ELANA Fund Management is one of the first and largest asset managers in Bulgaria, managing over 20 million Euros in assets for over 2,400 investors. It offers 8 mutual funds across different investment strategies and asset classes. ELANA is among the top 3 players in the Bulgarian mutual funds market and has received numerous awards for its funds and investment performance. It is part of the larger ELANA Financial Holding group, which provides an array of financial services and has been a leading financial player in Bulgaria for 20 years.
Parker is the world's leading manufacturer of motion and control technologies. In 2006, Parker achieved record financial results including $9.4 billion in sales, a 16.3% increase over 2005. Net income increased 19.7% to $638.3 million. Cash flow from operations reached a record $954.6 million. Parker's diversification across hundreds of markets, 57,000 employees, and 417,000 customers helps drive consistent growth and mitigate risks from economic cycles.
The document provides an outline for a technical analysis training on November 12, 2009 presented by Haryajid Ramelan. It includes an introduction to technical analysis, fundamentals versus technical analysis, Dow theory, trends and their uses, accumulation and distribution, support and resistance, Fibonacci numbers, patterns, and tips for investors. The training will cover technical analysis concepts, charts, indicators, and how to evaluate market conditions and investment performance.
ACG European Capital Tour: Investing pitfalls / lessons learned and big succe...ACGEU
The document summarizes a presentation by Alvarez & Marsal on opportunities in the European market. It discusses 1) the current state of the European sovereign debt crisis and its impact on private equity and distressed markets, 2) middle market opportunities including financial institutions selling non-performing assets and distressed debt investing, and 3) potential pitfalls for private equity investors to avoid. The presentation also reviews M&A trends and outlook by country and sector. Key takeaways are the availability of portfolio and corporate carve-out deals, and the need for private equity investors to thoroughly understand business fundamentals and have contingencies planned.
1. The document provides an overview of PT. Sarijaya Permana Sekuritas, a securities company in Yogyakarta, Indonesia. It discusses how the stock market works, price behavior, and buying and selling of stocks.
2. Technical analysis charts and indicators are presented for several stocks, including daily price and volume data. Common chart patterns like double tops, head and shoulders, and triangles are also explained.
3. Trading strategies are outlined for identifying buy and sell signals based on trend analysis, price breaks, and the use of moving averages and oscillators.
Tech Data Corporation reported record financial results for the fiscal year ended January 31, 2000. Net sales grew to $17 billion while net income exceeded $127 million. Tech Data's e-commerce business doubled to over $500 million in sales and their online transaction volume grew substantially. Tech Data positioned itself as a leader in business-to-business e-commerce and outsourcing services for technology vendors and resellers.
www. parker.com/aboutus With annual sales exceeding $13 billion in fiscal year 2012, Parker Hannifin is the world’s leading diversified manufacturer of motion and control technologies and systems. Strong competitive advantages, a clear strategy and goals, consistent execution and performance, and many opportunities for growth, have allowed the company to consistently deliver strong shareholder returns. Parker has increased its annual dividends paid to shareholders for 56 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index.
Parker is the world's leading manufacturer of motion and control technologies. In 2006, Parker achieved record financial results including $9.4 billion in sales, a 16.3% increase over 2005. Net income increased 19.7% to $638.3 million. Cash flow from operations reached a record $954.6 million. Parker's diversification across hundreds of markets, 57,000 employees, and 417,000 customers helps drive consistent growth and mitigate risks from economic cycles.
The document provides an outline for a technical analysis training on November 12, 2009 presented by Haryajid Ramelan. It includes an introduction to technical analysis, fundamentals versus technical analysis, Dow theory, trends and their uses, accumulation and distribution, support and resistance, Fibonacci numbers, patterns, and tips for investors. The training will cover technical analysis concepts, charts, indicators, and how to evaluate market conditions and investment performance.
ACG European Capital Tour: Investing pitfalls / lessons learned and big succe...ACGEU
The document summarizes a presentation by Alvarez & Marsal on opportunities in the European market. It discusses 1) the current state of the European sovereign debt crisis and its impact on private equity and distressed markets, 2) middle market opportunities including financial institutions selling non-performing assets and distressed debt investing, and 3) potential pitfalls for private equity investors to avoid. The presentation also reviews M&A trends and outlook by country and sector. Key takeaways are the availability of portfolio and corporate carve-out deals, and the need for private equity investors to thoroughly understand business fundamentals and have contingencies planned.
