Grupa ITI announcement sparks shares fall for TVN

The company's share standing fell by 11% in just one day as a result of the news. However, analysts predict that shareholders will be unwilling to sell their shares. "Right now I do not expect high supply, but I am sure that within the next few weeks or months some of the investors will sell their shares," said Piotr Wiśniewski, analyst with Amerbrokers. An anonymous London City banker stated that over 20 important financial investors own the shares and it would be impossible for them to sell all of the shares at once. TVN is preparing to buy back its shares and has earmarked zł.171.4 million for this purpose. "The buy back announcement neutralizes the risk of high supply," added Wiśniewski. (Puls Biznesu, p. 6) D.W.