Tim loses another 0.47%, Labriola’s road show begins on Friday to convince investors
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Piazza Affari runs, but Tim misses yet another rebound. The shares of the former monopolist lost another 0.47% to 0.2108 euros in what is a real collapse that began with the presentation of the new industrial plan last Thursday. The market does not believe in the objectives set by the CEO, Pietro Labriola. And it complicates the manager’s path towards the meeting on April 23rd: at the moment the board of directors list is the only one in the running, but there is time until March 28th to present others. They could also count on the support of the first shareholder, Vivendi, which has 23.7% of the capital. Even more so if – as they say – there was shadow potential on the list.
Labriola hopes to reverse the direction of the market with meetings with analysts and above all with the road show with investors which will start next Friday in Milan. At the beginning of next week, according to what appears, we will continue with London and Paris.
Meanwhile, after the stock crash that welcomed the plan on Thursday, and the extraordinary board of directors meeting that was held on Sunday and the continued decline in shares, despite the additions to the plan, the meetings between top management and analysts continue.
On Monday Tim specified that it will generate positive cash (500 million, 800 million if normalized) in 2026 and that the debt in 2024 is expected to be 7.5 billion, after the sale of the network to Kkr. Numbers which, although expected after the call with analysts on the plan, did not reassure the market. And some of the insiders doubt that the cash targets will actually be achieved. And consequently the debt may not fall below twice the EBITDA.
Prime Minister Giorgia Meloni also spoke on Tim’s difficulties and responded to those who asked her if she was worried that the recent market situation could destabilize Tim and put the transfer of the network to KKR at risk: «We are working on it, it’s a very complex dossier, we are working on it.”
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