Stock exchange : another collapse for Completel Europe

Completel Europe, the alternating operator which set up the optical fibre loop in Nice and Sophia Antipolis, is still facing a collapse on the stock exchange, which started last week (see article Stock exchange : Completel Europe in strong decrease after a "profit warning"). The security, which seemed to be stabilized at approximately 2 euros on Monday, started to plunge again on Wednesday August 15th (-8.95% at 1.84 euros). This collapse increased on Thursday August 16th. A bit before 16.00, the security was approximately 16.85% down, at 1.53 euros. Last week, after launching a « profit warning », Completel Europe lost more than 17% on Wednesday August 8th only. This slowdown of the activity was not very welcomed by investors and brokers. Since the beginning of the year, the security lost about 60%.