Casino’s Board made a few positive announcements yesterday, following which the stock price ended the day 9.2% higher. Launch of second phase of the asset disposal plan and further simplification of the organisational structure in LatAm is likely to boost management’s credibility as well as investors’ sentiment. We reiterate our confidence in the company’s ability to turnaround the business (especially in France). Positive view maintained on the stock.
21 Aug 2019
Casino marching ahead
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Casino marching ahead
Casino, Guichard-Perrachon SA (CO:PAR) | 0 0 0.8% | Mkt Cap: 5,066m
- Published:
21 Aug 2019 -
Author:
Nishant Choudhary -
Pages:
2
Casino’s Board made a few positive announcements yesterday, following which the stock price ended the day 9.2% higher. Launch of second phase of the asset disposal plan and further simplification of the organisational structure in LatAm is likely to boost management’s credibility as well as investors’ sentiment. We reiterate our confidence in the company’s ability to turnaround the business (especially in France). Positive view maintained on the stock.