The current results season is also slowly heading towards the finals on the Prague Stock Exchange. During the week, insurance company VIG surprised with an unexpected report of selected partial positive data, which will nevertheless present the full report on August 30. Including this one companies in short, economic results for the 1st half of the year are still expected from the PX index from four companies. At the end of August, the beverage KOFOLA will be presented, from which it is also expected to be released regarding this year’s dividend. COLT will reveal the results on Thursday, September 21, and PHILIP MORRIS will close the results season on September 29.
Regulatory reports in the last week revealed so-called insider sales on COLT shares. About a month before the aforementioned report of economic results, Dennis Veilleux resorted to selling shares of the armory. That is, the long-time head of the taken over American company Colt, who subsequently became a member of the board of directors of the entire arms group. He actually returned to sales exactly one year later. As we reported last year, in mid-August he sold a total of almost 14,000. of COLT shares. Now he was selling at prices more than a tenth lower in comparison. However, this year’s CZK 30 corporate dividend moderates the difference. Shareholders owning shares on June 19 were entitled to it.
Sales for 4.6 million crowns
Veilleux made the first sale on the Prague Stock Exchange last Friday, followed by another this week on Tuesday and Wednesday. In total, he sold 8,200 COLT shares at prices of approx. 560-563 CZK. So a total of more than 4.6 million CZK. The market reaction to the aforementioned transactions was actually not negative in the end. COLT shares continued to trade around the level of CZK 560 and even closed at CZK 567 on Friday. That is, at 2-month highs. Liquidity, however, was below average at almost 700 thousand. CZK. It was lower only in five cases this year, the last time on June 7.
FOOTSHOP shares at new lows
After carrying out a special SPAC investment operation, as is known, the shoe retailer’s shares began to be traded directly on the Prague Stock Exchange from the beginning of August FOOTSHOP. And even the second week on the market did not bring investors’ interest in the title. Relatively logically, there are actually not too many sellers, when in fact not long ago investors agreed to acquire shares for a rate of CZK 100. However, some do not believe in the future even now, when they are selling at a loss. Already last Friday, the exchange rate fell by CZK 2 below the mentioned emission level, and this week the southward direction has not stopped. Above all, on Friday, the title fell by another more than 5% to a closing price of CZK 90. The sellers gradually satisfied the purchase orders, or the title ended in a situation where the best buy order was at a price of CZK 85. In addition to only 10 shares… In total, 766 FOOTSHOP shares were traded during the week.
M&T 1997 before dividend
For a little over a year, shares of designer door hardware M&T 1997 (hereinafter referred to as M&T) have been listed on the Prague Stock Exchange on the START market. Business
founded and controlled by former football player Ivo Ulich, most recently at the spring START Day confirmed this year’s economic outlook, which in terms of net profit also indicates a possible surpassing of the record economy from 2021. However, as we described in the spring, the entry into the market, which was not quite optimally accounted for, delayed the payment of the expected dividend for last year. The shareholders are to receive it in a somewhat abrupt way only this autumn, when it is to be done in the form of an advance from the profit from this year’s profit for the 1st half of the year. CZK 1,250 was announced.
However, M&T shares are hardly traded. This year, only 8 trades took place on the Prague Stock Exchange. And the last one from Thursday, when coincidentally the exact same one happened on the RM-Systém exchange, also appeared in the regulatory report. In relation to stock transactions, the hitherto unknown company GODENSE s.r.o. announced the purchase of 2 M&T shares for a total of 66,000. CZK. The mentioned deals took place at a rate of 33 thousand. CZK, i.e. for the same as the last one from mid-July.
Reporting the transaction to the CNB from parties GODENSE does not mention the reason, namely the legal relationship with the hardware manufacturer. However, according to our findings business creates websites for M&T, i.e. an e-shop. So, to a certain extent, he can see into the company’s business…
In conclusion, it can be mentioned that the issue on the START market is awaiting a change in trading from September. The size of orders will no longer be limited by the specified lot for individual titles, when it is possible to trade even with 1 piece. At the same time, similar to the main or secondary market of the Prague Stock Exchange, it will now be traded throughout the day as part of continuous trading and not as before in the “noon” auction.
Jiří Zendulka
Jiří Zendulka has been involved in finance since the days of coupon privatization, so for 30 years. He worked in various positions at stockbrokers, in order to establish himself as an analyst. He has been presenting his views in the media for a long time. A follower of the traditional values of capitalism, or on the contrary, a critic of most non-standard interventions in economies by governments and central banks.
2023-08-19 16:41:04
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