Mobius' next target: bring FP Bourse price to the same level as the asset value - financiare.ro
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News » January, 2011 » 26 January 2011

Mobius' next target: bring FP Bourse price to the same level as the asset value
26.01.2011, 00:03 | Capital Markets | 766 views



Stock repurchase and persuading the Romanian state to privatise energy companies make the "ace" up the sleeve of Franklin Templeton manager to boost the price of FP shares on the Bourse, so that it should be as close as possible or even equal that of the Fund value of 1.11 RON/share.

After having turned the improbable possible and listed Fondul Proprietatea on the Bucharest Stock Exchange, Franklin Templeton's manager now has the task of bolstering the value of FP shares because compensating tens of thousand former owners, as well as the sum he gets for the management mandate depend on the price of the share on the Bourse.

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