Edipresse loses share value
The media company based in western Switzerland suffered a sharp drop in its stock price at the start of the week.
The listed media group from French-speaking Switzerland
Edipresse saw its share price plummet at the beginning of the week. Although the
publishing house on Monday, one month after the launch of the
free newspaper Le Matin Bleu, still drew a positive balance, the
bearer share 5 %, the less traded registered share even 13 %. The
bearer shares have lost almost 30 % in value since the end of June, according to the
HandelsZeitung reports. "We have already developed a
recommendation to Reduce when the share price was around CHF 600
traded," says Scott Weldon, equity analyst at Lombard Odier
Darier Hentsch. Despite the sharp fall in the share price, Weldon remains with
his recommendation. Because he is certain that the launch of 20
Minutes in French-speaking Switzerland had a negative impact on the subscription newspapers of
Edipresse will have an impact.
Edipresse saw its share price plummet at the beginning of the week. Although the
publishing house on Monday, one month after the launch of the
free newspaper Le Matin Bleu, still drew a positive balance, the
bearer share 5 %, the less traded registered share even 13 %. The
bearer shares have lost almost 30 % in value since the end of June, according to the
HandelsZeitung reports. "We have already developed a
recommendation to Reduce when the share price was around CHF 600
traded," says Scott Weldon, equity analyst at Lombard Odier
Darier Hentsch. Despite the sharp fall in the share price, Weldon remains with
his recommendation. Because he is certain that the launch of 20
Minutes in French-speaking Switzerland had a negative impact on the subscription newspapers of
Edipresse will have an impact.
