MiT Sim S.p.A.

Equities

MTS

IT0005427510

Diversified Investment Services

Real-time Borsa Italiana Other stock markets 11:44:59 2024-05-14 EDT			5-day change	1st Jan Change
3.54 ^EUR	0.00%		-1.12%	-1.67%

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

MIT SIM reduces loss in 2023, grows commission income

March 25, 2024 at 02:12 pm

(Alliance News) - MIT SIM Spa reported Monday that it closed 2023 with a net loss of EUR353,548, which compares with a net loss of EUR562,545 in the previous year.

Commission income rose to EUR3.3 million from EUR2.7 million a year earlier, and net interest and other banking income increased to EUR3.0 million from EUR2.3 million in 2022.

Net financial position shows cash of EUR2.4 million, essentially unchanged year-on-year, consisting of cash and cash equivalents and securities held for trading. Shareholders' equity is EUR2.7 million compared to EUR3.1 million in the previous year.

MIT SIM's stock closed Monday up 1.8 percent to EUR3.36 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	03-25	AN
Mib advances; Leonardo and Ferrari on yearly highs	03-25	AN
Futures down; new credit line for Pirelli	03-25	AN
Mib up tepidly; sell-off on Webuild	03-22	AN
ITALY GROWTH WINNERS & LOSERS: Nusco on top; MIT SIM down.	03-13	AN
HQF does not renew advisor appointment with Banca Finnat; MIT SIM arrives.	03-06	AN
Portobello initiates EUR6 million capital increase for institutional investors	02-19	AN
ESI gives appointment of specialist to MIT SIM.	12-27	AN
MIT SIM will no longer be Casasold's specialist operator	12-14	AN
Health Italia chooses Banca Profilo as new specialist	12-04	AN
MIT SIM, loss narrows; net interest and other banking income rises	23-09-28	AN
MiT Sim S.p.A. Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-27	CI
MIT SIM board member divests 4,000 shares	23-08-14	AN
Esautomotion chooses MIT SIM as new specialist operator	23-06-27	AN
SCM, MIT SIM takes over as advisor to Integrae SIM as of July 1	23-06-14	AN
ITALY GROWTH WINNERS & LOSERS: MIT SIM the best; down Franchetti	23-06-05	AN
Eles closes first quarter with revenues up 36 percent	23-05-23	AN
MIT SIM, loss widens in 2022 but commissions double	23-03-28	AN
MiT Sim S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-27	CI
TrenDevice chooses MIT SIM as new operator specialist	23-02-08	AN
MIT SIM, director Sergio Carfizzi has resigned	23-01-25	AN
MIT SIM, specialist mandate given to CFO after Banca Finnat	23-01-11	AN
ITALY GROWTH WINNERS & LOSERS: Pharmacosm from uptown; down Cults	23-01-10	AN
MiT Sim S.p.A. Reports Earnings Results for the Half Year Ended June 30, 2022	22-09-27	CI
MiT Sim S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2021	22-03-27	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

3.54 EUR

Average target price

5.63 EUR

Spread / Average Target

+59.04%

Consensus

Chiffre d''affaires - Rate of surprise

Company calendar

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Diversified Investment Services