CONFERINȚA ANTREPRENORIATUL FEMININ "Femeia la putere - o lume mai buna" - Ediția a V-a
THE PLAN FOR 2014
BURSA 17.03.2014

Adina Ardeleanu (Translated by Cosmin Ghidoveanu)
 
mărește imaginea
     *  Investments in real estate projects, a strategic goal
     *  Two options for the holding focused on hotels
     *  The acquisitions of other SIFs, a priority
       The acquisition of non-performing companies, but which have a potential for a turnaround, is the novelty that the management of SIF1 Banat Crișana, in 2014, according to the program presented to the shareholders, prior to the General Shareholder Meeting for the approval of the balance sheet.
     The real estate projects, the creation of a hotel industry holding, as well as the investments in other SIFs, are also among the objectives mentioned by SIF Banat Crișana.
     The report of SIF1 shows that the company may acquire distressed companies, either directly, or by taking over their non-performing loans - through specialized vehicles in which SIF Banat-Crișana would hold a majority stake or through partnerships.
     SIF1 is also considering investment projects in sectors that have a high potential for growth and companies with high potential for development in the medium term, with a high degree of innovation and which would offer a risk/reward ratio as low as possible: "Increased attention is being paid to the opportunities offered in the energy sector, with the projects pursued that concern a diversification of the portfolio across sectors, as well as of the investment instruments / the classes of assets under management".
     The management of the SIF says that it is considering two alternatives for the project to create a hotel industry holding, which was announced as early back as last year: "One option would be the creation of an investment vehicle that is similar to SIF Imobiliare, and the second option is that of turning one of the companies in the hotel industry into a holding, in which SIF Banat-Crișana has a controlling interest".
     * The management wants a buyback program, to lower the discount
     The management of SIF Banat-Crișana considers that a buyback program would be beneficial for the SIF's shareholders: "Using such a program, the company could absorb a limited number of shares from the market, thus lowering the number of shares outstanding. The program in question could have a beneficial effect, both by increasing the NAVPS, as well as by lowering the discount that the shares are trading at. For that purpose, the company is prepared for the beginning of a buyback program, either once the actions began by the Board of Directors in 2013 see a positive solution, or once the legislation and the relevant regulations will be adapted to the realities of the day, in order to eliminate the existing discriminations, and it will be possible to hold an extraordinary general shareholder meetings".
     In October 2013, the Financial Oversight Authority, (ASF) has told SIF1 Banat Crișana that it may not reduce its share capital, without a decision of the General Shareholder Meeting, after the management of SIF1 had approved the operation, based on a stipulation of its articles of incorporation.
     * The acquisition of the majority stake of SAI Muntenia and SIF Imobiliare - the major projects of 2013
     The acquisition of the majority stake of SAI Muntenia Invest and the creation of SIF Imobiliare Plc. have been the major investment projects completed by SIF Banat Crișana in 2013, according to the report of the Board of Directors.
     The holding dedicated to the real estate sector has been created through the incorporation of 18 companies in the portfolio of SIF Banat-Crișana. In December 2013, SIF Imobiliare Plc. was listed on the Bucharest Stock Exchange and admitted for trading on the ATS market.
     The acquisition of the controlling interest in SAI Muntenia Invest is a part of the strategy of SIF Banat-Crișana to develop and expand its portfolio of shares, with its medium term financial goal being to increase the revenue, by increasing the efficiency of the activity and of the manner of administration of the SAI, according to the report of SIF Banat Crișana.
     * SIF1 is considering lowering its exposure to the financial sector
     Last year, the value of the net assets has increased over 21%, to 1,596 million lei.
     The management of SIF1 says that the positive evolution of the stock market and the listing of some of the companies in its portfolio were the main factors that caused the 24.52% increase of the value of its portfolio. "The unlisted shares also had a positive evolution, amid the improved financial results posted by a series of companies in the portfolio", the report states.
     The management of SIF1 also states that the financial-banking sector still holds the largest weight in the assets under management, of 54% of the NAV: "The value of the stakes has increased by over 20% compared to last year. Given the current context of deterioration of the profitability ratios in the banking system, the company is considering lowering its exposure to this sector".
     The management of the company considers that it has adopted the necessary measures to improve the company's sustainability and development, the conditions existing on the financial market, by monitoring cashflows and the adequacy of investment policies.
     "The effects of the international financial crisis have also been felt on the Romanian financial market, especially in the form of the increase of the non-performing loans in the Romanian banking system, more difficult access to financing for the population, as well as for companies, the orientation of the banks predominantly towards financing the authorities, by acquiring government bonds, instead of financing economic growth or consumption, the depreciation of the national currency, a decrease in the prices of real estate assets, the negative evolution of the macroeconomic indicators (inflation, budget deficit, current account deficit, the drop of direct foreign investments, the increase in the unemployment rate etc.)", the quoted report says. 

