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)
CEC BANK CHAIRMAN REACTS TO THE STATEMENTS OF LUCIAN ISAR:
THE WEAKNESS OF THE MANAGEMENT OF THE BSE IN ACTION
IN 2012, THE OPENING OF THE BIDS FOR THE PRIVATIZATION OF THE PLANT TOOK PLACE IN THE PRESENCE OF THE PRESS
FINES OF 337,000 LEI, FOR ABUSIVE CLAUSES IN LENDING CONTRACTS
Actualitate - vezi toate știrile mai jos.
Internaţional, 22:40
     Grecia a obținut 3 miliarde de euro în prima exploatare a pieței obligațiunilor de după 2014. Investitorii s-au încrezut în așteptările conform cărora răul a fost depășit pentru țara care a fost epicentrul crizei datoriilor din Europa, potrivit Bloomberg.  detalii
Companii-Afaceri, 21:53
     * Au fost procesate un număr de 4136 de cereri pentru vouchere în vederea cumpărării unei biciclete
     * Primăria intenționează să suplimenteze numărul de vouchere
       Primăria Municipiului București (PMB) a luat astăzi decizia să suspende procesul de înscriere în programul "Bicicliști în București" ca urmare a cererii foarte mare pentru acordarea de vouchere în vederea cumpărării unei biciclete, informează un comunicat al Municipalității.  detalii
Internaţional, 21:34
     Banca Centrală Europeană ar trebui să mențină o politică monetară fermă de acomodare pentru o perioadă extinsă, a declarat azi Fondul Monetar Internațional, deoarece prognozează că inflația rămâne sub țintă, potrivit Economic Times.  detalii
Internaţional, 20:30
     Principalii indici bursieri europeni au închis ședința de tranzacționare de astăzi în apreciere.  detalii
Internaţional, 20:14
     Talibanii au primit armament îmbunătățit în Afganistan, care pare să fi fost furnizat de guvernul rus, potrivit videoclipurilor obținute de CNN. Ele pot întări acuzațiile oficialilor afgani și americani că Moscova înarmază un dușman.  detalii
Ediții precedente
Newsletter Facebook Twitter YouTube LinkedIn RSS
Jurnal Bursier
25.07.2017
BVB
     * Săptămâna a debutat cu scăderi, pe o lichiditate de doar 6 milioane de euro
      * Titlurile "SIF Banat-Crișana", cele mai lichide
       Opt din indicii Bursei de Valori București (BVB) au încheiat prima ședință de tranzacționare a săptămâ¬nii în teriroriul negativ, în contextul în care a fost înregistrat un volum de...  detalii
25.07.2017
BURSELE DIN LUME
     Acțiunile companiilor listate la bursele din Europa au scăzut ieri, sectorul auto consemnând cele mai mari pierderi, după ce Guvernul de la Berlin a confirmat că autoritățile de concurență...  detalii
24.07.2017
BVB
     * Indicele BET a atins maximul ultimei luni
       Ultima zi de tranzacționare a săptămânii a fost dominată de tranzacțiile cu acțiuni "Fondul Proprietatea" (FP), simbol pe care s-au înregistrat transferuri în valoare de 32,15 milioane de...  detalii
24.07.2017
BURSELE DIN LUME
     Acțiunile tranzacționate la bursele din Europa au urmat un curs negativ vineri, după ce revista Der Spiegel a informat că este posibil ca producătorii auto germani "Volkswagen" AG, BMW AG,...  detalii
21.07.2017
BVB
     * Creștere de 14,84% pentru "Armătura"
       Principalul indice al Bursei de Valori București (BVB) a bifat, ieri, cea de-a patra zi de creștere la rând, cotația acestuia apreciindu-se cu 1,21%, față de cea de închidere din ședința de miercuri.  detalii
21.07.2017
BURSELE DIN LUME / BCE SUGEREAZĂ O EVENTUALĂ MODIFICARE A POLITICII MONETARE ÎN TOAMNĂ
     Acțiunile tranzacționate la bursele din Europa au fluctuat ieri, după ce președintele Băncii Centrale Europene (BCE), Mario Draghi, a declarat că va lua în toamnă o decizie privind o eventuală...  detalii
Cotații Internaționale

Curs Valutar

Curs valabil din data de 25 iulie 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
3,1040
2,3324
3,1268
4,1301
0,1753
0,6134
0,2185
4,5617
5,0963
1,4927
3,5124
0,2160
0,4898
1,0718
0,0653
0,4774
1,0979
3,9136
0,3004
1,2440
0,5797
0,0608
0,3504
0,2201
2,9069
0,0378
0,1517
1,0655
0,6156
0,1170
157,5803
5,4895
..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
25.07.2017
SPECIALISTS:
     * The BRUA project can no longer be funded, after Hungary announced that it would stop on the Hungarian territory, our sources are saying
       The BRUA pipeline, which was supposed to go through Bulgaria, Romania, Hungary and Austria, will have the same fate as Nabucco, meaning it won't be built, some market specialists think.  details
24.07.2017
CEC BANK CHAIRMAN REACTS TO THE STATEMENTS OF LUCIAN ISAR:
     * (Interview with Mr. Radu Grațian Ghețea, the president of CEC Bank)
     * CEC Bank intends to end this year with a three figure profit
     * CEC Bank chairman: "When the EBA makes moves and finds an easing of interest rates is possible, then that will happen over here as well"
     * Radu Ghețea: "In the case of Romcab, we have begun the foreclosure, we have foreclosed some of the collaterals and we will continue to foreclose on others"
