Report
(Sponsored) Whitestone Group - Capital increase completed and ready for next stage of growth
• On Friday, Whitestone Group announced that it completed its EUR 25m capital increase, which was oversubscribed• Another EUR 15m can be raised by the end of June through a potential new shareholder who would take a 10% stake in the firm at the same price of EUR 13.0• Whitestone is sitting on a cash pile of >EUR 20m or almost EUR 4 p/s. That represents close to 40% of the portfolio. This can increase further if the new shareholder injects its EUR 15m• We estimate today's NAV to be EUR 14.2 p/s, implying a discount of 5%. Given the
Underlying
WHITESTONE GROUP
Provider
Degroof Petercam
We are an investment house with Belgian roots founded on more than 150 years of trust.
As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.
Joren Van Aken
Other Reports on these Companies
Other Reports from Degroof Petercam
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.