Company Name: S Immo AG ISIN: AT0000652250   Reason for the research: Update Recommendation: Sell from: 29.11.2024 Target price: EUR 22.05 Last rating change: Analyst: Philipp Sennewald Operations on track but delisting ahead Yesterday, S IMMO released its Q3 results, showing continued strong operations on the back of recent por [ … ]

Company Name: S Immo AG ISIN: AT0000652250   Reason for the research: Update Recommendation: Sell from: 05.09.2024 Target price: EUR 22.05 Target price on sight of: 12 months Last rating change: Analyst: Philipp Sennewald SO process: Cash compensation determined Topic: On Tuesday evening, IMMOFINANZ announced the cash compensat [ … ]

Company Name: S Immo AG ISIN: AT0000652250   Reason for the research: Update Recommendation: Hold from: 30.08.2024 Target price: EUR 24.00 Target price on sight of: 12 months Last rating change: Analyst: Philipp Sennewald Q2 in the books – SO & delisting expected for H2; chg.Topic: S IMMO released its H1 results on Wed [ … ]

Squeeze-out process initiated / Change to HOLD On Friday, the supervisory board of IMMOFINANZ AG approved the commencement of preparations for a squeeze-out of S IMMO, where all shares held by minority shareholders are going to be transferred to IMMOFINANZ against appropriate cash compensation. Together with its parent company CPI and includi [ … ]

FY ’23 showing strong rental growth - Strategy update // chg. S IMMO released FY ’23 figures, showing strong operational results as well as a lower-than-expected devaluation of the real estate portfolio. FY rental income came in at € 203m (eNuW: € 193m; eCons: € 191m), up 30% yoy thanks to acquisitions to the tune o [ … ]

Delisting indications getting stronger; chg. PT On Friday, S IMMO announced that the company will part ways with board member Herwig Teufelsdorfer with immediate effect. At the same time the supervisory board decided to appoint Tomáš Salajka to the board, who is also member of the Board of Directors of CPI Property Group (CPI), S  [ … ]

Appealing risk/reward profile makes S IMMO a clear BUY It seems like management shares this view, as the company announced yet another share buy-back program after having already bought back shares worth € 2.4m in Q4. In detail: Last week, the management of S IMMO resolved another repurchase program of up to 365,340 shares (c. 0.5% of sh [ … ]