Fnac Darty : Renewed speculative interest
We are adjusting our recommendations as the long-awaited profit warning was announced last week and, on the good news front, the group won its appeal in the Comet case in London and should by the end of the year retrieve the € 130m fine paid last year. Furthermore, the exit of Indexia (former 3rd largest shareholder) from the capital is likely to rekindle speculative flavour with an upside that would far outweigh the downside that could be created by a business environment that r...Fnac Darty is engaged in the leisure and entertainment, technology, and household appliances retail market in France and a player on markets in other countries where it operates such as Spain, Portugal, Belgium, the Netherlands and Switzerland. Fnac Darty also has franchise operations in Morocco, Qatar and Ivory Coast.
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.
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