In Brief: Groclin Auto up; Szeptel down; Netia; FT fails to buy TPSA stake

The stock price of Inter Groclin Auto rose by 250% in 2002, which made it the best investment on the Warsaw Stock Exchange. Despite this, the company's President Zbigniew Drzymala claims that the shares are still undervalued. (Parkiet, p. 3) ... Over 1 million shares of Szeptel were sold yesterday. Since the beginning of December, the company's shares have been losing value and yesterday they were available at zl. 0.97, which is only zl. 0.02 more than the company's minimum ever recorded. (Parkiet, p. 3) ... The price of Netia shares has fallen by 20% over the last month. According to analysts, the decrease should be attributed to the approaching launch of its 310 million share issue. (Parkiet, p. 3) ... France Telecom (FT) did not take the opportunity to purchase a 2.5%-plus-one-share stake in TPSA by the end of 2002. This also meant that the State Budget lost a chance to gain around zl. 550 million. The French, however, have no intention of resigning from TPSA. (Puls Biznesu, p. 6). K.Z.