Juventus’ stock surged hitting its highest evaluation in nine years. On Monday, March 13th, 2017, at the Milan stock market it smashed €0.46 per share increasing the overall evaluation of the club compared to the price recorded on Friday, March 10th, 2017 by 7%.
In the last month, Juventus’ stock gained 44% of the value. This market trend splashed the total capitalization of the club to over €423 million in a few days. To make this topic clear, those who want to rake all the shares of the company led by Andrea Agnelli should spend around €100 million more than last month.
In this period, investors are targeting Juventus’ shares, at least compared to the way they traded in recent years. On Monday, March 13th, 2017, 14 million shares of the Black-and-White of Turin were exchanged, an amount 7 times higher than the shares traded on average in the last three months (1.9 million shares per day.)
What is Juventus worth on the stock market?
Taking into account the 14 million shares exchanged today, nearly €6 million trades were completed and, as reported by Borsa Italiana, this is the amount generally traded in April 2016. From March 1st to today, the total trade shattered all monthly records recorded by Juventus in the last year. We are talking about €25 million exchanged in 13 days compared to the €4 million exchanged in all the meetings of January 2017.
It is clear that something is happening and that in the last few weeks the eyes of institutional investors focused on Agnelli’s club. A broker that Calcio e Finanza contacted explained that hardly more than 1% of the daily trading capital can be supported by a small group of shareholder-fans. According to those who work in the financial markets, institutional funds are targeting the club for at least two reasons:
- It is a great international brand;
- It has a low capitalization compared with other European clubs sold in recent months.
It is also clear that Juventus is a super-discounted deal for investors compared to the overall €700 million that Suning spent to purchase Inter and the €520 million + debts that Sino-Europe Sports Investments must pay to close AC Milan’s deal. Nowadays, Juventus is worth €423 million and only a month ago it was €100 mln cheaper despite the five consecutive league titles won and its healthy accounts recorded in the last two financial years.
What is Juventus worth on the stock market? The funds
Major shareholders such as Exor with its 63,76% and the Lindsell Train fund which doubled its share to 10% in July see the value of their participation grow and they are not willing to monetize by selling their quotes at this time. However, all the little shareholders and funds who hold less than 3% of the shares could cash in, we are talking about those investors that invisible to Consob and that have wide margins of movement in the stock market. In particular, we can mention the pension fund of the Royal Bank of Scotland and the FedEx Employees Pension Trust who holds 1% of Juventus’ capital.
