{"id":13002,"date":"2026-03-03T18:46:29","date_gmt":"2026-03-03T18:46:29","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/13002\/"},"modified":"2026-03-03T18:46:29","modified_gmt":"2026-03-03T18:46:29","slug":"cesti-investori-vsadili-na-americke-zdravotnictvi-a-web-pro-remeslniky","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/13002\/","title":{"rendered":"\u010ce\u0161t\u00ed investo\u0159i vsadili na americk\u00e9 zdravotnictv\u00ed a\u00a0web pro \u0159emesln\u00edky"},"content":{"rendered":"

\u010cl\u00e1nek si tak\u00e9 m\u016f\u017eete poslechnout v\u00a0audioverzi.<\/p>\n

Zat\u00edmco investo\u0159i se v\u00a0posledn\u00edch t\u00fddnech zbavovali spole\u010dnost\u00ed, kter\u00e9 poskytuj\u00ed software jako slu\u017ebu neboli SaaS (zkratka z\u00a0anglick\u00e9ho Software as a\u00a0Service), tak tuzemsk\u00e1 investi\u010dn\u00ed skupina Pale Fire Capital naopak ud\u011blala v\u00a0t\u00e9to oblasti velkou r\u00e1nu.<\/p>\n

Pale Fire Capital (PFC) Jana Barty a\u00a0Du\u0161ana \u0160enkypla koupila 11.\u00a0\u00fanora t\u00e9m\u011b\u0159 5,6\u00a0milionu akci\u00ed americk\u00e9 softwarov\u00e9 firmy Phreesia. Skupina to uvedla v\u00a0hl\u00e1\u0161en\u00ed pro americkou Komisi pro cenn\u00e9 pap\u00edry (SEC).<\/p>\n

Za jednu akcii zaplatila skupina podle serveru Gurufocus 12,5\u00a0dolaru. Za celkov\u00fdch 70\u00a0milion\u016f dolar\u016f (1,47\u00a0miliardy korun) z\u00edskala pod\u00edl ve v\u00fd\u0161i 9,2\u00a0procenta. \u201eJsou nejv\u011bt\u0161\u00edm jednotliv\u00fdm akcion\u00e1\u0159em mimo fondov\u00e9 struktury,\u201c dod\u00e1v\u00e1 portfolio mana\u017eer spole\u010dnosti Cyrrus Tom\u00e1\u0161 Pfeiler. V\u011bt\u0161\u00ed pod\u00edly maj\u00ed jen fondy pod spr\u00e1vou investi\u010dn\u00edch kolos\u016f Vanguard a\u00a0BlackRock.<\/p>\n

\u201eAkcie vlastn\u00ed v\u00edce fond\u016f. Mohou to m\u00edt kv\u016fli kop\u00edrov\u00e1n\u00ed index\u016f,\u201c \u0159\u00edk\u00e1 Pfeiler. Fondy Vanguard vlastn\u00ed dohromady 10,1\u00a0procenta akci\u00ed Phreesie a\u00a0u BlackRock je to 9,35\u00a0procenta akci\u00ed.<\/p>\n

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

Americk\u00e1 spole\u010dnost Phreesia poskytuje softwarov\u00e1 \u0159e\u0161en\u00ed pro zdravotnick\u00e1 za\u0159\u00edzen\u00ed, kter\u00e1 spravuj\u00ed p\u0159\u00edjem pacient\u016f, jejich registraci nebo nap\u0159\u00edklad platby. Akci\u00edm spole\u010dnosti se dlouhodob\u011b neda\u0159\u00ed. Jen za posledn\u00edch dvan\u00e1ct m\u011bs\u00edc\u016f se ceny akci\u00ed propadly o\u00a0v\u00edce ne\u017e pades\u00e1t procent na cenu 12,27\u00a0dolaru. Pohybuj\u00ed se tak podle Pfeilera na \u00farovn\u00edch okolo historick\u00e9ho minima.<\/p>\n

\u201eFirma je v\u00a0posledn\u00edch letech sice ztr\u00e1tov\u00e1, ale da\u0159\u00ed se j\u00ed ztr\u00e1tu sni\u017eovat,\u201c uv\u00e1d\u00ed Pfeiler s\u00a0t\u00edm, \u017ee investice PFC je \u201ekontrari\u00e1nsk\u00e1 s\u00e1zka, \u017ee se poda\u0159\u00ed byznys oto\u010dit\u201c. Kontrari\u00e1nsk\u00e9 investice p\u0159edstavuj\u00ed n\u00e1kupy akci\u00ed firem, kter\u00fdm trh nev\u011b\u0159\u00ed, a\u00a0investor tak jde p\u0159i jejich n\u00e1kupu proti proudu.<\/p>\n

