Ukrainian Agrarian Index has hit the new low – the level of 2010
2014-08-26 15:50:12
Ukrainian Agrarian Index was launched by UkrAgroConsult back in 2010, when major Ukrainian agrarian holdings started going public on foreign stock exchanges. Initially, 6 companies were included in the Index: Sintal, Kernel, Mriya, Agroton, Astarta, and MCB Agricole. On the first day of calculation, February 19, 2010, capitalization of the index was measured at EUR 1.88 billion. Ukrainian Agrarian changed and evolved as more and more Ukrainian agrarian companies were going through with Initial Public Offerings or IPOs.
UAIndex hit its highest value on February 2nd, 2011 with its capitalization measured at EUR 6.45 billion. At the date, there were already 11 companies included in the index. After that, UAIndex was declining, partially due to several companies going through de-listing procedures, but mainly because of presumably declining value of Ukrainian Agrarian Companies. Out of 6 companies, initially included in the index, 2 were de-listed from public exchanges (Sintal and MCB Agricole) due to acquisition of these companies by other companies. Other 4 companies: Kernel, Mriya, Agroton and Astarta have lost 45%, 52%, 93% and 20% of their total capitalization respectively.
Ukrainian Agrarian Index, 2010-2014, millions of EUR
Source: UkrAgroConsult Calculations
At the moment UAIdex consists of 14 companies with one (KSG Agro) being temporarily excluded from trading due to lack of quarterly reports for the company in 2014. We continue monitoring situation on foreign stock exchanges for Ukrainian agrarian companies.
UkrAgroConsult has completed review and recommendations study on investing in Ukrainian Agrarian Sector. You can follow this link to find out more about the study “How to profit from Ukraine’s agricultural sector?”. In case you are interested in state of agrarian sector within CIS region, please follow the link below to read UkrAgroConsult quarterly report “Agrarian Business in Ukraine”. First issue is free of charge. You can subscribe to the report to receive it on a monthly basis.