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Bulgarian stock market wrap-up: Monbat’s profit up 28% in August
Highlights from ELANA Weekly Wrap-Up for 23 – 27 September 2019
Monbat consolidated H1 2018: Bottom line shrinks more than 4x
Lead acid batteries producer Monbat’s consolidated revenues down 9.7% y/y, bottom line shrank more than 4x in H1 2018, according to latest financial statements published by the Company. During the first six months, Monbat posted BGN 133.6m in revenues, marking a 9.7% y/y decrease, with exports declining by 2.9% y/y to BGN 122.5m.
Monbat shareholders voted dividend yielding 2.3%
Batteries producer Monbat shareholders voted BGN 0.19 DPS at the shareholders’ meeting held on 25th June, 2018, the Company announced in a filing to the Bulgarian Stock Exchange. The dividend yields 2.3% at current quotes.
Monbat shareholders to vote BGN 0.19 dividend per share
Lead acid batteries producer Monbat shareholders will vote BGN 0.19 DPS at a general shareholders meeting scheduled for 25th June, 2018, the Company announced in a regulatory filing to the Bulgarian Stock Exchange.
Batteries producer Monbat slowdown in Jan-Feb 2018
Car batteries manufacturer Monbat top and bottom line deteriorated considerably in JanFeb’18 on lower batteries volumes, recycling and new investment losses, the Company announced in a regulatory monthly filing.
Monbat placed EUR 28m convertible bond
Leading lead-acid car batteries producer Monbat placed EUR 28m convertible bond, the Company announced in a regulatory statement. The bond ‘s term is 84 months and will pay out a semi-annual 6M Euribor + 3% interest, but min. 3% annually.
Monbat proceeds promptly with optimization
Monbat’s Board of Directors approved a non-cash recapitalization of the LED lightning manufacturer Octa Light, according to a regulatory filing by the Company.
Announcement of public offering of bonds by Monbat
Monbat AD, pursuant to Art. 92a, para. 1 of the Public Offering of Securities Act (POSA), informs the investors about the beginning of a public offering of up to 30 000 (thirty thousand) dematerialized, interest-bearing, convertible, freely transferable and unsecured bonds with an issue and nominal value of one bond in the amount of EUR 1 000 (one thousand)
New research report: Monbat keeps scaling up
Monbat, the largest lead-acid battery producer in Bulgaria, reported 28% y/y rise in group sales in October 2017 and 29% y/y top line expansion for the 10M17 – comment ELANA Trading analysts. The Company’s sales came at BGN 266m for the 10M17 on strong third party recycled lead sales as well recovery in batteries volumes.… Read more
Monbat’s EUR 30m bond issue prospectus approved by the regulator
The largest Bulgarian car battery producer Monbat received the regulator’s approval for its 7 year EUR 30m convertible bond issue, according to an announcement by the regulator. ELANA Trading is the broker placing the issue. Bond issue core terms The interest rate on the bond is 6-month EURIBOR plus 300 bps, but not less than… Read more
