Success and euphoria hallmark J.W. Construction's debut

"JW Construction was pulled up by the trend of recent successful debuts...the result was met with euphoria from investors," said Michał Sztabler, analyst with DM PKO BP. He stressed that the high debut price surprised him, as the trend for developer companies recently was growing poorer, and apart from that, JWC is not the best company on the market. "The margins, which were recorded in 2006 and at the beginning of this year, are already gone. [...] Lower margins will be made up by selling a larger number of apartments and thus their profits will keep on growing," said Włodzimierz Giller of DB Securities. (Parkiet, p. 6; Rzeczpospolita, pp. B1, B5; Puls Biznesu, pp. 1, 8) M.M.