Up

Brokerage Services

News

Filter by:

From:

(dd.mm.yyyy)
To:

(dd.mm.yyyy)

26.04.2017

FSC approved listing of Energo-Pro Varna bonds

The Financial Supervision Commission approved the prospectus for listing of a bond issue of local energy distribution company Energo-Pro Varna EAD. The issue is likely the EUR 130m 7 yr bond, which the company placed late last year, with a condition for listing. The bond was issued at a 3.5% yield...

Read more

26.04.2017

The FSC approved the revised merger agreement of Sopharma and Medica

The Financial Supervision Commission approved the revised merger agreement of Sopharma and Medica, according to which the second would merge into the former. According to the revised contract, one Medica share would be exchanged for 0.8831 Sopharma shares, opposed to 0.9486 prior to the revision.

Read more

26.04.2017

Fairplay Properties REIT booked BGN 1m revenue in Q1’17; Guidance 2017 sales of BGN 22.3m

Fairplay Properties REIT booked operating revenue of BGN 1m (-9.7% YoY) for Q1’17. The revenue represented the sale of property (two garages) for BGN 25k (-89% YoY) and revenue from investment property and insurance pay-outs of BGN 0.98m. OpEx decreased 16% YoY, which led to an EBITDA increase...

Read more

26.04.2017

M+S Hydraulic Q1 2017 uncons sales up 5.7% YoY; margins go down as expected, while compensation costs jump (NEUTRAL)

M+S Hydraulic Q1’17 unconsolidated sales delivered a pretty nice increase of 5.7% YoY, while the management shared expectations for FY2017 sales slightly exceeding the 2016 figure. Operating margins, however, came under pressure, with compensation costs jumping by 15.2% compared to a year ago...

Read more

26.04.2017

Alcomet’s Q1’17 revenue up 10.5% YoY, net income down 37.1% YoY (NEGATIVE)

Alcomet’s Q1’17 revenue increased by 10.5% YoY to BGN 91.2m, as its extruded products sales grew by 2.6% YoY to 5.7k tons and its rolled products sales added 2.0% YoY to 11.5k tons. The highest nominal increases among its top markets were in the sales to Italy (+BGN 4.1m YoY to BGN12.9m)...

Read more

26.04.2017

Sopharma Trading’s March’17 sales up 13% YoY, EBT jumps 22% YoY (POSITIVE)

Sopharma Trading’s March’17 sales added 13% YoY to BGN 57.2m, while the EBT increased by 22% YoY to BGN 1.7m. The YTD sales advanced by 8% YoY to BGN 164.6m and the Q1 EBT grew by 7% YoY to BGN 4.8m.

Read more

26.04.2017

Sofia Commerce Pawn Shops proposed to distribute BGN 0.25 and BGN 0.225 gross dividend per ordinary and preferred share, respectively (NEUTRAL)

The management of Sofia Commerce Pawn Shops proposed to distribute BGN 45.3k and BGN 555k as dividends to its preferred and ordinary shareholders, respectively, yielding a total payout of 46.3%. The proposed amounts represent BGN 0.225 and BGN 0.25 gross dividend per preferred and ordinary share, th...

Read more

25.04.2017

Monbat’s March’17 cons sales up 19.8% YoY; the monthly EBT up 19.6% YoY (POSITIVE)

The March’17 consolidated revenue of Monbat increased by 19.8% YoY (-0.6% MoM) to BGN 26.5m. The monthly EBITDA added by 17.3% YoY to BGN 5.6m and the EBT grew by 19.6% YoY to BGN 4.1m. The Q1’17 sales added 22.4% YoY to BGN 78.2m, while the EBITDA advanced by 12.4% YoY to BGN 13.9m, whe...

Read more

25.04.2017

Sopharma filed a revised tender offer for Unipharm at BGN 4.35 per share (NEUTRAL)

Sopharma filed a revised tender offer to the minority shareholders of Unipharm at BGN 4.35 per share, after the FSC issued a temporary ban on its previous offer at the same price per share. The number of tendered stocks is 1 342 234, equivalent to 22.37% of Unipharm’s share capital.

Read more

25.04.2017

Sopharma to became co-debtor and place collateral on credit facilities of subsidiaries (NEUTRAL)

The shareholders of Sopharma authorized the Board of Directors to sign a number of agreements: (1) Sopharma to pledge real estate and equipment as collateral for investment loan of Sopharma Trading from Raiffeisen Bank; (2) Sopharma to become a co-debtor with Sopharma Trading on investment loan from...

