STK Emergent (STK) closed-end investment fund has posted an over 35% increase in the past two weeks, one of the ten highest growth rates on the BSE in 2010. Yesterday alone, STK shares rose by over 10%, amid one of the largest trading volumes since the fund was listed, in August 2008. STK advance comes as SIF stock, accounting for more than 35% in the fund's portfolio, have gained 25% since the start of the year. Last year, SIFs gained over 90%, while STK stalled. "(...) As the price/company value ratio stands at 0.27, the company is clearly undervalued. The strong increase in recent months is mainly because of the lack of sales by shareholders and the high demand," explained Darie Moldovan, trading manager with Cluj-based Broker brokerage. At present, the fund's units are traded at a price of 54.5 RON/unit, with the company's market capitalisation revolving around 8m euros at this price level, in the context where the fund's net asset in late January stood at 20m euros.
STK Emergent (STK) closed-end investment fund has posted an over 35% increase in the past two weeks, one of the ten highest growth rates on the BSE in 2010. Yesterday alone, STK shares rose by over 10%, amid one of the largest trading volumes since the fund was listed, in August 2008. STK advance comes as SIF stock, accounting for more than 35% in the fund's portfolio, have gained 25% since the start of the year. Last year, SIFs gained over 90%, while STK stalled. "(...) As the price/company value ratio stands at 0.27, the company is clearly undervalued. The strong increase in recent months is mainly because of the lack of sales by shareholders and the high demand," explained Darie Moldovan, trading manager with Cluj-based Broker brokerage. At present, the fund's units are traded at a price of 54.5 RON/unit, with the company's market capitalisation revolving around 8m euros at this price le