1. The document provides an overview of PT. Sarijaya Permana Sekuritas, a securities company in Yogyakarta, Indonesia. It discusses how the stock market works, price behavior, and buying and selling of stocks.
2. Technical analysis charts and indicators are presented for several stocks, including daily price and volume data. Common chart patterns like double tops, head and shoulders, and triangles are also explained.
3. Trading strategies are outlined for identifying buy and sell signals based on trend analysis, price breaks, and the use of moving averages and oscillators.
Tech Data Corporation reported record financial results for the fiscal year ended January 31, 2000. Net sales grew to $17 billion while net income exceeded $127 million. Tech Data's e-commerce business doubled to over $500 million in sales and their online transaction volume grew substantially. Tech Data positioned itself as a leader in business-to-business e-commerce and outsourcing services for technology vendors and resellers.
www. parker.com/aboutus With annual sales exceeding $13 billion in fiscal year 2012, Parker Hannifin is the world’s leading diversified manufacturer of motion and control technologies and systems. Strong competitive advantages, a clear strategy and goals, consistent execution and performance, and many opportunities for growth, have allowed the company to consistently deliver strong shareholder returns. Parker has increased its annual dividends paid to shareholders for 56 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index.
We are alive! Now what? by Kārlis CērbulisRoberts Zīle
Brilliant and professional look at the current economical situation of Latvia. Kārlis Cērbulis is one of the bright economical minds in Latvia and collegue of mine in the economist association "EA2010" Enjoy!
- The document was the earnings call transcript from Quepasa Corporation for the first quarter of 2012, discussing key metrics and financial results.
- Registered users, visits, and pageviews all continued to increase quarter-over-quarter. Adjusted EBITDA was $672,937 for Q1 2012 compared to $10,430 in Q1 2011.
- Management highlighted continued growth in the company's core social networking platform, which was being rebranded from myYearbook to MeetMe.
This document is Fiserv's 2005 annual report. It highlights the company's financial performance for the year, including 9% revenue growth to $4.059 billion and 16% growth in net income to $440 million. It discusses the company's strengths in leadership in key areas like technology, markets, service excellence, and products. It provides an overview of the company's strategic focus, goals for 2006, and biggest challenges. It also includes interviews with the CEO Jeffery Yabuki where he discusses his leadership philosophies and plans for Fiserv.
The document summarizes research from the Centre for Management Buyout Research on the impact of private equity investors on portfolio companies. Some key findings include:
1) Buyouts generally improve operating profitability and productivity compared to non-buyouts in the first few years. However, more recent public-to-private deals have not shown as high returns.
2) Private equity backing leads to refocusing, divestment, and higher entrepreneurial actions like new product development compared to non-buyouts. This drives improved growth and investment.
3) Active private equity firm monitoring and experienced industry-focused boards play an important role in creating value through strategy development and timely restructuring of distressed firms.
HQ Bank has experienced volume driven growth in its credit portfolio over the past 9 months of 2008. While the portfolio increased 8% in local currencies, bad debt provisions increased in several markets. The bank has a well balanced portfolio that is diversified across exposure levels, geographic areas, and products. It maintains a conservative refinancing policy and manages risks through matched funding and credit risk management.
Northern Virginia Loudoun County Housing MarketBetty Plashal
This document summarizes housing market statistics for Loudoun County in December 2010. It shows that while the number of units sold increased slightly from the previous month, total units sold was down 17% from December 2009. Active housing inventory declined 11% from the previous year. The median home sale price rose 1% compared to the prior year to $355,000, though it was 4% lower than the previous month.
Vertical format for trading account, profit and loss account & balance sheetSAITO College Sdn Bhd
1) The document provides a trial balance, adjustments, and additional financial statements for ACE Trading for the year ended 2005.
2) It includes a trial balance, adjustments, trading account, profit and loss statement, and balance sheet.
3) The balance sheet shows total assets of RM122,200 consisting of fixed assets, current assets and closing capital of RM67,500, with current and long term liabilities making up the remaining balance.
Detroit Work Project - Short Term Presentationstranflow
The document summarizes two studies conducted as part of the Detroit Works Project to analyze neighborhood conditions across Detroit: a Residential Physical Conditions Analysis and a Market Analysis. It identifies several typologies of neighborhoods based on indicators like household change, vacant land, housing vacancy rates, and housing conditions. The analyses aim to inform short-term strategies tailored to the realities of each neighborhood in order to stabilize housing prices, restore confidence, and attract residents and investment to Detroit.
