Market Reaction: Slightly positive. The amount allocated is in line with our expectations of US$25-33 mm. While this is good news, maintaining material and recurrent payment remains key to the rerating of the shares. There have been a few false starts in the past.
07 Sep 2015
TO RECEIVE US$30 MM FROM THE KRG IN SEPTEMBER
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TO RECEIVE US$30 MM FROM THE KRG IN SEPTEMBER
Genel Energy PLC (GENL:LON) | 82.7 -0.9 (-1.3%) | Mkt Cap: 231.1m
- Published:
07 Sep 2015 -
Author:
Stephane Foucaud -
Pages:
2
Market Reaction: Slightly positive. The amount allocated is in line with our expectations of US$25-33 mm. While this is good news, maintaining material and recurrent payment remains key to the rerating of the shares. There have been a few false starts in the past.