We believe that the purchase of PMB by Mispol is value accretive for Mispol's shareholders.
On the back of the purchase we increase our 12M EFV from PLN 23.7 per share to PLN 26.5 per
share. Since we do not see much fundamental upside to our valuation we change our rating
from Buy to Hold. At the same time we keep our Overweight market relative weight intact,
expecting more acquisitions to be done by Mispol in the course of 2007.
TU MACZ CZY TO MUCH???
Sru czy TRHRU :) sami zdecydujcie czy sie nie opłaca.... a IMMO to jak robiło w bambuko lojtuufff :)