{"id":125403,"date":"2026-06-22T04:22:21","date_gmt":"2026-06-22T04:22:21","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/125403\/"},"modified":"2026-06-22T04:22:21","modified_gmt":"2026-06-22T04:22:21","slug":"fond-jt-arch-prodal-loni-akcie-moneta-money-bank-za-vice-nez-700-milionu","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/125403\/","title":{"rendered":"Fond J&T Arch prodal loni akcie Moneta Money Bank za v\u00edce ne\u017e 700\u00a0milion\u016f"},"content":{"rendered":"

V minul\u00e9m roce uzav\u0159el nejv\u011bt\u0161\u00ed fond v\u00a0\u010cesku a\u00a0na Slovensku\u00a0\u2013 J&T Arch Investments (J&T Arch)\u00a0\u2013 velkou transakci v\u00a0bankovnictv\u00ed. Na za\u010d\u00e1tku 2.\u00a0\u010dtvrtlet\u00ed 2025\u00a0toti\u017e prodal zhruba jednoprocentn\u00ed pod\u00edl v\u00a0Moneta Money Bank. Fond informaci uvedl ve v\u00fdro\u010dn\u00ed zpr\u00e1v\u011b za uplynul\u00fd rok, kterou zve\u0159ejnil v\u00a0minul\u00fdch dnech.<\/p>\n

\u201eFond vyu\u017eil n\u00e1r\u016fstu ceny akci\u00ed Moneta Money Bank a\u00a0na \u010d\u00e1sti pozice realizoval zisk. V\u011bt\u0161inu pozice J&T Arch nakupoval ve druh\u00e9 polovin\u011b roku 2022, kdy se jej\u00ed cena pohybovala mezi 80\u00a0a\u00a090\u00a0korunami,\u201c komentuje transakci portfolio mana\u017eer fondu J&T Arch Pavel Hlav\u00e1\u010dek. Fond nav\u00edc podle n\u011bj je\u0161t\u011b b\u011bhem investice dostal dividendy v\u00a0celkov\u00e9 v\u00fd\u0161i 45,5\u00a0koruny na jednu akcii.<\/p>\n

<\/a><\/p>\n

Z prodeje vyinkasoval velk\u00e9 pen\u00edze. \u201eJednoprocentn\u00ed pod\u00edl m\u011bl v\u00a0t\u00e9 dob\u011b hodnotu mezi 720\u00a0a\u017e 730\u00a0miliony korun,\u201c uv\u00e1d\u00ed portfolio mana\u017eer spole\u010dnosti Cyrrus Tom\u00e1\u0161 Pfeiler s\u00a0t\u00edm, \u017ee pr\u016fm\u011brn\u00e1 cena jedn\u00e9 akcie banky se na za\u010d\u00e1tku 2.\u00a0kvart\u00e1lu roku 2025\u00a0pohybovala okolo 140\u00a0korun. Na investici tak fond vyd\u011blal se zapo\u010d\u00edt\u00e1n\u00edm dividend okolo p\u016fl miliardy korun.<\/p>\n

Od t\u00e9 doby akcie Monety je\u0161t\u011b v\u00fdrazn\u011b pos\u00edlily, kdy\u017e se v\u00a0p\u00e1tek obchodovaly za cenu okolo 190\u00a0korun. Fond ostatn\u011b je\u0161t\u011b velk\u00fd bal\u00edk akci\u00ed banky vlastn\u00ed, ke konci lo\u0148sk\u00e9ho roku m\u011bl v\u00a0Monet\u011b pod\u00edl ve v\u00fd\u0161i 10,13\u00a0procenta. \u201eInvestici do akci\u00ed Moneta Money Bank zat\u00edm hodnot\u00edme jako velmi \u00fasp\u011b\u0161nou. Celkov\u00fd v\u00fdnos investice v\u00fdrazn\u011b p\u0159evy\u0161uje v\u00fdvoj \u0161ir\u0161\u00edho akciov\u00e9ho trhu i\u00a0v\u011bt\u0161iny srovnateln\u00fdch investi\u010dn\u00edch p\u0159\u00edle\u017eitost\u00ed v\u00a0dan\u00e9m obdob\u00ed,\u201c hodnot\u00ed Hlav\u00e1\u010dek.<\/p>\n

Pr\u00e1v\u011b akcie Monety pat\u0159ily ke dv\u011bma hlavn\u00edm faktor\u016fm, kter\u00e9 p\u0159isp\u011bly k\u00a0v\u00fdrazn\u00e9mu zhodnocen\u00ed akci\u00ed fondu v\u00fdrazn\u011b p\u0159es deset procent. Nejv\u011bt\u0161\u00ed vliv v\u0161ak na fond m\u011bla transakce Energetick\u00e9ho a\u00a0pr\u016fmyslov\u00e9ho holdingu Daniela K\u0159et\u00ednsk\u00e9ho s\u00a0francouzsk\u00fdm ropn\u00fdm kolosem TotalEnergies. Spole\u010dn\u011b zalo\u017eily podnik, kter\u00fd se zam\u011b\u0159\u00ed na flexibiln\u00ed v\u00fdrobu elekt\u0159iny<\/a> v\u00a0It\u00e1lii, Nizozemsku, Spojen\u00e9m kr\u00e1lovstv\u00ed, Irsku a\u00a0p\u0159\u00edpadn\u011b i\u00a0Francii. Jeho hodnota bude 10,6\u00a0miliardy eur.<\/p>\n

