Despite positive news from analysts, Tim’s stock dropped on Piazza Affari. The Court of Appeal of Rome ordered the restitution of the concession fee for 1998 to the telephone company after a 15-year legal process. This ruling could bring out an important capital gain at the Spa level.
Kepler Cheuvreux experts believe that the potential reimbursement of 1 billion euros by the State following the legal proceedings would be a positive income for Tim. This gain could contribute to de-leveraging the company, gaining bargaining power in asset sales, or even financing dividends earlier than expected. However, uncertainties remain, including the Italian State’s efforts to find mitigating factors and issues around the industrial plan and corporate governance.
Equita experts commend Tim’s management for their cautious communication approach regarding this potential upside. They also expect that this ruling will bring out an important capital gain at the Spa level. Despite this good news, there are still challenges ahead for Tim in navigating legal and financial issues. The stock dropped by 2.33% after the session, highlighting continued volatility. Analysts caution that uncertainties may overshadow potential upside factors, keeping some investors out of the market radar.
In conclusion, while there is good news coming from analysts about potential reimbursement of funds by the Italian State, there are still challenges ahead for Tim in navigating legal and financial issues that could impact their stock price and overall performance.
