Gimv rises on strong H1 NAV, dividend policy kept intact
21/11/2024 09:52
** Gimv GIMV.BR shares rise 5% after the Belgian
investment company posted a 9.4% increase in H1 NAV per share
** "We estimate today's NAV at EUR 55.1 per share, implying
a discount of 32.1%. Historically speaking, this is very high
for Gimv," says Degroof Petercam
** "The company aims to continue its current dividend
policy, which is an important statement following the change in
shareholders earlier this year", Degroof Petercam adds
** The company is also preparing a potential capital
increase, which the broker says comes as a surprise, citing the
"depressed" share price
** Gimv shares are down about 15.6% YTD
** "We believe that Gimv is currently oversold as it trades
close to its 52-week low with a 30.0% discount," adds KBC
Securities
(Reporting by Leo Marchandon)
((Leo.marchandon@thomsonreuters.com))