Wednesday, April 8, 2015

The company on: The PGNiG expensive since 2013. What’s next? – Money.pl

2015-04-08 11:55

 Company of: The PGNiG most expensive since 2013. What's next?

[Photo: PGNiG]

The PGNiG prices rose by noon nearly 2.5 percent. This is the best company in the WIG 20 today, and one of the leaders from the beginning of the year. The market value of almost 34 billion zlotys – the highest for several months. According to analysts, DM BOS this may not stop.

BOS Brokerage analysts raised their recommendation for the Polish Oil and Gas Company to “buy” from “sell” and price target – to 6.15 from 4.35 zł zł previously. If the estimates of experts to check, the shares may gain even about 7 percent.

Before noon for one piece on the Stock Exchange, investors pay less than 5.80 zł, or nearly 3 percent more than Tuesday’s closing. Securities PGNiG is the leader among the largest companies grouped in WIG20. Equity holders of the winning streak lasts from the beginning of this year. At this time could make them 30 percent. So rapid increase is not noted any other blue chips.

The fuel for the growth was the publication of the annual report on March 5. Last year, the group improved its performance by 47 percent. “On a purely” earned 2.82 billion. In 2013, net profit did not exceed 2 billion. DM BOS Analysts predict that profit will fall to 2.61 billion in 2015, with an increase in revenues from sales to the level of 36.62 billion.

The rising prices of shares is not the only profit for shareholders. April 16 general meeting decides to allocate PLN 944 million dividend, which will give payment in the amount of 16 cents per share. Probable date of record is July 15. Money in the account holders of shares may occur about 4 August. Last year, the dividend went from 885 million PLN 1.68 billion profit.

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