The Central Europe based investment firm has stressed that the French cable manufacturer is undervalued, has made considerable turnaround progress and that significant growth prospects lie ahead
KGI contends that Nexans' (NXPRF) stock has been unduly punished by the announcement of the resignation of veteran Chief Executive Officer Arnaud Poupart-Lafarge in March 2018 and his subsequent departure in September 2018. KGI contends that Nexans will be well run by his successor Christopher Guerin who has been at Nexans since 1997.
Additionally, while KGI shares the concerns of fellow shareholders about management’s profit warning issued in