Prior to the forthcoming first tranche of public offering of Telelink Business Services Group (TBS Group) shares on the Bulgarian Stock Exchange, as of 27 January 2020, ELANA Trading research team issued an in-depth corporate profile research report on the company to support investors in their decisions.
Telelink Business Services Group’s (TBS Group) shares to start trading on the Bulgarian Stock Exchange at a BGN 7.60 minimum price per share, according to the Amendment to the Prospectus, approved by the Financial Supervision Commission on Dec 23rd, 2019.
Agricultural land leasing company ELANA Agrocredit (0EA BU) joins bluechip index SOFIX for the first time, the Bulgarian Stock Exchange announced in the new rebalancing to become effective as of 25 September 2018.
Poultry producer Gradus raised BGN 81.4m from its IPO, the latter being the second largest IPO on the Bulgarian stock market. Gradus placed 45.22 million shares at BGN 1.80 per share raising BGN 79.1m during its IPO auction that took place on 18th and 19th June.
The Financial Supervision Commission (FSC) approved poultry producer Gradus’ IPO prospectus, the FSC announced in a filing. The IPO is expected in mid-June. The Company seeks to raise more than BGN 100 million by placing a total of 55.6 million shares, 50% of which existing and 50% new shares.
The biggest vertically integrated human health pharmaceutical group in Bulgaria Sopharma booked record performance in 2017 with the top line hitting BGN 1bn and best EBITDA ever on strong organic and M&A driven growth. Individual bottom line margins healthy above historical and peer averages at 20%+ as cost and group optimization kicked in.
Latest SOFIX rebalancing comes with two replacements, according to notice published by the Bulgarian Stock Exchange. As a result SOFIX adds Trace Group Hold (T57 BU) and Holding Varna (5V2 BU). The two stocks are replacing Neochim (3NB BU) and M+S Hydraulic (5MH BU).
Bulgaria’s only steel panel radiator producer Korado Bulgaria strengthened its financial results in FY2017, confirming its position of a wellmanaged and profitable company in a rather mature sector with strong competition from European and global peers – this is what ELANA Trading analysts say in their updated corporate profile for the Company.