Presentation by Mr Kārlis Cerbulis, economics expert, Senior Vice President, NCH Advisors Inc. Baltic States at EP ECR group meeting in Riga, Latvia on September, 2010.
120511 iasi danuabe survey - Mr Orhan IbramRESTORE
This document provides a preliminary assessment of the community structure of phytoplankton, zooplankton, and aquatic macroinvertebrates in restored and natural aquatic habitats in the Danube Delta. The study found that phytoplankton and zooplankton communities were similar between natural and restored areas, while diversity indices for aquatic macroinvertebrates were significantly higher in natural lakes. Over time, restored areas showed increasing diversity of phytoplankton and zooplankton species. However, one year of data was not sufficient to make definitive conclusions, and future studies should analyze diversity in other habitat types like channels that dominate restored areas.
Mergers & Acquisitions activity in Vietnam hit a new record in 2011. The number of deals increased slightly to 413 transactions (+7%) while the value more than doubled to $4.7 billion (+103%). National deals made up most transactions (77%), while foreign acquisitions accounted for most value (66%). By industry, deals were most numerous in industrials, consumer goods, and materials but financials, media & entertainment, and consumer goods saw the highest values. The largest deal was between two Vietnamese companies while other top deals involved foreign acquirers from Japan, the Netherlands, South Korea, and the US.
The 2003 annual report summarizes Fiserv's financial performance for the year. Some key highlights include:
- Processing and services revenues increased 22% to $2.7 billion.
- Net income grew 18% to $315 million.
- Diluted earnings per share rose 18% to $1.61.
- Cash flow from operations increased 16% to $598.1 million.
- The number of employees grew 12% to 21,700 and number of clients increased 15% to 15,000.
The document defines the key variables that determine supply and demand. It shows that supply and demand depend on price, income, prices of related goods, and other factors. Graphs and tables demonstrate how supply and demand schedules work, and how equilibrium price and quantity are reached at the point where the two schedules intersect.
1) Scania reported record earnings in the first half of 2008, with operating margin reaching 16.6% and net margin at 12.1%.
2) Scania is pursuing profitable growth through increasing vehicle and service sales. Revenue grew 15% while EBIT grew 30% in the first half of 2008.
3) Scania's vision is to reach annual production of 150,000 vehicles while maintaining a flexible cost structure and focus on customer productivity and uptime.
Citrix XenServer is a free enterprise-class server virtualization platform that provides advanced virtualization management and automation capabilities through Citrix Essentials for XenServer. It allows for centralized management of virtual infrastructure and workloads across physical servers. Key benefits include consolidation of servers for improved efficiency, flexibility to dynamically respond to business needs, and business continuity through high availability and disaster recovery.
The document discusses plans to pivot the APStartup social network for entrepreneurs into a new platform called CrowdRound.bz based in Belize. It will facilitate international crowdfunding for startups. CrowdRound.bz will take a 10% equity stake in startups in exchange for helping them raise early funding. It will create a special purpose vehicle (SPV) company in Belize for each startup, issue shares in the SPV to investors, and sell up to 50 shares to crowdfunding investors internationally. This offshore structure is meant to simplify regulations compared to different jurisdictions.
This document summarizes an interim report from a company for the first three quarters of 2008:
- Profits were at an all-time high with an operating margin of 15.8% and high returns. Revenue also grew 11% with EBIT growth of 25% and ROCE of 50.5%.
- Vehicle deliveries increased 4% while delivery times shortened. The service business also grew, capitalizing on the substantial vehicle population.
- Strong EBIT growth was driven by higher volumes, prices, and improved product mix. Cash flow increased but tied-up working capital grew due to volume and inventory increases.
- The financial services portfolio grew 8% in local currencies while bad debt provisions increased
The CVA credential is a mark of excellence for volunteer management professionals that is granted by the Council for Certification in Volunteer Administration. It involves passing an exam testing core competencies like ethics, organizational management, and leadership. Candidates must have 3 years of relevant experience. Maintaining certification requires earning professional development units over 5 years. The credential aims to be generic, performance-based, and developed by peers in the field.
