OPAP – Greek play

Wood and co research on OPAP published today: *** OPAP: VLTs not yet priced in (stays Buy) *** To download the report, please click on the following link: Greece_Consumer Discretionary_OPAP_Update_25Jan2017.pdf, (650 KB) We maintain our BUY rating on OPAP, with an increased 12M price target (PT) of EUR 10.00/share (from EUR 8.50 previously), due to full inclusion ofContinue reading “OPAP – Greek play”

No brainer trade for 2017

Rember Grexit. At that time Euro came under severe selling pressure because people were worried that Greece exit from the EU could result in other departures. That is now all forgotten. Surprisingly, BREXIT so far resulted only in week GBP, because the markets have been focusing on what will happen to Britain after its departureContinue reading “No brainer trade for 2017”

Fondul NAV up 5%

From Wood and Co Research note released this morning: Fondul Proprietatea has disclosed the NAV for end of June at RON 1.1445, up 5.4% from previous NAV disclosed on 9 June (just after the reduction in par value to RON 0.85 per share). The reason for the increase in the NAV is the revaluation ofContinue reading “Fondul NAV up 5%”

Catalyst for Fondul Proprietatea investors

FONDUL PROPRIETATEA WELCOMES HIDROELECTRICA’S INSOVENCY EXIT  AND CALLS FOR ITS SWIFT IPO Bucharest, 21 June 2016 – Franklin Templeton Investment Management Limited United Kingdom Bucharest Branch, in its capacity as Investment Manager of Fondul Proprietatea SA (“the Fund”), welcomes the closure of the insolvency proceedings of Hidroelectrica following the syndic judge’s decision on 21 June.Continue reading “Catalyst for Fondul Proprietatea investors”