Headlines
Kremikovtzi to be Shut Down in 25 Days if no Investor Appears
Ulpina SPV Plans to Raise Capital to BGN 5.0 Mln
BSE and Public Companies To Take Part in Forum in Germany
Bulgaria's Budget Surplus Reaches BGN 4.98 bn
| Value | Daily Chng | YTD Chng | |
| SOFIX | 480.33 | -0.45% | -72.83% |
| BG 40 | 145.37 | 4.79% | -71.94% |
| BG REIT | 55.14 | 1.12% | -46.59% |
| BGTR 30 | 357.91 | 0.93% | -67.39% |
| Shares Turnover (BGN thnds) | 2 121.61 |
| Bonds Turnover (BGN thnds) | 257.41 |
| market Capitalisation (BGN mln) | 13 380.58 |
| market Capitalisation/GDP | 21% |
| Top Gainers | Ticker | Change |
| Petrol AD | 5PET | + 13.07% |
| Chimimport AD | 6C4 | + 12.73% |
| Central Cooperative Bank | 4CF | + 6.95% |
| Top Losers | Ticker | Change |
| Holding Roads AD | 6H2 | -30.00% |
| M+S Hydraulic AD | 5MH | -12.05% |
| Lead & Zinc Complex | 5OTZ | -4.05% |
* Gainers: Among shares with turnover above BGN thnd 10;
Losers: Among shares with turnover above BGN thnd 4;
Trends
SOFIX (chart)
| P/E, ttm | Value | Daily Chng | YTD Chng | Turnover (BGN thnds) |
| 6.35 | 480.33 | -0.45% | -72.83% | 1 484 |
Overview
Holding Roads Pushes SOFIX Lower, BG40 Jumps
Shares in Holding Roads [6H2; -30.0%] were in the focus of investors on Tuesday, when 30.24 mln shares from the company's capital increase started trading. The stock slumped by 50% to BGN 3.5 in the first minutes of trading, reflecting in a 5.2% fall of the SOFIX index. Later on, some buyers appeared and the share partially erased losses to close at BGN 4.9, down by 30%. The blue-chip almost recovered to end with a daily loss of 0.45%.
Holding Roads was not only the biggestfaller but also the most liquid stock in today's session as shares in the holding company worth BGN 541,842 changed hands.
Chimimport [6C4; +12.73%] and Petrol [5PET; +15.07%] were also among the most liquid on Tuesday. Chimimport rose by 12.73% to BGN 3.01 in a volume of BGN 356,384 and Petrol jumped by 15.07% to BGN 8.4 in a volume of BGN 153,527. Petrol remains the single share among the BG40 components which has gained since the end of last year. The stock has appreciated by 56.7% since then.
The BG40 index jumped by 4.79% as 30 of the companies, included in it, ended higher. Trading volume rose to BGN 3.83 mln on Tuesday from BGN 1.5 mln in the previous session.
Corporate news
Kremikovtzi to be Shut Down in 25 Days if no Investor Appears
Under the worst case scenario, Kremikovtzi [4KW] will be shut down completely in 20 to 25 days, the steel mill's director in charge of operations Plamen Stoyanov told a news conference. This will take place if no company which wants to operate the mill shows up soon. So far, no investor has declared interest to operate or acquire the insolvent company, its receiver Ana Milenkova said.
Ulpina SPV Plans to Raise Capital to BGN 5.0 Mln
Special purpose vehicle (SPV) for securitisation of receivables Ulpina [UPY] plans to raise its share capital to BGN 5.0 mln in the next eight months, the company's executive director Dimitar Dimitrov said on Thursday. Ulpina plans to increase its capital to BGN 10 mln until the end of 2009 and the capital is seen reaching BGN 50 mln in three years. Ulpina's capital now stands at BGN 650,000. The SPV is 35%- owned by Harsev Co, in which Bulgarian financial consultant Emil Harse has a 50% stake, local joint stock company Factori I.N. owns 35% of Ulpina and local firm Vester Arks controls the remainder.
BSE and Public Companies To Take Part in Forum in Germany
The Bulgarian Stock exchange(BSE) and local public companies on November 10 will take part in a financial forum in Frankfurt am Main, Germany's financial capital, to present their activity and opportunities for investing in the country, the BSE said. Some of the companies to take part are Soharma [3JR], Chimimport [6C4], Monbat [5MB], Albena [6AB], Enemona [E4A], Trace Group Hold [T57], Stara Planina Hold [5SR], Eurohold Bulgaria [4EH] and Corporate Commercial Bank [6C9], among others.
Economy and Politics
Bulgaria's Budget Surplus Reaches BGN 4.98 bn
Bulgaria's consolidated budget surplus expanded to BGN 4.976 bn for the first nine months of 2008, up from BGN 3.354 bn a year earlier, data from the Finance Ministry showed. Consolidated revenue for the nine-month period totaled BGN 20.85 bn and consolidated spending was BGN 15.4 bn, while BGN 461 mln were transfered to the European Union's budget. The government has said it plans to spend BGN 1.2 bn from the budget surplus for infrastructure and social activities.
Upcoming Events
Aroma AD [6AR]
10.11.2008. Shareholders in AromaAD [6AR] will vote on an acquisition of fixed assets worth more than 2.0% of the company’s total assets. The meeting will take place at 1100 local time. Shares in Aroma are currently suspended from trading because of legal issues.
BG40 Stocks (table)
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Copyright: 2006 Karoll AD. All rights reserved. For further Information please contact Karoll, 57 Hristo Botev Str, 1303 Sofia, Bulgaria |Tel. +359 2 981 13 81, fax: +359 2 986 34 66, e-mail: research@karoll.net, web site: http://www.karoll.net
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Newsletter Daily 2008.11.04.pdf, 281 Kb
