Final Word from Wednesday, September 22, 2004





The SEC again shook its finger at politicians who make statements affecting share prices. Premier Stanislav Gross had told the BBC that he likes the idea of floating the Český Telecom stake on the stock exchange, as a way to eliminate the influence of lobbyists. This sent the share price reeling, but Gross is an expert at saying one thing and then negating it a few seconds later. He proceeded to say that he'd tend to favor a tender if it were shown to bring more money, because of the premium for a majority stake. He also cleared the way for lobbyists to get involved by proclaiming that their activities are not in any way dishonest, only that their arguments are hard to evaluate. We hope we're wrong, but we understood Gross to mean that "arguments" might be more important than the bid price in the Telecom sale. That, indeed, could send the share price reeling.

PDF Archive

«September 2004»
SuMoTuWeThFrSa
 1234
567891011
12131415161718
19202122232425
2627282930 

Choose the year

Contact

Tel: 420 224 221 580
E-mail: info@fleet.cz

Published by

E.S. Best s.r.o.
Ovenecká 78/33
170 00 Prague 7
Czech Republic

Subscribe

Unsubscribe


FS Final Word
close