Despite the positive news of the court ruling, Tim’s stock fell by 2.33% an hour and a half after the session ended. The legal proceedings that lasted almost 15 years led to uncertainty about whether Tim would receive the amount due quickly or have to wait for the outcome of an appeal to the Court of Cassation. Equita experts view this as significant due to the amount and visibility it offers, while Kepler Cheuvreux experts anticipate a potential reimbursement of 1 billion euros by the State could significantly benefit Tim, contributing to de-leveraging the company and potentially financing dividends earlier than expected.
However, uncertainties remain in the industrial plan and corporate governance. While this gain offers a compensating factor for negative debt surprises, continued volatility in the stock and potential uncertainties may keep Tim out of the market for some investors. Analysts remain cautious about Tim’s future outcome, with Equita confirming a ‘Buy’ rating with a target price for its shares.