RCM Beteiligungs - Rising expectations
Q3 results show RCM Beteiligungs to be in fine form. A rise of over 50% in pre-tax profit accompanied confident guidance both for this year (proposed 50% hike in the dividend) and 2018 (targeted pre-tax profit to exceed €3m). A recent €11m bumper development sale epitomises a successful focus on certain well-defined projects, which is clearly paying off in terms of efficiencies as well as asset development and appreciation. We are further encouraged by the resumption of the share buyback programme and continued enhancements to the group structure, which should aid transparency.RCM Beteiligungs AG is a Germany-based investment company that invests in real estate and third companies. In the real estate segment, the Company focuses on residential real estate properties in Eastern Germany. The Company operates through SM Wirtschaftsberatung AG, SM Capital AG, SM Domestic Property AG, Krocker GmbH Dresden and Apollo Hausverwaltung GmbH Dresden.
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