Naturgy : Confirmation of € 4.9bn writedown on generation assets in H1 2018
>Writedown does not alter our opinion of the stock - This announcement of a writedown of generation assets had been expected since the strategy presentation of 26 June, and therefore comes as no surprise. Only the timeframe has been specifically clarified with a factoring in of this value adjustment in the H1 2018 accounts. Beyond this announcement, we are sticking with our Neutral recommendation and target price of € 21.00. The investment recommendation remains based...Gas Natural SDG is a gas company based in Spain. Co. and its subsidiaries are primarily engaged in the supply, transportation, distribution and commercialization of piped natural gas, as well as the activities involving exploration and developing, supply, regasification, liquefaction and storage of natural gas, and the generation and commercialization of electricity. Co. operates mainly in Spain and also outside of Spain, especially in Latin America, Puerto Rico, Italy, France and Africa (through Maghreb-Europe gas pipeline and integrated LNG projects in Algeria).
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.