ROUNDUP: It takes S&T a few days to fully respond to the Viceroy report
Cloud computing transfers data between devices. (Symbol picture). © PeopleImages / E +
LINZ (dpa-AFX) – The Austrian IT service provider S&T
“In the next few days we will examine the report and the allegations contained internally and externally in detail and then come back with a detailed, public statement as well as a specific package of measures,” said the group. The company is in the process of analyzing the report in detail and needs some time to do so, “as some allegations concern old processes from the time before the current management of S&T AG and are not related to either the current management or S&T AG itself . “
According to S&T, the main reason for the report does not lie in the operational performance of the group, but in alleged compliance violations, some of which were more than ten years ago. There was also no contact between Viceroy Research and S&T AG prior to the publication. According to the announcement, CEO Hannes Niederhauser said: “We confirm that the operational performance of S&T AG is in the range of the current guidance for the 2021 financial year.”
Regarding the other allegations, the manager said: “With regard to the regulatory allegations raised, I can state after an initial review that, with the exception of S&T Romania, where there are investigations against several market participants because of alleged price fixing in procurement procedures, against any company in the S&T Group Legal proceedings, as stated in the report, have been initiated by the competent authorities. ” The CEO underpinned his statements with the purchase of 10,000 shares for a little more than 130,000 euros.
The reaction on the financial market to reports in similar cases has recently been violent. The price of the S&T share fell 29 percent on Thursday to 13.24 euros. Converted into absolute figures, this means that the market value fell by a little more than 360 million euros to around 875 million euros. The S&T share had soared between 2013 and 2018. The price rose from a little more than two euros to 28 euros. But since then the air was out; Before the Viceroy attack, the price mostly hovered around the 20 euro mark.
Behind Viceroy Research is the speculator Fraser Perring, who has been known since the Wirecard bankruptcy. He was one of the early warnings in the payment processor scandal. Since then he has been in Germany mainly with his reports on the leasing specialist Grenke
|Short-term position in Adler Group|
|with moderate leverage|
HSBC Trinkaus & Burkhardt AG
Subscribe to more news about Dermapharm Holding shares free of charge
ARIVA.DE publishes analyzes, columns and news from various sources in this section. ARIVA.DE AG is not responsible for content that has been recognized by third parties in the “News” area of this website and does not adopt it as its own. This content can be identified in particular by a corresponding “from” mark below the article heading and / or by the link “To read the full article, please click here.”; The named third party is solely responsible for this content.
Other users were also interested in this article: