This weekend has seen a statement acknowledging that the company did not adequately inform investors about 9 years. The sentence will be appealed by the company could provide substantial compensation.
I am not surprised that this morning after the news became known on the market, shares go down VIVENDI more than 3% in fact currently listed in the environment of the 18 Euros. I take the fact that a good time to ask again if the price is always summarizes all information about a value, I repeat again that I do not think, because as it is possible to understand what happened cuendo was known to all the claim at issue to the point that the company will reflect in its financial statements.
Ni tratra view is that a manipulation to sell more shares to small investors and buy a really attractive price. Since the company has grown significantly in size after the acquisition a telephone operator ne BRAZIL, I will not go into a detailed fundamental analysis right now but I leave some UDS data to reflect on this. The data do not take into account the acquisition recently made.
1) the company's capitalization is now approximately 22,500 Mill / Euros.
2) Its net debt is about 8,000 miles / Euros. Liquid assets (Cash and equivalents) prior to acquisition just made in brazil over 3,000 Mill / Euros.
3) The net attributable profit stands in the vicinity of the 2,800-mile / Euros. EBITA in the environment of 5,400 all with a turnover of more than 27,000 miles / Euros.
4) In 2008 the operating cash flow net of debt interest and taxes exceeded the 3,700 Mill / Euros.
5) The company is a leader in the gaming industry is the second telecommunications operator in France and has a leading position in the media sector.
"It seems strange right?, Hard four pesetas and forgiveness because it is the equivalent in euros. For me, apart from what today is known not final and of course if confirmed on appeal would have its effect on the company do not see what has happened and the stock price. Clearly there are risks and that part of their revenues depend on a sector such as entertainment at the moment with difficulties but is no less true that trading at attractive rates and the acquisition in Brazil looks like a medium-term opportunity or at least what some analysts saying he tried to buy TELEFONICA
Reflections and decide but my point is that the value of the company is well above the price at which the market now recognizes, of course if it continues its descent and investment can be made to 16.5 the better but we never know is how far he can get the margin that the market will give us and if we must be clear how much is enough for everyone .
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