AT&S: Financial expert disappointed about planned capital increase

AT&S: Financial expert disappointed about planned capital increase

According to a report by stock3.com, AT&S has announced a capital increase of up to 50%. This surprising development has led to the author's investment thesis in the company being questioned.

Details of this capital increase are not yet known, but it is reported that the Austrian state intends to re-enter AT&S and acquire a 25% stake. Despite the weaker figures, this capital increase does not appear to be financially necessary, which suggests that AT&S would have to massively increase its investments again in order to use the additional funds from the capital increase.

The communication regarding these measures was criticized as shareholders were left in the dark without receiving precise information about the planned capital measure. This creates uncertainty and weighs on the company's share price.

In conclusion, the author withdraws his positive recommendation for the company and forgoes profit estimates due to the unclear situation.

The announcement of such a large capital increase may have an impact on the market and the industry, particularly on the company's share price. The uncertainty and unclear communication could affect investor confidence and lead to a decline in the share price. Overall, this could temporarily affect AT&S's competitiveness.