Danieli: Still Large Backlogs, Play On The Savings Shares
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Danieli's savings shares present potential benefits over ordinary shares, with a possible conversion event that could enhance due diligence and index weighting. Despite a drop in steelmaking profits, the plant-making business is robust, backed by a strong backlog and potential new contracts.
January 01, 2025 | 3:00 pm
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Danieli's savings shares may offer advantages over ordinary shares due to a potential conversion event, despite a decline in steelmaking profits. The plant-making business remains strong with a solid backlog.
The potential conversion event for Danieli's savings shares could simplify due diligence and improve index weighting, making them more attractive. Despite a decline in steelmaking profits, the plant-making business is supported by a strong backlog, indicating resilience and potential for growth.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80