Solocal Group : Update on the capital increase and our valuation
>Capital increase based on a discount - This note provides an update on Solocal in the context of the capital increase which is due to close on 5 October. Shareholders will be able to take part in the increase at a price of € 0.03 which offers a discount to our fundamental valuation. We have updated our model and our valuation which now stands at € 0.06 per share. We maintain our Neutral recommendation. We will wait for slightly clearer visibility: 1/ on the advertis...Solocal Group SA is a France-based company, which is engaged in local online communication. The Company provides digital content, advertising solutions and transactional services that connect people with local businesses. Solocal Group SA operates in France, Spain, Austria and the United Kingdom and supports the online development of SMB and client accounts, mainly through its four flagship brands: PagesJaunes (engaged in local advertising and information on the Internet and in mobile and print media), Mappy (a portal of services relating to travel: maps, journey planners, local area information searches, before and during the journey), Ooreka (a database of content with practical guides, tutorials, among others, written by such specialists as notaries, lawyers, doctors, electricians and gardeners, among others.
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.