Payment of the Q1 bond coupon cancelled. The COVID-19 crisis will massively weigh on the group’s businesses. Cost cutting and capex postponement on the cards. Visibility is getting close to zero. We believe the group can’t avoid a capital increase despite the low share price.
18 Mar 2020
Let’s be blunt: this is a nightmare…
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Let’s be blunt: this is a nightmare…
Solocal Group (LOCAL:PAR) | 0 0 0.7% | Mkt Cap: 635.9m
- Published:
18 Mar 2020 -
Author:
Fabrice Farigoule -
Pages:
3
Payment of the Q1 bond coupon cancelled. The COVID-19 crisis will massively weigh on the group’s businesses. Cost cutting and capex postponement on the cards. Visibility is getting close to zero. We believe the group can’t avoid a capital increase despite the low share price.