Economic Profile of Stara Planina Hold
11.11.2009
One of the most popular Bulgarian sites Darik Finance publishes Economic Profile of Stara Planina Hold Plc.
In an interview with the media, the Executive Director of the Holding Vasil Velev predicted that our subsidiaries will survive in the crisis. The question is whether it will have the potential to expand its market presence during the crisis. It is unclear how long it will remain at this level, which we are at the moment. We are trying to relocate the small market in our favor, to increase our presence. Our decline is slightly smaller than the decrease in major competitors. We hope to reallocate part of their market, and if so the crisis continues, maybe it will happen.
In the analysis of Boncho Ivanov, portfolio manager at UBB Asset Management highlights: Stara Planina Hold has always respected the good financial discipline as a holding level, and its subsidiaries. The fact that the consolidated total liabilities of the company are only about 19 percent of its own capital and its cash equivalents cover over 4.6 times the short-and long-term loans.
Stara Planina Hold is a company with its liquidity, good management and public practices be classified as so-called "core" position in many institutional portfolios. It is because of transparency, predictability and active marketing of this holding company with cyclical business, the decline in its share price from the top was still absorbed last year.
We believe the movement of stock prices, traded volume, the discrepancy in “Sum of the parts” valuation of subsidiaries and package deals at the beginning of the year, confirm the above-described financial stability and long-term undervaluation of this company, which must await the rise of its cyclic production.
NB.: Expressed opinions are not recommendations for making an investment decision!
In an interview with the media, the Executive Director of the Holding Vasil Velev predicted that our subsidiaries will survive in the crisis. The question is whether it will have the potential to expand its market presence during the crisis. It is unclear how long it will remain at this level, which we are at the moment. We are trying to relocate the small market in our favor, to increase our presence. Our decline is slightly smaller than the decrease in major competitors. We hope to reallocate part of their market, and if so the crisis continues, maybe it will happen.
In the analysis of Boncho Ivanov, portfolio manager at UBB Asset Management highlights: Stara Planina Hold has always respected the good financial discipline as a holding level, and its subsidiaries. The fact that the consolidated total liabilities of the company are only about 19 percent of its own capital and its cash equivalents cover over 4.6 times the short-and long-term loans.
Stara Planina Hold is a company with its liquidity, good management and public practices be classified as so-called "core" position in many institutional portfolios. It is because of transparency, predictability and active marketing of this holding company with cyclical business, the decline in its share price from the top was still absorbed last year.
We believe the movement of stock prices, traded volume, the discrepancy in “Sum of the parts” valuation of subsidiaries and package deals at the beginning of the year, confirm the above-described financial stability and long-term undervaluation of this company, which must await the rise of its cyclic production.
NB.: Expressed opinions are not recommendations for making an investment decision!
© 2006 SPHolding
