Despite a fundraiser in May positive Fideuram is one of the main list of titles most penalized. The action gives 2.7% to 6.65 euros. Even bad Mediolanum, down 2.95% to 6.9 euro, a mirror of a still high uncertainty on the fate of the equity markets.
From Albertini Dresdner still recommend caution before making new equity investments. Few titles on which the assessment is positive. “We have a positive opinion on Enel,” said Giuliana Porta, an analyst with sim, “Edison’s own assessment on even if we have any doubt about the possibility that once in the hands of Italenergia the company may be deprived of some important assets to create cash upstream of the chain of control. “
little hope for a recovery in the short term, but some moonlight begins to see. “The results above expectations, SAP and Nokia today to push European stocks to bounce, but these results are not sufficient to make disappear little positive sentiment,” said one manager, “Better to wait until after the summer to take positions on ‘equity, although some occasions there. And’ the case of Unicredito, to be accumulated at these prices, and Highways.
The Benetton Group will open 60 stores over the next two years, 40 of which will be managed directly by the Venetian society. Real estate investments will amount to 600/700 billion pounds by 2002. Always will be achieved by 2002 it will spin off real estate assets of the group, while for the project “United Web”, the division engaged in e-commerce, provides for the entry of two shareholders, who hold an equity stake equal to 25 %.
Months of rumors and leaks have led to some news: it was signed last night the agreement between Fiat and General Motors. Turin car maker then chooses an American wife to remain part of the major industry players, while General Motors is strengthening its position in Europe, where it already controls the brands Opel, Vauxhall and Saab. To sign the alliance, which includes the sale of 20% of Fiat Auto to U.S. giant in return of 5% equity stake in GM, which will Fiat holding company, Richard Wagoner, president of GM from both sides Paolo Fresco and Paolo Cantarella. This agreement could give breath to the company of the Agnelli family, which had remained until now the only one without allies in the sector.
The list of Milan live an easy to read, and for some weeks now totters on the wave of a severe correction. According to Stefano Fabiani, head of equity funds Zenit “is difficult to interpret the large fluctuations in these days. For the future, much will depend on the Nasdaq. If the index U.S. technology will be able to consolidate on current levels, albeit with some phase volatility, you can create a basis for sharing. In this sense, reasoning in a medium-term securities as Mondadori, L’Espresso, Telecom and Tim can be considered good chances to purchase, while in the short term l ‘ interest could be catalyzed by some undervalued securities of the traditional sector. e.Biscom in the new market I think is a very interesting way to potential, while I. Net is already an established fact. “
According to rumors the company formed by the merger of the satellite activities of the Dutch KPN and Telstra Australian prepares to launch an IPO likely debut at the same time as the London Stock Exchange. The equity placement would assess Station 12, born last month from the merger of satellite activities of the two companies involved, approximately 1 billion dollars. Station 12 holds 24 percent of the world market for satellite telecommunications.
Start with a bang for Ras, which earns more than 4% openness and trade share 14.58 euros. The CEO of the company, Mario Greek, announced yesterday that was revised upward ROE (Return on Equity) in 2003, which would rise from 13% to a revised estimate of 15% compared to 9.5% made in 2000. The company’s share in life insurance in Italy has risen from 6.7 to 9.2%.
FinPart plans to move from a turnover of 423 million euros, the figure achieved in 2001, approximately 671 million euros in 2004. The group would reach such an EBITDA amounted to 102.6 million euros in 2004 compared to 25.5 million euros recorded in 2001. The program would be developed through the divestiture of non-strategic equity investments and real estate assets by December 2002, an operation which will be followed by the intention to assess the best deals on the business in which the company believes it has already achieved a significant creation value.
Profile Bank closed 2001 with net profits fell by 76% to 3.07 million euros, intended to reserve for 405,000 euros and dividing the remainder (0.022 euros per share). The equity of the institution at the end of 2001 amounted to 117.9 million. Last year the bank’s revenues decreased by 24% and administrative means of 16.5%.