Investice do pod\u00edlu ve spole\u010dnosti Phreesia nebyla jedin\u00fdm n\u00e1kupem PFC na americk\u00e9 burze. Investi\u010dn\u00ed skupina toti\u017e p\u0159ikoupila podle dat agentury Bloomberg i\u00a0bal\u00edk akci\u00ed technologick\u00e9 firmy Angi v\u00a0objemu 1,4\u00a0milionu kus\u016f, \u010d\u00edm\u017e nav\u00fd\u0161ila po\u010det dr\u017een\u00fdch akci\u00ed na t\u00e9m\u011b\u0159 3,6\u00a0milionu akci\u00ed. V\u00a0sou\u010dasnosti tak ve firm\u011b dr\u017e\u00ed PFC pod\u00edl ve v\u00fd\u0161i 8,3\u00a0procenta.<\/p>\n

Za jednu akcii podle Bloombergu zaplatila 10,7\u00a0dolaru. Za p\u0159ikoupen\u00e9 akcie tak dala zhruba 15\u00a0milion\u016f dolar\u016f, co\u017e v\u00a0korun\u00e1ch p\u0159edstavuje \u010d\u00e1stku p\u0159es 314\u00a0milion\u016f. Za investice do akci\u00ed firem Phreesia a\u00a0Angi tak PFC dohromady vydala t\u00e9m\u011b\u0159 1,8\u00a0miliardy korun.<\/p>\n

Angi je platforma, kter\u00e1 propojuje \u0159emesln\u00edky s\u00a0majiteli dom\u016f. Zalo\u017eena byla v\u00a0roce 1995.\u00a0Investovat do n\u00ed PFC za\u010dalo podle Pfeilera v\u00a0roce 2023.\u00a0Na ot\u00e1zky ohledn\u011b sv\u00fdch investic skupina PFC zat\u00edm nestihla reagovat.<\/p>\n

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

Stejn\u011b jako akci\u00edm Phreesia se neda\u0159\u00ed ani akci\u00edm Angi. Za posledn\u00edch dvan\u00e1ct m\u011bs\u00edc\u016f ztratily p\u0159es pades\u00e1t procent a\u00a0obchoduj\u00ed se za 7,78\u00a0dolaru. Skupina PFC je tak u\u00a0t\u00e9to investice ve ztr\u00e1t\u011b. \u201eVyu\u017e\u00edvaj\u00ed n\u00edzk\u00e9 ceny, aby si sn\u00ed\u017eili pr\u016fm\u011brnou n\u00e1kupn\u00ed cenu,\u201c uv\u00e1d\u00ed k\u00a0dokoupen\u00ed velk\u00e9ho bal\u00edku akci\u00ed Pfeiler. To v\u0161ak podle n\u011bj nebyl jedin\u00fd d\u016fvod. \u201eJe to hodnotov\u00e1 akcie, kter\u00e1 m\u00e1 potenci\u00e1l r\u016fstu,\u201c dopl\u0148uje. Firma je toti\u017e na rozd\u00edl od Phreesia v\u00a0zisku za cel\u00fd rok.<\/p>\n

Pale Fire Capital investuje do cel\u00e9 \u0159ady odv\u011btv\u00ed od technologi\u00ed a\u00a0softwaru p\u0159es t\u011b\u017ea\u0159e zlata a\u017e nap\u0159\u00edklad po potraviny. Nejv\u011bt\u0161\u00ed pod\u00edly m\u00e1 skupina ve slevov\u00e9m port\u00e1lu Groupon a\u00a0v B2Gold, co\u017e je kanadsk\u00e1 t\u011b\u017ea\u0159sk\u00e1 spole\u010dnost, kter\u00e1 vlastn\u00ed a\u00a0provozuje zlat\u00e9 doly v\u00a0Mali, Namibii a\u00a0na Filip\u00edn\u00e1ch.<\/p>\n","protected":false},"excerpt":{"rendered":"\u010cl\u00e1nek si tak\u00e9 m\u016f\u017eete poslechnout v\u00a0audioverzi. Zat\u00edmco investo\u0159i se v\u00a0posledn\u00edch t\u00fddnech zbavovali spole\u010dnost\u00ed, kter\u00e9 poskytuj\u00ed software jako slu\u017ebu…\n","protected":false},"author":2,"featured_media":13003,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[412,67,68,69,7473,643,7472,644,882],"class_list":{"0":"post-13002","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-byznys","8":"tag-akcie","9":"tag-business","10":"tag-byznys","11":"tag-investice","12":"tag-nasdaq","13":"tag-new-york-stock-exchange-nyse","14":"tag-pale-fire-capital","15":"tag-software","16":"tag-technologie"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116166733626864998","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/13002","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=13002"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/13002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/13003"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=13002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=13002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=13002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}