Mostostal Siedlce could soon be free from Polimex Cekop

During yesterday's general shareholders meeting of Mostostal Siedlce, financial investors showed an interest in purchasing a 55% stake of the developer from its strategic shareholder, Polimex Cekop. Such a decision would successfully block the idea to merge the two companies, a move s trongly opposed by the investors. The positive financial standing of M ostostal Siedlce, which is set to post a record high profit this year of zł. 17-20 million, also supports the investment. "We think that Polimex will accept our offer because it has ambitious investment plans, for which they need capital," said one of the investors' representative. If this year's financial projections are officially announced in the closest future, that means that the company is seriously undervalued. "The concern is in a good condition, and I think that its share price should be recorded with a price to profit indicator above 10 points. This indicates that its share price is around 50% under its real value," said Michał Sztabler, an analyst with BM BGŻ. (Parkiet, p. 1) A.K.