On 31 December 2010, shares in SEAT Pagine Gialle closed at € 0.08, down by
49.1% compared with the price of € 0.16 recorded on 31 December 2009.
The negative performance of the shares was influenced by the structure of the Company’s
enterprise value, which consists predominantly of debt. Slight drops in the Company’s enterprise
value, which fell by 6.4% in 2010,
resulted in ever-greater reductions in its market value, represented by its share price.
Towards the end of the year, shares in heavily indebted companies suffered as a result of
the sovereign-debt crisis, which forced some eurozone countries (Ireland, Greece and Portugal) to
ask for help from other member
countries of the International Monetary Fund. Other directory services providers are among
the most indebted companies in Europe. There were sharp drops in share price, for example, at Eniro
(–92.2%), Yell (-63.1%) and
Pages Jaunes (-12.8%). Shares in other Italian media companies, such as Mediaset (-20.6%)
and Mondadori (- 14.2%), also fell.
| Company | Seat Pg | Yell | Pages Jaunes | Eniro | YPG | Mediaset | Mondadori |
FTSE All Share |
|
SharePrice, date : |
€ | £ | € | Sek | can$ | € | € | € |
| 31/12/2008 | 0,48 | 39,8 | 7,03 | 18,65 | 6,69 | 3,99 | 3,48 | 19.845 |
| 30/12/2009 | 0,16 | 39,3 | 7,80 | 35,80 | 5,38 | 5,70 | 3,09 | 23.653 |
| 31/12/2010 | 0,08 | 14,5 | 6,80 | 27,50 | 6,20 | 4,53 | 2,65 | 20.936 |
| Company | Seat Pg | Yell | Pages Jaunes | Eniro | YPG | Mediaset | Mondadori |
FTSE All Share |
| SharePrice, change: |
|
|
||||||
| % december '08 - december '09
|
-65,9% | -1,4% | 11,0% | 92,0% | -19,6% | 42,9% | -11,3% | 19,2% |
| % december '08 - december '10 | -82,6% | -63,6% | -3,3% | -85,0% | -7,3% | 13,5% | -23,9% | 5,5% |
| % december '09 - december '10 | -49,1% | -63,1% | -12,8% | -92,2% | 15,2% | -20,6% | -14,2% | -11,5% |