Report
Joren Van Aken

(Sponsored) Whitestone Group - Good 2023 & spectacular start to 2024

• Whitestone's FY23 NAV amounted to EUR 34.3m or EUR 15.1 p/s• Since the start of 2024, Whitestone announced both a deal with Multifin and a capital raise, which would bring the portfolio towards a size of EUR 80m• The Group has significantly improved its communication, clarified its investment strategy and is implementing best practices in terms of governance including several initiatives on ESG• We estimate today's NAV at EUR 14.7 p/s, implying a discount of 12.1%. We raise our target range to EUR 13.4-15.1 (from EUR 10.9-12.9)
Underlying
WHITESTONE GROUP

Provider
Degroof Petercam
Degroof Petercam

​We are an investment house with Belgian roots founded on more than 150 years of trust.

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Analysts
Joren Van Aken

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