The significant increase witnessed by the companies on RASDAQ has created a new generation of euro millionaires, most of whom were anonymous a year or two ago.
Most of them have seen their fortunes triple since the beginning of this year alone, considering the companies where they own stakes have risen spectacularly, as more investors have directed their attention to the RASDAQ market.
ZIARUL FINANCIAR has identified at least nine shareholders of companies listed on RASDAQ whose fortunes exceed 10 million euros.
The richest man on RASDAQ at the moment is Gheorghe Calburean, the majority shareholder of drilling company Dafora Medias, whose stake is now worth 150 million euros, having increased in value since the beginning of the year. Within five months, Dafora's capitalisation has gone up 3.3 times, the capital increase operated during this period considered. Calburean also owns, through Dafora, a stake of 43% in pipeline maker Condmag Brasov, which has increased significantly this year. Dafora announced it planned to acquire the controlling interests in the pipeline manufacturer Condmag Brasov, a company that is worth more than 96 million euros on RASDAQ.
The former principal shareholder of Condmag, Pompei Hadarean, sold 17% in the company to Dafora last week, for 9.6 million euros.
He now owns about 20% of the company, put at 19.3 million euros.
A similar example is the petroleum and gas industry equipment manufacturer Armax Gaz Medias, which increased its capitalisation almost ten times since the beginning of the year and got investment funds, such as the Dutch at the MEI among its shareholders.
The principal shareholder of the company is Mircea Vescan, which held a stake of 36%, according to the latest reports, appraised at 23 million euros. He has recently sold 6.2% in Armax Gaz for which he got 2.5 million euros.
The growth of the three companies was generated by their similar approach of the capital market, as their principal shareholders preferred to sell some of their shares to create liquidity on the market and pique the interest of portfolio investors. A number of well-known foreign investment funds bought into the three, in turn generating interest among small investors.
"We can talk about a share hunt on RASDAQ. Some of the majority shareholders have realised they have to cut down on their stakes to create liquidity on the market. The increase in liquidity has helped some companies, which were greatly undervalued, get close to the right price," explains Rares Nilas, manager of BT Securities brokerage firm.
The Ciurtin family, which controls dairy producer Albalact, has seen its fortune triple this year. Albalact is now worth more than 103 million euros on RASDAQ. Petru and Raul Ciurtin own 52% in it, appraised at nearly 54 million euros.
The most spectacular development this year, however, was that of real estate developer Imotrust Arad, which had been virtually unknown on the capital market until February. After transfer from the XMBS system to the main market of RASDAQ, the capitalisation of this company rose by about 12 times.
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