BlackRock Greater Europe Investment Trust — Finding new opportunities in the market volatility

BlackRock Greater Europe Investment Trust (LSE: BRGE)

Last close As at 20/11/2025

GBP5.67

−18.00 (−3.08%)

Market capitalisation

GBP543m

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Research: TMT

Kcell Joint Stock Company — Resilience and consolidation benefits expected

A change in market structure and strategy has transformed Kcell’s prospects. It delivered a c 80% rise in underlying profits and cash flow in FY19 and a 31% y-o-y rise in adjusted EBIT in Q1. We assume the pace of profit growth slows in the remainder of FY20 as COVID-19 measures and a slump in the oil price affect economic activity. However, beyond FY20 scope for further market consolidation should ensure that healthy profit and cash flow growth resumes.

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