Gaumont's Stock Soars 11.65% Midday Ahead of Delisting
Gaumont's stock climbs 11.65% this Friday, March 20, reaching €115, up from a previous close at €103. The stock hits a new one-month high and stands out in a tense market, with the VIX at 25.09. This movement comes amid an ongoing delisting process, drawing keen investor interest.
Significant Advance in Delisting Process
GAUMONT benefits directly from the announcement made this morning regarding the appointment of an independent expert before the public withdrawal offer, a step that marks a concrete advancement in the delisting process of the film group. This procedure, involving an independent valuation of the shares, is generally seen as a signal that the operation is proceeding as planned, which mechanically tends to bring the market price closer to the anticipated offer price. The 11.65% increase places the stock well beyond the 5% threshold considered a market anomaly signal, and above its technical resistance at €107. At €115, Gaumont is also significantly above its 50-day moving average, set at €101.12, and more than €25 above its 200-day average (€89.26), indicating a solidly upward medium-term dynamic. Over one year, the stock has gained 36.9%.
Recent Stock Performance Contrasts with Poor Annual Results
The recent stock market performance contrasts with deteriorated annual results. In March, the group reported a significant increase in net loss to €19.5 million, mainly attributed to difficulties in the animation division. These accounting elements, although unfavorable operationally, have not impacted the stock's trajectory since the announcement of the delisting operation.
