Analysts and management optimistic about today's WSE launch of Eldorado

Food distributor Eldorado is to make its debut on the Warsaw Stock Exchange (WSE) today, with the company and analysts generally optimistic about the launch. Commenting on the initial trading of the company's shares, Eldorado president Artur Kawa said, "I would be satisfied if the opening value would be similar to that of the issue price. But of course I hope it will be more than the zl.15." Analyst with PBK Asset Management, Boguslaw Tazbirek, said he estimated the share price would reach zl.17, but would not be surprised if it was higher, perhaps even zl.20. Puls Biznesu is also confident about the launch, describing the company's shareholder base as stable, since it is made up mainly of investment funds and entities with links to the company. The paper points out, however, that the price of Eldorado shares could be affected by the general mood on the WSE. (Puls Biznesu, p. 5) P.J.