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EuroTrans IPO and other company news | November 21, 2023

Today on Moscow Exchange Trading in the new company’s shares will begin after their initial public offering. Ticker EUTR. The IPO price was set at 250 rubles. Initially, it was planned to raise up to 26.5 billion rubles.

EuroTrans is one of the largest independent fuel operators in the Moscow region market.

Sovcomflot (IFRS for the third quarter): Good results were presented, net profit per share for the quarter amounted to 9 rubles. In total, for 9 months, 27 rubles per share were already earned. At the same time, the company intends to adhere to the dividend policy of paying 50% of profits to shareholders. The total yield on interim and final payments may be higher than 14% at current prices.

Aster (IFRS for the third quarter). The dynamics of key indicators for 9 months remains strong, but if we look at the figures for the third quarter only, they do not look strong. However, Astra is characterized by pronounced seasonality, the main results fall in the fourth quarter. The next financial report will be much more important.

Softline: The largest shareholder carried out a transaction to transfer 4.2% of the company’s shares in favor of a large institutional investor, Atalaya LLC. Shares rose 7%.

CYANOGEN: Today the company plans to publish financial results under IFRS for the third quarter.

VUSH Holding: Today there will be a meeting of shareholders. The agenda includes the issue of approving a recommendation for dividends of 10,258 rubles (4.5%).

“This information is for informational purposes only and does not constitute an individual investment recommendation.”

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