       CEC Bank intends to end this year with a three figure profit, Radu Grațian Ghețea, the chairman of the bank told us in a sizeable interview.  details
22.07.2017
MIRCEA URSACHE, ASF:
     * Ursache: "Romcab is required to file the same reports during its restructuring period as it would during normal operation"
       "Romcab" (MCAB) has the same reporting obligations, during the restructuring period, that it does during its regular operation, said Mircea Ursache, vice-president of the Financial...  details
19.07.2017
MIRCEA URSACHE CONFIRMS:
     * Ursache: "We are asking the market operator to comply with corporate governance"
     * In fact, the investigation targets Lucian Anghel, the president of the BSE, because he is the one that can summon the board
       The Financial Oversight Authority is conducting an analysis of the manner of summoning and unfolding of the Board of Directors of the Bucharest Stock Exchange Mircea Ursache, vice-president of the...  details
17.07.2017
     The Association of Brokers has taken a stand against the exclusion of the BURSA newspaper from the guest list of the official events of the Bucharest Stock Exchange, reported on Friday.  details
14.07.2017
THE WEAKNESS OF THE MANAGEMENT OF THE BSE IN ACTION
     The officials of the Bucharest Stock Exchange avoid explaining why they are excluding BURSA from events.  details
13.07.2017
AFTER FOUR YEARS AT THE HELM OF THE BSE
     * The Board of the Stock Exchange has been waiting for Ludwik Sobolewski's answer for about three weeks now
       Ludwik Sobolewski, who called himself the Alpha Male of the stock market, has received from BSE president Lucian Anghel, an offer for a new term as CEO of the Bucharest Stock Exchange, which...  details
11.07.2017
     The commotion caused by the old news that BURSA published, which were revealed as if they were new, by the Rise Project "investigators", drew attention to the detail, (that we presented...  details
11.07.2017
JOURNALISTS WITHOUT MORAL BOUNDARIES
     The news that PSD president Liviu Dragnea is the shareholder of Tel Drum S.A., which does road infrastructure works and which was awarded all the contracts of the County Council of Teleorman in...  details
08.07.2017
MINISTRY OF PUBLIC FINANCES (MFP):
     * MFP: "CEC Bank has decided to terminate the loan agreements of Romcab, after the company refused to allow the bank access to its raw materials warehouses"
     * MFP: "The decisions to lend the money as well as the allocation of the exposure limits by Romanian insurers and international insurers were done based on the financial statements made available by the company"
       "Romcab", which filed for insolvency in February, had inventories of 493 million lei at the end of 2016, according to the certification report received by EximBank, according to a response...  details
08.07.2017
IN 2012, THE OPENING OF THE BIDS FOR THE PRIVATIZATION OF THE PLANT TOOK PLACE IN THE PRESENCE OF THE PRESS
     * Chimcomplex has announced it has made a bid
     * Sources: "PCC did not participate in the call for bids"
     * Gheorghe Piperea: "We have several offers, both for the five asset packages of Râmnicu Vâlcea, as well as for other packages"
       Whereas in 2012, the privatization of "Oltchim" generated a media blitz, as the opening of the bids occurred with the participation of the press, yesterday, the closing of the call for...  details
05.07.2017
     The Italian Chamber of Deputies recently organized the conference called "Italy's public debt in the Eurozone", which saw experts in the restructuring of public debt, academics,...  details
04.07.2017
     * A new blunder, trademark Toma Petcu: "Energy companies do not have investments in the pension funds "
       While Agriculture Minister Petre Daea causes amusement through his speeches about sheep, Energy Minister Toma Petcu seems to be the champion of blunders.  details
03.07.2017
FINES OF 337,000 LEI, FOR ABUSIVE CLAUSES IN LENDING CONTRACTS
     * Some Non-Banking Financial Companies (NBFCs) have been forced to return to their borrowers the money collected illegally, as well as to freeze their advertising campaigns until their activity complies with the law * The ANPC has also audited Easy Credit, managed by Ianfred Silberstein, consultant with the NBR * Dan Suciu, NBR: "Ianfred Silberstein is no longer on the payroll since 2015, but he can work as a project-based consultant" * Provident fined 40,000 lei
       The non-banking financial institutions have been fined a total of 337,000 lei, following the audit conducted by the National Consumer Protection Agency (ANPC), between May 8th, 2017 - June 16th,...
  details
30.06.2017
     Liviu Dragnea "swore", in December 2016, on the electoral program, which then became the governing program and the "Bible of the PSD": he guaranteed, in a TV Show, that he would...  details
.