Dafora Medias shares gained 25% in the last week, amidincreasingly significant transactions, whilst shares of CondmagBrasov rose 10%.
Shares of companies involved in construction and in drillingoperations, Dafora Medias (DAFR) and Condmag Brasov (COMI), bothcontrolled by businessman Gheorghe Calburean, recorded significantrises of up to 30% since the beginning of the year, with analystssaying these are speculative increases. Dafora shares appreciatedby over 15% despite the company posting a decline in profit in2009.
"The significant increases recorded by Dafora and Condmagshares, especially after results were published, have a speculativecomponent. Whereas last year speculators' favourites were Azomuresand Amonil, these two companies seem to be beginning-of-the-yearfavourites. Speculators also waited for financial support toarrive, and it did in the case of Condmag, which reported adoubling of its profit. The companies are, however, connected dueto their common shareholder," explained Paul Brendea, analyst withbrokerage firm Prime Transaction. Dafora holds around 44.6% inCondmag, whilst Calburean is reported with a 48.5% stake in Dafora,according to data on the Bucharest Stock Exchange.
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