MiT Sim S.p.A.

Equities

MTS

IT0005427510

Diversified Investment Services

Market Closed - Borsa Italiana Other stock markets 09:14:59 17/05/2024 pm IST			5-day change	1st Jan Change
3.4 ^EUR	-1.73%		-8.11%	-5.56%

25/03	MIT SIM reduces loss in 2023, grows commission income	AN
25/03	Mib advances; Leonardo and Ferrari on yearly highs	AN

MIT SIM, loss widens in 2022 but commissions double

March 28, 2023 at 11:14 pm IST

(Alliance News) - MIT SIM Spa reported Tuesday that it closed 2022 with a net loss of EUR562,545 compared to EUR69,658 in the previous year.

However, commission income doubled to EUR2.7 million from EUR1.4 million in 2021 and net interest and other banking income grew to EUR2.3 million from EUR1.6 million.

Shareholders' equity as of December 31, 2022 is EUR3.1 million from EUR3.7 million as of December 31, 2021, and the reduction is attributable to the loss accrued in FY2022.

As of December 31, 2022, the Net Financial Position shows cash of EUR2.4 milioin compared to cash of EUR3.2 million as of December 31, 2021; this balance consists of cash and cash equivalents and securities held for trading.

MIT SIM's stock closed Tuesday at a par at EUR3.70 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

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Latest news about MiT Sim S.p.A.

MIT SIM reduces loss in 2023, grows commission income	25/03	AN
Mib advances; Leonardo and Ferrari on yearly highs	25/03	AN
Futures down; new credit line for Pirelli	25/03	AN
Mib up tepidly; sell-off on Webuild	22/03	AN
ITALY GROWTH WINNERS & LOSERS: Nusco on top; MIT SIM down.	13/03	AN
HQF does not renew advisor appointment with Banca Finnat; MIT SIM arrives.	06/03	AN
Portobello initiates EUR6 million capital increase for institutional investors	19/02	AN
ESI gives appointment of specialist to MIT SIM.	27/12	AN
MIT SIM will no longer be Casasold's specialist operator	14/12	AN
Health Italia chooses Banca Profilo as new specialist	04/12	AN
MIT SIM, loss narrows; net interest and other banking income rises	28/23/28	AN
MiT Sim S.p.A. Reports Earnings Results for the Half Year Ended June 30, 2023	28/23/28	CI
MIT SIM board member divests 4,000 shares	14/23/14	AN
Esautomotion chooses MIT SIM as new specialist operator	27/23/27	AN
SCM, MIT SIM takes over as advisor to Integrae SIM as of July 1	14/23/14	AN
ITALY GROWTH WINNERS & LOSERS: MIT SIM the best; down Franchetti	05/23/05	AN
Eles closes first quarter with revenues up 36 percent	23/23/23	AN
MIT SIM, loss widens in 2022 but commissions double	28/23/28	AN
MiT Sim S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2022	28/23/28	CI
TrenDevice chooses MIT SIM as new operator specialist	08/23/08	AN
MIT SIM, director Sergio Carfizzi has resigned	25/23/25	AN
MIT SIM, specialist mandate given to CFO after Banca Finnat	12/23/12	AN
ITALY GROWTH WINNERS & LOSERS: Pharmacosm from uptown; down Cults	10/23/10	AN
MiT Sim S.p.A. Reports Earnings Results for the Half Year Ended June 30, 2022	28/22/28	CI
MiT Sim S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2021	28/22/28	CI

Chart MiT Sim S.p.A.

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Company Profile

Mit SIM SpA is an Italy-based company specialized in the provision of investment services, particularly initial pubic offering (IPO), with a focus on small and medium enterprises (SME). The Company provides independent negotiation, placement, reception and transmission of orders. It operates through four business areas: Specialist, Placement, Equity Research, Reception and Transmission of Orders (RTO). In the business area Specialist, the Company act as an intermediary with market making functions. The business area Placement provides coordination and placement of financial instruments in the IPO phase, additionally, the Company acts as the issuer's interface with institutional and professional investors. The business area Equity Research provides third party stock works and analysis. Through the business area RTO, the Company operates as a direct counterpart to all Italian and foreign markets.

Sector

Diversified Investment Services

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Income Statement Evolution

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

3.4 EUR

Average target price

5.63 EUR

Spread / Average Target

+65.59%

Consensus

Chiffre d''affaires - Rate of surprise

Company calendar

Sector Diversified Investment Services

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Diversified Investment Services