BURSA 08.01.2013

Alina Toma Vereha (Translated by Cosmin Ghidoveanu)
 
mărește imaginea
     *  Deadline much too optimistic, market sources say
     This year is very important for Nuclearelectrica SA because the Government wants to take the company public at the end of Q1 2013.
     The management of Nuclearelectrica said: "The contract is currently under negotiation with the syndicate selected for intermediating the IPO of new shares, which will be issued by the company, based on the Government decision no. 39/2012 for the approval of the strategy for the privatization of Nuclearelectrica. According to the commitments made by Romania as part of the Letter of Intent to the IMF of September 12th, 2012, the privatization of the company through the sale of 10% of the share capital of Nuclearelectrica SA (following a share capital increase) is expected to be completed at the end of Q1 2013".
     Energy market sources claim that, most likely, Q1 2013 is a far too optimistic deadline for the IPO of Nuclearelectrica, because the Ministry of the Economy has only succeeded in selecting the intermediary for the IPO of Nuclearelectrica at the end of last year. Last summer, the ministry revised the tender book, in order to attract more bidders.
     Mușat & Asociații has been selected by the Ministry of the Economy to provide legal services for the intermediation of the listing of Nuclearelectrica. The intermediary selected by the authorities is the consortium comprising SSIF Swisscapital (syndicate leader) and BT Securities.
     The listings of the energy companies have been repeatedly postponed since 2008. As a result, the commitments to the IMF have also been amended. Aside from Nuclearelectrica, the government has also made the commitment to privatize through the stock market companies such as Romgaz, Hidroelectrica or the Oltenia Energy complex. Also awaited is the secondary public offer of Transgaz, which involves the sale on the Bucharest Stock Exchange of a 15% stake in the national gas carrier.
     *  Turnover of 1.65 billion lei, a profit of 6.7 million lei
     For 2012, the management of Nuclearelectrica estimates the reaching of the turnover and profit for 2012, stipulated in the rectified revenue and expense budget: "For 2012 we forecast a produced and delivered volume of energy of 10,547,000 MWh, which amounts to a turnover of 1.645 billion lei. Any consideration on the turnover and profit (ed. note: gross profit of 6.7 million lei) seen by Nuclearelectrica must take into account the fact that the company sells about 72% of its output through regulated contracts, at the price set by the ANRE and that any cost cutting should not affect the nuclear security of the Cernavodă plant".
     In 2012, revenues from the sale of electricity have exceeded by about 0.8% the amounts considered when drawing up last year's budget, and the volume of energy produced and delivered is about 1.5% bigger than the annual schedule set at the beginning of 2012.
     Last year, Nuclearelectrica was only paid 121 lei /MWh for the energy sold on the regulated market, even though its costs had reached nearly 140 lei/MWh. For this year, the ANRE (the regulator of the energy market) has granted a bigger tariff to Nuclearelectrica (142 lei/MWh).
     The representatives of Nuclearelectrica have also said that, on the other hand, the financial expenses have seen a rising trend throughout the entire year 2012, due to the upward fluctuations of the exchange rate, which has affected the company's earnings.
     Nuclearelectrica still has two ongoing contracts negotiated directly for the sale of electricity. The contracts are concluded with the final electricity consumers, and the representatives of the company claim that they are not allowed to disclose the identity of the customers, the delivery price and the volume of energy delivered.
     *  Investments of 70 million Euros
     The total value of the investment program conducted by Nuclearelectrica in 2012 is about 70 million Euros, financed using its own resources.
     The strategy of Nuclearelectrica SA stipulates a continuous increae in the efficiency of the company, through multi-annual programs, intended to ensure, first and foremost a rigorous cut of the production costs, the optimization of the exploitation costs, by two units, the compliance of the durations planned for exploitation and a preventive management of the acquisitions of energy from the open market, to cover the unexpected downtimes in the functioning of the units.
     The management of Nuclearelectrica estimates: "The new law of energy did not have a major impact on the company. Up until the issue of this law, the company has continued to follow the principles which it wants to implement - transparency, indiscriminate access to energy, etc. The idea of the liberalization of the energy market is good, but the deadlines set by the law only refer to the liberalization of the transactions with the end-consumers, whereas the decision on the deregulation of the sale of energy to producers still lies with the regulators. Also, the law no longer allows secured contracts between producers, to allow the management of certain risks (in the case of Nuclearelectrica, we are talking about the unplanned shutdowns of the Cernavodă units). The introduction of mechanisms to encourage investments would be beneficial".
     Nuclearelectrica heavily uses the OPCOM managed markets and praises the trading possibilities which our energy market provides. The company awaits with interest the completion of the intraday market and the introduction of specific financial transactions. 

     Nuclearelectrica has a share capital of 2.536 billion lei, and the par value of a share is 10 lei. Through the Ministry of the Economy, the state owns 90.27% of the shares. Through the two Cernavodă rectors, the company produces approximately 18% of the nation's electricity.
     Last year, Nuclearelectrica posted a turnover of 1.588 billion lei (374.8 million Euros), up 4.9%, and a net profit of 95 million lei (22.4 million Euros), almost six times bigger than in 2010.

