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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Entra ASA    ENTRA   NO0010716418

ENTRA ASA

(ENTRA)
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Entra : Update from the Board of Directors on valuation of the property portfolio

12/02/2020 | 02:46am EST

Reference is made to the announcements made on 24 November 2020, 26 November 2020 and 27 November by Entra ASA (the “Company”) regarding Samhällsbyggnadsbolaget i Norden AB’s ("SBB") intention to launch a voluntary offer, Castellum AB’s ("Castellum") intention to put forward a voluntary offer, and SBB’s launch of its voluntary offer, respectively.

In order to provide relevant information to shareholders and the market, the Company’s board of directors (the “Board”) has instructed its independent valuers Akershus Eiendom (affiliate of JLL) and Newsec to prepare an updated valuation of the group’s portfolio. Changes and events in the investment property market since the last valuation on 31 September 2020 (prepared during August and September) are expected to result in higher property valuation and a significant increase in reported net asset value for the Company.  The Board will be publishing the results of these valuations once completed, together with any other relevant information on the Company’s development including progress on the project values and pipeline.

The Board will respond to the offer launched by SBB and the intention to launch an offer by Castellum in due course. The Board will consider and evaluate these proposals, including any relevant amendments, in light of what is in the common interest of the shareholders and the Company.

Shareholders are advised to refrain from taking any action in respect of their shares in the Company which may be prejudicial to their interests, and to exercise caution when dealing in the shares of the Company. There can be no certainty that any offer will be made or completed.

For further information contact;

Siri Hatlen, Chair of the Board of Directors, + 47 91744863, siri.hatlen@gmail.com

Sonja Horn, CEO, +47 90568456, sh@entra.no

Anders Olstad, CFO, +47 90022559, ao@entra.no

 

Disclaimer

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Attachments

  • Download announcement as PDF.pdf

© NTB Norway, source NTB English Regulatory Releases

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Financials
Sales 2020 2 349 M 274 M 274 M
Net income 2020 1 785 M 208 M 208 M
Net Debt 2020 20 773 M 2 424 M 2 424 M
P/E ratio 2020 19,7x
Yield 2020 2,53%
Capitalization 35 097 M 4 106 M 4 095 M
EV / Sales 2020 23,8x
EV / Sales 2021 23,6x
Nbr of Employees 181
Free-Float 83,9%
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 156,25 NOK
Last Close Price 192,70 NOK
Spread / Highest target -11,8%
Spread / Average Target -18,9%
Spread / Lowest Target -22,2%
EPS Revisions
Managers and Directors
NameTitle
Sonja Horn Chief Executive Officer
Siri Beate Hatlen Chairman
Kjetil Hoff Chief Operating Officer
Anders Landro Olstad Chief Financial Officer
Kjell Bjordal Vice Chairman
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