Daily comment:
Domestic capital market started the week with low turnover and unchanged popular benchmark. Stock turnover amounted to HRK 22,7 million out of which half was collected by integrated telecom HT (HT-R-A) and oil and gas company Ina (INA-R-A). Hungarian oil company Mol submitted an official takeover bid for all outstanding Ina shares not held by Croatian government. Mol is offering HKR 2.800 per share for 30,2% of shareholders equity. Soon after Mol announced its intention to submit a takeover bid, Ina’s share rose to HRK 3.199 (on July 11th) and traded in HRK 2.750 – HRR 3.150 range since then. Ina’s share ended the day at HRK 2.790, 0,1% up, collecting HRK 6,2 million in turnover. Construction consultancy Institut gradevinarstva Hrvatske (IGH-R-A) submitted the highest bid for business complex Zagrepcanka offering EUR 45,62 million. The tender was published for a sale of half of the complex stretching over 100,000 sqm. Despite great interest expressed in purchasing of Zagrepcanka not as many bids were submitted due to the unresolved land-registry issues. Another important bidders were construction engineering company Ingra (INGR-R-A) offering EUR 41,25 million, and United Europe investments that is owned by Serbian holding company Delta which offered EUR 36 million. Despite this news, IGH’s share dropped 0,8% today collecting HKR 0,6 million in turnover. Dubrovnik based shipping company Atlantska plovidba (ATPL-R-A) gained 0,8% after the company announced it had ordered new vessel. The company ordered a capsize vessel with capacity of 180.912 DWT. The vessel should be delivered in December, 2009. Further decline of BDI index to 6.691 pts did not have an impact on other domestic shipping companies as they delivered mixed results with Pula based Uljanik plovidba (ULPL-R-A) adding 0,1% while Split based Jadroplov (JDPL-R-A) lost 1,1% to end at HRK 445.
news flash:
- Crude falls as Gustav fears ease
- Arab group agrees Man City deal
- Charity shops boosted as shoppers try to beat credit crunch
- Crude falls as Gustav fears ease
CROBEX index - Zagreb Stock exchange 0,0%
change in 2008. -33,3%
CROBEX index - Zagreb Stock exchange (chart)
Avg price change for CROBEX members (chart)
market multiples - shares (tables)
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FIMA FAS Ltd.
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http://www.fima.com
e-mail: fima-fortis@fima.com
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stock report20080901.pdf, 105 Kb
