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Investment idea: Mo-Bruk S.A. (Sector Waste Management; MBR PW)

Business description Mo-Bruk (Market cap PLN 1.36bn / EUR 302.2m) is the market leader of the Polish waste management sector, which is highly promising as Poland is still far behind other EU countries when it comes to waste processing (e.g. 42% of Polish waste is dumped on waste landfills vs. 1% in Germany) and has […]

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Other Posts

What does S&P‘s reclassification mean for the Warsaw Stock Exchange?

On August 21, 2026, following consultations that began in June 2026, S&P Dow Jones Indices announced its decision to reclassify Poland from an emerging market to a developed one. S&P had already indicated in June that it was considering Poland for the upgrade. Ranking as the world’s fifth best-performing stock market over the past three […]

Opportunities in Balkan public equities

A troubled history The Balkan countries had a much more difficult post-communist transition than other CEE countries. The breakup of Yugoslavia and the ensuing Yugoslav wars completely destroyed the trade infrastructure, with foreign direct investments completely bypassing the region and flowing to other Eastern European countries instead. The history has caused an economic impact still […]

IPO analysis: Rex Concepts S.A. (Market cap PLN 1.26bn/EUR 297.2m) – The fastest-growing quick-service restaurant chain in Eastern Europe

Business description Rex Concepts was established in 2022 by Olgierd Danielewicz and Peter Kaineder, both of whom previously held senior management roles at AmRest, the largest quick-service restaurant chain (QSR) operator in Central and Eastern Europe. They partnered with experienced food investor McWin and secured an exclusive regional master franchise agreement with Restaurant Brands International […]

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