A mobile learning presentation given at the Aviation Industry CBT Committee meeting in Louisville, KY in September 2008.
www.aicc.org
www.hybrid-learning.com
A história conta a busca de uma quadradinha por um noivo adequado. Ela rejeita os primeiros pretendentes, um triângulo arrogante e um círculo tímido. O retângulo quase atende aos seus desejos, mas é o quadrado perfeito que se torna seu marido. Eles se casam e vivem felizes para sempre com seus filhos quadrados.
We are alive! Now what? by Kārlis CērbulisRoberts Zīle
Brilliant and professional look at the current economical situation of Latvia. Kārlis Cērbulis is one of the bright economical minds in Latvia and collegue of mine in the economist association "EA2010" Enjoy!
- The document was the earnings call transcript from Quepasa Corporation for the first quarter of 2012, discussing key metrics and financial results.
- Registered users, visits, and pageviews all continued to increase quarter-over-quarter. Adjusted EBITDA was $672,937 for Q1 2012 compared to $10,430 in Q1 2011.
- Management highlighted continued growth in the company's core social networking platform, which was being rebranded from myYearbook to MeetMe.
This document is Fiserv's 2005 annual report. It highlights the company's financial performance for the year, including 9% revenue growth to $4.059 billion and 16% growth in net income to $440 million. It discusses the company's strengths in leadership in key areas like technology, markets, service excellence, and products. It provides an overview of the company's strategic focus, goals for 2006, and biggest challenges. It also includes interviews with the CEO Jeffery Yabuki where he discusses his leadership philosophies and plans for Fiserv.
The document summarizes research from the Centre for Management Buyout Research on the impact of private equity investors on portfolio companies. Some key findings include:
1) Buyouts generally improve operating profitability and productivity compared to non-buyouts in the first few years. However, more recent public-to-private deals have not shown as high returns.
2) Private equity backing leads to refocusing, divestment, and higher entrepreneurial actions like new product development compared to non-buyouts. This drives improved growth and investment.
3) Active private equity firm monitoring and experienced industry-focused boards play an important role in creating value through strategy development and timely restructuring of distressed firms.
HQ Bank has experienced volume driven growth in its credit portfolio over the past 9 months of 2008. While the portfolio increased 8% in local currencies, bad debt provisions increased in several markets. The bank has a well balanced portfolio that is diversified across exposure levels, geographic areas, and products. It maintains a conservative refinancing policy and manages risks through matched funding and credit risk management.
Northern Virginia Loudoun County Housing MarketBetty Plashal
This document summarizes housing market statistics for Loudoun County in December 2010. It shows that while the number of units sold increased slightly from the previous month, total units sold was down 17% from December 2009. Active housing inventory declined 11% from the previous year. The median home sale price rose 1% compared to the prior year to $355,000, though it was 4% lower than the previous month.
Vertical format for trading account, profit and loss account & balance sheetSAITO College Sdn Bhd
1) The document provides a trial balance, adjustments, and additional financial statements for ACE Trading for the year ended 2005.
2) It includes a trial balance, adjustments, trading account, profit and loss statement, and balance sheet.
3) The balance sheet shows total assets of RM122,200 consisting of fixed assets, current assets and closing capital of RM67,500, with current and long term liabilities making up the remaining balance.
Detroit Work Project - Short Term Presentationstranflow
The document summarizes two studies conducted as part of the Detroit Works Project to analyze neighborhood conditions across Detroit: a Residential Physical Conditions Analysis and a Market Analysis. It identifies several typologies of neighborhoods based on indicators like household change, vacant land, housing vacancy rates, and housing conditions. The analyses aim to inform short-term strategies tailored to the realities of each neighborhood in order to stabilize housing prices, restore confidence, and attract residents and investment to Detroit.
Presentation by Mr Kārlis Cerbulis, economics expert, Senior Vice President, NCH Advisors Inc. Baltic States at EP ECR group meeting in Riga, Latvia on September, 2010.
120511 iasi danuabe survey - Mr Orhan IbramRESTORE
This document provides a preliminary assessment of the community structure of phytoplankton, zooplankton, and aquatic macroinvertebrates in restored and natural aquatic habitats in the Danube Delta. The study found that phytoplankton and zooplankton communities were similar between natural and restored areas, while diversity indices for aquatic macroinvertebrates were significantly higher in natural lakes. Over time, restored areas showed increasing diversity of phytoplankton and zooplankton species. However, one year of data was not sufficient to make definitive conclusions, and future studies should analyze diversity in other habitat types like channels that dominate restored areas.
