BURSA 08.01.2013

Alina Toma Vereha (Translated by Cosmin Ghidoveanu)
 
mărește imaginea
Aceeasi sectiune ( English Section )
 *  28.04.2016 - The casting out of Valeriu Zgonea from the PSD
 *  27.04.2016 - The liars' fair
 *  27.04.2016 - The shareholders of SIF Banat Crișana have approved a buyback program
 *  26.04.2016 - China's total debt, at a record level
 *  25.04.2016 - "The new generation carries over the populist speech against banks"
 *  25.04.2016 - Piperea: "The profession of insolvency practitioners - the target of a destructuring action"
 *  22.04.2016 - Mario Draghi: "The ECB obeys the law not politicians"
 *  22.04.2016 - 11th grade pupils put the bankers in place
 *  21.04.2016 - "Broadhurst" wants to sell the "Cocor" store
 *  20.04.2016 - "The rulings in the ANPC versus the banks lawsuits apply to all similar contracts"
 *  19.04.2016 - "The government did not send the law of giving in payment to the Romanian Constitutional Court and has not discussed the matter"
 *  18.04.2016 - "I am working on a legislative draft for those who have loans taken out through the «First Home» program"
 *  15.04.2016 - BCR sells the Silver Mountain complex at a loss
 *  15.04.2016 - Banks are the main source of systemic risk in Europe
 *  14.04.2016 - A law voted almost unanimously, 40% chances of implementation?
     *  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 ] 
Sondajul Ziarului BURSA. Acceptați migranții?

Printre cititorii BURSA a apărut ideea realizării unui sondaj, prin care să aflăm care este atitudinea cetățenilor față de primirea migranților în România.
Vă invităm să răspundeți la această întrebare aici.
Newsletter Facebook Twitter YouTube LinkedIn RSS
Ediții precedente
Sektkellerei Schlumberger www.comenzi-sampanie.ro
Jurnal Bursier
29.04.2016
SIBEX
     La Sibex, penultima ședință de tranzacționare din luna aprilie nu a impresionat în prima sa jumătate, lichiditatea fiind din nou una modestă.  detalii
29.04.2016
BVB
     Șapte dintre principalii indici ai Bursei de Valori București (BVB) au încheiat ședința de tranzacționare de ieri în apreciere, în contextul în care a fost înregistrat un volum de tranzacționare...  detalii
28.04.2016
SIBEX
     După ce marți piața a furnizat pentru a treia oară în acest an un volum de pes-te 100 de contracte, mai exact 109, sesiunea fiind cea mai bună de până acum a lunii aprilie și a doua din an, prima...  detalii
28.04.2016
BVB
     * Tranzacțiile cu titluri SNG au depășit ieri 20 milioane lei
       Principalii indici ai Bursei de Valori București (BVB) au încheiat ședința de tranzacționare de ieri în depreciere, în contextul în care a fost înregistrat un volum de tranzacționare mai mic decât...  detalii
27.04.2016
BVB
     Piața principală a Bursei de Valori București (BVB) a fost dominată ieri de o tranzacție de tip "deal", în valoare de 12,6 milioane lei, realizată cu titluri "Romgaz" (SNG), la...  detalii
27.04.2016
SIBEX
     După ce luni partea a doua a ședinței a fost animată de tranzacțiile cu derivatul pe aur, situația s-a repetat și în prima parte a zilei de marți, însă cu un ritm chiar mai bun, cea de a doua...  detalii
Cotații Internaționale

