Delays in project monetization weighing on the shares – Dimand’s share performance remains subdued in 2024, with the stock enjoying just a temporary respite during Aug-Sep. The shares have come under renewed pressure since early November, surrendering all the gains registered during Q2’24. Weighing on the stock, in our view, has been the timeline slippage regarding the monetization of assets (e.g. Minion), fact that has pushed back the key catalyst for re-rating. H1’24 results were in general he...
Leading developer in Greece, focused on urban redevelopment – Dimand is one of Greece’s top developers, managing a total of 20 projects encompassing varied-use assets of 539K sqm and a gross development value (GDV) – upon completion – near €1.2bn. The company has expertise in developing energy-efficient and modern buildings, with its competitive moat – following 18 years of presence in the field – lying in its ability to identify areas ripe for urban development, thus being able to acquire land ...
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