InPost shares slump, as investors take stock

The quotations of the Polish logistics operator InPost, which made its debut on the Amsterdam stock exchange a year ago, once again deepen the historic low. On Thursday, the rate dropped to EUR 8.25 and was almost half the price in the public offering and by over 60 percent. lower than the February 2021 peak.
The discounts did not stop the purchases of shares made by Rafał Brzoska, the head of InPost. As Łukasz Wachełko, an analyst at Wood & Co., assessed in an interview with Wirtualny Media, the drop in the price of the Paczkomaty operator is more of a general market issue than a result of the company’s bad moves.
InPost made its debut on the Amsterdam stock exchange at the end of January 2021. The debut was successful, and initially the company’s share price went up by more than 30 percent. above the offer price.

This made the president and large shareholder of InPost Rafał Brzoska one of the richest Poles. Soon, however, the rate entered a downward trend, and its intensification was not prevented even by the shares being bought back by Rafał Brzoska. Only on Monday, the manager bought the company’s shares worth nearly EUR 2 million through his investment vehicle A&R Investments.

The sell-off also affected the shares of the Allegro e-commerce platform related to InPost, which lost almost 44 percent in the last 12 months. values. Allegro is facing the entry of the competition in the form of Amazon, and bad news for InPost is the construction of a network of parcel machines by Allegro, which may allow it to become independent from InPost.

However, as Łukasz Wachełko from Wood & Co. comments in an interview with Virtual Media, the sell-off of both companies is largely the result of changes in the attitude of investors from global markets. According to him, after the increases caused by the lockdowns in the first months of the COVID-19 pandemic, the stocks of technology companies are under severe pressure. Some financiers even estimate that we are dealing with the bursting of bubbles, many of which have grown up in the asset markets in the technological segment.

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