Fondul Proprietatea - Waiting For The IPO’s
Waiting for the IPO’s
Fondul released its Q2 results.
Summary: Fondul’s Q1 NAVPS arrived at 2.78 RON/share, while its July’s NAVPS stood at 2.8 RON/share (+1% m-o-m). With Fondul’s quarterly report is out, we have the chance to take a glimpse on Hidroelectrica’s 6M financials. The latter is one of the most interesting information out of the report.
Valuation-wise, FP share price discount to NAVPS returned to its median 30% discount despite the fact of the approaching Hidro IPO (23Q1).
Concorde Securities Ltd. is Hungary’s leading independent company engaged in investment banking activities. It provides its clients with integrated financial services, including securities trading, research, corporate financing advisory, capital market transactions, wealth management and investment advisory. The operational management of the company is the responsibility of the CEO, while the owners/managers (who control one-third of the company through their shares and options) are in charge of its strategic governance. Concorde Securities Ltd. is a member of the Budapest, Frankfurt, Warsaw and Bucharest stock exchanges, as well as of the Hungarian Association of Investment Service Providers.
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