BGAOY - Proximus: Dividend Rebased Heightening Competition
2024-05-16 03:06:49 ET
Summary
- Proximus is facing threats from new entrants in the market, and its dividend is going to be halved starting with the next payment.
- Therefore, despite a strong beginning to Q1, share price performance has been weak and guidance remains muted.
- The large CAPEX burden will be a problem for several more years, which does create a value case. But the situation remains too complex and murky for likely returns.
Proximus ( OTCPK:BGAOF ) (BGAOY) is in the abyss in terms of its broader price chart, whether you look at the OTC or other European listing....
Proximus: Dividend Rebased, Heightening Competition