The stock has been in free fall since its exit from the MSCI index on 31 May. Blackrock already announced that it has reduced its stake to below 2%. A reverse stock split is on the cards. However, the exit from the index is the result of the stock’s sharp under-performance which started in late 2014. In our view, the group’s major issue lies in a crying equity shortage while global (oil prices collapse) and domestic issues (problematic resolution of troubled domestic banks) have m
06 Jun 2016
Share price in free fall
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Share price in free fall
Banco Comercial Portugues S.A. (0RJN:LON) | 0 0 0.0%
- Published:
06 Jun 2016 -
Author:
David Grinsztajn -
Pages:
3
The stock has been in free fall since its exit from the MSCI index on 31 May. Blackrock already announced that it has reduced its stake to below 2%. A reverse stock split is on the cards. However, the exit from the index is the result of the stock’s sharp under-performance which started in late 2014. In our view, the group’s major issue lies in a crying equity shortage while global (oil prices collapse) and domestic issues (problematic resolution of troubled domestic banks) have m