Corporacion Financiera Alba released more than satisfactory results in H1. Despite inflationary headwinds, the Iberian quality-focused holding company reported net results up by 59% to €194m, driven by strong results from investees as well as gains on the sale of financial investments. The 5% drop in NAV, which now stands at €5.2bn, should not scare investors away from the attractiveness of the stock given the widening in the discount to NAV which has passed the 50% mark.
28 Sep 2022
Passing the 50% discount mark
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Passing the 50% discount mark
- Published:
28 Sep 2022 -
Author:
Saïma HUSSAIN -
Pages:
3
Corporacion Financiera Alba released more than satisfactory results in H1. Despite inflationary headwinds, the Iberian quality-focused holding company reported net results up by 59% to €194m, driven by strong results from investees as well as gains on the sale of financial investments. The 5% drop in NAV, which now stands at €5.2bn, should not scare investors away from the attractiveness of the stock given the widening in the discount to NAV which has passed the 50% mark.