Fondul Proprietatea trades ex dividend today, the share price is down 6%. The NAV discount is therefore 31%!!! In the past FP traded up quickly post dividend.
Positive news this year:
– another buyback approved
– Paul Singer, the largest FP investor, is increasing its role in the FP management
– FP shares are now trading in London (can be bough on IB)
– Hydroelectrica posting record profits
The link to the latest fact sheet: