It seems the stock is having some trouble finding its footing following the ex-rights date. As I noted in the comments, and as seen in the rights-adjusted price charts, the price based on yesterday’s close would now be 0.66 euros. Our target price has automatically updated to 0.62 euros, but I will be updating the rest of the figures shortly. We had a 25 MEUR hybrid bond in our model, so it is essentially just being replaced by a rights issue of a similar size.
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