Up

Brokerage Services

News

Filter by:

From:

(dd.mm.yyyy)
To:

(dd.mm.yyyy)

14.06.2018

Alcomet to distribute BGN 0.26 gross DPS (NEUTRAL)

The shareholders of Alcomet approved to distribute a total of BGN 4.6m as dividends for 2017, which represents 30% payout and BGN 0.26 gross DPS. The voted amount is 42.6% less than the 2017 payment and corresponds to 2.0% yield at last closing price of BGN 13.0 per share.

Read more

14.06.2018

Sopharma sells its 14.3% stake in Hydroizomat (NEUTRAL)

On 12 June, Sopharma sold 427 612 shares of Hydroizomat. By doing so it liquidated its interest in the company, amounting to 14.3%. Majority shareholder in Hydroizomat as of Q1’18 is Industrial Holding – Doverie (60.5%). On the 14 June, however, a similar number of shares were traded aga...

Read more

13.06.2018

HICP inflation up 0.4% MoM and 2.3% YoY in May’18, surpasses 2% annually for a first time since February’13

Bulgaria’s May’18 harmonized consumer price index /HICP/ increased by 0.4% MoM. The prices of food and non-alcoholic drinks, which have the largest weight in the index increased 0.2% MoM, the prices of alcohol beverages and tobacco products remained flat MoM, while the prices of clothing...

Read more

13.06.2018

Allterco approves retention of 2018 earnings (NEUTRAL)

Shareholders of IT holding company Allterco voted in favor of no dividend distribution. The 2017 net profit was BGN 2.7m or BGN 0.18 per share. CEO Dimitar Dimitrov said earlier that the company would aim to pay its first dividend from 2018 earnings. Allterco is in the midst of a deal for the sale o...

Read more

13.06.2018

Elana Agrocredit repays earlier BGN 4.5m bank debt (NEUTRAL)

Elana Agrocredit repaid BGN 1.3m remaining principal on a 2016 bank loan to SG Expressbank. Furthermore, the financial leasing company is going to settle its obligations to EBRD ahead of schedule. It would repay the remaining BGN 3.2m balance on 15 July. Elana Agrocredit will use funds from the BGN ...

Read more

12.06.2018

Piraeus Bank receives 5 bids for its Bulgarian business

According to a report from banks.com.gr, 5 binding bids have been received in the ongoing tender for Piraeus’s business in Bulgaria. 3 local lenders, a consortium of funds and the Greek Eurobank are, reportedly, interested in the assets. The latter owns Postbank, which it combined with the Bul...

Read more

12.06.2018

FSC approves the prospectus of Sirma Group Holding (NEUTRAL)

FSC approved the prospectus of Sirma Group Holding for the upcoming capital raise. The company plans to issue 39 573 679 new shares with nominal and issue price of BGN 1, raising its share capital to BGN 99m. The success threshold has been set at 19 786 839 shares or half of all offered. The capital...

Read more

12.06.2018

EMKA to distribute BGN 0.07 gross DPS and increase its capital by BGN 215k (NEUTRAL)

The shareholders of EMKA approved to distribute a total of BGN 1 584 636.13 as dividends for 2017 (+40% YoY), equivalent to BGN 0.07 gross DPS. The amount corresponds to 46.7% payout and 2.4% dividend yield at the last price of BGN 2.9 per share. In addition, the shareholders approved a BGN 215k cap...

Read more

12.06.2018

Fairplay Properties proposes DPS of BGN 0.0034 (NEUTRAL)

Management of Fairplay Properties REIT has called an AGM on 29.06.2018. Amongst other agenda items shareholders will vote on the proposal to distribute a gross DPS of BGN 0.0034, representing a yield of 0.5% at the last close price. The fund also intends to cover accounting loss for 2017 from reserv...

Read more

11.06.2018

Apr’18 exports grew 6.8%, the four month deficit increased 35.8%

Bulgaria’s Apr’18 exports (FOB) to third countries declined for a sixth straight month, falling by 9.7% YoY to BGN 1.3bn while the imports (FOB) rebounded and increased by 2.4% YoY to BGN 1.6bn. Exports to the EU in Apr’18 surged by 16.1% YoY, reaching BGN 2.9bn, while the imports ...

