Tamburi Investment Partners, an independent and diversified investment/merchant bank listed on the Star segment of Borsa Italiana, has published its financial statements for the year ended 31 December 2017. The net profit was 72 million euros, but above all, notes a note from the company, the price of TIP shares had a positive progression during the year, higher than that recorded by almost all the main indices, with a performance of approximately 54,3% as at 31 December 2017 compared to the beginning of the year, while the FTSE MIB, in the same period, had a performance of around 13,6%.
In the annual letter to the shareholders, the CEO Gianni Tamburi also reported the strong increase in the TIP share since the beginning of January 2016 and up to 28/2/2018 (72,7%) and in the warrant (237,7%) but the most significant data "for those who, like us, do not like speculative or short-term operations", is the five-year total return, which at the end of February amounted to 322,3% with an annual average of 64,5%.
“2017 was a very interesting, profitable year, of good and promising investments, of some tactical relief, but mostly of further consolidation and recognition of TIP's uniqueness” Tamburi wrote, “with just over 100 million euros of both direct investments and divestments, but what matters most is that, considering the club-deals , new investments in the year exceeded 200 million and the aggregate of transactions activated by TIP (including club-deals) reached 3 billion euro”, with a medium-term intrinsic value of direct assets of over 1,1 200 billion euros, 2016 million more than at the end of XNUMX.
According to the founder of TIP, 2018 promises to be a different year. “On the one hand because it could represent the beginning of a season of new listings of TIP's subsidiaries on the stock exchange. “In the coming weeks, the listing process for Octo Telematics should be launched, hopefully also for Roche Bobois in the next 12/18 months, on the Paris stock exchange. Eataly is expected to enter the market in 2019” and, to follow, albeit with more extended times, it should be the turn of iGuzzini, Alpitour, Furla, Beta Utensili and Chiorino.
Read the latest interview given by Gianni Tamburi at FIRSTonline, December 16, 2017.
