Vladimír Urbánek (Kurzy.cz)
Czech markets  |  March 25, 2013 13:23:32

Tatra: On Thursday, 12, 29 CZK today!? Hope dies last

Tatra shares briefly traded today to the limit of CZK 29. In itself nothing quite remarkable, unless you disregard the fact that last Thursday at the height of "hopelessness" of small shareholders, who after the auction sale held automaker already basically worthless papers, the price was at a new historic low at 12 CZK, where fell within one week from the earlier of around CZK 70. What has changed since Thursday, what proved to raise the price depreciated title by more than 140%. In principle, apparently nothing but hope and discovered that, as is known, dies last. Hope meant to be challenging the auction, which has not in fact become final, giving space to challenge the outcome. And then another message about the great effort "recipient Tatras" to get all-important contract in India worth several billion.Any success in India could greatly helped to revive Kopřivnice.
If the results confirm the auction is most likely that the shareholders hope this finally goes out, which is again reflected significant movements of shares of the company.

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