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
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

...

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 – COMMENTAIRES DETAILLES 14/05/2020

...

Florent Laroche-Joubert

Inmobiliaria Colonial : A very robust operational performance and significant capacity for resilience

>A very solid performance and situation prior to the crisis - At its quarterly publication, Colonial confirmed that the group remains extremely solid and only slightly spared from the beginning of the crisis linked to COVID-19:A very strong operational performance before COVID-19: The organic increase in gross rents was +6% y-o-y in particular thanks to very robust reversion in Barcelona (+50%) and Madrid (+15%) as well as a decline in the EPRA vacancy rate to 2....

Florent Laroche-Joubert

Inmobiliaria Colonial : Une très forte performance opérationnelle & une forte capacité de résilience

>Une performance & une situation très solides avant crise - Lors de sa publication trimestrielle, Colonial a confirmé que le groupe reste très solide et n’est que très peu épargné par le début de la crise liée au COVID-19 :Une très forte performance opérationnelle pre-COVID : La croissance organique des loyers bruts s’établit à +6% yoy grâce en particulier à des réversions très fortes à Barcelone (+50%) et Madrid (+15%) ainsi qu’une baisse de la vacance EPRA à 2....

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...

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 : A very robust operational performance and significant capacity for resilience

>A very solid performance and situation prior to the crisis - At its quarterly publication, Colonial confirmed that the group remains extremely solid and only slightly spared from the beginning of the crisis linked to COVID-19:A very strong operational performance before COVID-19: The organic increase in gross rents was +6% y-o-y in particular thanks to very robust reversion in Barcelona (+50%) and Madrid (+15%) as well as a decline in the EPRA vacancy rate to 2....

Florent Laroche-Joubert

Inmobiliaria Colonial : Une très forte performance opérationnelle & une forte capacité de résilience

>Une performance & une situation très solides avant crise - Lors de sa publication trimestrielle, Colonial a confirmé que le groupe reste très solide et n’est que très peu épargné par le début de la crise liée au COVID-19 :Une très forte performance opérationnelle pre-COVID : La croissance organique des loyers bruts s’établit à +6% yoy grâce en particulier à des réversions très fortes à Barcelone (+50%) et Madrid (+15%) ainsi qu’une baisse de la vacance EPRA à 2....

Florent Laroche-Joubert

ODDO : Property groups are being tested by COVID-19

We estimate that net current cash flow per share for the property companies we cover will be reduced on average by -11.3% in 2020e and -6.0% in 2021e. Retail property companies are likely to be hit the hardest while office and healthcare property groups should prove more resilient. Our Top Picks against this backdrop are Gecina and Colonial in office property, Cofinimmo in healthcare property and Klépierre in retail property. We downgrade Merlin Properties from Buy to Neutral. - §...

Florent Laroche-Joubert

ODDO : Les foncières à l’épreuve de la tempête du COVID-19

Nous estimons que les Cash-Flows Nets Courants / action de nos foncières vont être impactées en moyenne de -11.3% en 2020e et -6.0% en 2021e. Les foncières de commerce seront les principales victimes alors que celles de bureaux et de santé devraient mieux résister. Nos valeurs préférées dans ce contexte sont Gecina et Colonial dans l'immobilier de bureaux, Cofinimmo dans la Santé et Klépierre dans le commerce. Nous passons à Neutre (vs Achat) sur Merlin Properties. - >Des ...

Florent Laroche-Joubert

ODDO : A flight to quality approach!

>Rental market: between strong momentum and disruption linked to the lockdown - According to statistics published yesterday by Immostat, the office rental market in the Greater Paris region has retained a number of its fundamentals (tension on rental values, scarcity of immediately available supply) whilst at the same time take-up has been significantly disrupted by the strikes of December 2019 and the introduction of lockdown measures at the end of the quarter:I...

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

...

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 – COMMENTAIRES DETAILLES 14/05/2020

...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert

ODDO BHF Small & MIDCAP MORNING NEWS - 04/08/2020

While the collapse in our groups' activity is fairly uniform (-70% to -90%), we believe that the pace of recovery will be much faster for motorway concessions and construction than for airports. This is not reflected in share price performances. We are downgrading Fraport to Reduce (target price € 41) and we remain on Reduce for ADP (target price € 100). We prefer Vinci (€ 85) and Eiffage (€ 86). - Cf. report published today. - ...

Alfred Glaser ...
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Laurence Hofmann
  • Samantha Jeary

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/08/2020

A state of rational panic has overtaken the world and the real economy. Investors are envisaging a worst-case scenario, whereby businesses very survival is under threat. We have set this scenario to music. Over and above the temporary effect of the shutdown of the construction industry, the stimulus plans announced in many countries are unlikely to enable a return to the 2019 level in 2021. We prefer the groups with the most solid balance sheets. We have upgraded our recommendations f...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Emira Sagaama
  • Florent Laroche-Joubert

ODDO BHF Small & MIDCAP MORNING NEWS - 08/04/2020

...

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 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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