Fondul Proprietatea (FP) top 10 holdings

Fondul Proprietatea (FP) top 10 holdings as of 31 December 2011:


23,09% of  Hidroelectrica
22,84% of  OMV Petrom
 8,44% of  Romgaz
 3,61% of  Complexul Energetic Turceni
 3,51% of  Nuclearelectrica
 2,72% of  Transgaz
 2,34% of GDF Suez Energy
 2,33% of Enel Distributie Muntenia
 2,23% of CN Aeroporturi Bucuresti
 2,19% of Enel Distributie Banat

Their NAV (Net Asset Value) stands at 1,0788 RON compared with the 0,47 RON the share price, making an almost 60% discount of their Book Value. So as i said in my previous post, this stock looks rather cheap.