H1 18 offered no real surprises and sadly little was said during the conference call about cash reallocation. Beside the fact that it would partly reallocate, partly deleverage, management gave an impression of déjà vu. Too much cash available, and too little value-creating opportunity within reach? Only the future will tell. But we believe that the company is sanctioned too much by the market and that a lack of transparency is needed to reallocate the cash in the most efficient
30 Jul 2018
H1 18: no surprise, little said during the conference call about asset reallocation
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H1 18: no surprise, little said during the conference call about asset reallocation
Imerys SA (NK:PAR) | 0 0 1.4% | Mkt Cap: 6,735m
- Published:
30 Jul 2018 -
Author:
Felix Brunotte -
Pages:
4
H1 18 offered no real surprises and sadly little was said during the conference call about cash reallocation. Beside the fact that it would partly reallocate, partly deleverage, management gave an impression of déjà vu. Too much cash available, and too little value-creating opportunity within reach? Only the future will tell. But we believe that the company is sanctioned too much by the market and that a lack of transparency is needed to reallocate the cash in the most efficient