Annual report 2005 - Sava dd

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11. The Sava Share and
Ownership Structure
11.1
4 8 |
In 2005 the Sava share fluctuated between €187.8 and €179.5. The unit price on the last day of trading in 2005
reached €180.4, or 1.4 per cent less than in the beginning of the year. The decrease is mainly due to movements
on the Ljubljana Stock Exchange, which also affected the rate of the SBI 20 index that in the same period
decreased by 5.6 per cent. In the last five years long-term investors in the Sava share had a 12.7 per cent
annual yield on average.
Movement of the
Sava share
In the first quarter of 2005 the SAVA share continued its
positive growth trend from the last quarter of 2004. The
share price at 31 March 2005 amounted to €188.1. In the
second quarter of 2005 the Sava share price lowered
slightly, reaching €181.6 on 30 June 2005.
In the second half of 2005 the Sava share price
fluctuated around €179.5, while on the last trading day
in 2005 it amounted to €180.4.
The SAVA share price in the period from 1 January
2005 to 31 December 2005 decreased by 1.4 per cent,
yet its movement deviated upwards by 4.5 per cent on
average and reached lower deviations than the SBI 20
SAVA d.d.
Movement of the Sava share
in 2005
(in SIT)
Sava d.d.
SBI 20
60,000
50,000
40,000
30,000
20,000
10,000
2000
index. In the same period last year the SBI index fell by
5.6 per cent.
By investing in the Sava share long-term, investors have
enhanced their asset value. The investors who invested
€5,066 in the Sava share in the beginning of 2000
increased their asset at the end of 2005 to €10,375. The
return on investment in the amount of 148 per cent since
the beginning of 2000 until the end of 2005 results in an
average yield of 12.7 per cent.
The movement in the price of the Sava share in 2005
was impacted also by a lower trading volume on the
Ljubljana Stock Exchange, which in 2005 decreased by
30.6 per cent or €255.9 million. Despite a decrease in
the SBI index value due to a lower trading volume in the
Slovene securities market, the Sava share price in 2005
2001 2002 2003 2004 2005