Curs Valutar

Curs valabil din data de 28 aprilie 2016
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 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
XAU
XDR
3,0043
2,2866
3,1342
4,0717
0,1654
0,6008
0,4434
4,4721
5,7423
1,4401
3,6396
0,1997
0,4848
1,0195
0,0607
0,4886
1,3969
3,9374
0,2731
1,1173
0,6078
0,0592
0,3453
0,2268
2,7413
0,0365
0,1565
1,0720
0,5983
159,2500
5,5684
..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
28.04.2016
A STORY WITH ANTILOPES, CROCODILES AND ALPHA MALES
     Valeriu Zgonea has been excluded from the PSD because Liviu Dragnea was sentenced to two years in prison with suspension.  details
27.04.2016
CANDIDATES FOR THE MAYORALTY OF BUCHAREST
     Liberals are falling like bowling pins hit by the ball of the Mayoralty of Bucharest- wham!, Cristian Bușoi, wham!, Ludovic Orban, wham!, Marian Munteanu -, and Cătălin Predoiu, the fourth...  details
27.04.2016
THE BATTLE FOR THE DIVIDENDS, POSTPONED UNTIL TODAY
     On April 25th, the shareholders of SIF1 have approved a stock buyback program in the Extraordinary Shareholder Meeting.  details
26.04.2016
     * Over 25,000 billion dollars in the first quarter - 237% of the GDP
     * Analysts warn about risks
       China's total debt has increased to a record level of 237% of the GDP in the first quarter of 2016, far exceeding the level reached by other emerging countries, which increases the risk of a...  details
25.04.2016
ADRIAN VASILESCU:
      * "Banks are arrogant, people in banks are arrogant, but what are people in the insurance industry or from any counter in this country like?"
     * "The banks' mistake is that they do not hire psychologists, philosophers, sociologists"
       When speaking about financial education, we are speaking about the bankers' financial education, of the customer service officers in banks, who don't always know how to talk to people,...  details
25.04.2016
LAWYER GHEORGHE PIPEREA HAS LEFT THE UNPIR
     * His resignation from the executive structures of the Union is "the result of occult and illegal maneuvers", says Gheorghe Piperea
       Lawyer Gheorghe Piperea has left the National Union of Insolvency Practitioners (UNPIR), and has resigned both from the position of first vice-president, as well as from the position of interim...  details
22.04.2016
     * "We are independent", the ECB official says about the Board of Directors of the governors of the bank that he is leading
       The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some...  details
22.04.2016
IN A MEETING DEDICATED TO FINANCIAL EDUCATION
     * The youngsters' questions, received with applause from their colleagues: "Why can't citizens be loan sharks, while the bank does legal loan-sharking? Why should we trust banks, when many people have lost their homes because of you?"
       Yesterday, bankers received some hard-hitting questions from some 11th grade students, in a meeting dedicated to financial education.  details
21.04.2016
AFTER ALMOST BEING FORECLOSED ON IN 2012
     The shareholders of "Cocor" SA (COCR) are being summoned, on May 23rd, to decide on the sale of the "Cocor" store, at the request of "Broadhurst Investments Limited",...  details
20.04.2016
THE CONSTITUTIONAL COURT HAS DECIDED:
     The rulings issued by the courts in the lawsuits filed by the National Consumer Protection Authority (ANPC) against banks apply to all similar loan contracts, the Constitutional Court of Romania...  details
19.04.2016
DAN SUCIU:
     The government did not send the law of giving in payment to the Romanian Constitutional Court (CCR) nor has it discussed doing it, Dan Suciu, spokesperson of the Government assured us yesterday.  details
18.04.2016
DEPUTY DANIEL ZAMFIR DROPS A NEW BOMB:
     The people who have borrowed from banks starting from the First Home program which could benefit from a similar law to the one that stipulates the giving in payment.  details
15.04.2016
     * The bank has acquired the luxury real estate complex for 45 million Euros, and it is now trying to get rid of it for just 35 million Euros
       BCR, part of Erste Group, has appointed Knight Frank România to sell the Silver Mountain complex of Poiana Brașov.  details
15.04.2016
     The International Monetary Fund has tried to attenuate the pessimism reflected in its World Economic Outlook through the Global Financial Stability Report, titled "Potent policies for a...  details
14.04.2016
THE MPS HAVE CAST THEIR VOTE ON THE LAW OF GIVING IN PAYMENT FOR THE SECOND TIME
     The law of giving in payment has passed the Chamber of Deputies yesterday with a crushing number of votes in favor after previously being voted unanimously in the Senate.  details