Inmobiliaria Colonial S.A.

Inmobiliaria Colonial SOCIMI is engaged in the acquisition, construction, sale, disposal and lease of real estate and related activities, including car garages and parking lots, and the administration and management of real estate properties and land.
  • TickerCOL
  • ISINES0139140174
  • ExchangeMadrid Stock Exchange
  • SectorReal Estate Investment Trusts
  • CountrySpain
Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Marc Lavaud
  • Nicolas David
  • Olfa Taamallah
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/09/2020

The increase in Fortum’s stake in Uniper to 73.4% upends the two groups’ strategic priorities. In seeking to maintain an investment grade credit rating, Uniper might have to scale back its ambitions in terms of growth investments. In an environment where rivals are looking ahead to the future, Fortum and Uniper are uniting in adversity. We initiate coverage of Uniper with a Reduce rating and a target price of € 24.30. - Cf. company report published last evening. - ...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Marc Lavaud
  • Nicolas David
  • Olfa Taamallah
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/07/2020

La montée de Fortum au capital d’Uniper à 73.4% rebat les cartes des priorités stratégiques des deux groupes. La volonté de maintenir la note de crédit en catégorie « investment grade » pourrait se traduire par une réduction des ambitions d’Uniper en matière d’investissements de croissance. Dans un environnement où les concurrents se projettent dans l’avenir, Fortum et Uniper sont en train de s’unir dans l’adversité. Nous initions le suivi d’Uniper avec une opinion Alléger et un OC de...

Florent Laroche-Joubert

Inmobiliaria Colonial : Still-solid momentum in April, May and June!

>Covid-19: top-line impacts confirmed as limited - Colonial yesterday evening held a conference call with analysts and investors to present the latest developments regarding its prime office operations (i.e. CBD in Paris, Madrid and Barcelona).Following the finalisation of talks with its tenants based in Spain, the impacts of Covid-19 on recurrent operations remain limited: The impact on gross rental revenue to date was confirmed at 2% for 2020 vs an impact ...

Florent Laroche-Joubert

Inmobiliaria Colonial : Une dynamique qui reste solide sur avril-mai-juin !

>COVID : impacts confirmés à « faible » sur la topline - Colonial a tenu hier soir un call avec les analystes & investisseurs en vue de présenter les dernières actualités de ses activités de bureaux prime (i.e. QCA de Paris, Madrid et Barcelone).Après finalisation des discussions avec ses locataires basés en Espagne, les impacts du COVID-19 sur l’activité récurrente restent faibles : L’impact sur les revenus locatifs bruts est confirmé à date à 2% sur 2020 v...

Alexandre Iatrides ...
  • Charles Lepetitpas
  • Florent Laroche-Joubert
  • Jean-François Granjon
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Sebastien Malafosse
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/08/2020

We are initiating coverage of Phoenix with a Buy recommendation and a target price of 775 pence. Phoenix Group is the UK’s leading life and pension consolidator and is poised to finalise the acquisition of its main competitor, ReAssure, in the coming weeks. It boasts rigorous management of its capital, with significant cash generation and an attractive shareholder return. Cf. company report published today. - ...

Valérie GASTALDY

Short term view - INMOBILIARIA COLONIAL SOCIMI : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €8.900. The next target is at €8.197, then €7.847. Passing €8.900 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - INMOBILIARIA COLONIAL SOCIMI : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 8,900 € prochainement. Le prochain objectif est à 8,197 €, puis 7,847 €. Le franchissement de 8,900 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - INMOBILIARIA COLONIAL SOCIMI : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €8.900. The next target is at €8.197, then €7.847. Passing €8.900 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - INMOBILIARIA COLONIAL SOCIMI : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 8,900 € prochainement. Le prochain objectif est à 8,197 €, puis 7,847 €. Le franchissement de 8,900 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Analyse moyen terme - INMOBILIARIA COLONIAL SOCIMI : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. La correction en cours gagne en vigueur. Il est trop tôt pour parler de retournement baissier. La tendance serait invalidée sous le support à 7,356 €.

1 director bought

A director at Inmobiliaria Colonial Soc bought 3,600 shares at 9.740EUR and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The nam...

Florent Laroche-Joubert

Inmobiliaria Colonial : Still-solid momentum in April, May and June!

>Covid-19: top-line impacts confirmed as limited - Colonial yesterday evening held a conference call with analysts and investors to present the latest developments regarding its prime office operations (i.e. CBD in Paris, Madrid and Barcelona).Following the finalisation of talks with its tenants based in Spain, the impacts of Covid-19 on recurrent operations remain limited: The impact on gross rental revenue to date was confirmed at 2% for 2020 vs an impact ...

Florent Laroche-Joubert

Inmobiliaria Colonial : Une dynamique qui reste solide sur avril-mai-juin !

>COVID : impacts confirmés à « faible » sur la topline - Colonial a tenu hier soir un call avec les analystes & investisseurs en vue de présenter les dernières actualités de ses activités de bureaux prime (i.e. QCA de Paris, Madrid et Barcelone).Après finalisation des discussions avec ses locataires basés en Espagne, les impacts du COVID-19 sur l’activité récurrente restent faibles : L’impact sur les revenus locatifs bruts est confirmé à date à 2% sur 2020 v...

Alexandre Iatrides ...
  • Charles Lepetitpas
  • Florent Laroche-Joubert
  • Jean-François Granjon
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Sebastien Malafosse
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/08/2020

We are initiating coverage of Phoenix with a Buy recommendation and a target price of 775 pence. Phoenix Group is the UK’s leading life and pension consolidator and is poised to finalise the acquisition of its main competitor, ReAssure, in the coming weeks. It boasts rigorous management of its capital, with significant cash generation and an attractive shareholder return. Cf. company report published today. - ...

