Sell Ordina shares, says Rabobank

See more DutchNews articles in your Google search results

See more DutchNews articles in your Google search results

Add as a favourite source on Google Add DutchNews as a favourite source on Google

Computer software company Ordina on Monday had its shares downgraded by Rabobank analysts from hold to reduce.


The move follows a profit warning by Ordina on Friday that operational profit in 2011 will be €16m. In 2010 it booked operational profits of €18.1m.
The Rabobank also reduced its forecast on profit per share from €0.11 in 2011 to €0.03. For 2012 expected share value has been lowered from €0.14 to €0.06 per share.
Shares in Ordina fell on Monday morning by 5% to €1.21.

Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation