From whatever height you fall, sooner or later you will hit the ground. Also on the stock exchange. This is exactly what is happening to the shares of Seat Pagine Gialle, which in the last few hours have suffered yet another collapse in Piazza Affari (-3% just under an hour after the close of the markets) almost reaching the worst impact hard: the total zeroing, the complete loss of value.
It's not far off: at the moment each stock of the company is trading at just over two cents. To be precise, 0,0256 euros. This is the result of a stock market performance worthy of a horror film: the company's shares dropped 69,92% in the year, 56,16% in six months and 12,33% in the last 30 days.
The latest collapse is linked to the announcement made yesterday evening, when Seat communicated that, despite the availability of financial resources, it will not pay the repayment installment and the portion of interest on the senior debt maturing in December, for a total value of 55 million euros. The deadline to be able to find a final solution for all stakeholders is January 16th.
