Natan Hetz’s exercise succeeded – Amot shares soared 7% – the capital market

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The income-producing real estate company


I will die
+7.2%






I will die
1,549
+7.2%


I will die


Base:1,445

opening:1,511

Tall:1,552

low:1,481

change:8,682,388

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, Reported this morning that it intends to issue up to 27.5 million shares, at a minimum price of NIS 14.45 per share, the base price of the share this morning. However, the controlling shareholder, Aloni Hetz (55.36%), announced that it intends to purchase 22 million shares at a price of at least NIS 15.5 per share. Nathan Arrow, the controlling owner of Aloni Arrow is not a sucker. The company’s executives and directors are really not suckers. So why are they willing to buy at a premium of over 7%?

Well, first of all, they do not really commit to buying at a high price. They are just willing to give a high bid to “grab” a significant amount, that does not mean it will be the price. Second and think more – even if it will be the price – then what? They pay a premium of NIS 20 million and the value of their holding increases by many hundreds of millions. No matter how you look at it, The main reason for this statement is to support the stock and in less beautiful language – to raise the stock Which has declined significantly in recent times amid fears that the office market in which Amot operates towards significant change – more work from home, fewer tenants. And it managed Amot shares soaring 7% well above the stocks in its category.

By the way, the shareholders of Aloni Hetz are actually offended by this statement. Shareholders would prefer low-price arrow questionnaires. Why declare and cause an increase in Amot stock? Just buy – in the market, in off-exchange trades and increase into the declines. Which reinforces the group’s intention – to support and raise the share price and not really – as requested – buy cheap.

Last month, Amot reported a 6% drop in revenue, along with a 94% drop in net profit in the second quarter of 2020. Following continued restrictions on business activity, the company once again lowered its forecasts for the full year, expecting the NOI to reach 740 NIS 760 million, and the FFO will amount to NIS 530-550 million.

The latest forecasts show a slight decline compared to the previous forecast, despite the difficult quarter and fears of the corona crisis. In the background, the weak results were affected by the fact that the company “gave up” NIS 30 million to tenants in the shopping centers. On the other hand, in front of the other tenants, the company presented a firm and rigid line and refused to ease their terms.



Source: Amot Financial Statements

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  • 2.

    Office space short term injury

    Long-term injury also does not see a sluggish and rosy industry
    29/09/2020
    14:05

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    Long-term injury also does not see a sluggish and pink industry

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  • 1.

    In the medium term it will rise. Without a doubt (LT)

    Arrows
    29/09/2020
    13:59

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