Here you can find the dates for the upcoming events of the regional companies.

Due to the nature of these events, they are subject to change (might be postponed or canceled).

Today, we decided to present you with a brief overview of SBITOP constituents’ free float.

In our analysis we considered free float to equal all individual shareholdings lower than 5%, while pension funds and UCITS funds were considered as free float regardless of their shareholding percentage.

Free Float of SBITOP Constituents (%)

Among the SBITOP constituents, five of them have a free float higher than 50%, while the other five constituents are still mostly held by a small group of majority shareholders. Of the constituents, Salus and Krka have by far the highest free float amounting to 84.1% and 73.1%, respectively. On the other hand, Luka Koper, Telekom Slovenije, Sava Re and Triglav have less than 50% of free float. Unior and Luka Koper have a free float of 42.8% and 37.9%, respectively. They are followed by Telekom Slovenije with a free float of 31.9%, and Triglav being the last on the list with a free float amounting to 30.7%.

Comparing both medians and mean of the free float of CROBEX and SBITOP constituents, as main indices on ZSE and LJSE, a similar situation occurs. Free float of SBITOP constituents median amounts to 50.8%, while CROBEX median for the same parameter amounts to 44.7%. Meanwhile, the mean for SBITOP constituents amounts to 52.5%, while the mean for CROBEX amounts to a slightly lower number of 46.4%. The important thing to stress out is that the data range for CROBEX constituents is wider and has a higher deviation than the data range for SBITOP constituents, which shouldn’t come as a surprise as CROBEX has more constituents within the index itself.

We should emphasize that the Prime market is the most demanding market on the Ljubljana Stock Exchange regarding the requirements set before the issuer. It is worth noting that it requires the issuer to fulfill additional liquidity criteria, which will result in greater volume, a higher number of trades and therefore reducing “hidden” costs (like high bid-ask spread resulting from illiquidity).

In December, passenger car registration in the EU increased by 12.8% YoY, totaling 896,967 units. Meanwhile, in the whole of 2022, EU registration of new cars decreased by 4.6% YoY. In Croatia in the mentioned period, passenger car registration reported a slightly lower decrease of 4.4% YoY, while only in December an increase of 10.1% YoY was noted.

In December 2022, passenger car registration in the EU increased by 12.8% YoY, totaling 896,967 units. The most significant increase reported in the EU by far was in Germany, where the reported increase amounted to 86.7k units, representing a 38.1% YoY increase. Germany is followed by Italy, where an 18.2k unit increase can be noted (+21% YoY). Furthermore, Spain, which can be considered a major and significant region reported a decrease of 12.2k units (-14.1%), while France, also a significant region, remained flat with just a slight 0.1% YoY decrease in December.

When observing the whole of 2022 (January – December), the situation is relatively different – EU registration of new cars decreased by 4.6% YoY, reaching 9.3m units registered in total. EU new car registration remained in the negative territory, as recent improvements were not enough to offset cumulated losses this year. When observing the whole period, Italy and France, both considered the major market, reported the highest decrease of 9.7% and 7.8% YoY, respectively, with total car registration amounting to 1.3m and 1.5m units (decreasing by 141.3k and 130k units). A decrease in another major market, Spain further amplified this decrease. Spain reported a decrease of 5.4% YoY, which is a decrease of 46.1 units of cars registered. On the other side, Germany reported a slight increase of 1.1% YoY in the mentioned period with an increase of 29.3k units.

Looking at the region, when observing the whole period since the beginning of the year, Croatia reported a decrease of 4.4% YoY, amounting to 42.9k units registered. Looking at data only for December, Croatia reported an increase of 10.1% YoY, amounting to 2.7k units registered. Slovenia reported a somewhat worse situation – when observing the whole of 2022, Slovenia reported a decrease of 14.2% with 46.4k units total.