The Mps title marked the new all-time low at 0,1857 euro, and then rise slightly. The previous low was last January 10 at 0,19 euros. At the end of the morning the shares lost 1,4% in Piazza Affari.
Today the Sole 24 Ore writes that the banking group could issue up to one billion Co.Co. bond to achieve the capitalization objectives required by the EBA (3,2 billion). The other 2,2 billion comes from the optimization of risk assessment methods, from capital management on Fresh 2003 and 2008 convertible loans and from the imminent sale of 60% of Biverbanca.
“From the point of view of the market, the issuance of Co.Co bonds is in any case dilutive on the EPS and therefore the share prices adjust to the new prospective profitability, pending the new industrial plan”, explains an analyst.
Meanwhile trade union organisations of Banca MPS say they are "absolutely opposed in political terms" to the non-payment of the production bonus (VAP) communicated by the company, which would lead to a further reduction in workers' income after what has already occurred with the non-recognition of the incentive system and overtime for executives". This decision, the unions say in a note, could "have a demotivating effect on personnel".