Mergers & Acquisitions activity in Vietnam hit a new record in 2011. The number of deals increased slightly to 413 transactions (+7%) while the value more than doubled to $4.7 billion (+103%). National deals made up most transactions (77%), while foreign acquisitions accounted for most value (66%). By industry, deals were most numerous in industrials, consumer goods, and materials but financials, media & entertainment, and consumer goods saw the highest values. The largest deal was between two Vietnamese companies while other top deals involved foreign acquirers from Japan, the Netherlands, South Korea, and the US.
The 2003 annual report summarizes Fiserv's financial performance for the year. Some key highlights include:
- Processing and services revenues increased 22% to $2.7 billion.
- Net income grew 18% to $315 million.
- Diluted earnings per share rose 18% to $1.61.
- Cash flow from operations increased 16% to $598.1 million.
- The number of employees grew 12% to 21,700 and number of clients increased 15% to 15,000.
The document defines the key variables that determine supply and demand. It shows that supply and demand depend on price, income, prices of related goods, and other factors. Graphs and tables demonstrate how supply and demand schedules work, and how equilibrium price and quantity are reached at the point where the two schedules intersect.
1) Scania reported record earnings in the first half of 2008, with operating margin reaching 16.6% and net margin at 12.1%.
2) Scania is pursuing profitable growth through increasing vehicle and service sales. Revenue grew 15% while EBIT grew 30% in the first half of 2008.
3) Scania's vision is to reach annual production of 150,000 vehicles while maintaining a flexible cost structure and focus on customer productivity and uptime.
Citrix XenServer is a free enterprise-class server virtualization platform that provides advanced virtualization management and automation capabilities through Citrix Essentials for XenServer. It allows for centralized management of virtual infrastructure and workloads across physical servers. Key benefits include consolidation of servers for improved efficiency, flexibility to dynamically respond to business needs, and business continuity through high availability and disaster recovery.
The document discusses plans to pivot the APStartup social network for entrepreneurs into a new platform called CrowdRound.bz based in Belize. It will facilitate international crowdfunding for startups. CrowdRound.bz will take a 10% equity stake in startups in exchange for helping them raise early funding. It will create a special purpose vehicle (SPV) company in Belize for each startup, issue shares in the SPV to investors, and sell up to 50 shares to crowdfunding investors internationally. This offshore structure is meant to simplify regulations compared to different jurisdictions.
This document summarizes an interim report from a company for the first three quarters of 2008:
- Profits were at an all-time high with an operating margin of 15.8% and high returns. Revenue also grew 11% with EBIT growth of 25% and ROCE of 50.5%.
- Vehicle deliveries increased 4% while delivery times shortened. The service business also grew, capitalizing on the substantial vehicle population.
- Strong EBIT growth was driven by higher volumes, prices, and improved product mix. Cash flow increased but tied-up working capital grew due to volume and inventory increases.
- The financial services portfolio grew 8% in local currencies while bad debt provisions increased
The CVA credential is a mark of excellence for volunteer management professionals that is granted by the Council for Certification in Volunteer Administration. It involves passing an exam testing core competencies like ethics, organizational management, and leadership. Candidates must have 3 years of relevant experience. Maintaining certification requires earning professional development units over 5 years. The credential aims to be generic, performance-based, and developed by peers in the field.
A mobile learning presentation given at the Aviation Industry CBT Committee meeting in Louisville, KY in September 2008.
www.aicc.org
www.hybrid-learning.com
A história conta a busca de uma quadradinha por um noivo adequado. Ela rejeita os primeiros pretendentes, um triângulo arrogante e um círculo tímido. O retângulo quase atende aos seus desejos, mas é o quadrado perfeito que se torna seu marido. Eles se casam e vivem felizes para sempre com seus filhos quadrados.
Archaeologists have discovered evidence of human habitation at a site in England dating back over 10,000 years. Artifacts found at the site include stone tools, animal bones, and ceramic fragments. Analysis of these artifacts and the geological layers they were found in will help researchers better understand how humans used the landscape and adapted to environmental changes over thousands of years.
This document provides details about a 14-day group tour package in India focused on creativity, spirituality, and self-discovery. The itinerary includes visits to Delhi, Agra, Ranthambore, Kota, Udaipur, Ranakpur, Pushkar, Jaipur, and activities such as meditation, yoga, cooking lessons, safaris, massage, wedding attendance, dance lessons, elephant interactions, and museum visits. Contact information is provided for several tour companies and travel partners involved in organizing the experience.
