As of June, Fondul’s NAV reached RON 11.43bn (+12.7% YoY).
According to the latest NAV report (30 June 2021), Fondul reported a total NAV of RON 11.43bn (EUR 2.32bn), which translates into a NAV per share of RON 1.9309 (EUR 0.3919).
When comparing it to the same period last year, their total NAV recorded an increase of 12.7%, while NAV per share is up by 23.6% YoY.
On a MoM basis, NAV increased by 4.95%, while NAV per share is up by 5.18%.
Fondul Proprietatea’s portfolio structure remains largely oriented towards the power utilities generation sector (52.84% of NAV) and oil and gas sector (14.74% of NAV), which is why the two largest holdings, Hidroelectrica and OMV Petrom account for 67.58% of the total NAV.
In terms of the Fund’s portfolio structure, unlisted equities make up the majority, accounting for 74.37%, which represents an increase of 4.36 p.p. YoY. Listed equities follow with 17.04% (-6.12 p.p. YoY), while net cash and receivables account for 8.59% of the structure (+1.76 p.p. YoY).
When observing the share’s price performance, the company’s share price increased by 6.94% MoM, reaching RON 1.8500 in June.
The discount to NAV per share currently stands at 2.64%.