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  • 19 Jan 2024

Saved by the bell – now what?


Wallenstam (WALL-B:STO), 0 | Wallenstam AB Class B (WALL.B:OME), 0 | K2A Knaust & Andersson Fastigheter AB Class B (K2A.B:OME), 0 | Atrium Ljungberg (ATRLJ-B:STO), 0 | Atrium Ljungberg AB Class B (ATRLJ.B:OME), 0 | Nyfosa Ab (NYF:STO), 0 | Nyfosa AB (NYF:OME), 0 | Pandox (PNDX-B:STO), 0 | Pandox AB Class B (PNDX.B:OME), 0 | Castellum (CAST:STO), 0 | Castellum Inc (ONOV:NYSE), 0 | Castellum AB (CAST:OME), 0 | Castellum, Inc. (CTM:ASE), 0 | Catena (CATE:STO), 0 | Catena Media plc (CTM:OME), 0 | Catena Media Plc (CTM:STO), 0 | Catenai PLC (CTAI:LON), 0.4 | Catena AB (CATE:OME), 0 | Cibus Nordic Real Estate Ab (CIBUS:STO), 0 | Cibus Nordic Real Estate AB (CIBUS:OME), 0 | Fabege Ab (FABG:STO), 0 | Fabege AB (FABG:OME), 0 | NP3 Fastigheter (NP3:STO), 0 | NP3 Fastigheter AB (NP3:OME), 0 | Hufvudstaden (HUFV-A:STO), 0 | Hufvudstaden AB Class A (HUFV.A:OME), 0 | KlaraBo Sverige AB Class B (KLARA.B:OME), 0 | Platzer Fastigheter Holding (PLAZ-B:STO), 0 | Platzer Fastigheter Holding AB Class B (PLAZ.B:OME), 0 | Wihlborgs Fastigheter Ab (WIHL:STO), 0 | Wihlborgs Fastigheter AB (WIHL:OME), 0 | AB Sagax Class B (SAGA.B:OME), 0 | Catella AB Class B (CAT.B:OME), 0 | Catella (CAT-B:STO), 0

  • ABG Sundal Collier
    • ABGSC Construct. & Real Estate Research | Markus Henriksson | Fredrik Stensved | Viktor Stenlöf

    • 114 pages


 

Lower risks of both rights issues and covenant breaches more than reflected after the recent rally. P/CEPS of ~18x with limited earnings growth; four downgrades.

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Saved by the bell – now what?


Wallenstam (WALL-B:STO), 0 | Wallenstam AB Class B (WALL.B:OME), 0 | K2A Knaust & Andersson Fastigheter AB Class B (K2A.B:OME), 0 | Atrium Ljungberg (ATRLJ-B:STO), 0 | Atrium Ljungberg AB Class B (ATRLJ.B:OME), 0 | Nyfosa Ab (NYF:STO), 0 | Nyfosa AB (NYF:OME), 0 | Pandox (PNDX-B:STO), 0 | Pandox AB Class B (PNDX.B:OME), 0 | Castellum (CAST:STO), 0 | Castellum Inc (ONOV:NYSE), 0 | Castellum AB (CAST:OME), 0 | Castellum, Inc. (CTM:ASE), 0 | Catena (CATE:STO), 0 | Catena Media plc (CTM:OME), 0 | Catena Media Plc (CTM:STO), 0 | Catenai PLC (CTAI:LON), 0.4 | Catena AB (CATE:OME), 0 | Cibus Nordic Real Estate Ab (CIBUS:STO), 0 | Cibus Nordic Real Estate AB (CIBUS:OME), 0 | Fabege Ab (FABG:STO), 0 | Fabege AB (FABG:OME), 0 | NP3 Fastigheter (NP3:STO), 0 | NP3 Fastigheter AB (NP3:OME), 0 | Hufvudstaden (HUFV-A:STO), 0 | Hufvudstaden AB Class A (HUFV.A:OME), 0 | KlaraBo Sverige AB Class B (KLARA.B:OME), 0 | Platzer Fastigheter Holding (PLAZ-B:STO), 0 | Platzer Fastigheter Holding AB Class B (PLAZ.B:OME), 0 | Wihlborgs Fastigheter Ab (WIHL:STO), 0 | Wihlborgs Fastigheter AB (WIHL:OME), 0 | AB Sagax Class B (SAGA.B:OME), 0 | Catella AB Class B (CAT.B:OME), 0 | Catella (CAT-B:STO), 0

  • Published: 19 Jan 2024
  • Author: ABGSC Construct. & Real Estate Research | Markus Henriksson | Fredrik Stensved | Viktor Stenlöf
  • Pages: 114
  • ABG Sundal Collier


Lower risks of both rights issues and covenant breaches more than reflected after the recent rally. P/CEPS of ~18x with limited earnings growth; four downgrades.

More Content

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Weekly Real Estate Matrix

Companies: PLAZB NYF FPARA STEFB FABG K2AB CAST SBBB CATE OLT DIOS WIHL NP3 ATRLJB HUFVA CIBUS PNDXB SAGAB INTEAB CAST PNDXB LOGIA STEFB DIOS OLT KLARAB PLAZB CIBUS NP3 BALDB PUBLI SBBB NYF CATE HUFVA K2AB FPARA SLPB WALLB EAST FABG

ABG Sundal Collier

Catenae Innovation snap up stake in 'win win' Hyperneph Software collaboration

Companies: Catenai PLC

Proactive

No signs of momentum picking up

Companies: Hufvudstaden (HUFV-A:STO)Hufvudstaden AB Class A (HUFV.A:OME)

ABG Sundal Collier

Hybridan - Small Cap Wrap

Companies: PLI VIP ITM LRM TRAK COG ELA HVO ABDP TIG ALSP VLG CTAI CGNR 0NR1

Hybridan

Weekly Real Estate Matrix

Companies: PLAZB NYF FPARA STEFB FABG K2AB CAST SBBB CATE OLT DIOS WIHL NP3 ATRLJB HUFVA CIBUS PNDXB SAGAB INTEAB CAST PNDXB LOGIA STEFB DIOS OLT KLARAB PLAZB CIBUS NP3 BALDB PUBLI SBBB NYF CATE HUFVA K2AB FPARA SLPB WALLB EAST FABG

ABG Sundal Collier
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