Agora looking aggressive as it pays first dividend

Some market analysts see the zł.0.5 per share payout as a sign that the company will focus on posting high profit for future dividends and buy back some of its shares. However, Agora deputy president Zbigniew Bąk denies this "We are still focusing mainly on development... It is rather a symbolic dividend. After we pay it out we will still have a significant amount of money for investments left," Bąk said. The amount he is referring to is around zł.160 million. "We could afford acquisitions amounting to zł.1 billion. The problem is not the money, but the lack of opportunities," said Bąk, unwilling to state if any transactions would take place during the next six months. "Opportunities emerge unexpectedly and when they do we always start talks," he added. Market watchers cannot predict which company operating in a similar sector would be Agora's potential take over target as there are currently none available at a reasonable price. (Puls Biznesu, pp. 1, 10) D.W.