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In 2014, 57% of analysts recommended "Buy", and 38% - "Hold" for ENEA's shares

Investor relations

Investor relations are a very important element of the common and integrated corporate communication for Enea SA Communication and channels and tools it uses are adjusted to the needs of particular groups of users, maintaining at the same time the principle of an equal access to information.

In 2014, as part of realised investor relations programme:

  • We participated in:
    • WallStreet conference organised by the Association of Individual Investors
    • Investor Relations congress organised by the Stock Exchange Issuers Association
    • EuroPOWER energy conference ("With energy to shares")
    • "Utilities, Mining & Industrials" conference organised by ING Securities
  • We were at investors' disposal from early morning hours until late evening hours - phone conversations, e-mail messages, one-to-one meetings
    • We met capital market participants each quarter as part of conferences devoted to results
    • We took care so that the "Investor Relations" tab on ENEA's corporate website and in the "Enea SA for investors" mobile application include the latest information
    • For each important event, we published a dedicated investor presentation and the key financial and operating data on the website in formats easy to analyse
    • We systematically sent the investor newsletter including the most important information from Enea Group
  • We organised seminars - "Enea Shares knowledge with the market" cycle
  • We participated in "Investor Action" organised by Puls Biznesu 
  • We met representatives of TFI (investment fund companies) and OFE (open-end retirement funds) through brokerage houses

  • Every investor is equally important for Enea Group

  • We received a honorary mention for the best presentation of financial data in the report on operations in "The Best Annual Report” competition

  • We were qualified to 2nd stage of the Issuer's Golden Site competition

  • We replied to over 350 e-mail messages and answered 200 phones from investors 

Recommendations issued for Enea in 2014:

Date of issueInstitutionRecommendationTarget priceIssue date price
5 December DM mBanku "Hold" 17.2 17.00
24 November Societe Generale "Hold" 17.2 17.60
19 November Deutsche Bank "Hold" 17 17.60
18 November UniCredit Poland "Buy" 20.4 17.21
5 November BESI "Buy" 18.25 16.00
31 October DM mBanku "Accumulate" 17.2 16.00
30 October DM PKO BP "Buy" 17.5 16.10
28 October ING Securities "Buy" 17 15.89
18 September DM BZ WBK "Buy" 19.3 16.24
16 July DM Banku Handlowego "Neutral" 16.9 15.56
26 June DM Trigon "Buy" 20 16.20
16 June WOOD & Company "Sell" 15.2 16.00
3 June DM mBanku "Accumulate" 17.33 16.07
14 April Deutsche Bank "Hold" 15.7 14.98
7 April DM mBanku "Accumulate" 17.22 16.00
28 March DM Banku Handlowego "Neutral" 14.2 15.37
13 March Raiffeisen Centrobank "Hold" 15.3 14.68
28 February DM PKO BP "Buy" 16.2 14.15
30 January DM BZ WBK "Buy" 16.5 13.20
15 January DM mBanku "Buy" 17.22 12.55
7 January Ipopema Securities "Hold" 14.3 13.94