Rocket Internet : H1 2018 results – Still no substantial update on potential investments/use of cash pile
>Cash position could rise to 80% of market value - Rocket Internet’s net cash position stands at € 2.1bn (post convertible bond buy-back in July 2018), representing ~€ 13 per share or ~50% of the company’s market value, and according to our calculations could grow to € 3.5bn (~80% of Rocket’s current market value) once Rocket sells its remaining shares in Delivery Hero (current stake: 6%), Hello Fresh (36%) and Home24 (33%).Planned Westwing IPO unlikely t...Rocket Internet SE is a Germany-based company active in the investment management and fund operator industry. The Company identifies, builds, scales and retains ownership of Internet companies. It mainly operates in three sectors: e-commerce, including retail companies in the areas of fashion, general merchandise, home and living, office supplies and food groceries; marketplace, comprising companies active in fields such as real estate, travel, transport and food delivery which offer buyers and sellers venues for direct transactions, among others; and financial technology, containing companies bringing together borrowers and lenders in areas like the consumer and small and medium-sized enterprise segments. As a holding company, Rocket Internet AG holds interests in operating subsidiaries divided into regional Internet groups entailing the geographic regions Africa, Asia Pacific, Latin America and the Middle East. The Company has a controlling interest in HelloFresh GmbH.
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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