Tim’s board of directors called to approve the 2021 accounts and the new business plan
Yesterday’s collapse on the stock market, with shares down 9 percentage points, had caused concern beyond measure Tim. The association of small shareholders, Asatihad sent a letter to Consob believing there had been one leak of news on the eve of the company’s board of directors to present the accounts. Board of Directors which has the main task of defining three points: the first is the answer to Kkr, the second is relative to the split between a netco and a newcothe third is the single network.
Let’s start with the offer of the Americans: persistent voices claim that at the moment Labriola’s plan is not to follow up on the American initiative or, at least, not to dissolve doubts immediately. The value attributed to the shares by the fund is 0.505, a far cry from the amount recorded in Vivendi’s balance sheet, which has it for a share of around 0.8. Under these conditions, it is not worthwhile to sell. But the problem is that in the meantime, the company has returned to a quotation very far from the 11 billion Americans: at the end of the session today we are just over 7 billion.
So what to do? According to accredited sources, if Kkr cannot raise the price of the takeover bid to around € 0.7-0.8 per share, with a company valuation of over 14 billion, the most convenient situation could be an investment in Netco, the company within which not only the secondary, primary and interurban networks should be assigned, but also the exchanges, the “pop” points, the data centers and the company Sparklewhich has a valuation in excess of one billion.
The second essential point is to understand how to operate the split between netco and serviceco. First of all, as he reports Republicbetween the decline in revenues and the provision for Dazn, Tim could find himself having to carry out a budget cleanup of about 4 billion.
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