A short slideshow on the use of social capital in one of the Puerto Rican Cultural Center's programs at the American Public Health Association Conference in 2003
The document discusses the changing role of librarians from quiet repositories of knowledge to active partners in instruction through collaborations with teaching faculty. It notes that while some have been slow to embrace this new role of "teaching librarians," partnerships between librarians and faculty can enhance student learning and instruction in many ways. Some examples highlighted include librarians assisting with research projects, selecting research topics, term paper clinics, grant writing, and computer-based projects. The document concludes that faculty-librarian evaluations and partnerships that allow open communication can strengthen student learning and are important trends, though still new, that will become tradition over time.
This document outlines an agenda for a workshop on defining the organization structure for Chico Creek Brewery in SAP. The agenda includes reviewing the customer's key business processes in areas like finance, procurement, logistics, sales and production. It also involves defining the appropriate organizational elements in SAP like company codes, controlling areas, profit centers, cost centers, purchasing organizations, plants and storage locations based on the brewery's business processes and reporting needs. The overall goal is to implement SAP R/3 at Chico Creek Brewery to help them run their business processes in a more productive and efficient manner.
ELANA Fund Management corporate presentation - EnglishELANAFH
ELANA Fund Management is one of the first asset managers in Bulgaria, founded in 2002. It offers 7 mutual funds and portfolio management services, with total assets under management of approximately EUR 15 million. ELANA provides services to around 2,400 individual and institutional investors, and is among the top 5 players in the Bulgarian mutual fund market by assets. The company aims to offer a variety of conservative, balanced, and aggressive investment strategies through its mutual funds and savings plans.
SEB Resultatpresentation January September 2008SEBgroup
This document provides an overview of Annika Falkengren's presentation of SEB Group's Q3 2008 results. Key points include:
- Markets were extremely challenging in 2008, negatively impacting SEB's profits, though the underlying customer business remained stable.
- SEB maintained a strong capital position and liquidity despite financial crisis impacts. Impaired loans increased in the Baltic countries.
- Cost cuts and efficiency measures helped offset negative effects from the crisis. Asset quality remained solid overall.
- While profits declined from turmoil, Falkengren emphasized SEB's resilient franchise, strong capital, and focus on customers through the downturn.
AB Inbev saw increases in revenues and profits from 2008-2012, with revenues rising 22% and profits increasing 31% and 16% in certain years. Volumes sold worldwide also increased over the period. The company has a global market share of 36% and its stock price and dividends paid to shareholders rose over time as well.
[Challenge:Future] The creative change of EE economiesChallenge:Future
The document discusses developing a new competitive strategy for the Eastern Europe region. It identifies strengths like education and weaknesses like corruption. It sets criteria for selecting projects in four industries: agriculture, energy, IT services, and tourism. The criteria are solutions that have the highest impact, are affordable, and can be implemented by 2022. The document also shows positive correlations between foreign direct investment and GDP growth in Eastern European countries.
Barco is a global technology company that provides visualization solutions worldwide, including for control rooms, digital cinema, and virtual reality. The document analyzes Barco's financial performance based on income statements, share prices, financial metrics like EBITDA, and capital expenditures from 2009 to estimated 2014. It concludes that Barco has achieved good profits, finance health, increasing sales and operating income, and positive share price evolution in recent years.
Barco is a global technology company that provides visualization solutions worldwide, including for control rooms, digital cinema, and virtual reality. The document analyzes Barco's financial performance based on income statements, share prices, financial metrics like EBITDA, and capital expenditures from 2009 to estimated 2014. It concludes that Barco has achieved good profits, finance health, increasing sales and operating income, and positive share price evolution in recent years.
Barco is a global technology company that provides visualization solutions worldwide, including for control rooms, digital cinema, and virtual reality. The document analyzes Barco's financial performance based on income statements, share prices, financial metrics like EBITDA, and capital expenditures from 2009 to estimated 2014. It concludes that Barco has achieved good profits, finance health, increasing sales and operating income, and positive share price evolution in recent years.
