The share of distressed technical services provider Imtech going hard again defeat at Beursplein 5. Imtech lost shortly after opening a quarter of its value, SNS Securities estimates the share to 1 cent.
The company has no agreement with its financiers managed to achieve an additional loan and appear to be about to collapse. “The fact that they indicate that they see what can be saved, for example by selling individual parts, indicates crisis,” said analyst Jim Tehupuring the Probe Laying website
SEE ALSO.: Imtech: save what can be saved
Imtech shares lost last week, more than 80 percent of its market capitalization, by worries about the future of the company. Today it took quite a while before appeared an opening price on the signs, which was up to 25 percent.
At about 11.15 Imtech noted, at high volumes, still a minus of 19.4 percent at 0.58 euro. Last week, several analysts lowered their price targets on the stock. Thereby went most of 10 cents per share target price, only the Belgian bank KBC remained well above a target price of 0.50 euros per share. SNS Securities went so today one step further and put the target price, an earlier euro, up 1 cent.
No Getronics
Tehupuring also advises investors to stay away the share: “Everything comes with the possible sale of spare parts goes to the financiers, then there is not much left for the shareholders.” A resurrection like Getronics, which was acquired by KPN, he does not happen, “Getronics was able to conclude a deal with its bondholders, but that station seems to have passed for Imtech At Imtech that bondholders in fact the banks, which already have. indicated no more money to lend to Imtech “
See the analysis of Jim Tehupuring:.
Reuters
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