Pietro Labriola CEO TIM group
Analysts do not like the guidelines given by the Board
An endless decline: -9% Monday, -13.99% Thursday and almost -17% today. One more session to forget for Telecomin the aftermath of the 13.99% thud in the wake of accounts and target that have disappointed the market. The stock, which also entered the volatility auction, dropped 16.85% to 0.25 euros per share at around 3 pm (after being suspended for excess of a decrease), a new all-time low. Analysts do not like the guidelines given by the Boardconsidered by Equita “a negative surprise”, even if “the impression is that at least they are conservative values and that the Ceo we tried to take time for the relaunch of the company “.
Then there is the story Inwitwith Telecom which communicated that “the binding offer received by the consortium of institutional investors led by Ardian, in relation to the purchase of the indirect shareholding in Inwit, concerns 41% of the share capital of the holding Daphne 3which holds 30.2% of the share capital of Italian Wireless Infrastructures “and” the consideration offered amounts to approximately 1.3 billion euros “.
Hand in hand with the widening of the red on the Ftse Mib (-4.1%), Telecom also loses further share and leaves 7.7% on the ground. In the aftermath of the publication of the accounts, analysts seem to agree that There are still many open questions about the future of societybut a right strategy of business it could free up the intrinsic value of the group.
“The new vision will allow a ServCo to compete on an equal basis with other market players. Regulatory benefits could allow potential combinations to be explored and capital allocation will also improve. The carve out Of NetcCo will allow to collect partnershipindustrial such as those of Open Fiber or financial ones“, underline the experts of Mediobanca.
That said, however, “the content and tone of the conference call it was very disappointing, as management struggled to answer many of the legitimate questions and concerns of the participants “, explains Akros Bankaccording to which “the guidance dell’Ebitda domestic, with its implicit decline of 15/20% in 2022, is difficult to square in the light of the recent ones Kpi operational and given that Dazn’s impact was partially anticipated in last year’s results“.
(He follows…)