VIP Stock Forecast

VimpleCom Ltd. (VIP) was a stock pick based on predictive algorithm recommended to I Know First subscribers on January 16th for the 1-months time horizon in the “Stock Forecast Based on Machine Learning” forecast. VimpleCom had a signal of 42.76 and a predictability of 0.23. In accordance with the algorithm, the company reported short-term capital gains of 44.35%.

VimpleCom was part of the stock forecast that can be found in the “Top 10 Stocks” Package.

The full Top 10 Tech Stocks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

• Top ten stocks picks to long
• Top ten stocks picks to short

VimpleCom Ltd. is a leading global provider of telecommunications services headquartered in Amsterdam and serving 223 million customers in 14 countries. Its subsidiary Global Telecom Holding S.A.E. (GTH) announced the sale of a 51% interest in Omnium Telecom Algeria, also known as Djezzy, to the Algerian National Investment Fund, Fonds National d’Investissement, or the FNI. The sale was made for $2.6 billion and was announced on January 30th, 2015.

GTH and the FNI entered into a shareholders agreement, which governs their relationships as shareholders of Djezzy going forward. GTH will continue to have operational control. The new ownership structure positions the company to lead the way in Algeria, offering customers high quality mobile services and good digital service. The deal also releases significant cash amounts to GTH and VimpleCom to pay down gross debt.