Report

En ordre de marche - ACHAT - OC 2,15€

Depuis la prise de contrôle par SCOR en 2013, MRM a nettement avancé dans la mise en oeuvre de son plan de spécialisation sur des commerces value added. L’impact devrait être relutif sur le résultat net récurrent 2019 tout en améliorant la qualité moyenne du portefeuille. L’absence de taille critique rend cependant de nouvelles acquisitions ou un adossement de la structure nécessaires. Dans les deux cas, nos valorisations sur la base des flux anticipés ou sur la valeur de vente de la société font ressortir des potentiels de hausse. Achat (objectif de cours 2,15€).
Underlying
MRM S.A.

MRM Societe Anonyme. MRM SA is a France-based real estate investment company with a strategy focused on performance and risk control. It's portfolio of assets comprises office buildings, retail buildings and case studios located in France in such cities as Paris, Nanterre, Puteaux and Rueil-Malmaison, among others. The Company operates a number of subsidiaries, including Dynamique Financiere SAS, Investors Retail Holding SAS, DB Noratlas, DB Fouga SAS, and DB Neptune SAS, among others. MRM SA is managed by CB Richard Ellis Investors. As of May 30, 2013, MRM SA has completed the recapitalization operation set out in the investment agreement entered into on March 7, 2013 with Scor SE, which acquired a 59.9% majority stake in MRM SA's share capital and the conversion into shares of the EUR 54.0 million bond debt issued by DB Dynamique Financiere, a wholly-owned subsidiary of MRM SA. In September 2014, the Company sold Delta two - building office complex in Rungis.

Provider
Invest Securities
Invest Securities

Since 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.

Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.

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