reports
- Christian Auzanneau
Merger Project with MHM
Merger Project with MHM M&A /CORP. ACTION MyHotelMatch, a company in the Ott galaxy, announces a project to merge with Courbet Heritage. FACT MHM may purchase Courbet Heritage. Regulatory approval is necessary. ANALYSIS Governance The Ott family almost entirely owns Courbet Heritage, with the Ott family owning less than 30% of MHM. Given Courbet Heritage’s valuation advantage, if the transaction were fully compensated with new MHM shares, the Ott family’s stake in NewMHM would exceed 30...
- Christian Auzanneau
Preliminary update (COURBET)
Preliminary update OPINION CHANGE CHANGE IN OPINION Add vs Sell Pending further details on the works programme, financing, timetable and other information, we are updating our model to take into account: i/ the integration of the Hotel Mozart in Prague and the Christ Roi in Lourdes, and ii/ the accretion resulting from the €20m capital increase (€9m immediate in 2024 and deferred via ORA for the balance). Given COURBET AM's expectations in terms of future value creation, our recommendation is...
- Christian Auzanneau
Triple the NAV by 2030
Triple the NAV by 2030 EARNINGS/SALES RELEASES The development of COURBET AM’s portfolio continues at a steady pace. The OTT Group is supporting the company via a global capital increase (immediate and deferred) of €20m. FACT The AGM of June 28, 2024 made it possible to validate the accounts closed on June 30, 2023 COURBET S.A. becomes COURBET ASSET MANAGEMENT The fiscal year is extended from June 30, 2024 to December 31, 2024, i.e. an exceptional fiscal year of 18 months The 2030 strategi...
- Christian Auzanneau
Accelerating the deployment of the pipeline
Accelerating the deployment of the pipeline SIGNIFICANT NEWS The many projects underway will require us to carry out an in-depth review of our model, our figures and our valuation per share. We take a look at the latest news from Courbet. FACT Signature of a management agreement in Prague with Accor concerning the Mozart hotel, which will become a Sofitel. The Collège in Cannes will be rebranded under the Hosho banner as part of an agreement with Louvre Hôtels (Jinjiang group). A buildi...
- Christian Auzanneau
Alluring acquisition in Cannes
Alluring acquisition in Cannes M&A /CORP. ACTION COURBET has just acquired 6,000sqm of buildings in Cannes. The acquisition should re-inforce its portfolio and contribute significantly to its NAV. FACT COURBET has just acquired 6,000sqm of ground on a landbank of 1.1ha in Cannes. The buildings benefit from a direct Mediterranean sea view on top of access to the beach. The plot will be managed as a leasehold with a long-term contract. Residual contract length and annual rents are unavaila...
- Christian Auzanneau
Building tomorrow's hotel offer
Building tomorrow's hotel offer INITIATION COV. With the arrival of Jean-François OTT, a seasoned European real estate professional, COURBET has made a new start in 2022. A portfolio in excess of €100m is targeted in France, particularly in the hotel sector. It will be built up in a phase of the cycle favourable to buyers, thus offering a controlled risk profile to the shareholder. New start under the leadership of Mr. OTT Since February 26, 2022, Mr. Jean-François OTT is the CEO of COURBET. ...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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