Christ finds itself in the wilderness

Christ Water Technology’s stock has been in decline since mid-November. A rushed capital increase and a set of results which fell short of expectations have not helped.

Christ Water Technology pushed through a €19.5 million capital increase in early December, but was forced to place the new stock close to a marketprice which had declined by 19% in the run-up to the deal being announced on 23 November (see chart). The company had hoped to minimise the effects of market volatility by closing the process within ...

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