RE: Broker rating £3.5519 Dec 2024 18:20
From shares magazine(AJBell)
‘It is common for demerged stocks to experience share price wobbles in the first few days as a standalone listed company, as investors who inherited the stock decide if they want to stay or go,’ added Mould.
‘It can take a few weeks or months before the shareholder register shifts to individuals who want to hang around longer term.’
A portion of the shares are held by French financial institutions who are not able to invest in UK-listed companies.
In November this year, analysts at US investment bank JPMorgan valued Canal+ at around £5 billion or more than double its current market valuation.