     * Najib El Lakis, the only candidate for the completion of the Board of Directors
     The shareholders of SIF1 have on the agenda of the General Shareholder Meeting in April, the completion of the Board of Directors, by electing a new member.
     Najib El Lakis, who had been coopted as an interim board member, is the only one who has submitted his application for the position.
     Last year, Dragoș Bîlteanu was confirmed by shareholders as the CEO of SIF1 Banat Crișana. The shareholders also elected Ștefan Dumitru, Ion Stancu, Ali Lakis, Valentin Chiser and Adrian Petreanu on the Board of Directors.

 
 

 
Readers' comments    [ add a comment ] 
Aceeasi sectiune (English Section)
THE NATIONAL BANK OF ROMANIA IS PROVIDING FINANCIAL EDUCATION TO MAGISTRATES (II)
THE NATIONAL BANK OF ROMANIA PROVIDES FINANCIAL EDUCATION TO MAGISTRATES (I)
IN A LETTER SENT TO THE INM AND THE CSM, CONSUMER ASSOCIATIONS WANT TO BE PRESENT IN THE DEBATES
THE CURRENT MANAGEMENT HAS RECEIVED A NEW TERM, IN JUST ONE VOTING ROUND
THE FIRST COMPLETED AUDIT, AFTER THE TAX INSPECTIONS IN THE BANKING SYSTEM
THE "FUTURE OF THE SIFS AND OF THE PROPRIETATEA FUND" CONFERENCE / BEFORE THE ELECTIONS AT THE SIFS
ON MARCH 29TH, JUSTICE MINISTER WILL BE CONDUCTING THE EVALUATION OF THE HEADS OF THE PROSECUTORS' OFFICE OF THE HIGH COURT OF CASSATION AND JUSTICE AND OF THE NATIONAL ANTI-CORRUPTION DEPARTMENT
Actualitate - vezi toate știrile mai jos.
Politică, 09:31
GRINDEANU, DESPRE DATELE EUROSTAT:
     Premierul Sorin Grindeanu a declarat, luni, la Antena 3, că este inadmisibil că a fost depășit limita de 3% a deficitului bugetar pentru anul 2016, în condițiile în care guvernarea tehnocrată nu a făcut "absolut nimic". Grindeanu s-a referit la datele prezentate de Eurostat, potrivit cărora deficitul României a fost de 3%, la egalitate cu Marea Britanie, după Spania (4,5%) și Franța (3,4%).  detalii
Politică, 09:00
HUNCĂ, PSD:
     Deputatul PSD Mihaela Huncă a anunțat astăzi că în ultima ședință de guvern s-a aprobat proiectul de lege prin care va crește numărul burselor de merit acordate elevilor care obțin distincții la olimpiadele internaționale, potrivit unui comunicat de presă.  detalii
Politică, 08:38
GRINDEANU:
     Premierul Sorin Grindeanu a declarat, ieri seară, la Antena 3, că îi monitorizează în permanență pe miniștrii săi, urmând să tragă concluziile în ceea ce îi privește alături de șeful său pe linie de partid, Liviu Dragnea, pe care ulterior le va prezenta coaliției care susține Guvernul. Prim-ministrul a subliniat că remanierile nu se fac la televizor, adăugând că este mulțumit de "mare parte din miniștri, care au făcut ceea ce trebuiau să facă".  detalii
Internaţional, 08:16
     Statele Unite au impus sancțiuni dure vizând sute de oficiali ai Centrului sirian pentru Studii Științifice și Cercetare (CSSSC), în replică la presupusul atac chimic de luna aceasta, relatează BBC News.  detalii
Internaţional, 08:04
     Un submarin american a ajuns în Coreea de Sud, pe fondul tensiunilor generate de cel mai recent test balistic al Phenianului, relatează BBC News, precizând că USS Michigan, înarmat cu rachete, se va alătura unui grup de nave de luptă condus de portavionul Carl Vinson.  detalii
Ediții precedente
Newsletter Facebook Twitter YouTube LinkedIn RSS
Jurnal Bursier
25.04.2017
BURSELE DIN LUME
     Acțiunile tranzacționate la bursele din Europa au urmat un curs ascendent ieri, pe fondul rezultatului alegerilor prezidențiale din Franța, desfășurate duminică.  detalii
25.04.2017
BVB
     * Titlurile "Banca Transilvania", cele mai lichide
       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 de 17,25...  detalii
25.04.2017
SIBEX
     După aproape opt ore de la deschidere, ședința de luni se anunța una peste medie, datele indicând 41 de contracte futures cu o valoare de 313.523 lei.  detalii
24.04.2017
SIBEX
     Prima săptămână de după Paști, a fost una scurtă, cu doar 4 ședințe de tranzacționare în care participanții au încheiat 144 de contracte, lichiditatea fiind modestă.  detalii
24.04.2017
BVB
     * Titlurile "Electrica", cele mai lichide
       Opt dintre indicii Bursei de Valori București (BVB) au încheiat ședința de tranzacționare de vineri în apreciere, în contextul în care a fost înregistrat un volum de tranzacționare de 28,8 milioane...  detalii
24.04.2017
BURSELE DIN LUME / ÎN SESIUNEA CARE A PRECEDAT ALEGERILE DIN FRANȚA
     Acțiunile tranzacționate la bursele din Europa au fluctuat vineri, investitorii fiind precauți înaintea alegerilor prezidențiale care au avut loc ieri, în Franța.  detalii
Cotații Internaționale

