Inmobiliaria Colonial S.A.

Inmobiliaria Colonial SOCIMI is engaged in the acquisition, construction, sale, disposal and lease of real estate and related activities, including car garages and parking lots, and the administration and management of real estate properties and land.
  • TickerCOL
  • ISINES0139140174
  • ExchangeMadrid Stock Exchange
  • SectorReal Estate Investment Trusts
  • CountrySpain

Analysts

ING
Research Department

Benelux Morning Notes

AMG: Consensus looks too optimistic for 2Q19 and FY19. Árima: 1H19 confirms progress. Fastned: 1H19 results. Gimv: Deal momentum: two exits and a follow-up investment. Inmobiliaria Colonial: Justifying a premium valuation. LAR Espana: Gravity pulls retail stocks down. Proximus: 2% EBITDA beat on 1% lower sales.

ING
Jaap Kuin ...
  • Pieter Runneboom

Real Estate/Strategy and model update

In this report we update our segment views and estimates for companies under our coverage while changing ratings on six stocks. Berlin rent freeze concerns have driven German resi underperformance. Office property shares appear to have benefited from some of the money leaving German resi, and we see further gains possible with additional QE, offering an overall decent operational performance in European CBD office markets. We continue to see the best forward looking returns in the logistics segment.

1 director bought

A director at Inmobiliaria Colonial Soc bought 3,600 shares at 9.740EUR and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The nam...

INMB.COLO.SOCIMI SA reduced its risk exposure resulting in an upgrade to Slightly Positive

INMB.COLO.SOCIMI SA (ES), a company active in the Real Estate Holding & Development industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date May 28, 2019, the closing price was EUR 9.84 and its potential was estimated at EUR 10.41.

Expert Corporate Governance Service (ECGS)

Inmobiliaria Colonial - AGM 13 June 2019

In item 6, we recommend opposing the authorization to increase the share capital by up to 50%, as the authority includes the power to exclude pre-emptive rights in connection with 20% of the share capital, exceeding ECGS' voting policy limit of 10%. In item 7, we also recommend opposing the authorization to reduce the minimum advance notice period for calling an EGM from 30 to 15 days, because it would strongly limit the time for foreign shareholders to adequately inform, analyse the resolutions and cast their votes through the custodian chain. In item 8.3, the Board proposes to appoint Ms. ...

ING
Research Department

Benelux Morning Notes

AMG: Consensus looks too optimistic for 2Q19 and FY19. Árima: 1H19 confirms progress. Fastned: 1H19 results. Gimv: Deal momentum: two exits and a follow-up investment. Inmobiliaria Colonial: Justifying a premium valuation. LAR Espana: Gravity pulls retail stocks down. Proximus: 2% EBITDA beat on 1% lower sales.

ING
Jaap Kuin ...
  • Pieter Runneboom

Real Estate/Strategy and model update

In this report we update our segment views and estimates for companies under our coverage while changing ratings on six stocks. Berlin rent freeze concerns have driven German resi underperformance. Office property shares appear to have benefited from some of the money leaving German resi, and we see further gains possible with additional QE, offering an overall decent operational performance in European CBD office markets. We continue to see the best forward looking returns in the logistics segment.

ING
Research Department

Benelux Morning Notes

Arcadis: Consistent story. Barco: CMD Feedback – Comforting day at the HQ. Befimmo: Project gains drive NAV up 4%. Deceuninck: 15-20% downside to 2019 consensus following Turkey 1Q19 results Eurocommercial Properties: Tries to comfort on pricing of overdue disposals Heijmans: All units perform in line with expectations IBA: Varian makes big comeback in PT, wins multi room contracts in Norway and China Inmobiliaria Colonial: Strong leasing & pipeline results SBM Offshore: Confirmation on Liza Unity Staffing sector: French data - March trend softer; April outlook stable but on easy comps VG...

Juan Moreno

Colonial: Better than expected 4Q18 results. NAV €10.03/share

Better than expected 4Q18 results. NAV: €10.03/share in December 2018. The company announced a €0.20/share dividend. Positive impact

ING
Research Department

Benelux Morning Notes

Ahold Delhaize: Ending 2018 in style. Air France-KLM: Dutch State stepping into AF-KLM. Colonial: Prime position pays off in 2018. GrandVision: FY18 EBITDA in line with consensus. Heineken: The OXXO gravy train keeps running. NIBC: Delivering on IPO promises – 2019F div yield >8%. NSI: Acquisition in Amsterdam. Signify: CEO sell-side dinner feedback. Solvay: 4Q18 in line, 2019 outlook cautious as anticipated

1 director bought

A director at Inmobiliaria Colonial Soc bought 3,600 shares at 9.740EUR and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The nam...

INMB.COLO.SOCIMI SA reduced its risk exposure resulting in an upgrade to Slightly Positive

INMB.COLO.SOCIMI SA (ES), a company active in the Real Estate Holding & Development industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date May 28, 2019, the closing price was EUR 9.84 and its potential was estimated at EUR 10.41.

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 each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Inmobiliaria Colonial - AGM 13 June 2019

In item 6, we recommend opposing the authorization to increase the share capital by up to 50%, as the authority includes the power to exclude pre-emptive rights in connection with 20% of the share capital, exceeding ECGS' voting policy limit of 10%. In item 7, we also recommend opposing the authorization to reduce the minimum advance notice period for calling an EGM from 30 to 15 days, because it would strongly limit the time for foreign shareholders to adequately inform, analyse the resolutions and cast their votes through the custodian chain. In item 8.3, the Board proposes to appoint Ms. ...

Valérie GASTALDY

Short term view - INMOBILIARIA COLONIAL SOCIMI : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €8.900. The next target is at €8.197, then €7.847. Passing €8.900 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - INMOBILIARIA COLONIAL SOCIMI : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 8,900 € prochainement. Le prochain objectif est à 8,197 €, puis 7,847 €. Le franchissement de 8,900 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - INMOBILIARIA COLONIAL SOCIMI : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €8.900. The next target is at €8.197, then €7.847. Passing €8.900 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - INMOBILIARIA COLONIAL SOCIMI : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 8,900 € prochainement. Le prochain objectif est à 8,197 €, puis 7,847 €. Le franchissement de 8,900 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Analyse moyen terme - INMOBILIARIA COLONIAL SOCIMI : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. La correction en cours gagne en vigueur. Il est trop tôt pour parler de retournement baissier. La tendance serait invalidée sous le support à 7,356 €.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch