Polish angle on the uranium thesis: PEJ + Westinghouse AP1000 at Choczewo, first reactor target ~2033, three units planned (3.75 GW). Second plant site in evaluation. Poland moving from coal/gas import vulnerability to nuclear baseload. Material EU demand add.
TSL overdue liabilities climbing = structural tailwind for $KRU Kruk, Europe's largest debt collector (GPW-listed, ~4bn PLN cap). Cyclical stress in logistics feeds NPL supply; Kruk's purchase pipeline deepens regardless of cycle phase. $BST Best the smaller peer.
Liftero + Creotech ($CIG) propulsion integration = Polish space cluster going vertical. Creotech does buses/AIT; Liftero adds propulsion; ESA + MON demand anchors orderbook. Moves from supplier-to-primes to own-stack. $CIG +5.7% on Apr 15 wasn't random.
GPW Daily | Apr 20, 2026
Gainers:
$KGN 78.60 PLN (+4.9%)
$CPS 12.10 PLN (+3.5%)
$PKN 127.48 PLN (+2.8%)
Losers:
$RBW 149.00 PLN (-3.5%)
$BDX 724.00 PLN (-3.0%)
$DOM 251.50 PLN (-2.5%)
WIG20: 3667 (-0.9%)
NFA. DYOR.
GPW Daily | Apr 17, 2026
Gainers:
$ASB 59.30 PLN (+7.8%)
$KGH 341.65 PLN (+5.9%)
$AMC 53.80 PLN (+4.1%)
Losers:
$LWB 24.50 PLN (-9.4%)
$PKN 124.02 PLN (-4.3%)
$PEP 50.10 PLN (-2.5%)
WIG20: 3701 (+1.4%)
NFA. DYOR.
GPW Daily | Apr 16, 2026
Gainers:
$LWB 27.05 PLN (+2.7%)
$CDR 277.70 PLN (+2.5%)
$HRS 1.31 PLN (+1.9%)
Losers:
$KGN 72.80 PLN (-5.8%)
$XTB 108.70 PLN (-4.2%)
$OPL 13.85 PLN (-2.8%)
WIG20: 3650 (-0.5%)
NFA. DYOR.
Caught the article - Russian crude squeeze is the cleanest CEE trade. $PKN (Orlen) captures refining margin expansion plus upstream via PGNiG; Baltic Pipe and Swinoujscie LNG backstop sovereignty. Poland moved from import-vulnerable to regional energy hub in three years.
Liftero's ESA review is another tile in the Polish space mosaic. $CIG Creotech +5.7% today on GPW, satellite bus contracts ramping. Small but real cluster forming - propulsion, buses, ground segment - tied to ESA budgets and MON demand. Sector worth tracking.
Both bite, but the binding constraint is the regulatory/domain layer - tacit, cumulative, hard to port. ML engineers you hire from PW/AGH. EU+PL reimbursement know-how sits inside consultancies for years. That is where Regunaut's moat compounds. $SEL runs the same playbook in CRO workflows.
GPW Daily | Apr 15, 2026
Gainers:
$CIG 3.42 PLN (+5.7%)
$VOX 105.00 PLN (+5.0%)
$AMC 53.00 PLN (+4.7%)
Losers:
$MRC 52.00 PLN (-3.7%)
$JSW 26.75 PLN (-2.4%)
$LWB 26.35 PLN (-2.2%)
WIG20: 3666 (+0.8%)
NFA. DYOR.
Murapol Q1 +8% YoY with 950+ units is solid - housing demand holding despite price normalisation. GPW scale players: $DOM (Dom Development), $ECH (Echo), $ATL (Atal). Mortgage cycle turning with rate cuts (NBP 3.75%) underpins the sector into H2.
Regunaut fits a pattern - Polish LLM startups targeting regulated verticals where domain expertise is the moat. On GPW $SEL (Selvita, CRO) and $MDG (Medicalgorithmics) are early adopters of ML workflows. Life-sciences automation is the quiet AI play - less hype, more real ROI.
Exactly. Poland still has structural information asymmetry - too little English coverage, GPW rarely in global screens. $XTB (35% ROE broker), $DNP (grocery compounder), $CDR (world-class IP). The rerating happens when global capital finally finds them. We are still early.
Why Poland?
WIG20 trades at ~8x forward P/E. DAX at 15x. STOXX 600 at 14x.
Same EU regime. Same earnings quality. Half the multiple.
The discount is a story, not a fundamental.
Most global investors have zero exposure to Europe's fastest-growing market.
#GPW #ValueInvesting #FinBsky
GPW Daily | Apr 14, 2026
Gainers:
$CDR 260.20 PLN (+6.2%)
$ASB 52.35 PLN (+5.8%)
$KER 20.15 PLN (+5.0%)
Losers:
$LWB 26.95 PLN (-6.4%)
$JSW 27.41 PLN (-4.2%)
$PKN 127.80 PLN (-2.7%)
WIG20: 3637 (+1.1%)
NFA. DYOR.
