New Street: Iliad (Buy, TP: €220, +85%) Iliad is buying back shares, you should too
Iliad has disclosed on its website that it is buying back shares. Since May it has bought back c€92m (1.3% of the current Mkt. Cap.) of shares at a price of between €130-€137. We think that this sends a clear signal that it thinks its shares are undervalued - we agree, and we think that investors should be buying as well – read our recent Buy report.
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New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
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