Deutsche EuroShop is Germany's only public company that invests solely in shopping centers. It owns 19 shopping centers in Germany, Poland, Austria and Hungary. The company focuses on long-term growth and stable increases in portfolio value. Key figures for the first 9 months of 2011 show a 29% increase in both revenue and earnings before interest and taxes compared to the same period in 2010.
Prospects and Challenges for the Global Economy and the MENA RegionIMF
The global economic outlook has weakened, with downside risks increasing. For the Middle East and North Africa (MENA) region, 2012 will be difficult for oil importing countries, with strains on macroeconomic stability. Reforms are needed across MENA to support inclusive growth and job creation going forward.
http://www.pwc.fr/ipo-watch-europe-survey-q4-2012.html
La valeur des introductions en bourse en Europe a bondi de plus de 700 % sur un an au quatrième trimestre 2012, atteignant un niveau inégalé depuis le 3ème trimestre 2011, durant lequel avaient été enregistrées 121 introductions pour un montant de 9,3 milliards d’euros. Au 4ème trimestre 2012, 70 introductions en bourse ont permis de lever 7,5 milliards d’euros, contre 78 introductions et 0,9 milliard d’euros un an plus tôt.
Deutsche EuroShop achieved its financial goals for 2009 despite challenging economic conditions. Revenue was €127.6 million, meeting the forecast range, and funds from operations increased 10% to €54.8 million. The occupancy rate remained stable at a high 99.3%. Net asset value per share increased to €26.63. While shares performed below peers in 2009, the long-term development remains favorable. Financing availability will be important for tenants and the retail sector in coming years as the property market recovers.
ELANA Trading is a Bulgarian brokerage firm established in 1997 that provides brokerage services in Bulgaria and abroad. It is part of ELANA Financial Holding, one of the largest non-banking financial groups in Bulgaria with 20 years of history. ELANA Trading maintains a leading market position in Bulgaria, with approximately 10% market share and as the number two broker by number of deals on the Bulgarian Stock Exchange. It provides services such as trading on global financial markets through online platforms and investment banking.
ELANA Investment was founded in 1999 to provide expertise on EU funding and support Bulgarian businesses and municipalities. It has since helped over 500 clients secure over 200 million BGN in EU funds for investments. Some key accomplishments include over 150 successful projects securing 140 million BGN in structural funds and managing Bulgaria's first Phare technical assistance project. The company provides consultation services to applicants throughout the investment project cycle.
ELANA Trading is a leading Bulgarian investment firm founded in 1991. It is part of ELANA Financial Holding, one of the largest non-banking financial groups in Bulgaria, and offers services including stock trading, investment banking, asset management, and research. ELANA Trading has consistently maintained a top three market share on the Bulgarian Stock Exchange for over 17 years and has received numerous awards for its services and products.
ELANA Trading is a Bulgarian investment firm founded in 1991 that provides brokerage, investment banking, asset management, and research services. It has maintained a top three market position in Bulgaria for 17 years and has 10% market share on the Bulgarian Stock Exchange. ELANA Trading is part of ELANA Financial Holding, one of the largest non-banking financial groups in Bulgaria, and offers services such as equity trading, online trading, currency and derivative trading, fixed income, investment banking, and research and analysis.
2. ELANA Fund Management: Highlights
q One of the first asset managers in Bulgaria founded 2002.
q Offers 8 mutual funds and management of individual portfolios covering all types of
investment strategies, including a KBC Asset Management capital-protected fund designed
especially for the Bulgarian market.
q T otal assets under management – approx. EUR 20 mln (30 June 2011).
q Provides service to approx 2400 institutional and individual investors.
q ELANA Fund Management is among the top 3 players by AUM on the Bulgarian mutual funds
market following OTP-owned DSK Asset Management and Raiffeisen Asset Management.
q ELANA Fund Management is a member of the Bulgarian Association of Asset Managers.
3. Recognition
q ELANA Fund Management was awarded The Asset Manager of the Year four years in a
row (2006, 2007, 2008, 2009) within the annual ranking of The Banker Weekly.
q ELANA Money Market Fund wrapped up 2010 with the highest annual return among low-
risk funds (8.56%) and for 2008 was the Bulgarian fund with the best annual return
(7.6%).
q ELANA Money Market Fund was awarded Business New Europe 2009 Best Fixed Income
Fund among funds investing in CEE and CIS.
q ELANA Money Market Fund was awarded Investment Product 2007 at the International
Financial Exhibition Banks, Investment, Money 2008 and wrapped up 2008.
q ELANA Fund Management got the award Financial Product of the Year for its first mutual
fund ELANA Eurofund at the International Financial Exhibition Banks, Investments, Money
(2003).
