Icade : A very (excessively) discounted stock vs better visibility on residual activities
>Balance sheet reinforced pre-capital redeployment with a 12.9% dividend yield - We received Nicolas Joly (Icade’s new CEO), Victoire Aubry (CFO) and Anne-Violette Faugeras (HIR) at the company's Paris road show following the interim results publication.Based on an initial analysis, the new CEO considers that the asset portfolio for office property is far better than the market may perceive it to be, and that the Santé divestment now enables Icade to draw on a st...Icade is a property developer/real estate investment trust (REIT). Co. offers its clients and business partners a range of complementary products and expertise in the development, design, contracting, marketing, and administrative and technical management of their properties. Co.'s activities are segmented into three divisions: Property Investment, Property Development, and Services. Property Investment focuses especially energy, water, waste and carbon comprises significant properties; Property Development targets properties and operations whose service orders were launched during the year, and Services division manages office buildings and housing units on behalf of third parties.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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