Speedy’s (0SP:BU) Acquisitions in Bulgaria and Romania
In the previous post, I wrote about the leading delivery company in Bulgaria and hinted about its acquisition plans. Now – the promised follow-up. Acquisition This March, Speedy (0SP:BU) entered a preliminary agreement to acquire the businesses of Dynamic…
Speedy ($0SP:BU)
Company Founded in 1998 in Plovdiv, Speedy (0SP:BU) is a Bulgarian package delivery company. In a little over a decade, it became the largest private package delivery company and the second largest postal service provider after the ex-monopoly Bulgarian Post….
Fazerles (4F6:BU): Is a 90% Price Drop Enough?
In 1993, Fazerles (4F6:BU) was formed to inherit the old wood-fiber plates (hardboard) plant. The company is the largest hardboard manufacturer in Bulgaria. The results in its best year, 2007, put Fazerles in second place among the largest exporters of…
Change of Owners at Yuri Gagarin (4PX:BU)
Last Tuesday, March 5, I attended the special shareholders’ meeting of Yuri Gagarin (4PX:BU). I wrote two articles about the company last year (one and two). In the second one, I talked about the uneventful special shareholders’ meeting that was…
3 Bulgarian Net-Nets (Almost)
Mekom (MKX) Mekom engages in meat and meat products manufacture and trade. Most of its production is exported, but it also has a solid market share in Bulgaria, where it works with the major supermarkets. Or this was the story…
A-Z of the Bulgarian Stock Exchange (Part 1)
I finally started something I have been planning for a long time – going through all companies listed on the Bulgarian Stock Exchange (BSE). So far I have only gathered summary information available on local financial websites investor.bg and infostock.bg. …
Update: FairPlay ($6F3:BU) and Yuri Gagarin ($4PX:BU)
First a disappointment, FairPlay, the REIT I wrote about, posted lower-than-expected distributable income for the year – BGN 1.9m against a December forecast of 2.45m and a May forecast of 3.7m. Being off by 50% midyear and by 25% with…
Will FairPlay ($6F3:BU) Live up to Its Name
A 90% price drop doesn’t immediately make a company cheap, but it definitely makes it worth a look. I lifted this idea from fellow value investor @DPBakalov, who also tipped me about Yuri Gagarin, which I wrote up previously. But…
Yuri Gagarin ($4PX:BU) Special Shareholders’ Meeting
Today, I attended my first shareholders’ meeting. It was the special shareholders’ meeting of Yuri Gagarin ($4PX:BU) – the company I wrote up a month ago. I bought just one share for the purpose of attending this meeting and more…
Economic Indicators for Bulgaria & Bulgaria Stock Exchange Basics
This will be a short, general post on Bulgaria and its stock exchange. Bulgaria Bulgaria is an Eastern European country of 7.4 million, bordering on Romania (north), the Black Sea (east), Turkey (southeast), Greece (south), Macedonia (southwest), Serbia (west). It…