This morning’s Q3 results highlight a net loss of SEK27.5m and investment in the portfolio of SEK44.0m, broadly in line with our expectations. We have taken the opportunity to release new forecasts to reflect both the reduction in portfolio size and underlying fair value during H1 and the revised portfolio asset valuation methodology introduced by the company, which also triggered a restating of FY2014 results. Our revised target price is SEK10.0 (from SEK13.7). Remains a Hold.
17 Nov 2015
Q3 results and new forecasts
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Q3 results and new forecasts
Karolinska Development AB Class B (0P3C:LON) | 0 0 5.4% | Mkt Cap: 369.6m
- Published:
17 Nov 2015 -
Author:
Dr Jens Lindqvist -
Pages:
3
This morning’s Q3 results highlight a net loss of SEK27.5m and investment in the portfolio of SEK44.0m, broadly in line with our expectations. We have taken the opportunity to release new forecasts to reflect both the reduction in portfolio size and underlying fair value during H1 and the revised portfolio asset valuation methodology introduced by the company, which also triggered a restating of FY2014 results. Our revised target price is SEK10.0 (from SEK13.7). Remains a Hold.