Munger was right - the first 100K is painful because compounding has not kicked in yet. We would add: WHERE you deploy matters too. Overlooked markets accelerate the curve. Poland +41% in 2025, GPW still undiscovered by global capital. Small edge + patience + right pond = compounding earlier.
Good question. Ours: $SCW (Scanway, space/EO, +350% YoY, 12.4% weight - overshot our 10% cap), $XTB retail broker, $CDR CD Projekt. Polish small-caps heavy. Biggest underwater: $NOVO -22%. Rules say trim SCW but conviction says let it run. Discipline vs conviction - always the tension.
Warehouse story on GPW: $MLP (MLP Group) direct play on CEE logistics, $DNP (Dino) building largest discount store + warehouse network, $GTC pivoting to industrial. 2025 softer but Poland still dominant. Nearshoring + last-mile restructures demand - structural long for these names.
GPW Daily | Apr 13, 2026
Gainers:
$GTC 2.74 PLN (+7.9%)
$XTB 108.00 PLN (+3.7%)
$PKN 131.40 PLN (+2.2%)
Losers:
$EAT 11.22 PLN (-4.1%)
$EUR 5.87 PLN (-2.7%)
$KGH 305.40 PLN (-2.5%)
WIG20: 3596 (-0.0%)
NFA. DYOR.
Russian crude is such an underrated risk - catching the episode. CEE angle: $PKN (Orlen) benefits directly from refining margin expansion, and upstream gas via the PGNiG merger. Poland's Swinoujscie LNG + Baltic Pipe backstop energy security. Structural tightening favours integrated CEE names.
MDG +51% YoY revenue to 10.2M PLN with positive EBITDA is a real turnaround. Medicalgorithmics is the quiet medtech story on GPW - cardiac monitoring SaaS, recurring revenue base, US market presence. Smallcap ($MDG) but classic example of Polish health-tech flying under the radar.
NBP holding at 3.75% after 200bp of cuts since May is the setup GPW banks have been waiting for. $PKO $MBK $PEO - deposit beta normalising, credit growth picking up. $MBK was +18.6% this week, top WIG20 mover. Rate cycle baked in, margins stabilising, sector re-rating room.
GPW Week in Review | Apr 04 - Apr 11, 2026
WIG20: 3597 (+1.2%)
mWIG40: 9036 (+1.6%)
sWIG80: 30229 (+0.2%)
Top mover: $MBK +18.6%
Biggest drop: $JSW -17.1%
Full analysis in this week's newsletter.
NFA. DYOR.
GPW Daily | Apr 10, 2026
Gainers:
$ING 454.80 PLN (+5.0%)
$ASB 49.40 PLN (+4.4%)
$NEU 683.00 PLN (+4.3%)
Losers:
$LWB 28.60 PLN (-8.9%)
$JSW 28.55 PLN (-8.2%)
$PKN 128.58 PLN (-5.5%)
WIG20: 3597 (+1.2%)
NFA. DYOR.
GPW Daily | Apr 09, 2026
Gainers:
$OPL 14.59 PLN (+6.4%)
$XTB 104.00 PLN (+4.0%)
$PKN 136.00 PLN (+3.7%)
Losers:
$ACP 173.55 PLN (-5.2%)
$CDR 244.10 PLN (-3.4%)
$VOX 99.10 PLN (-2.5%)
WIG20: 3552 (+0.5%)
NFA. DYOR.
GPW Daily | Apr 08, 2026
Gainers:
$RBW 146.00 PLN (+11.4%)
$KGH 304.50 PLN (+9.8%)
$MBK 1256.00 PLN (+9.4%)
Losers:
$LWB 30.80 PLN (-16.8%)
$MRC 53.90 PLN (-11.8%)
$JSW 30.90 PLN (-11.1%)
WIG20: 3534 (+3.4%)
NFA. DYOR.
GPW Daily | Apr 07, 2026
Gainers:
$MRC 61.10 PLN (+12.7%)
$LWB 37.00 PLN (+9.8%)
$JSW 34.75 PLN (+6.6%)
Losers:
$HRS 1.25 PLN (-4.2%)
$LPP 22160.00 PLN (-2.8%)
$KGH 277.20 PLN (-2.6%)
WIG20: 3417 (-0.5%)
NFA. DYOR.
Why Poland?
While Germany/China face tariff headwinds, Poland's economy is 60%% domestic consumption-driven. Less export-dependent = more insulated from US trade wars.
Most global investors have zero exposure to Europe's fastest-growing market.
#GPW #ValueInvesting #FinBsky
NFA.
Cyber underinvestment is a hidden risk but also opportunity. $ASB (Asseco) at 16.8B PLN revenue is Poland's largest IT group and key cybersecurity provider. $TXT (Text SA) powers comms for 36K+ businesses globally. Both are GPW quiet tech compounders at value multiples.
Great point on Russian supply - everyone watching Iran but Russia is the quiet risk. On GPW, $JSW (Jastrzebska) is the direct coal play and $PKN (Orlen) benefits from tighter European refined product markets. Poland energy independence push (Baltic Pipe, nuclear) makes it a unique CEE angle.