‘BAM in a difficult position’

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Published on 10 augustus 2020 10:31 |
Views: 3.835

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BAM
13:08

1,41
-0,01
(-0,71%)

AMSTERDAM (AFN) – The situation at builder BAM is currently not too rosy. Experts at ING conclude that after the builder announced that he had made an arrangement with banks about certain agreements. The scheme gives BAM some time.

The company was granted a number of exemptions from certain bank agreements, so-called waivers, for a period of twelve months after setbacks. Previously, BAM, which will publish its half-year figures on August 20, issued a profit warning and the company does not really have a positive ‘track record’ from an operational point of view. According to ING, all this makes it clear that BAM is in a difficult position.

In view of all the problems, according to experts, it is also not possible to clearly outline the path to recovery. In addition, the share of the builder is already trading at a relatively low price, they conclude. According to ING, more such messages will follow in the coming months. According to ING, BAM could think of selling parts to get some relief financially. The well-performing British division is mentioned as an example.

ING maintained its hold advice on BAM with a target price of 1.50 euros. After an hour of trading, the BAM share was listed 0.5 percent higher at 1.42 euros on Monday.

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BAM Group Royal

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  1. BAM is cracking and cracking up to that 500 with the AEX

  2. Don’t you know what else to do now, you’re just like an old gramophone record.

  3. Bosche market vendor wrote down 10 augustus 2020 11:35:

    Don’t you know what else to do now, you’re just like an old gramophone record.

    We are indeed familiar with Tolick’s repeated expectations by now. At that point the scratch in his image is deeper than the scratch in the gramophone record.

  4. tolick wrote down 10 augustus 2020 11:07:

    BAM is cracking and cracking up to that 500 with the AEX

    BAM is in the midcap;) …

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