Romcab and Prebet debut on Monday on the Bucharest Stock Exchange main market.
The power cords and electric wiring manufacture Romcab Targu Mures (MCAB) and the precast concrete manufacturer Prebet Aiud (PREB) will debut Monday, October 26, 2015, on Bucharest Stock Exchange (BVB) main market. The two companies were previously listed on the Rasdaq market, and they received on Friday, October 23, 2015, the transfer approval from the Bucharest Stock Exchange Board of Governors.
Romcab has a share capital of RON 23.4mn, divided into almost 9.4mn shares. The CEO of the company, Zoltan Prosszer, owns 69% of Romcab shares, while Morgan Stanley & Co. International has 9.5%.
The company had sales revenues of RON 661.7mn (EUR 149mn) in 2014, 42% higher than the value registered in 2013. The profit increased by 19%, to RON 25.4mn (EUR 5.7mn).
In the last 12 months, investors on BVB traded Romcab shares of almost RON 10mn and the price of the shares rose by 48%. The last trade with Romcab shares was conducted at the price of RON 7.68/share, value at which the market capitalization of the company is RON 72mn (EUR 16.2mn).
The precast concrete manufacturer Prebet comes on BVB main market with a market capitalization of almost RON 68mn (EUR 15.3mn), according to the last trading price on the Rasdaq market. Investors traded in the last 12 months, Prebet shares for RON 184,000, and the price decreased by 17%.
Prebet registered in H1 2015 a turnover of RON 10.2mn (EUR 2.3mn), by 36% higher than H1 2014. Also, the company ended the first six months of 2015 with a gross profit of RON 1mn (EUR 227,000).
Prebet has a share capital of RON 8.2mn, divided into 45.5mn shares. The chairman of the Board, Liviu Hagea, owns 31% of the companys’ shares, and the PAS Prebet Association has 15.41%.
Currently there are 83 listed companies on the main market of BVB with a market capitalization of RON 143.7bn (EUR 32.4bn).
