Yell Group faces demotion to small cap

Company directories, which is currently in the FTSE 250 and has a market capitalization of 286 million from £, saw its stock fall 72pc during the past year. He will join the small cap index on 20 December.

The Group met structural challenges based on the recession with his pile of debt more great burden to prove group. While debt is important to £ 2 9bn, it has been reduced by more than £ 4 a year ago.

Last month, the group suffered a downgrade by Moody, credit ratings agency said that there is a lack of visibility on the time of "recovery significant and lasting in the Yell operating performance." The analysts raised similar concerns about the future of the Yell. Numis Securities said: "Yell remains our preferred at least in the sector shares and should be seen as a speculative investment risk.

Goldman Sachs analysts also expressed concerns recently.

"We printed yellow pages know declines accelerate important ongoing revenues as structural pressures." Meanwhile, the competition online increases. We believe future EBITDA may be limited, leaving refinancing in 2013 a major issue, "he said."


View the original article here

You can leave a response, or trackback from your own site.

0 Response to "Yell Group faces demotion to small cap"

Post a Comment

Powered by Blogger