BAM Abbreviated Annual Report 2011 - Siteseeing in the world of ...

24
22
20
18
16
14
12
10
8
6
4
2
0
Stock exchange listing
Royal BAM Group nv shares
The shares of Royal BAM Group nv have been listed on
the NYSE Euronext Amsterdam stock exchange since
1959. BAM is listed on the AMX index (Midkap) as well the
Euronext NEXT-150 Index. Royal BAM Group ordinary
share options have been traded by NYSE Liffe, the
Euronext Amsterdam derivatives division, since 2006.
The total stock exchange value (market capitalisation)
of the Group stood at approximately €0.8 billion at
year-end 2011 (year-end 2010: approximately
€1.1 billion).
Share price
The 2011 closing price for the ordinary share was €3.26,
which was approximately 29 percent lower than the
closing price for 2010 (€4.60). This means that the share
price lagged slightly behind the AMX index (-27 percent).
BAM’s share price has fallen by almost 72 percent over
the last five years. By way of comparison, the AEX index
and the AMX fell by 37 percent and 31 percent in the
same period.
Graph 1 shows the history of the BAM ordinary share
price over the past five years.
Graph 1 Ordinary share price movement
(in €)
2007
2008
2009 2010
BAM sector NL sector Eur AEX
2011
AMX
Volume of trade
The cash value of the Royal BAM Group ordinary share
decreased in 2011. The number of ordinary shares traded
fell by a third in the financial year to a total of 341.6
million shares (2010: 518.6 million). The average daily
trade was 1,338,500 ordinary shares (2010: 2,010,000).
The value of the shares traded fell by approximately 44
percent in 2011 to €1,434 million (2010: €2,547 million).
An average of €5.6 million worth of BAM shares was
traded every trading day in 2011 (2010: €9.9 million).
Graph 2 shows the development of the average number
of ordinary shares traded in 2011 on Euronext
Amsterdam. Graph 3 (page 14) shows the development
of the average price on NYSE Euronext Amsterdam.
If necessary, ING, Rabobank and RBS act as liquidity
providers for the trade in ordinary shares.
Graph 2 Number of traded ordinary shares in 2011
(average per day)
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000
5,00,000
0
J F M A M J J A S O N D
ordinary trade
large blocks
moving average
13
2011