EnglishShares in Comelf - Bistrita (BSE:CMF) have surged 274.28% since the beginning of the year and 120% since last month. CMF shares peaked at 7 RON on June 12th. "Projections for 2007 indicate a 50% increment in the net profit, which is causing intense trading," said Cristian Tudorescu, the head of the Research Department of Vanguard.
"Given the current price, the ratio between capitalization and profit is 25, which is still not overestimated. It"s important to keep an eye on the half-year results to see if the company maintains these profit expectations," Tudorescu added.
Petru Prunea, the CEO of SSIF Broker, believes the current quotation is the result of the significant profits reported by the company. Marius Soimosan from SSIF Romcapital believes the growth in the share price is the result of speculations as only small volumes were traded. "As far as the financial reports indicate, the CMF shares are overestimated," Soimosan said.
The company manufactures extraction tools and construction equipment. The share capital is 13,579,505.2 RON divided into shares with a face value of 0.58 RON. On May 31st, the main shareholder was Uzinsider with 76.64%.
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