Locked content Raiffeisen asks to delay IPO. KNF denies

According to Bloomberg, the management of the Raiffeisen asked the Polish Financial Supervision Authority (KNF) to postpone the IPO after the end-June date set by KNF, citing uncertainty in the way the FX-denominated loans would be exchanged into PLN-denominated loans, as there are still several opt...

Locked content Petrolinvest removed from the WSE

Warsaw Stock Exchange announced that the shares of Petrolinvest have been permanently removed from the bourse indices, following the Financial Supervision Authority (KNF) decision to delist it. The company was additionally fined PLN 800,000. The decision is final, although the company can appeal to ...

Locked content WSE-listed companies with record-high average debt

While the number of indebted WSE-listed companies has dropped to 56, and the value of its debt has also fallen by 15 percent to PLN 27.3 million, which means that on average, a company owes nearly PLN 500 million, which is a record-high value, according to National Debt Registry (KRD) data. “The com...

Locked content WSE suspends Fenghua and Reinhold trading

The Warsaw Stock Exchange has suspended the trading of Fenghua and Reinhold shares, until both companies release their financial statements for 2015 and 2016, the bourse said in a market filing. Fenghua is a Chinese manufacturer of shoe soles, and had its trading suspended back in 2015, after failin...

Locked content InPost, Integer leave WSE

The shares of the postal operator Integer will be removed from the trading on the Warsaw Stock Exchange on May 11, the bourse said in a market filing. Additionally, the shares of Integer subsidiary, parcel locker operator InPost have been removed from the bourse on May 8. The decision has been made ...

Locked content WSE suspends trading of 12 companies

The Warsaw Stock Exchange has suspended the trading of a number of companies after they failed to provide the financial statements for 2016 on time. KDM Shipping, Ukrainian logistic company, dairy producer Milkiland, coal producers New World Resources, and Sadovaya Group will have their trading susp...

Locked content WSE Q1 net profit below consensus. Plans 10 IPOs this year

Warsaw Stock Exchange, had a PLN 27.7 million net profit in Q1 2017, up from PLN 25.5 million y/y and below PLN 31.1 million expected. The revenue stood at PLN 91 million, up from PLN 81 million y/y, while EBITDA was up from PLN 41.1 million last year, to PLN 46.8 million. According to the…

Locked content WSE sees 3-4 large debuts this year

The Warsaw Stock Exchange could see another 3 to 4 larger IPOs in 2017, the bourse supervisory board member Jarosław Grzywiński said following the Wednesday debut of grocery retailer Dino. According to Grzywiński there are several offers worth “PLN hundred million and more” in the pipeline and are b...

Locked content WSE expects 2-3 REIT-type debuts in 2017. Reino vehicle among them

The Warsaw Stock Exchange (WSE) hopes to attract two-three REIT-type investment vehicles this year, after the IPO of Griffin Premium RE. “It’s hard to say what the capitalization will be,” WSE acting CEO Jarosław Grzywiński said. Polish parliament is currently working on a new bill which would...

Locked content M Food mulls move to the WSE main market

M Food, which trades honey and beekeeping products wants to move its trading to the WSE main trading index this year, company said in a market filing. Since 2011, the company shares have been trading on the small cap, alternative NewConnect market. The company also plans to issue new shares to finan...