28th June 2011
Thursday, May 17th, 2012
JSW share price down
Bloomberg reported yesterday that institutional investors are ready to buy out all the stock of miner Jastrzębska Spółka Węglowa, but for a much lower price than previously though – zł. 135 per share as opposed to the maximum rate of zł.146.
According to sources quoted by Parkiet, these same investors were ready to pay zł.140 just a few days ago. Annex no. 4 to the prospect dated June 22 apparently tempered their enthusiasm, stating that production could be lower than predicted, although by no more than five percent.
That is why the price will be closer to zł.130 than zł.140, according to an OFE manager quoted by Parkiet. Still, analysts expect the JSW price will increase by about 10 percent on its debut July 6.
From Warsaw Business Journal
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