Read more

25.04.2017

BG Agro proposed to distribute BGN 0.01 gross DPS (NEUTRAL)

The management of BG Agro called a GSM, scheduled for 31 May’17, on which the shareholders would vote on distributing a total of BGN 403.6k as dividends for 2016, or BGN 0.01 gross DPS. The proposed amount corresponds to 22.4% payout and 0.5% dividend yield at the last close of BGN 2.1 per sha...

Read more

24.04.2017

Bulgaria placed 4-year government bond at a record low yield of 0.11%

Bulgaria issued another BGN 60m government bonds, maturing on 22 February 2021, at a record low yield of 0.11%. The issue was placed at a spread of 61 bps points relative to the German Bunds. The filed subscription orders totaled BGN 149.35m, making a bid-to-cover ratio of 2.49. This is the second 4...

Read more

24.04.2017

CEZ receives 6 binding bids for its Bulgarian investments (NEUTRAL)

CEZ received 6 binding bids for its Bulgarian investments according to Capital daily. Four of the bids come from Bulgarian owned companies – Minstroy Holding (owned by Nikolay Valkanov), Prista Oil (Plamen and Atanas Bobokovi, majority owners of Monbat), TPP Bobovdol (Hristo Kovachki) and Futu...

Read more

24.04.2017

Sopharma Trading to sign 3 credit facilities for a total of BGN 53.5m (NEUTRAL)

The shareholders of Sopharma Trading approved the proposition to authorize the Board of Directors to sign 3 credit facilities. The first credit facility is 78-month BGN 16m investment loan from SG Expressbank with 1.8% fixed interest rate. The second facility is 81-month EUR 12m investment loan from...

Read more

24.04.2017

The CPC allowed Doverie United Holding to acquire Veco Ltd. (NEUTRAL)

The Commission for Protection of Competition (CPC) allowed Doverie United Holding to acquire the Troyan based producer of washing and cleaning products Veco Ltd. The deal size was not announced but according to information in the trade registry there was a partial prepayment of BGN 2.4m. The 2015 re...

Read more

21.04.2017

Budget 2017 would be revised

Budget 2017 would be revised, the former and prospective minister of finance Vladislav Goranov announced, due to the intended increase of the minimum monthly pension to BGN 200. The net corrections should be around BGN 97m and the revision would take place until end-June’17.

Read more

21.04.2017

EMKA’s Q1’17 sales up 20.4% YoY; the net profit up 2.1x (POSITIVE)

Emka’s Q1’17 revenue increased by 20.4% YoY to BGN 24.7m, as its domestic sales grew by 24.4% YoY and its export sales (69.7% of the revenue) added 20.1%. At the same time, the operating expenses increased by 19.7% YoY, triggered mostly by higher materials (+18.8% to BGN 20.1m) and compe...

Read more

21.04.2017

Fibank calls AGM on 29 May

First Investment Bank summons AGM on 29 May 2017, when shareholders among others, would vote on amendments to the articles of association. The amendments extend by another 5 years the powers of the Managing Board (following approval by the Supervisory Board) to increase the bank’s share capit...

Read more

21.04.2017

M+S Hydraulic’s March’17 sales up 4.8% YoY, EBT down 16% YoY; April’17 revenue foreseen down 0.1% YoY (NEUTRAL)

March’17 sales of M+S Hydraulics came to BGN 9m, up by 4.8% YoY (+11.8% MoM) and 3.2% higher than the management’s forecast. The preliminary EBT for the month was down 16% YoY to BGN 1.4m. April’17 sales are expected to step back by 0.1% YoY to BGN 8.3m, which would bring the 4-mo&...

Read more

21.04.2017

Hydraulic Elements & Systems’ March’17 sales up 9.9% YoY, EBT up 12% YoY; April’17 revenue foreseen up 2.6% YoY (NEUTRAL)

March’17 sales of Hydraulic Elements & Systems came to BGN 5m, up by 9.9% YoY (+4.7% MoM) and 0.2% lower than the management’s forecast. The preliminary EBT for the month added 12% YoY to BGN 663k. April’17 sales are expected to increase by 2.6% YoY to BGN 4.6m, which would bri...

Read more
Send a request

All fields marked with (*) are required

We use cookies.