Curs Valutar

Curs valabil din data de 24 aprilie 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 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
3,1588
2,3182
3,1053
4,1952
0,1692
0,6095
0,2293
4,5340
5,3492
1,4552
3,7867
0,2186
0,4900
1,0709
0,0748
0,4732
1,1601
4,1702
0,3231
1,3246
0,6057
0,0647
0,3700
0,2254
2,9361
0,0367
0,1565
1,1353
0,6078
170,5919
5,7091
..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
20.04.2017
THE NATIONAL BANK OF ROMANIA IS PROVIDING FINANCIAL EDUCATION TO MAGISTRATES (II)
     The lending boom in the second half of the last decade was caused by a combination of factors, with the most important being, according to the opinion of the NBR, the overall trend towards...  details
19.04.2017
THE NATIONAL BANK OF ROMANIA PROVIDES FINANCIAL EDUCATION TO MAGISTRATES (I)
     The National Institute of Magistrates organized on April 10th, 2017, in its continuous training program, a new seminar with the participation of representatives of the National Bank of Romania.  details
13.04.2017
IN THE ABSENCE OF ANY ACHIEVEMENT, DECISIONS MADE LIGHTLY
     * BSE shareholders have approved the new commission plan, which will increase costs, especially for retail brokers
     * Claudia Ionescu, elected on the board of the BSE
     * The merger with Sibex has been approved by the General Shareholder Meeting
       The current management of the Bucharest Stock Exchange and its employees will be awarded shares that are bought back as part of a buyback program, as the shareholders of the BSE have decided...  details
12.04.2017
THE FIRST TRANSPARENCY EXAM, FAILED
     * DIGI Communications: "No individual may rely, for any purpose, on the information included in this press release, or on the accuracy, impartiality or exhaustiveness thereof"
     * The company isn't responding on whether it has submitted a request for the approval of the prospectus and what an "adjusted" EBITDA means, as the company has announced a margin of 31.2% for that indicator
       Dutch company "Digi Communications N.V.", the majority shareholder of "RCS&RDS" SA which holds 95.79% of the shares, yesterday announced that it intends to get listed on the...  details
11.04.2017
ALREADY FIVE YEARS OF DELAY
     * PNL senator intends to call the Secretary General in the Budget and Finances Commission for explanations
     * Mihai Busuioc, the current secretary general of the Government, is being nominated for a seat on the Supervisory Board of Petrom, on behalf of the government
     * PM Grindeanu has met with OMV Petrom officials twice in the last two months
       It's been already five years since Victor Ponta and the PSD government should have raised the state's stake in the biggest Romanian company, OMV Petrom, Florin Cîțu, the vice-president of...  details
07.04.2017
     "Ferrovial" SA, the Spanish company that is the biggest shareholder in London airport Heathrow, has decided to halt future investments in the airport, due to the uncertainties tied to the...  details
07.04.2017
     * "Sadalbari" creditors include - Banca Transilvania, International Investment Bank, as well as Stareal Limited, the offshore in favor of which the company has pledged its majority stake in "Romcab"
       "Sadalbari" SRL, which owns 69% of "Romcab" (MCAB) has entered insolvency upon request, on March 31st, according to the ruling of the Court of Mureș.  details
06.04.2017
IN A LETTER SENT TO THE INM AND THE CSM, CONSUMER ASSOCIATIONS WANT TO BE PRESENT IN THE DEBATES
     * Dan Suciu, NBR: "Every decision being made about these seminars belongs to the INM and the CSM"
