RMG Research: Acron: Shockwaves from Uralkali
OREANDA-NEWS. August 07, 2013. Acron incurred substantial losses due to the crash of market cap of Uralkali, in which it holds a stake. Much lower net income will squeeze dividend payments.
Feasibility of its potash project is doubtful now. Nevertheless we do not see fundamental risks for the company, as Acron is not directly affected by potash prices.
We put our target price and recommendation for the stock Under Revision due to increased risks and current uncertainty.
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