CME holds investor day in NYC today starting at 3.00 pm CET. The investors day is webcasted on CME’s web pages www.cetv-net.com including slide presentations.
Our view:
According to our talk with CME in early August, company didn’t rule out new guidance for 2006 and for Czech operations even for 2007 & 2008 could be released during investor’s day. CME currently expects revenues EUR 564m and EBITDA EUR 204m, while our estimates are EUR 560m and EUR 207m respectively. We reiterate our Buy recommendation with fair value of USD 79.