Read more

08.06.2018

The industrial production down by 2.0% MoM and 0.8% YoY in April’18

Bulgaria's industrial production index lost 2.0% on a monthly basis in April’18, after gaining 2.3% MoM in March. The working day adjusted index fell by 0.8% YoY. On a monthly basis, the production in the utilities sector decreased by 6.4% (-3.6% YoY), while the output of the manufacturing and...

Read more

08.06.2018

The retail trade increased by 0.9% MoM and 5.0% YoY in April 2018

The April’18 seasonally adjusted turnover in the retail trade (excluding motor vehicles and motorcycles) added 0.9% MoM and the working day adjusted retail trade turnover grew by 5.0% YoY. The highest monthly increases were accounted in the sales of computer and communication technologies (+6....

Read more

08.06.2018

Gradus’s temporary share issue has been registered for trading on the IPO segment

The board of BSE-Sofia admitted Gradus to the IPO segment of the exchange. The auction for the 62 194 444 shares with ticker GR6T would take place on 18 and 19 June. The asking price during the latter will range between BGN 1.80 – 2.35 with a minimum success threshold set at 36 111 112 shares,...

Read more

08.06.2018

The construction output up by 0.6% MoM and YoY in April’18

Bulgaria’s seasonally adjusted construction output index increased by 0.6% MoM in April’18 while the working day adjusted data also added 0.6% YoY, preliminary data of the National Statistical Institute showed. The building construction output added 0.3% MoM (+2.2% YoY) and the civil con...

Read more

07.06.2018

Bulgaria’s preliminary Q1’18 GDP up by 0.9% QoQ and 3.6% YoY

According to preliminary data of NSI, Bulgaria’s seasonally adjusted Q1’18 GDP increased by 0.9% QoQ and 3.6% YoY to BGN 21.5bn (current prices), while the seasonally adjusted GVA grew by 0.9% QoQ and 3.4% YoY to BGN 18.8bn. The quarterly final consumption increased by 3.3% YoY (+0.5% Qo...

Read more

07.06.2018

Donev Investment Holding increases stake in Sopharma (NEUTRAL)

Donev Investment Holding, the largest owner in Sopharma, has increased its stake to 25.22% by acquiring 24 631 shares (0.02%) at an average price of BGN 4.21 through a number of deals concluded in the period 1 June – 5 June.

Read more

06.06.2018

The World Bank forecasts Bulgaria’s 2018 GDP growth at 3.8%, 0.1 p.p. lower than earlier estimate

The World Bank revised slightly downward its forecast for Bulgaria’s economic growth. In 2018 the institution projects 3.8% rise in GDP, 0.1 p.p. less than the previous edition of its Global Economic Prospects. Also corrected were the two following years. In 2019 and 2020 World Bank estimates ...

Read more

06.06.2018

Stara Planina Hold to distribute BGN 0.22807 gross DPS (NEUTRAL)

The shareholders of Stara Planina Hold approved to distribute a total of BGN 4.75m as dividends for 2017, or BGN 0.22807 gross DPS, equivalent to 60.6% payout and 3.0% yield at the last close price of BGN 7.5 per share. The payment of the dividends should begin on 10.07.2018 and last up to 3 months....

Read more

05.06.2018

Allterco’s management revenue growth guidance for 2018 is 20%, plan to distribute a dividend (NEUTRAL)

Dimitar Dimitrov, CEO of IT services group Allterco, commented for Investor.bg that achieving 20% revenue growth in 2018 is the main goal in front of the group. According to him, the net loss of BGN 394k in Q1’18 was expected, although a year earlier Allterco reported losses of BGN 52k. Nevert...

Read more

04.06.2018

Rumoured merger of UniCredit and Societe Generale to potentially affect the Bulgarian banking sector

Financial Times, citing own sources, reported that UniCredit and Societe Generale might be planning a merger. Both lenders have branches in Bulgaria, with the former being the biggest it terms of asset locally and the French lender being seventh. While a business combination could potentially facili...

Read more
Send a request

All fields marked with (*) are required

We use cookies.