Warsaw (Puls Biznesu) – The producer of meat cans had the highest income out of all debutants this month.
Mispol sold its stock at an issue price of PLN 8 (EUR 1.9). The stock opened 23 percent higher and ended 10 percent up. Mispol is the seventh company listed this year and the third one this week (after Bankier and Pamapol). Marek Piatkowski, Mispol CEO confirmed the financial forecast of PLN 105m of sales and PLN 8.8m of net income this year. He said that the management would not pay out dividend this year and the next year.
“We are intensively investing. We want to build a long-term value and not promise too much”, the CEO said.
Mispol raised PLN 30m from the new issue. It plans to invest PLN 50m within two years. The company is opening a plant producing pet food at the end of this year. It is currently launching the sales of ready-to-eat food.
(PLN 1 = EUR 0.243)