The POLANDSECURITIES brand was
advertised during the ITI Holdings (media
and entertainment group) offer in June
2002.
The report, critical of the ITI offer, was
received by investment fund associations,
OFE (Polish pension funds) managers, investment banks, analysts and
the media. ITI Holdings and its shareholders
to date intended to sell shares valued up to
1.5 billion PLN. It was the biggest offer of
2002. ITI Holdings did not assign any shares
due to the small number of subscriptions
made.
POLANDSECURITIES issued an analytical
report on the HOOP SA offer in May 2003. The
offer was rescheduled. The issue price was
agreed in the lowest bracket differential –
21 PLN. A year after the issue the value of
Hoop shares dropped to 8 PLN, whilst the
market was experiencing a growth trend. In
2004 and 2005
in a poll by the ‘Rzeczpospolita’ journal
directed at managers of investment funds,
Hoop was recognized as one of the five least
credible companies on the WSE.
In consecutive years POLANDSECURITIES
has issued analytical reports on companies
quoted on the stock market, appraising some
companies in a critical light and pointing
out their overvaluation, whilst other
companies we have judged in a positive light,
indicating their strengths.
We pointed out the high overvaluation of
companies but where we saw good companies
and their potential for growth we appraised
them in a positive light against the market
and according to the index.
The main analyses are available on the home
page and the reports, and prognoses issued
by us, can be checked and assessed.
The CV of the POLANDSECURITIES main
associate in Poland can
be found