Report
Flow Traders : Change in narrative initiated, with a mixed market reception
>Debt portion small, but the direction of travel is worth noting - The recent Q2 print was marked by three negative factors: 1) miss to consensus estimates, 2) further market share deterioration, and 3) the suspension of the dividend; and one positive - € 25m in debt for trading capital upsizing. This is a small figure (c.4% of current trading capital), however we think the direction of travel is noteworthy. This is the first step which FLOW will use as a proof-of-con...
Underlying
FLOW TRADERS LTD
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Julian Dobrovolschi
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