Moneyweb: Market warms to Echo Polska after glacial start (part 1)

When Poland-focused property company Echo Polska Properties (EPP) listed on the JSE in September last year, investors probably overlooked it for larger counters already on the local bourse. EPP’s JSE-debut came weeks after the listing of offshore counters Hammerson Properties and Globe Trade Centre – at a time when concerns grew in the asset management industry about the limited investor pool of capital to support the flurry of new listings. Among others, these factors have seen EPP’s share price shed 21% since listing.

 

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