to miło :)
pozdrawiam
Akcjonariuszy

no piękny performance, na tle rynku wręcz fenomenalnie. mam nadzieję ze ten kto dolowal kurs na koniec roku, teraz prcuje nad wzrostem, ciekawe czy to jest animator.

Watch the trades and wild fluctuations - looks like a pump and dump - history may show a bump up like yesterday and then a dive - let's see. I hope they can sustain as they are one of the few that are really working their business hard from what I can see

I do not mind the short term share price fluctuation, if they succeed with trimtab and call centre acquisition (parkiet wrote about it few weeks ago), the price will grow together with growing results. I still believe that the overall market situation works for them, outsourcing is now at top of mind of all managers who have to cut internal overheads and cost of acquisition.

My view is that the share price will reach a minimum of 15 pln by the end of August.

Krępy - your thoughts are well taken. You are spot on about outsourcing.

I would hope to see them reach that level by August. Personally I like their model, I like the enthusiasm of their management etc. What worries me is that in a pervasive market slowdown many of their clients (whose products are very discretionary) may see significant flattening or a diminution in sales unit volume which wold have a knock on effect for ARR.

I would like to see them look to diversify some to areas that may not be as sensitive to the discretionary buyer market.

A beer says they will be at no more than 9pln as of August 28th. (mark your calendar! mine is) Loser chooses the location (in Warsaw)

How foolish of me - the Winner of course chooses the location (in Warsaw) - let me bang my head against the wall again and maybe I will get it right next time!

Buffet, I will drink beer with with pleasure on your expense hopefully.

The winner is the one who is closer to the price on the 28th of August. if it is 12 pln, no one wins

Krępy ,

Why not - here is the deal, if it is 12 we have a beer anyway - no reason to pass on a beer for the sake of the number 12, life is too short to miss the opportunity!

Obviously for the sake of the shareholders it would be great if you are the closest! Hmmm - maybe I should buy a few just to add some skin to the game.

Buffet,

it suits me very well. I was searching their web for new information about ARR, and here it comes the text from yesterday's Parkiet (www.arteria.pl - go and have a look). I believe (if they do it right) it makes my position stronger in the game.

rgds

Krępy - thanks for the info and link. I don't follow ARR too much as I do not hold any of their equity.

Some good, positive info there from ARR. From what I see from the execution perspective they do better than most in Poland. They seem to have an aggressive group and a solid creative staff. On that side, I think they will do well; my big question remains about the underlying business environment and the discretionary nature of a lot of the products they receive commissions on. (if those areas fold then the revenue stream can dry up pretty fast).

Hopefuly, they will quickly get new revenue lines

Buffet, it seems they are getting closer to the price :-)

Buffet, do you still look at arr? whats your view today?

Krepy - very impressive! (Have been traveling a bit out of touch)

Looks like the beer money will come from my pocket - always happy to lose a wager like this. Hope to see them keep this up - really bucking the market trends.

Do we wait until September or the I am the winner once the price hits 15?

Let's look back at the text of what we agreed - being old, it is hard to remember!

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