2015-04-17 11:55 [Photo: PGNiG] 
Listed in WIG20 PGNiG intends to introduce next month discount program for strategic clients. This is not the only information from the gas company, which flowed to us recently. The company’s shares continue to rise, and from the beginning of the year gave up more than 30 percent.
The company reports that its amount of discount will depend on the amount of gas purchased in May-December 2015, rather than the prices at Commodity Exchange.
The Communication also states that the program is expected to last no longer than the time for a possible release of PGNiG by the President of the ERO of the obligation to submit tariffs for approval. To join it, the recipient must submit appropriate statement and answer at least 80 percent of the fuel ordered.
The creation of the program is the company’s response to the release of the gas market which, as stated by the president Zawisza, is imminent.
Investors enthusiastically commented on this information. After a poor start trading shares of the company wyszyły seen above the price at the close of yesterday’s session.
The company is engaged in the exploration and production of natural gas and crude oil, as well as import, storage, sale and distribution of gas heat and electricity. Has branches in countries such as Russia, Belgium, Pakistan, Belarus and Ukraine, Norway, Libya, Germany and Sweden.
On Wednesday, PGNiG informed about the change of the wholesale tariff ERO. The communication we read that the recipient buyer gas for resale and the major end-users with an annual consumption of more than 25 million m3), the average price of gas has been reduced by an average of 7.1% in the case of high-methane gas and 3.2% for nitrogen-rich gas.
The value of sales amounted to 20.9 billion Swiss francs. nvestors expected dividend for 2014 of 0.7 zł per share.
It was also noted low gas prices on world markets.
Its share price rising since mid-January. In the first quarter of this year, PGNiG has gained 23.32 percent. From the beginning of the year growth exceeded 30 percent. The biggest upsurge could be seen after the publication of the annual report on March 5. It is not surprising, since the improved performance by 47 percent. Last year, earned 2.823 billion PGNiG zł.
Analysts neutral approach to the company. DM mBank March report raised their recommendation to hold from reduce. Target price is 5,24 zł, ie less than the current market price. Also, it is recommended to keep these shares BZ WBK Brokerage House.
On Wednesday’s annual meeting of shareholders decided to allocate a dividend of 1.18 billion, for a total of 20 cents earnings per share.
Read more in Money.pl
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