Shares of the Proprietatea Fund (FP) have reached a new historic high on Friday, of 0.7105 lei, and closed the session at 0.7080/share, up 1.29% over the previous session.
Marian Lupu, a broker at Estinvest, attributes the rise of the company's stock to the increase of the company's NAV and the future IPOs of Nuclearelectrica and Romgaz: "The outlook is good, both due to the listings of Nuclearelectrica and Romgaz, as well as due to the increase of the net assets".
Alexandru Păşălan, trader at brokerage firm NBG Securities România, thinks that the stock of the Proprietatea Fund remains quite interesting given the future IPOs expected to take place later this year: "I still see increased buying interest and even though the August high was surpassed today (Friday - ed. note), I still believe in the potential of this stock".
At the end of last week, the Proprietatea Fund has announced that its net assets have increased almost 1% in August, to 15.184 billion lei, but the Fund has posted losses of 5.6 million lei, so that after the first eight months the Proprietatea Fund has reported a gain of 530.5 million lei.
Marian Lupu believes that the future evolution of the shares of the Fund will be positive, but that the share price will not reach the NAV.
Nicu Grigoraş, a broker at Intercapital, considers that the main reason behind the rise of the stock of the Proprietatea Fund last week was the positive state of the foreign markets: "Essentially, the evolution of the foreign markets is the main reason behind the rise, and the détente of the situation in Syria has caused a positive mood in the market". He has reminded that the foreign markets are at all-time highs.
Nicu Grigoraş also considers that the Proprietatea Fund is the company that has reacted the best to the evolution of the foreign markets, with the main reason being the foreig
