The value of Krka's shares increased by a further three percent and rose to more than 68,50 euros. That's the highest value Krka's shares have had since July last year. According to Matej Rigelnik, the deputy head of the sector for private banking at NLB, the reason for the increase in value can also be attributed to the strengthening of the Russian currency: "The Russian ruble was one of the best currencies this year. It gained more than 35% compared to the euro. Krka's shares, compared to the shares of other similar companies, still trade at a discount. Based on relative indicators the fair price for Krka's shares ranges between 80 and 90 euros. Krka has been increasing its dividend for several years now and has also been diligently buying its own shares, which is positive for all the shareholders."
Some have earned well at the Pivovarna Laško brewery
Telekom Slovenija's shares grew by two percent, to 122 euros, just a day after recording a drop in value. Yesterday's seven percent drop happened due of the news that there was only one purchasing bid for Telekom's majority stake – a bid from British fund Cinven, which offered a price of 115 euros per share. Matej Rigelnik: "At first glance the price is relatively low, however almost all telecommunication companies trade at lower value indicators as they encounter a decrease in business. Telekom announced that it will pay out a solid dividend. Perhaps in the case of Telekom we could use the famous Slovenian saying: No soup is eaten as hot as it’s cooked."