Onet Group shares soar in value by 45% in just three days

Over the last three days, shares of the Onet Group - (Grupa Onet) owner of leading portal Onet.pl - have increased in value by 45%, and the value of a single share at the close of trading yesterday stood at zl. 18.95. During Wednesday's trading alone the share value rose by 26.3%. According to BIG BG brokerage house analyst Katarzyna Perzak, this increase follows the statement of Onet's management board that the company's situation was good and improving systematically, in spite of decreases on the Warsaw Stock Exchange at the beginning of September. During the first 10 sessions of the month, Onet's value dropped to zl. 13.15 from zl. 20.2 a share. Perzak also considers recent extensive trading in the company's shares a signal that large investors have started accumulating them, taking advantage of the opportunity of a drastic discount. Onet.pl is the only Internet portal in Poland to have recorded a positive value in the EBITDA indicator over the first half of 2002. Onet.pl attracts over 5 million Internet users every month, approximately 46% of the domestic Internet market. (Prawo i Gospodarka, p. 17) M.T.