Privatization of State Lotteries (LAE) promises an autumn moved to Spanish investors. As is to be placed on 30% of the company, prices are driving, between 21,000 and 24,000 million euros, suggest a value with a market capitalization of between 6,000 and 7,000 million euros, enough to rub shoulders in the middle top of the table with values like Mapfre or Ferrovial.
LAE President, Aurelio Martinez, and yesterday gave some clues to what investors will meet from October. “It’s a clear countercyclical value, a defensive, a stable and future commitment sustained in the absence of leverage,” said the executive, after announcing plans to jump into the parquet.
Clerk explains, has to make large investments in industrial plants, or have high recurrent costs, so virtually everything it generates will go to the payment of dividends. Operation-with the obvious differences, would be very similar to Spanish Mercados (BME).
A novelty is also expected to distribute dividends on a monthly basis for the first time in Spain as advanced Martínez. At the moment there are not many comparables to get an idea. Clerk explains, could take two references, with its nuances.
Will undoubtedly be a big change in the world of lotteries, particularly in Spain. Perhaps with this move will achieve better prizes, though I doubt they can achieve figures from Powerball and Mega Millions U.S..
{ 0 comments… add one now }