Pre-Trading Thoughts

CCAP: What Does One Year Forward Look Like? In light of the potential debt settlement deals and restructuring plans of CCAP, we ran an exercise to examine the impact on the FV of the stock if the announced plans succeed. According to our assumptions and calculations, CCAP’s debt will go down to EGP9,376.5 million (EGP2.35/share) by the end of 2024, while the number of shares will increase to 3,991.4 million shares, based on a capital increase of around USD231 million. We also updated the...