Agrokor’s Shares Continue to Grow

Lauren Simmonds

Some signs of long awaited recovery in Agrokor as shares belonging to the ailing company continue to grow strongly.

It isn’t often that we’ve been able to report on good news coming from the continually suffering Agrokor Group in recent times, well, to be more honest, in almost a year.

The crisis which rocked Croatia’s largest privately owned company, caused a very messy and very public political divorce, and threatened the entire country with an economic earthquake of incomprehensible proportions managed to pass as a contained rumble owing to the passing of Lex Agrokor at the right time. However, the rumbles didn’t go without causing significant damage as several Konzum stores closed, the former majority owner and chairman of the company, Ivica Todorić, found himself on Europol’s most wanted list, and shares in the company crumbled to staggering lows along with its value, taking pension funds with them.

It seems however, that the old worn out saying ”new year, new me” might be able to be applied to Agrokor’s shares, if nothing else. Let us hope we’re not speaking too soon. 

As Poslovni Dnevnik writes on the 3rd of January, 2018, the biggest turnover of about 460 thousand kuna, was realised with HT, and its share price rose 0.6 percent to 167 kuna.

The Zagreb Stock Exchange traded on Wednesday morning as quietly as it did the day before, with Crobex indexes stagnating, while Agrokor’s share prices continued to grow strongly.

With a turnover of about 420 thousand kuna, Ledo’s shares, which picked up by more than 12 percent to 370 kuna, have continued with their strong growth since yesterday, when the price jumped by almost 15 percent. Due to the aforementioned crisis in Agrokor that took place last year, Ledo’s shares shockingly lost more than 90 percent of their value.

Other stocks from under the otherwise leaky company umbrella have also been recovering over the past few days.

This morning Jamnica’s price rose 15.5 percent to 6.350 kuna, after rising 43 percent yesterday. Belje’s shares increased by almost 15 percent, after having jumped 19.5 percent yesterday.

The rise of Atlantska Plovidba’s shares continue, which was the biggest winner on the stock exchange last year with an impressive 130 percent jump.

This morning, with a turnover of about 130 thousand kuna, the stock of this shipping company increased further by 1.5 percent to 674 kuna.

Even stronger still, Ingra’s construction company share price rose, with turnover of about 105 thousand kuna, while the only loser among the most liquid releases were Plava Laguna’s shares with turnover of about 110 thousand kuna, the share price of the tourist company slipped by 0.7 percent to 6.850 kuna.


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