Daily comment:
Domestic market experienced 0,8% decline on the opening of the trading week closing slightly above 3.600 pts level. Among seven millionaires, only auto parts producer AD Plastik (ADPL-R-A) and holding company Lucidus (LCDS-R-A) closed in black, oil company Ina (INA-R-A) remain unchanged, while other registered price decline. Lucidus today announced that it sold 185.000 shares (8,15% of shareholder’s equity) of tourism company Sunce concern JSC to Greek buyout fund Marfin Investment Group. Marfin Investment Group paid total EUR 90 million (USD 142 million) for 49,99% stake in Sunce concern) with two – year option to increase its ownership to 75% (for additional EUR 45 million), what gives total value of cca. HRK 106,0 million for Lucidus’s package or HRK 41,9 per Lucidus share. After this sale, Lucidus still has 185.000 shares in this Sunce concern what gives value of HRK 41,9 per share, or total HRK 83,8 (cash + stake 8,2% stake in Sunce concern). LCDS share today jumped 9,6% collecting total stock turnover of HRK 1,0 million. Telecom solutions provider Ericsson Nikola Tesla (ERNT-R-A) announced mixed Q2 results today. sales rose by 1,4% yoy to HRK 426,8 million. EBIT is higher 24,1% yoy and amounts to HRK 45,6 million, due to the positive effect from Changes in inventories item (HRK - 5,3 million vs. HRK 23,5 million in Q2 2007). Corresponsive margin increased to 10,7% vs. 8,7% in second quarther 2007. EBITDA amounted to HRK 63,7 million (+ 10,8%) and EBITDA margin rose to 14,9%. Net financial result rocketed by 2.052% to HRK 18,6 million as company didn’t have FX losses during last quarter. Net income amounted to HRK 51,4 million (+ 70,6% yoy) and Q2 EPS amounted to HRK 39,0. Erisson NT today slipped 0,2% on insignificant turnover. Profit taking on electric engineering holding company Koncar elektroindustrija (KOEI-R-A) pushed this issue down by 2,4% to closing HRK 635,2, collecting 0,8 m HRK in turnover.
news flash:
- Kraft Foods profit beats estimates
- Raucous Russian Tabloids Thrive Despite Narrowing of Press Freedom
- Toyota Lowers 2008 Global sales Target
- Fuel Subsidies Overseas Take a Toll on U.S.
CROBEX index - Zagreb Stock exchange -0,8%
change in 2008. -31,1%
Avg price change for CROBEX members (table)
market MULTIPLES -SHARES (table)
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stock report20080728.pdf, 111 Kb