 
 

 
Readers' comments    [ add a comment ] 
Aceeasi sectiune (English Section)
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
ALMOST THREE MONTHS AFTER THE ELECTION OF NEW MANAGEMENT
Actualitate - vezi toate știrile mai jos.
Politică, 09:21
BĂSESCU:
     Fostul președinte Traian Băsescu, senator PMP, susține că liderul PSD, Liviu Dragnea, este posibil să aibă surprize în partid din partea premierului Mihai Tudose, deoarece acesta chiar dacă "nu-l ajută carisma", "are colții destul de ascuțiți".  detalii
Strategia Naţională Anticorupţie, 08:58
     Prim-procurorul Parchetului Tribunalului Botoșani Raluca Stăncescu a fost reținută 24 de ore pentru șantaj, instigare la favorizarea făptuitorului, instigare la compromiterea intereselor justiției și divulgarea informațiilor secrete de serviciu sau nepublice, potrivit unui comunicat de presă publicat pe site-ul Direcției Naționale Anticorupție (DNA).  detalii
Piaţa de Capital, 08:39
     Unitatea 2 a CNE Cernavodă s-a deconectat automat, ieri seară, de la Sistemul Energetic Național, din cauza "unui tranzient în partea clasica a centralei", anunță conducerea Nuclearelectrica, precizând că reconectarea se va face în câteva ore.  detalii
Bănci-Asigurări, 08:12
ANGHEL, BCR:
     Clădirile au o influență critică asupra siguranței și sănătății oamenilor, iar datele Eurostat arată că țara noastră are cel mai vechi stoc de locuințe din Uniunea Europeană (UE), existând blocuri de locuințe unde nu s-a efectuat nici un fel de lucrare de reparații în ultimii 20-30 de ani, a declarat președintele BCR Banca pentru Locuințe, Lucian Anghel, în cadrul unui comunicat publicat joi.  detalii
Companii-Afaceri, 07:52
     Anamaria Tihu este noul Senior Consultant în cadrul companiei Cushman & Wakefield Echinox și se va ocupa de intermedierea închirierii de spații logistice și de depozitare, dar și de dezvoltarea portofoliului de clienți ai companiei, potrivit unui comunicat de presă trimis Redacției.  detalii
Ediții precedente
Newsletter Facebook Twitter YouTube LinkedIn RSS
Jurnal Bursier
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
20.07.2017
     * Călina Mihali, "Tradeville": "Indicii BVB, în creștere pe fondul unei evoluții pozitive la nivelul burselor vestice"
     * BET-FI, singurul indice în scădere
       Ședința de tranzacționare de la mijlocul săptămânii a încheiat în teritoriul pozitiv, în contextul unui volum de 35,92 milioane lei (7,73 milioane euro), superior celui din ziua precedentă, de...  detalii
20.07.2017
BURSELE DIN LUME
     Acțiunile companiilor listate la bursele din Europa au urmat un curs pozitiv ieri, în baza raportărilor financiare pozitive.  detalii
19.07.2017
BVB
     * Dragoș Mesaroș, "Goldring": "Intrarea dividendelor de la Transgaz a mișcat puțin piața"
       Piața a încheiat a doua zi de tranzacționare a săptămânii în urcare, cea mai mare apreciere fiind înregistrată de indicele BET-Plus, care a crescut cu 0,75%.  detalii
19.07.2017
BURSELE DIN LUME
     Acțiunile companiilor listate în Europa au urmat un curs negativ ieri, investitorii considerând că aprecierea euro va afecta veniturile exportatorilor din regiune.  detalii
Cotații Internaționale

Curs Valutar

Curs valabil din data de 20 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
3,1363
2,3342
3,1408
4,1434
0,1754
0,6139
0,2216
4,5654
5,1432
1,4916
3,5326
0,2181
0,4906
1,0838
0,0671
0,4769
1,1235
3,9685
0,3062
1,2602
0,5860
0,0616
0,3523
0,2250
2,9115
0,0378
0,1530
1,0805
0,6159
0,1178
157,9884
5,5359
..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
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
28.06.2017
     * The BSE CEO is bragging about something that he didn't do and wants to do something that partially exists
       Nearing the end of his term, Ludwik Sobolewski, the CEO of the Bucharest Stock Exchange (BSE), is bragging about things that he didn't do, perhaps in an attempt to persuade he deserves to stay...  details
27.06.2017
ALMOST THREE MONTHS AFTER THE ELECTION OF NEW MANAGEMENT
     * Leonardo Badea, validated by the parliamentary commissions as president of the ASF
       Two SIFs are in complete deadlock and one more is getting close to a similar situation, as the Financial Oversight Authority (ASF) has not approved the new board members elected in the General...  details
26.06.2017
     * Adrian Vasilescu, BNR: "Veneto Banca România is a subsidiary and is governed by the European passport"
     * Adrian Vasilescu, BNR: "The deposits of Veneto Banca România are insignificant and are not in danger"
     * Intesa Sanpaolo wants to acquire the good assets of the two banks, for one Euro
     --------
        * UPDATE The liquidation of Veneto Banca and Banca Popolare di Vicenza can cost 17 billion Euros
     The italian government will pay to Intesa Sanpaolo 5.2 billion Euros in order to acquire the good...  details
.