23.12.2019
The Eurocash Group is to purchase shares in Frisco S.A., the leader of the Polish e-grocery market, from MCI funds.
- According to the agreement concluded, MCI funds are to sell nearly 56% of Frisco S.A. shares to Eurocash, achieving a total return of 2.8x CoC (cash-on-cash).
- Frisco.pl is one of the leaders of the Polish e-grocery market and one of the longest operating online supermarkets.
- The Eurocash Group has been a strategic shareholder of Frisco since 2014, currently holding over 44% of the shares.
- Infochart - link
20.12.2019
MCI Capital S.A. (MCI, the company) repaid the three-year M series bonds issued in December 2016 with a total nominal value of PLN 20.6 million.
- This is another tranche of bonds repaid this year - in total, in 2019 MCI repaid PLN 75.1 million to bondholders.
- The maturing M series bonds (MCI1219) have been covered by the institutional investors, and their interest rate is WIBOR.6M + 3.9% with a six-month coupon.
18.11.2019
Financial performance of MCI Capital S.A. (MCI, Company) after Q3 2019: NAV per share as at the end of September reached PLN 23.01 thanks to a net profit of PLN 60.4 million within the first 9 months.
- In the first three quarters of 2019 the Company made a net profit of PLN 60.4 million,
- The result resulted in NAV per share to go up from PLN 22.46 at the beginning of the year to PLN 23.01 as at 30 September 2019, representing an increase by PLN 0.55,
- In July and August, the Company conducted a buyback of own shares worth PLN 30 million (5.67%) – redemption of purchased own shares will result in an increase in NAV per share by additional PLN 0.76,
- MCI liabilities under issuance of bonds as at 30 September 2019 were at a record low level and amounted to PLN 122.6 million, which corresponds to only 10% of the net assets of the Company.
06.09.2019
Financial performance of MCI Capital S.A. (MCI, Company) in H1 2019: in H1 2019 NAV per share as of the end of June reached PLN 22.74 * thanks to a net profit of PLN 15.2 million.
- In H1 2019 the Company made a net profit of PLN 15.2 million,
- The result caused NAV per share to go up from PLN 22.46 to PLN 22.74, representing an increase of PLN 0.28,
- In addition, taking advantage of a significant discount, the company bought out shares, earmarking PLN 30 million for that purpose and buying out shares representing 5.67% of the Company’s shares and votes,
- In this period the Company repaid bonds worth PLN 54.5 million.
16.07.2019
MCI Capital S.A. is commencing the buyback of own shares, on which it currently intends to spend up to PLN 30 million.
- MCI Capital intends to buy back not more than 3 million shares of the company
- The buyback price established by the company’s Management Board is PLN 10.00 per one share