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However, no one seemed interested today in “untying” a sum of over 7 million euros from their pockets to buy at least 10 percent of the largest hotel company in the country, “Macedoniatourist.” According to information, at the public stock auction organized today by the “all or nothing” model, there was no purchase order for the shares of this joint-stock company, that is, for the “stomping” purchase of 44,449 shares of “Macedoniatourist,” which is 9.83 percent of the capital, at an initial price of 9,800 denars per share.
Unexpected Drop in Stock Prices for Macedoniatourist
It seems that no one was prepared to bid for this significantly higher price than the regular one offered for Macedoniatourist shares, even though there was great optimism that the auction would be successful.
Could today’s drop in the company’s stock price on the regular market trading to 8,000 denars, or 2.77%, be a kind of precursor for this? This comes after yesterday when the stock experienced the maximum allowed increase of 10% and rose to 8,228 denars per share.
Factor announced today that there were close public stock market auction offers today, but it seems like investors were not willing to go above the regular price for Macedoniatourist shares.
Investing in MacedoniaTourist: A Golden Opportunity
Investors are buzzing about the latest opportunity in the market: MacedoniaTourist, also known as the “Golden Hen” for its promising returns. With just under 10% of the company’s shares up for grabs, approximately 7.1 million euros are being sought after. This means that anyone looking to acquire a 10% stake in MacedoniaTourist will need to have deep pockets, as this hefty investment requires more than seven million euros.
For those interested in participating in this public stock auction, it’s important to carefully consider the financial implications. With such a large sum of money at stake, not everyone will have the means to make this investment. However, for those who do, the potential returns could be significant. Don’t miss out on this golden opportunity to invest in MacedoniaTourist!
MacedoniaTourist Stock Sees Significant Increase
Following a request from one of the members of the stock exchange, the brokerage house Eurohouse organized today’s sale. Probably in anticipation of today’s sale, yesterday MacedoniaTourist’s stock experienced a significant increase, jumping to 8,228 denars per share, compared to the previous trading on July 11th, when the price was 7,480 denars per share. About ten days ago, the company’s director, Mirjana Tanevska-Efremova, bought shares through a block transaction at a price of 6,800 denars per share, the same price at which shares were sold on the regular market on July 5th. Starting from April this year, when the stock was trading at. . .
Public Stock Auction Procedure Explained
Stock prices for “Macedonia Tours” have been steadily increasing, reaching over 5,000 denars per share by July 5th. On the regular market, shares are being sold at 6,800 denars per share. The public stock auction procedure follows a binary model, where sellers’ representatives enter selling prices and quantities for specific stocks into the trading system on the day of the auction.
The auction consists of two phases: an interest indication phase lasting 5 minutes, followed by a bidding phase where buyers can place their bids. This system allows for fair and transparent price discovery for all parties involved in the stock market transaction.
Unique Auction System
Our auction system is designed to ensure fair and transparent bidding for all participants. The auction lasts for a minimum of 5 minutes, during which, if there is no improvement in the highest bid in the last minute, the transaction is concluded. However, if there is a change in the highest bid during the last minute of the initial 5 minutes, the bidding continues for another 5 minutes after the expiration of the previous 5 minutes. If there is a change in the highest bid during the last minute of the additional 5 minutes, the bidding continues for an extra 5 minutes. This method of extension ensures that all participants have a fair chance to place their bids and secure the best deal.
Online Auction System
The online auction system allows for bidding to take place in up to 10 intervals (10 times of 5 minutes each). If during any interval of 5 minutes there is no change in the best buying price within the last minute of the 5-minute period, the system will execute a transaction at the last best buying price. In the case of bidding in 10 intervals, the system will execute a transaction at the best buying price in the tenth interval.
The Central Securities Depository status shows that more than 5% of shares are owned by a minority and that former shareholders are involved.
Ownership Structure of Company X
Company X has a diverse ownership structure, with various stakeholders holding shares in the company. The former director, Done Tanevski, holds 22.21% of the shares, while Sonja Bibamovska owns 11.27%. The pension fund “Sava” has 8.8% of the shares, and the company itself holds 10%.
It is worth mentioning that there are many smaller shareholders who own less than 5% of the company. In fact, 41.52% of the shares are owned by 559 individual domestic shareholders, while 5.86% of the shares belong to 27 legal entities.
If there is interest in a new public stock auction, it would mean that the next one will have to start at a lower price. This could potentially change the ownership structure of the company and bring in new investors.
The Failed Stock Auction
Today’s failed stock auction leaves us wondering who could have been behind the bids for these shares. It remains a mystery whether it was one of the major players in the industry or a smaller shareholder of the country’s largest hotel company.