Alexandre Iatrides ...
  • Charles Lepetitpas
  • Florent Laroche-Joubert
  • Jean-François Granjon
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Sebastien Malafosse
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/07/2020

Nous initions la couverture de Phoenix avec une recommandation à l’Achat et un objectif de cours de 775 pence. Phoenix Group est le leader de la consolidation de portefeuilles d’assurance vie au Royaume-Uni et doit finaliser l’acquisition de son principal concurrent ReAssure dans les prochaines semaines. Il a une gestion rigoureuse de son capital avec une génération importante de cash-flow et un rendement attractif pour les actionnaires. Cf. étude publiée hier soir. - ...

Florent Laroche-Joubert

ODDO : Paris office market: flight to quality confirmed!

>Resilient rental values and immediately available supply still low - As expected, the statistics published yesterday by Immostat confirmed that the health crisis has had an impact on the rental office market in the Paris area (IDF). Although the two months of lockdown obviously impacted on take-up in Q2 2020 (-65% y-o-y), rental values and immediately available supply are showing a good level of resilience at this stage: Rental values (excluding support measures...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Marc Lavaud
  • Nicolas David
  • Olfa Taamallah
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/09/2020

The increase in Fortum’s stake in Uniper to 73.4% upends the two groups’ strategic priorities. In seeking to maintain an investment grade credit rating, Uniper might have to scale back its ambitions in terms of growth investments. In an environment where rivals are looking ahead to the future, Fortum and Uniper are uniting in adversity. We initiate coverage of Uniper with a Reduce rating and a target price of € 24.30. - Cf. company report published last evening. - ...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Marc Lavaud
  • Nicolas David
  • Olfa Taamallah
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/07/2020

La montée de Fortum au capital d’Uniper à 73.4% rebat les cartes des priorités stratégiques des deux groupes. La volonté de maintenir la note de crédit en catégorie « investment grade » pourrait se traduire par une réduction des ambitions d’Uniper en matière d’investissements de croissance. Dans un environnement où les concurrents se projettent dans l’avenir, Fortum et Uniper sont en train de s’unir dans l’adversité. Nous initions le suivi d’Uniper avec une opinion Alléger et un OC de...

Antoine Boivin-Champeaux ...
  • Bruno Cavalier
  • Florent Laroche-Joubert
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/22/2020

The Stoxx 600 Healthcare delivered a performance of +4% vs -12% for the Stoxx 600 year to date. This outperformance is attributable to the sector’s defensive role: i/ reassuring Q1 2020 results publications (confirmation of full-year guidance) and ii/ new market opportunities (COVID-19). However, it could be challenged by 1/ a rotation of portfolios to play the resumption of activity linked to the lifting of lockdown measures and 2/ the run-up to the US presidential elections (US dr...

Antoine Boivin-Champeaux ...
  • Bruno Cavalier
  • Florent Laroche-Joubert
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 22/06/2020

Depuis le début de l’année, le Stoxx 600 HealthCare affiche une performance de +4% vs -12% pour le Stoxx 600 Europe. Cette surperformance s’explique par le rôle défensif du secteur : i/ publications du T1 rassurantes (guidances annuelles confirmées) et ii/ nouvelles opportunités de marché (COVID-19). Cependant elle pourrait être challengée par : 1/ une rotation des portefeuilles pour jouer la reprise d’activité liée au déconfinement ainsi que 2/ l’approche des élections américaines (...

Alexandre Iatrides ...
  • Alfred Glaser
  • Anis Zgaya
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jean Sassus
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Philippe Ourpatian
  • Sebastien Malafosse
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/14/2020

...

INMB.COLO.SOCIMI SA sees an upgrade to Neutral thanks to a better star rating, but the title remains unattractive

The independent financial analyst theScreener just awarded an improved star rating to INMB.COLO.SOCIMI SA (ES), active in the Real Estate Holding & Development industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 1 out of 4 possible stars. Given its market behaviour as moderately risky, theScreener considers that these elements allowing slightly upgrading its general evaluation to Neutral; the title, however, remains unattractive. As of the analysis date May 8, 2020, the closing price was EUR 8.04 and its target price was estimated at EUR 6.9...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Inmobiliaria Colonial. – AGM 29 June 2020

In item 2.1, it is proposed to allocate the parent Company¶s net income for FY 2019 and subsequently distribute a dividend of €0.1556 per share. Under normal circumstances, in light of COVID-19, ECGS recommends that companies postpone decisions regarding dividends to avoid liquidity or financial risks, however, we understand the special circumstances applicable to SOCIMIs. We consider that the obligation to distribute dividends in order to benefit from the special tax regime is covered by the proposition; hence, we recommend support. Yet, in item 2.2, an extra dividend of €0.444 per share is p...

Expert Corporate Governance Service (ECGS)

Inmobiliaria Colonial - AGM 13 June 2019

In item 6, we recommend opposing the authorization to increase the share capital by up to 50%, as the authority includes the power to exclude pre-emptive rights in connection with 20% of the share capital, exceeding ECGS' voting policy limit of 10%. In item 7, we also recommend opposing the authorization to reduce the minimum advance notice period for calling an EGM from 30 to 15 days, because it would strongly limit the time for foreign shareholders to adequately inform, analyse the resolutions and cast their votes through the custodian chain. In item 8.3, the Board proposes to appoint Ms. ...

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