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Research update: Sjælsø Gruppen March 20, 2012  Denmark/Small Caps/Real Estate The stocks have more than doubled over the last four weeks. We reiterate our xx rating on Sjælsø as we expect the Danish property market to drive ... ...Subscribe to VISCARDI Research... |
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Research update: Sjælsø Gruppen December 12, 2011 Gaining momentum on property sales We reiterate our ***** rating on Sjælsø Gruppen as we expect the property markets to drive earnings recovery in the next two years. We believe valuation is supportive ... ...Subscribe to VISCARDI Research... |
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Research update: Sjælsø Gruppen November 02, 2011 Going concern is the most likely option Quarterly trading statement With the H1/11 report published in August, Sjælsø issued a severe profit warning which horrified investors. Management stated that activities in the Danish property market have ... ...Subscribe to VISCARDI Research... |
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Research update: Sjælsø Gruppen August 29, 2011 Out of the blue a harsh profit warning Incomprehensible and harsh profit warning Sjælsø updated the market ahead of H1/11 results due August 30th that the quarter had performed below expectations. This did not come as a ... ...Subscribe to VISCARDI Research... |
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Research update: Sjælsø Gruppen May 03, 2011 Unlocking value in 2011 ... The completion of selected pipeline projects and the successful conversion of land bank of just over DKK2.0bn into residential and commercial properties may be signs that Sjælsø is stepping up the pace in unlocking value in its investments. We see more room for the ... ...Subscribe to VISCARDI Research... |
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Research update: Sjælsø Gruppen March 01, 2011 2010 preliminary results Preliminary report: Summary After Sjælsø reported key figures two weeks ago, the company released its preliminary report today. Sjælsø reported annual revenues of ... ...Subscribe to VISCARDI Research... |
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Research update: Sjælsø Gruppen February 11, 2011 2010 preliminary results Preliminary results within the guidance range Sjælsø published preliminary 2010 figures and confirmed its guidance for 2010. Driven by the sale of Pampas projects in Stockholm and some ... ...Subscribe to VISCARDI Research... |
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Research update: Sjælsø Gruppen January 31, 2011 Portfolio sale to institutional investors CPH Urban Living-attractive deal to reduce land bank Only recently, Sjælsø has announced to sell a residential portfolio in central locations of ... ...Subscribe to VISCARDI Research... |
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Research update: Sjælsø Gruppen November 02, 2010 Gains in property value Quarterly update As usual, Sjælsø did not report a full quarterly 9m report, but only a condensed business update. Apart from new sales of projects of ... ...Subscribe to VISCARDI Research... |
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Research update: Sjælsø Gruppen September 15, 2010 H1 report: no further write-downs and provisions ... We think the worst in this cycle is behind Sjælsø and reiterate the view that Sjælsø’s DKK-200mn to DKK-300mn pre-tax profit target is ... ... Subscribe to VISCARDI Research... |
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Research update: Sjælsø Gruppen August 13, 2010 Renegotiation of bank debt is good news Rearrangement of financial debt In an agreement with a number of banks, DKK2.4bn representing 55% of Sjælsø’s total financial debt have been extended until July ... ...Subscribe to VISCARDI Research... |
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Research update: Sjælsø Gruppen June 30, 2010 More land bank transactions, improving sentiment Sale of residential project to Danish pension funds Sjælsø signed an agreement for the construction of 130 apartments for the amount of DKK325mn. With an average transaction size of ... ...Subscribe to VISCARDI Research... |
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Research update: Sjælsø Gruppen April 29, 2010 Growth story revisited Initiating coverage with a ... rating and a 12-month price target of DKK ... We believe investors’ perception of Sjælsø Gruppen is overly bearish. Our DCF based analysis indicates that investors assign Sjælsø’s land bank a ... ...Subscribe to VISCARDI Research... |
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Initiation of Coverage: Sjælsø Gruppen March 29, 2010 Growth story revisited Initiating coverage with a ... and a 12-month price target of ... We believe investors’ perception of Sjælsø Gruppen is overly bearish. Our DCF based analysis indicates that investors assign Sjælsø’s land bank a ... ...Subscribe to VISCARDI Research... |