4 Comments

How do feel about investing in the parent company Asseco listed in Poland?

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Asseco poland is a very complex holding with many subsidiaries with high growth sales under the Formula Systems (Sapiens International, Magic Software, Matrix IT )but Asseco poland only owns a small portion of the shares for those entities and the Net profit attributable to shareholders of the parent company doesnt grow much. So EPS growth is disapointing.

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Good point Andrew. Especially the dedicated solution which is just 8% EBT Earning before tax. I think that segment should be deprioritze. Payment with 14-15% could be better and hasn't improved in the last 10 years, however it is in fast expansion so might be understandable. The banking unit with 25% is pretty good no? Do you have comparable that is better?

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Wish they had better margins

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