Done: Alert MEDIACO for 2010 earnings.
Analysis: In a difficult sector context characterized by (i) a decrease the number of sites in the wake of global financial crisis, ((i) the arrival of many competitors lack of activity in their country and (iii) lower rates for rental and transportation locally, just published MEDIACO a profit warning, in which the company expects a net reduction of its 2010 earnings.
carriers press also reported rumors about a withdrawal of the reference shareholder information denied by the CEO of the company would revealed an impending capital increase to allow entry into the capital for an industrial partner Local. Recall that after the first half of 2010, the company posted revenues of MAD 64.5 million in depreciation of 31.9% compared to a year ago, an operating deficit of M MAD -13 , for a net loss of -14.5 million ZAR.
Conclusion: In difficulty MEDIACO confirms the uncertainty concerning the evolution of its activity, comforting our recommendation on suspension of the title.
Analysis: In a difficult sector context characterized by (i) a decrease the number of sites in the wake of global financial crisis, ((i) the arrival of many competitors lack of activity in their country and (iii) lower rates for rental and transportation locally, just published MEDIACO a profit warning, in which the company expects a net reduction of its 2010 earnings.
carriers press also reported rumors about a withdrawal of the reference shareholder information denied by the CEO of the company would revealed an impending capital increase to allow entry into the capital for an industrial partner Local. Recall that after the first half of 2010, the company posted revenues of MAD 64.5 million in depreciation of 31.9% compared to a year ago, an operating deficit of M MAD -13 , for a net loss of -14.5 million ZAR.
Conclusion: In difficulty MEDIACO confirms the uncertainty concerning the evolution of its activity, comforting our recommendation on suspension of the title.
BMCE Capital Bourse
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