Vladimír Urbánek (Kurzy.cz)
Czech markets  |  March 27, 2013 12:41:20

Shares TO2 find themselves below CZK 300 - returns to effect as of 2004

Shares HC2 during this morning under a relatively strong selling pressure drop below 300 CZK, which last moved in July 2004!
The exact reasons are not clear, but some explanation offers compared to last redemption, during which the title is moved at about 10 times the approved net dividend. When applying this ratio to the proposed dividend for the year 2012 in the amount of CZK 30 (20 + 10 divi reduction in net worth) to get to the level under the aforementioned 300korunovou border.

Shares TO2 probably does itself no favors yesterday's information on the intention of the parent Spanish Telefónica SA to sell the shares, which the company had previously withdrawn from the market itself - seeTelefónica SA plans to sell its own shares on the market for 1 mld.EUR.

Details of current and historical development of share prices HC2 find in detail in this CP

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Akcie TO2 se ocitají pod hranicí 300 Kč - vrací se zpět do r.2004

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