Tour Eiffel: Invest Securities' opinion on cap inrease
(CercleFinance.com) - The analyst believes that the capital increase (up to E600m, issue price E5.
15) should enable the property company to implement its strategic plan with confidence, based on a healthy balance sheet.
The price to be paid is high dilution. Analysts' valuations of the share do not show any upside potential, hence their recommendation not to subscribe for any new shareholders, they say.
Existing shareholders could, however, from a long-term perspective, support this life-saving initiative, the broker adds.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
15) should enable the property company to implement its strategic plan with confidence, based on a healthy balance sheet.
The price to be paid is high dilution. Analysts' valuations of the share do not show any upside potential, hence their recommendation not to subscribe for any new shareholders, they say.
Existing shareholders could, however, from a long-term perspective, support this life-saving initiative, the broker adds.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.