Valuation of the stock still attractive even after the recent rise

IGD’s stock price has risen 14.5% from year-end 2016 through the close on 5 May 2017, outperforming both the Italian index and, to a more significant degree, the European sector index. Sustained by the good fundamentals that emerged in the 2016 Annual Report, which will make it possible to pay a dividend of 45 euro […]

Ample room for further upside

Between 8 November, when the last newsletter was published, and the market close on 24 February 2017 IGD’s stock price recovered 7.6%, despite the negative impact of Italy’s perceived country risk. IGD’s stock is trading at a substantial discount with respect to its P/NNNAV 2016 (44%), while the consensus target price is 33% higher than […]