Content of the report:
- The Share Price Will Remain At 1.2 EUR Level;
- Ekspress Group Reported 189 Million Loss For FY 2009;
- Very High Business Risk Mainly Due To Enormous Liabilities;
- New Agreement With Syndicate;
- Group Sells Rahva Raamat AS;
- BBA Investment Rating.
Summary of the report:
Due to enormous liabilities, negative financial performance and the fact that market recovery will be limited in long-term, author of this report considers mid-term business risk of Ekspress Grupp to be very high.
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