Investment stories

We can properly evaluate the opportunities in publicly traded companies that offer attractive return. Thanks to our unique strategy and excellent know-how we have achieved the above-standard yields, ie by selecting these successful projects.

O2 Czech republic

We took advantage of the growth potential of O2 Czech republic shares and the interesting dividend policy of this stock title. Together with the company shares return to the international MSCI index resulted in the renewed increase of the share price allowing us to exit from the project successfully.

The proportion in O2 shares represented at the time of purchase over 30 % of total assets of the fund. Thus, represented a proportion of 59 % on the increase of equity capital for the period of project implementation. Return of the project was 33 %.
Development of O2 share price for the period of project implementation in CZK.
150 200 250 300 350 400 42016 72016 102016 42017 72017 12017
Evaluation of the project
  • 33%

Unipetrol

We invested in refinery Unipetrol when the market had not yet properly appreciated its positive development. The shares were compressed to an extremely low level due to illegible strategy of a majority shareholder and also as a result of an accident in the industrial area Záluží. However, Unipetrol benefited from high refining and petrochemical margins, also due to a great insurance contract which covered the repair of damaged technologies and loss of profit. Therefore, the company could report record profits. Moreover, company had very strong balance sheet without any debt and with a surplus cash. The reopening of the damaged ethylene unit and the approval of the dividend had a great impact on the increase of the share price, which was crowned by a voluntary takeover bid made by a majority shareholder.

The investment in Unipetrol shares at that time represented only 6.3% active fund option which is not a big proportion, nevertheless, this project raised the equity capital of the fund by 31%. The appreciation of the investment in Unipetrol itself was around 115%.
Development of Unipetrol share price for the period of project implementation in CZK.
150 200 250 300 350 400 42016 72016 102016 42017 72017 12017
Evaluation of the project
  • 115%