(Tiper Stock Exchange) – EnVent Capital Markets put in order “under review” the judgment and the target price Of Fenix Entertainment, a company listed on Euronext Growth Milan and active in the production of film and television content. The company closed 2022 with a production value of 33.4 million euros and a net financial position of 19.9 million euros, lower than analysts’ expectations for – respectively – 38.9 million euros and 18 .7 million euros.
“We had previously commented on the changing landscape for Fenix, with a different mix of businesses and a level of use of cash that translates into a significant financial burden – reads the research – We expect low profitability or losses in the short term and, as also stated by the management, further financing to rebalance the financial situation and relaunch production, which in turn implies a share price dilution“.
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