Audit Dispute Sends Shares of Muddy Waters Target Into Tailspin

Bloomberg2021-05-24

(Bloomberg) -- The disarray at Solutions 30 SE deepened as the European technology-services company, first targeted in 2019 by activist short seller Muddy Waters Capital LLC, said its auditor couldn’t...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

Chrissssy
2021-05-24
Chrissssy
Like and comment pls ❤️
Suresh999
2021-05-24
Suresh999
Sure
Suresh999
2021-05-24
Suresh999
Can consider
Melodykjh
2021-05-24
Melodykjh
Like and comment
letsgo8
2021-05-24
letsgo8
Reply for comment
Soksok
2021-05-24
Soksok
Latest update

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/1102741801?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-05-24 20:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1102741801","market":"us","top_or_hot":-1,"title":"Audit Dispute Sends Shares of Muddy Waters Target Into Tailspin","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- The disarray at Solutions 30 SE deepened as the European technology-services company, first targeted in 2019 by activist short seller Muddy Waters Capital LLC, said its auditor couldn’t...</p>\n\n<a href=\"https://finance.yahoo.com/news/solutions-30-plunges-auditor-fails-081201944.html\">网页链接</a>\n\n</div>\n","source":"lsy1612507957220","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Audit Dispute Sends Shares of Muddy Waters Target Into Tailspin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAudit Dispute Sends Shares of Muddy Waters Target Into Tailspin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-24 20:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/solutions-30-plunges-auditor-fails-081201944.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The disarray at Solutions 30 SE deepened as the European technology-services company, first targeted in 2019 by activist short seller Muddy Waters Capital LLC, said its auditor couldn’t...</p>\n\n<a href=\"https://finance.yahoo.com/news/solutions-30-plunges-auditor-fails-081201944.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/solutions-30-plunges-auditor-fails-081201944.html","article_id":"1102741801","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1102741801","pubTimestamp":1621859406,"columns":[],"sourceInfo":{"source_id":"lsy1612507957220","name":"finance.yahoo"},"weMediaInfo":null,"summary":"(Bloomberg) -- The disarray at Solutions 30 SE deepened as the European technology-services company,","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"审计纠纷令浑水公司股价大跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"(Bloomberg) -- The disarray at Solutions 30 SE deepened as the European technology-services company, first targeted in 2019 by activist short seller Muddy Waters Capital LLC, said its auditor couldn’t sign off on its 2020 accounts.The company, which counts Telecom Italia SpA among its customers, saw much of its 1.1 billion-euro ($1.4 billion) market value wiped out Monday as the shares began trading again following a two-week halt. Luxembourg-based Solutions 30 published its own unaudited accounts over the weekend after Ernst & Young LLP said it hadn’t been given the information necessary to perform the audit itself.This “raises the prospect of sizable risks” for Solutions 30, “with possible consequences for its finances,” Emmanuel Matot, an equity analyst at Oddo BHF in Lyon, France, wrote in a note, downgrading the stock to underperform from neutral.Muddy Waters’ Carson Block began betting against the stock in May 2019 and unveiled a new report on Monday. A Romanian company that provides back-office support for Solutions 30 last month opened a lawsuit against Muddy Waters accusing it of anonymously alleging that Solutions 30 had multiple links to criminals and ties to money laundering. Other firms that have disclosed short positions against the company include Worldquant and Voleon Capital Management.Ernst & Young has “not been able to obtain sufficient and appropriate evidence supporting the nature, the substance, the value and the compliance with laws and regulations of certain transactions of the group and to determine if these transactions were made with related parties including with members of management,” according to a statement from Solutions 30 on Sunday. Solutions 30 said it “strongly disagrees with the rationale expressed” by the auditor.