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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Leading International Investment Research, Edison Investment Research

Equity Bottom-Up

<p>The latest announcement appears to end the days of mic&rsquo;s broader ambitions. The new management is committed to a simple strategy of extracting value for shareholders from three distinct and specific operating businesses. Further sharp cost-cutting initiatives should help to reduce operating losses, which are believed to be around &euro;3m in 2016. Valuation is hampered by the lack of 2016 accounts and ongoing refinancing talks.</p>

The latest announcement appears to end the days of mic&rsquo;s broader ambitions. The new management is committed to a simple strategy of extracting value for shareholders from three distinct and specific operating businesses. Further sharp cost-cutting initiatives should help to reduce operating losses, which are believed to be around &euro;3m in 2016. Valuation is hampered by the lack of 2016 accounts and ongoing refinancing talks.

mic AG

New beginning