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Stock market, RCS still rallying after the plan

CEO Cioli assured that the mandate for the capital increase "if it is exercised, it will be to implement the plan and it will not be a bad deal for the banks: the RCS ratios will be among the best on the market".

Continue recovery step i charge of Rcs. After yesterday's +12%, the publishing group's share on the Stock Exchange gains 6,4% today at mid-morning to 0,578 euros, achieving one of the best increases in all of Piazza Affari. 

The wave of buying was triggered yesterday by the presentation of the new RCS business plan and from the declarations of the CEO: “The market feared that the capital increase was imminent – ​​said Laura Cioli in an interview with Il Sole 24 Ore – and was done to repay the banks. But that was not the corporate interest. Now, if we exercise the delegation, we will do it for any development initiatives related to the plan and for nothing else". 

Consequently, the delegation for the increase, "if it is exercised, it will be to implement the plan - the CEO explained - will not be a bad deal for the banks: our ratios will be among the best on the market". 

As regards the disposals chapter, after the sale of Libri, "there is no space, nor the need to make other ones": only Veo remains to be sold, which "we will sell only in the presence of a suitable valuation which for us is higher than 50 million, otherwise we keep it”, concluded Cioli.

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