It is Dmail Group, a company that operates in the media commerce and local media sectors, the absolute pink jersey of the Italian Stock Exchange in the first quarter of 2013. The company, which in the first week of March reached an agreement with Rotosud (whose reference shareholder is Vittorio Farina) for the subscription of part of the capital increase for a total of 13,78 million euros, has achieved a 130% increase since the beginning of the year. Complicit in success, the strategy of mere speculation that characterizes the company. Then, at a great distance, Edison Rsp (+2013%), Safilo Group (+63%), Ikf (+61%) and Snai (+56%) shares follow in the ranking of the greatest increases in 55.
The month of March partially consolidated the trend started at the beginning of the year especially as regards the performances of Safilo and Dmail which recorded another increase of 25%. But the queen of the Stock Exchange last month was the Intermobiliare bank which recorded a 38% increase on the wings of rumors of its sale by the reference shareholder Veneto Banca to the Swiss giant UBS.
These are all particularly significant increases if we consider the unfortunate performance of the Italian Stock Exchange since the beginning of the year, which has turned out to be one of the worst stock exchanges in Europe due to the resurgent political uncertainties and the tensions arising on the financial markets following the Cyprus. Tensions that have directly affected the Italian banks which, as we know, represent the heart of the stock market.
The worst performance of the Milan Stock Exchange in the first quarter is instead the prerogative of Seat Pagine Gialle which pays, with a reduction of 63%, the state of instability and substantial insolvency which the company has reached after the plunder carried out by the funds which year after year have climbed it into debt. At the beginning of February, Seat found itself unable to repay an expiring bond and – as soon as the news broke – the stock plummeted. In two, three sessions he lost almost 60% reaching a value of 0,007 euros. On 1 March, the Court of Turin granted the company a 120-day deadline for the presentation of the composition with creditors proposal. In clear decline Antichi Pellettieri (-36%), Telecom Italia Media (which, with a -36% discounts the sale of La7 and the consequent deflating of the share), Banca Carige (-33%, on which the market has many doubts after the recent inspection by the Bank of Italy and the unbundling of a part of the branches) and Banca Popp Etruria e Lazio (-25%).
During the month, in addition to Telecom Italia Media (-41%), Gemina Rsp lost its share (-28%, due to the exchange linked to the merger with Atlantida) and then Ergycapital (-27%), Banco Popolare which submitted accounts lower than market expectations (-21%) and Antichi Pellettieri (-21%).
