Astarta carries on with its shares buyback program
2014-02-11 15:15:25
According to the official statement released on the Warsaw Stock Exchange, agrarian holding Astarta purchased 3 thousand of its own shares from the exchange at PLN 66.4 per share. Total amount of funds used for purchase is estimated at PLN 199.2 thousand (USD 65.1 thousand). The purchase was made in the period from February 3 to February 7, 2014.
As noted by Alex Morgun, financial analyst of UkrAgroConsult, even trading activity of the company was not able to boost share price of the company, as the decline constituted -8.8% since January 2, 2014 until February 11, 2014. Total decline of UAIndex, a universal tool used for tracking market capitalization of Ukrainian public agrarian companies, fell -11.34%, however this decline also accounts for delisting of Sintal due to bankruptcy.
In case you are interested in state of agrarian sector within CIS region, please follow the link below to read UkrAgroConsult monthly report “Agrarian Business in CIS region” for January 2014 (featuring Ukraine). First issue is free of charge. You can subscribe to the report to receive it on a monthly basis.