Everyone is speaking of SAIPEM ?

How  to rate SPMI?

• Prevalent opinion in proximity of  capital Increase announcement was of " a booming" share
• Our opinion ex ante was strictly positive in proximity of the announcement , negative and worsening ex post.  
• Point was, ex ante: how much in price would had been  discounted ? By no noticeable moves we infer a deep weakness and no interest. Simply because numbers vs the arena. 
• In terms of price action bids were not able to take out 9 eur. Alike, offers weren't able to wipe out the  7 eur base. We have No interest in the equity unless will move outside the 7 /9 eur range