“It’s a ridiculous situation,” said Eric Hassid, a trader at Aurel BCG in Paris. “It’s not normal that an auditor won’t pronounce itself: either they have doubts on the accounts and don’t certify them, or they don’t and then they need to certify the accounts.”The stock, which had been suspended since May 10, fell as much as 77% and was down 73% at 2.84 euros as of 1:27 p.m. in Paris on Monday. Exchange operator Euronext said it will continue monitoring Solutions 30 shares after trading resumed.French market regulator AMF last week urged Solutions 30 to publish its audited 2020 accounts after failing to do so within the required timeframe, or at least to announce a timetable on when they would be available. The AMF declined to comment on Monday.Short InterestShort interest in Solutions 30 stands at about 13.6% of shares outstanding, according to data compiled by IHS Markit. Comgest and Swedbank Robur Fonder AB, two top investors, bolstered their shareholdings in December, days after Solutions 30 said an anonymous report was being circulated with false allegations against the company.The firm has repeatedly denied any wrongdoing. It said last month an independent auditor had confirmed the allegations were unfounded.The company said Friday it has started a selection process for investment bankers in order to look for reference shareholders. The company also reiterated it could go as far as delisting the shares.Solutions 30 is a provider of services in areas such as telecommunications and energy, handling more than 60,000 service calls a day, according to its website. In France, it installs “Linky” smart meters on behalf of the utility Enedis, which track household energy consumption.","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":131222408,"gmtCreate":1621864164404,"gmtModify":1634185993943,"author":{"id":"3581992421704233","authorId":"3581992421704233","name":"Chrissssy","avatar":"https://static.tigerbbs.com/670519b0df7f01f6802e6a220a6fc578","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581992421704233","authorIdStr":"3581992421704233"},"htmlText":"Like and comment pls ❤️","listText":"Like and comment pls ❤️","text":"Like and comment pls ❤️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/131222408","repostId":1102741801,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":131235979,"gmtCreate":1621862209791,"gmtModify":1634186019219,"author":{"id":"3581644896223732","authorId":"3581644896223732","name":"Suresh999","avatar":"https://static.tigerbbs.com/b75e0b2611994b10d3585f3fd574711f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581644896223732","authorIdStr":"3581644896223732"},"htmlText":"Sure&nbsp;","listText":"Sure&nbsp;","text":"Sure","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/131235979","repostId":1102741801,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":131232629,"gmtCreate":1621862166761,"gmtModify":1634186019804,"author":{"id":"3581644896223732","authorId":"3581644896223732","name":"Suresh999","avatar":"https://static.tigerbbs.com/b75e0b2611994b10d3585f3fd574711f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581644896223732","authorIdStr":"3581644896223732"},"htmlText":"Can consider&nbsp;","listText":"Can consider&nbsp;","text":"Can consider","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/131232629","repostId":1102741801,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":131233891,"gmtCreate":1621861736113,"gmtModify":1634186022599,"author":{"id":"3578543878235243","authorId":"3578543878235243","name":"Melodykjh","avatar":"https://static.tigerbbs.com/ecbb1673398e9c20ba51196d1fc7f00b","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3578543878235243","authorIdStr":"3578543878235243"},"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/131233891","repostId":1102741801,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":131297974,"gmtCreate":1621861585698,"gmtModify":1634186024206,"author":{"id":"3575378189904678","authorId":"3575378189904678","name":"letsgo8","avatar":"https://static.tigerbbs.com/cfa8cd71bc61e78a08bb731667341ac4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575378189904678","authorIdStr":"3575378189904678"},"htmlText":"Reply for comment","listText":"Reply for comment","text":"Reply for comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/131297974","repostId":1102741801,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":131298790,"gmtCreate":1621861310510,"gmtModify":1634186027254,"author":{"id":"3579684763801587","authorId":"3579684763801587","name":"Soksok","avatar":"https://static.tigerbbs.com/03c4a8d2787d3c5042bccff3b0bb60f1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579684763801587","authorIdStr":"3579684763801587"},"htmlText":"Latest update&nbsp;","listText":"Latest update&nbsp;","text":"Latest update","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/131298790","repostId":1102741801,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":51,"commentSize":12,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1102741801"}