V EPH vlastn\u00ed fond pod\u00edl p\u0159es J&T Alliance. Na transakci s\u00a0TotalEnergies tak participoval. \u201eSv\u00fdm v\u00fdznamem pro ocen\u011bn\u00ed a\u00a0tvorbu hodnoty zejm\u00e9na na \u00farovni fondu J&T Alliance transakce bez p\u0159eh\u00e1n\u011bn\u00ed p\u0159evy\u0161uje ve\u0161ker\u00e9 dal\u0161\u00ed efekty, kter\u00e9 v\u00a0roce 2025\u00a0nastaly,\u201c komentoval obchod ve v\u00fdro\u010dn\u00ed zpr\u00e1v\u011b investi\u010dn\u00ed \u0159editel skupiny J&T a\u00a0\u010dlen investi\u010dn\u00edho v\u00fdboru fondu Adam Tomis.<\/p>\n

Ale zp\u011bt k\u00a0Monet\u011b. V\u00a0sou\u010dasnosti jsou u\u017e akcie podle Pfeilera hodn\u011b vysoko. Obchoduj\u00ed se toti\u017e podle n\u011bj za v\u00edce ne\u017e trojn\u00e1sobek vlastn\u00edho kapit\u00e1lu. \u201eTo je nad pr\u016fm\u011brem oproti evropsk\u00fdm bank\u00e1m,\u201c srovn\u00e1v\u00e1 Pfeiler.<\/p>\n

<\/a><\/p>\n

Jen pro srovn\u00e1n\u00ed: rakousk\u00fd vlastn\u00edk \u010cesk\u00e9 spo\u0159itelny, Erste Group Bank, loni koupil t\u00e9m\u011b\u0159 polovi\u010dn\u00ed pod\u00edl v\u00a0polsk\u00e9 bance Santander Bank Polska, kter\u00e1 se obchodovala za 1,7n\u00e1sobek vlastn\u00edho kapit\u00e1lu a\u00a0byla tak relativn\u011b drah\u00e1. Samotn\u00e1 Erste tehdy st\u00e1la 1,1n\u00e1sobek vlastn\u00edho kapit\u00e1lu. Po transakci se ocen\u011bn\u00ed rakousk\u00e9ho bankovn\u00edho domu zv\u00fd\u0161ilo na 1,9n\u00e1sobek ke konci minul\u00e9ho roku.<\/p>\n

U akci\u00ed Monety tak Pfeiler o\u010dek\u00e1v\u00e1 stagnaci. \u201ePro dal\u0161\u00ed r\u016fst akci\u00ed by byla nutn\u00e1 transakce ze strany nejv\u011bt\u0161\u00edch akcion\u00e1\u0159\u016f,\u201c dopl\u0148uje Pfeiler. Nejv\u011bt\u0161\u00edm akcion\u00e1\u0159em banky je tuzemsk\u00e1 investi\u010dn\u00ed skupina PPF, kter\u00e1 vlastn\u00ed t\u00e9m\u011b\u0159 30procentn\u00ed pod\u00edl. Deset procent kontroluje skupina J&T a\u00a0t\u00e9m\u011b\u0159 desetinu akci\u00ed m\u00e1 rovn\u011b\u017e vlastn\u00edk skupiny Sev.en Pavel Tyka\u010d.<\/p>\n","protected":false},"excerpt":{"rendered":"V minul\u00e9m roce uzav\u0159el nejv\u011bt\u0161\u00ed fond v\u00a0\u010cesku a\u00a0na Slovensku\u00a0\u2013 J&T Arch Investments (J&T Arch)\u00a0\u2013 velkou transakci v\u00a0bankovnictv\u00ed. Na…\n","protected":false},"author":2,"featured_media":125404,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[12],"tags":[412,623,67,68,17084,16921,2939,34662,13852,6037,2652,622],"class_list":["post-125403","post","type-post","status-publish","format-standard","has-post-thumbnail","category-byznys","tag-akcie","tag-burza","tag-business","tag-byznys","tag-energeticky-a-prumyslovy-holding-eph","tag-erste-group","tag-jt","tag-jt-arch-investments","tag-jt-finance-group","tag-moneta-money-bank","tag-pavel-tykac","tag-ppf-group"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116791853043422073","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/125403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=125403"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/125403\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/125404"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=125403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=125403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=125403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}