Interest in TMR shares is on the rise

Interest in TMR shares is on the rise
Interest in TMR shares is on the rise
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“We think the increased interest in TMR shares is related to the upcoming winter season as this is the best time for TMR shareholders to use their shareholders´ benefits – ski passes, tickets to Aquapark Tatralandia, discounts at wellness & spa centres in TMR hotel resorts and other services. If we compare the price in August of TMR shares reduced by the difference from the nominal capital reduction with the current price, the increase is significant,“ said Bohuš Hlavatý, Chairman of the TMR Board of Directors.

On 22nd August 2013, the General Assembly of the TMR Company decided to reduce the nominal capital of the Company and pay out 174.4 million EUR to its shareholders, which was 26 EUR per share. 17th October 2013 was a crucial date related to this issue. The development of shares on the stock market indicates that the share price “fell” to the above mentioned 26 EUR on that day. And it was even a little higher. TMR shares were traded for 46.7 EUR on 17th October. The next date of trading was Wednesday 23rd October, and ended with the price of 21.95 EUR per share.

It is thus evident that the price was reduced only technically, as a result of the reduced nominal capital and the difference being paid out to the shareholders, not due to decreased interest of investors, which was announced by the media.

On the contrary, the development of TMR shares on the stock market indicates that the upcoming winter season will even increase the interest. TMR shares are being traded on the Stock Exchange in Bratislava for almost 22 EUR per share nowadays. This is 2 EUR more (reduced by the difference from the nominal capital reduction) when compared to the date the Company announced its plan to reduce the nominal capital. The market value has thus increased by 11.9% within the last 4 months. Before the decisive day for having the benefits paid out, the shares were on a great demand and thousands of them were being traded per week.

Shares of the TMR Company have been successfully traded on other stock exchange markets, such as in Prague and Warsaw. The share price has increased by 2% and 20% on these markets since the proposal to reduce the nominal capital was announced.

Tatry mountain resorts, a.s. is a top subject in the field of tourism in Central and Eastern Europe, which itself or via subsidiaries owns and operates attractive ski resorts and hotels in the area of the Low and High Tatras. These include the resort Jasná Low Tatras and the following hotels: Wellness hotel Grand Jasná, Tri studničky and Chalets Záhradky De Luxe. In the High Tatras, TMR owns and operates resorts Tatranská Lomnica, Starý Smokovec and the following hotels: Grandhotel Praha Tatranská Lomnica, Grandhotel Starý Smokovec and hotel FIS Štrbské Pleso. TMR also co‐operates the resort Štrbské Pleso and since the winter season 2012/2013 it has been leasing the mountain resort Špindlerův Mlýn in the Czech Republic in cooperation with SMMR, a.s.. TMR owns Tatralandia, the largest Slovak aquapark with all-year operation, which offers a lot of water and other entertainment in the Fun Park relax or in a special tropical hall with sea water. It also offers accommodation in bungalows and suites of the Holiday Village Tatralandia. TMR also owns and rents hotels Kosodrevina, Liptov and Ski&Fun Záhradky and Bungalows. More than 144 million Euros were invested by the end of 2012 in the above mentioned resorts, which helps increase the standard and visitor turnout in the Tatras. The TMR shares have been traded on three European stock exchanges – in Bratislava, Prague and Warsaw since 2012.