4. ELANA Mutual Funds
Conservative investment strategy Moderate investment strategy
ELANA Eurofund (founded 2009) ELANA Balanced $ Fund (founded 2006)
Low-risk fund in EUR The first mutual fund in USD on the market
Balanced fund in USD.
ELANA Dollar Fund (founded 2008) ELANA Balanced € Fund (founded 2005)
Low-risk fund in US dollars. Balanced fund in EUR and BGN
Aggressive investment strategy
Money Market Fund
ELANA High Yield Fund (founded 2005)
ELANA Money Market Fund (founded 2007)
Equity fund in BGN .
Money market fund
Awarded Best Investment Product 2007
The Fund with Best Return Result for 2008 in Bulgaria
(7.6%) ELANA Global Equity Fund (founded 2010)
Awarded BNE 2009 Best Fixed Income Fund in CEE and
CIS Global equity fund in EUR.
Best return result among low-risk funds for 2010 in
Bulgaria (8.56%) Capital-protected Fund
Horizon Commodity 1 (founded 2008)
ELANA is the distributor and promoter of the fund for the
Bulgarian market on behalf of KBC Asset Management.
Launch – 9.06.2008; Maturity date – 29.07.2011
5. Bulgarian Mutual Funds Market 2005 - 2011
mln EUR No. funds
Bulgarian Mutual Funds Net Assets 2005 - 2010 mln EUR No of funds on the market
500.00 120
450.00
100 99 99 100
400.00 96 96 98
91 92 93
89
350.00 84
80
75 77 77
300.00
68
250.00 59 60
51
200.00
44
40 40
150.00
100.00 25
20
50.00
0.00 0
Source: BNB , FSC
6. ELANA Funds – Bulgarian Mutual Funds 2005 - 2011
Bulgarian Mutual Funds Net Assets 2005 - 2010 mln EUR
mln EUR mln EUR
ELANA Funds Net Assets 2005 - 2010 in mln EUR
500.00 70
450.00
60
58
400.00
51 50 50
350.00 48
300.00
40 40
250.00 35
30
200.00 28
25 20
23 22 22 21 22 22
150.00 21 21 20 20
100.00
10 10
50.00
0.00 0
Source: BNB , FSC
7. Bulgarian Mutual Fund Market 2011
Bulgarian Mutual Funds Market
Top 5 asset managers - Market shares 30 June 2011
Others; 39.37%
Raiffeisen Asset
Management ;
29.84%
OTP - DSK Asset
Management ;
13.21%
Real Finance Asset
Management ; 4.82% ELANA Fund
Management;
8.19%
CCB Asset
Management; 6.89%
Source: Data from the Bulgarian Association of Asset Managers and the Bulgarian Stock Exchange
8. ELANA Financial Holding
A Family of Leading Market Players:
ELANA Fund Management
q One of the first asset managers in Bulgaria
q 8 mutual funds and individual portfolios management.
ELANA Trading
q The first company in the group
q Brokerage and investment banking services in the lead of the local financial market
ELANA Property Management
q The real estate investment subsidiary which has contributed to the development and transparency of
the Bulgarian agricultural market by founding ELANA Agricultural Land Opportunity Fund REIT (ticker
BSE – 4EC) - the first and the largest Bulgarian fund for investments in agricultural land
ELANA Investment
q A leading expert in consulting Bulgarian business and public administration on funding from EU &
international donor programmes
9. ELANA Group – 20 years of Success
q ELANA is one of the largest non-banking financial groups in Bulgaria and preferred partner to
local and international investors for 20 years already in a range of expertise areas: asset
management, trading on financial markets, investment banking, business consultancy, real estate
investment, renewable energy investment, etc.
q Being one of the first fully licensed investment intermediaries, ELANA also holds the
responsibility for a series of start ups on the Bulgarian market, such as founding one of the first
asset managers and mutual funds, implementing the first bond issue, establishing the first fund
for investing in agricultural land, being selected to be the first private fund manager of a public
financial institution in the country and many other examples that uphold the position of the
company as innovator in finance and investment.
q The diversified business portfolio of the group is structured as follows: financial services are
managed by ELANA Financial Holding and the renewable energy business divisions – within
ELANA Holding.