       Four consumer associations - Parakletos, the Association of Romanian Financial Services Users (AURSF), the Association for the Counseling of Romanian Bank Customers and Insurance Policy Holders...  details
05.04.2017
     * Radu Hanga and Ana Bobircă, new members on the Board of SIF5 * Record quorum - 56.95%
       Tudor Ciurezu, together with four other candidates for the Board of Directors of SIF5 Oltenia, have won new four-year terms each, following the elections held in yesterday's General Shareholder...
  details
05.04.2017
THE CURRENT MANAGEMENT HAS RECEIVED A NEW TERM, IN JUST ONE VOTING ROUND
     * 93.86% votes in favor of Ceocea
       The elections for a new board of SIF Moldova yesterday went without unspectacularly, as the five board members of SIF2 who were in the running - Costel Ceocea, Horia Ciorcilă, Claudiu Doroș,...  details
04.04.2017
THE FIRST COMPLETED AUDIT, AFTER THE TAX INSPECTIONS IN THE BANKING SYSTEM
     * Inspections by the tax administration are ongoing in other Romanian banks as well
       The National Tax Administration (ANAF) has found, following the specialized inspections conducted in the banking system, that one of the banks that operates on the Romanian market owes the state...  details
04.04.2017
ELECTIONS WITH ALL WEAPONS ON THE TABLE
     The Financial Oversight Authority (ASF) has not identified any groups of shareholders acting in concert with holdings that exceed the 5% legal process, at SIF5 Oltenia, according to sources from...  details
01.04.2017
     * Energy Ministry: "The liberalization will only apply to the acquisition price of natural gas, which only represents one factor of the final price paid by household consumers"
     * ANRE: "Any household customer has the option to stay with the regulated market or to stay with the competition-based market"
     * The government wants to keep the tax on additional revenues earned from the deregulation of natural gas prices
       The intense debates in the Industries Commission of the Chamber of Deputies, about Government Emergency Ordinance 64/2016 concerning the liberalization of the natural gas market did not yield any...  details
30.03.2017
THE "FUTURE OF THE SIFS AND OF THE PROPRIETATEA FUND" CONFERENCE / BEFORE THE ELECTIONS AT THE SIFS
     * Dan Paul, the Association of Brokers: "I am curious if sanctions for acting in concert in the General Shareholder Meetings of the SIFs will also apply to the Veranda group"
     * Ursache: "I am considering limiting, through a regulation, the right to buybacks and capital reductions to at most one or two a year"
       Mircea Ursache, the vice-president of the Financial Oversight Authority (ASF), has announced yesterday that the institution will sanction shareholders acting in concert, prior to the general...  details
28.03.2017
ON MARCH 29TH, JUSTICE MINISTER WILL BE CONDUCTING THE EVALUATION OF THE HEADS OF THE PROSECUTORS' OFFICE OF THE HIGH COURT OF CASSATION AND JUSTICE AND OF THE NATIONAL ANTI-CORRUPTION DEPARTMENT
     * Laura Codruța Kovesi: "I haven't been asked to resign, and I don't intend to"
     * Băsescu: "The criminal faction made up of Livia Stanciu, Laura Kovesi or Florian Coldea wanted to take over the Romanian state and has been supported by a barefaced guy like Hans Klemm"
       The chief prosecutor of the DNA, Laura Codruța Kovesi, yesterday had a meeting with Justice Minister Tudorel Toader, after which she stated that she wasn't going to resign as head of the DNA...  details
.