Podgorica – London fund “Monte Cristo capital” at the moment is the biggest foreign investor on Montenegrin market of funds.
Brits in the last several months have invested about 7 millions of euros, of which most of that was for the purchase of stocks of Eurofond, in which they already have 3.7% of property.
Eurofond which is controlled by Podgorica businessman Veselin Barovic, on the market is worth 150 millions of euros, that is 55 cents per stock (2.750 euros per stock bond).
Gross value of the fund, when the values of the stocks of the companies from its portfolio are added, is at the moment above 300 millions of euros.
Monte Cristo capital which from the very starts in Montenegro has been investing through Holder broker, is now already the 5th biggest stockholder of Eurofond.
Individually, the biggest owner of the fund is Euroinvest, Management Company, which runs the fund. Barovic, Vuk Rajkovic, Peter Drasler, Boisa Sotra and others founded Euroinvest.
Eurofond according to all indicators is the best fund in Montenegro. The base of its portfolio is made of six companies in which it is the major owner – in Salt factory “Bajo Sekulic” (77,9%), Izbor Bar (76,7%), Bjelasica Rada (74%), Cetinje tours (82,4%), Srevice import (68,8%), and Andrija Paltasic Kotor (70,7%). Majority of these companies, beside the unused production potentials,, are characterized by the huge property which they own.
Eurofond has significant owner’s shares in Electrical company, about 6%, in Jugopetrol 6,65%, Railroad company 9,86%, Budva Riviera 3,76%, and in Bar Harbor 1,33%.
10 BIGGEST STOCKHOLDERS OF EUROFOND
Branislav Radonjic 5,99%
Rok Campa 4,33%
Veselin Barovic 4,25%
Monte Cristo cpital 3,7%
Roman Drasler 3,21%
Global investment 1,33%