News » January, 2012 » 11 January 2012
Erste: The unlisted companies in the portfolio of the Proprietatea Fund make it less attractive
11.01.2012, 00:00 | Capital Markets | 1186 views
"Fondul Proprietatea" (FP) is far from being a "bargain" for investors, the analysts of "Erste Group Research" say, as they their target price for the fund's stock by 30%, to 0.51 lei/share. Nevertheless, the estimate of "Erste" is 18% higher than the current quotation of the Bucharest Stock Exchange, and analysts recommend accumulating shares in the fund. Analysts say that they have applied a discount of 48% to the fair value of the Fund's NAV of 0.98 lei/share (derived from the methodology which was used), in line with the NAV discount which several funds of private equity are trading at. Read more on Bursa.ro
|
Latest news in category Capital Markets
Romania must develop stronger and more liquid financial markets to support economic growth, World Bank experts said told a conference on capital markets, which was held in Bucharest. read more...
Retail investors submitted orders in value of 4.152 billion lei ( over 937 million euros) following Romgaz public offer, on this side the offer being oversubscribed by nearly 15 times over, representatives of some brokerage houses told. read more...
According to some market sources, businessman Alin Tatu yesterday sold his 5% stake in SIF1 Banat Crişana, in a trade on the "Deal" tier of the market, following a spectacular hike on the quotations of the market. read more...
|
|
