NewConnect is 1 year old

NewConnect celebrated its first anniversary on 30 August. The creation of NewConnect was a milestone in the history of the Warsaw Stock Exchange and an important event for the entire Polish small business community. The new connection between companies and the public market quickly became the best growth option chosen by several dozen Polish companies. NewConnect is also complementary to the WSE regulated market. The new market offers a space for new, dynamically growing companies to raise capital faster and cheaper than on the regulated market.

REKLAMA

On this occasion, the WSE published a Report summarising the first 12 months of operation of NewConnect.

The NewConnect “Road to Maturity” report is available on www.newconnect.eu

IPOs

LUSATIA debuted on NewConnect on 13 August. The company’s core business is clothing production: coats, jackets, trousers and skirts as well as horse-riding trousers, protective clothing and hunting clothes as well as uniforms from heavy textiles. The company is the exclusive distributor in Poland of Bugatti men’s clothing produced by the German F.W. Brinkmann GmbH.

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PHARMENA listed on 25 August. The company’s core business includes the production and sale of dermocosmetics manufactured using patented active ingredients as well as research and development on active ingredients. The company holds a stake in Cortria Corporation in the USA where it continues R&D work started in Poland in order to register an innovative sclerosis medication in the US and Canadian market.

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The company Ekopol Górnośląski Holding was listed on NewConnect on 27 August. The company’s core business is to sell and store liquid fuels (diesel and petrol) and heating oil, to sell and store diesel for clients at Fuelmaster micro filling stations, and to sell and process metallurgical products. The company has around 250 customers of products, goods and services.

At the end of August 2008, 64 companies were listed on NewConnect, including 40 new listings in 2008.

Key Statistics

Percentage Index Change in August Year to date
NCINDEX -7.0% -60.8%
20 companies listed on NewConnect showed positive returns.

Highest Growth in Stock Prices in August
Company Price at 31.07.08 Price at 29.08.08 % change
DORADCY24 0.23 0.29 26.1
ZAKUPY 0.82 1.03 25.6
CENTKLIMA 10.33 12.23 18.4

Trading in shares and rights to shares on NewConnect was PLN 28 million, down 48% month on month.

Trading in Instruments (PLN M)*
Shares 26.8
Allotment certificates 1.1
* excluding block trades

For more information see the NewConnect website.
source: Warsaw Stock Exchange Promotion and Public Information Office