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We have been waiting for years for a big exciting company to hit the Hungarian stock exchange, many were waiting for the launch of big state companies like MVM, Hungarocontrol or Szerencsejáték Zrt. It would be the next big story, and among private companies I would like Wizz Air. He has long been on the Budapest Stock Exchange to see market participants.
We have now received an invitation to an event on Thursday from the Budapest Stock Exchange, which reveals that
Wizz Air will make the launch ringtone.
Who has this opportunity? Mainly for companies that appear in the EEB in some way as issuers.
The next question is, in what form can an airline appear in the BSE? In principle, it could also appear as a bond issuer, but the trigger ring may rather indicate that
Wizz Air shares appear in some form on the BSE.
Here the story is divided into two stories, on the one hand the papers could be included in the BSE Standard and Premium categories, which would be an event of this type on the Hungarian stock exchange, with a big announcement from Wizz Air and the BSE, a marketing campaign, etc. It is out of the question to draw the attention of market participants to the big launch with a simple ring. Could be more about that now
a The airline’s shares will be listed on the EEB market.
This is also indicated by the KELER document published a few days ago, in which Wizz Air’s shares are among the securities available on the EEB market.
The airline’s securities have been listed on the London Stock Exchange since February 2015, the IPO was highly anticipated at the time and market participants expected the Hungary-based airline to list its securities on the Budapest Stock Exchange. as part of your double quote.
Many market participants have not been saddened by this, but the securities will now be able to trade on the BSE market, alongside the shares of several large European companies.
The BETA market
On the BSE market of the Budapest Stock Exchange, the investor has the opportunity to trade foreign stocks and ETFs. The financial instruments available here are completely identical to securities traded on foreign markets. Trading is done in HUF, which allows access to shares of large European companies issued in foreign currency without currency conversion costs. The shares of Adidas, BMW, Daimler, Lufthansa, SAP and Volkswagen, among others, can be traded on the BETA market.
The liquidity of the foreign securities registered in the EEB market is provided by the market makers, who sign a contract to sign bids and offers. The listing helps investors to find a bid to buy and sell foreign instruments at a price consistent with market conditions at any time.
The opening of the BETA Market, the negotiation and settlement rules, the negotiation stages, the type and validity of the offers are the same as those applied in the shares section of the stock exchange. Foreign exchange gains earned by investors are taxed in the same way as foreign exchange gains earned on the EEB stock market.
Incidentally, Wizz Air shares performed particularly well this year, despite the coronavirus epidemic sending the entire aviation sector to the ground. European airlines, including Wizz Air, have made significant capacity reductions, with part of the fleet still parked on the ground and burning cash at a rapid rate. Although in the spring Wizz Air exchange rate nor swam in the fall, now he has not only overcome the downsides of action, but It’s up 16 percent this year and hit an all-time high in December. the exchange rate.
Among the major European airlines, Wizz Air was by far the best performer this year, thanks to its outstanding cash-generating capacity in the sector in recent years, so the company still has significant liquidity reserves while several airlines Europeans dance on the brink of insolvency. (at least until the arrival of the state lifebuoys). We recently spoke with József Váradi about the prospects for the industry and the company in our video interview, which can be found at the following link:
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