Body of the Prime-Minister"
       The management of OMV Petrom, namely Mrs. Mariana Gheorghe, as well as the representatives of the Romanian state on the Supervisory Board of OMV Petrom, Sevil Shhaideh and Radu-Spiridon Cojocaru will be invited to appear in the hearings on the Investigation Commission for the activity of the ANRE, the members of the Commission decided on Thursday.  details
09.11.2017
     * The fear that wages will drop is unjustified
       The government's proposal to transfer the social security contributions exclusively to the employee is not at all a social-democratic measure and not even one of redistribution, rather it is one of an ultra-liberal nature, which leaves the employer in the unique position in Europe of not contributing in no way whatsoever to the social security systems (retirement and unemployment) or healthcare.  details
08.11.2017
     * A 39% stake belongs to Russian millionaire Sergey Lobanov, who is being criminally investigated in Russia for alcohol contraband
       Banca Transilvania intends to buy an initial stake of over 39% of Victoriabank, the third largest bank in the Republic of Moldova, and together with the EBRD, would own a majority stake, according to a press release sent yesterday.  details
07.11.2017
     * Brokers: The depreciation of EL, amid the drop in the market, as well as due to deal with the FP
     * Adrian Simionescu: "Investors feel the price at which EL has acquired from the Proprietatea Fund its stakes is very high and unjustified"
     * The FP-Electrica deal, among the topics of the PNL vote of no-confidence against Energy minister Toma Petcu
       It seems the stock market did not take kindly to the approval of the transaction by which "Electrica" acquires the stakes of the Proprietatea Fund in its branches, at least for now, because EL stock dropped abruptly, immediately after the general shareholder meeting of October 26th.  details
06.11.2017
     Finally, after many statements concerning the fundamental changes in the fiscal policy, announced from one day to the next and then denied, we have the argumentation note and the draft of the emergency ordinance to amend the Tax Code published, which the Ministry of Public Finance will apply starting with the beginning of next year.  details
01.11.2017
PSD SENATOR EUGEN TEODOROVICI:
     * "The MADR made a «shopping list» of projects - with local level libraries and a ferry for crossing the Danube"
     * "Within three years at most, Romania can draw 3 billion Euros in European funds"
     * "Unfortunately, Romania promotes politicians instead of promoting specialists"
       Romania has embarrassed itself with the proposals that had been initially prepared for the Juncker plan, said Eugen Teodorovici. Mr. Teodorovici is the president of the Budget and Finance Commission of the Romanian Senate, member of the European Affairs Commission and former minister of European Funds.  details
01.11.2017
ADVERTISING
     Esports, no longer the "unruly" child of the tech and sports entertainment fields, has established itself as a legitimate and profitable industry. Romanian production company PGL is at the forefront of its acceptance and growth.  details
30.10.2017
     Ludwik Sobolewski handed in his resignation.
     Wow!
     Friday, the Bucharest Stock Exchange (BVB) posted on its website the text of a "Current report":
     "The Bucharest Stock Exchange is announcing that on October 27th, 2017, Mr. Ludwik Sobolewski has notified the company about his resignation from the position of CEO of the company".  details
27.10.2017
RUMORS: THE NEW CEO OF THE BSE, SOUGHT IN THE BANKING INDUSTRY
     * Two months have passed since Sobolewski's term expired
       Even though the management of the Bucharest Stock Exchange has not been officially announced, the result of the interviews for the position of CEO held on September 25th, it seems that already a new search has been launched, which focuses on the banking sector.  details
27.10.2017
     * Lucian Bode: "I have great doubts that the state will come out a winner from the FP-Electrica transaction and I don't think that this acquisition constitutes a zero priority for the company"
     * Gabriel Dumitrașcu: "I hope that by tomorrow (ed. note: today) at 10:00, the ASF will issue a statement, otherwise it means Mircea Ursache is reckless"
       The General Shareholder Meeting of Electrica set to take place today announces itself very interesting as, on the agenda, it includes the election of the members of the Board of Directors by applying the cumulative voting method, as well as approving the acquisition by Electrica of the stakes of the Proprietatea Fund (21% each) in the distribution subsidiaries of Muntenia Nord, Transilvania Nord, Transilvania Sud and Electrica Furnizare, for a price of 752,031,841 lei, a cost higher by 60 million for the company compared to the failed negotiation of March 2016.  details
23.10.2017
THE ANPC STARTS THE REVOLUTION ON THE BANKING MARKET
     The National Consumer Protection Agency (ANPC) recently fined no less than 15 commercial banks, on charges of misleading advertising, according to sources close to the situation.  details
.