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Troika Rates Amtel Shares as Hold

(Clacton, U.K./Tyres & Accessories) Troika Dialog, the oldest investment bank in Russia, has rated Amtel-Vredestein stock as “hold,” with a fair value of $11.06.

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According to the bank, the company “appears to have the means to deliver significant income growth in 2006.”

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However, Troika analysts also state their concern that “corporate governance practices, a tendency to grow debt and sudden swings in capital expenditure are holding back its valuation.”

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