FY19 results in line and much weaker on manganese prices and Aubert&Duval The Argentine project is on hold (regulatory and local economic conditions) Prices depressed going into 2020, with the 2019-nCoV issue adding to the gloom A capital increase can’t be ruled out even if it is not (yet?) on management’s agenda We will revise our forecasts downwards and most likely factor in a (still theoretical) capital increase, with our target price obviously going down
20 Feb 2020
FY19 results down; a rights issue in the pipeline?
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FY19 results down; a rights issue in the pipeline?
Eramet SA (ERA:PAR) | 0 0 (-1.2%) | Mkt Cap: 3,199m
- Published:
20 Feb 2020 -
Author:
Fabrice Farigoule -
Pages:
3
FY19 results in line and much weaker on manganese prices and Aubert&Duval The Argentine project is on hold (regulatory and local economic conditions) Prices depressed going into 2020, with the 2019-nCoV issue adding to the gloom A capital increase can’t be ruled out even if it is not (yet?) on management’s agenda We will revise our forecasts downwards and most likely factor in a (still theoretical) capital increase, with our target price obviously going down