contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


oscar-properties-set-for-further-divestments-abg

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Oscar Properties Holding

Net operating income -17% vs. ABGSCeIFPM in earnings capacity down ~50%Occupancy rate at 87% (88% in Q1)Negative income from property management and net profitRental income came in at SEK 105m...

Net operating income -17% vs. ABGSCeIFPM in earnings capacity down ~50%Occupancy rate at 87% (88% in Q1) Negative income from property management and net profitRental income came in at SEK 105m (51m), compared to our forecast of SEK 116m. Net operating income was SEK 70m (22m) and the NOI margin 66% (44%), compared to our estimates of SEK 84m and 72%. Central admin was hurt by a one-off of SEK 2.6m. Income from property management (IFPM) amounted to SEK -16m (SEK -27m) compared to our forecast of SEK 14m. In the earnings capacity, IFPM fell by 48% in absolute numbers and 50% per share. The occupancy rate amounted to 87% (88% in Q1). The average interest rate was 5.0% (4.6% in Q1). More divestments to come in the autumn according to CEOProperty value changes amounted to SEK 51m (51m) or 0.7% vs. ABGSCe 0.4%. SEK 104 of this (unrealized) is due to improved NOI, while SEK -51m (realized) relates to divestments of detached houses in Skurusund and completion of the Plania project in Stockholm. The valuation yield was flat q-o-q (-0.1 bps y-o-y) at 5.8%. EPRA NRV per share was roughly flat q-o-q (+8% y-o-y) at SEK 17.2, roughly in line with our forecast of SEK 17.4. Net LTV was 71.5% compared to 70.8% in Q1. The CEO mentions in the report comment that Oscar Properties has divested properties for SEK 333m during and after Q2 that were acquired for SEK 300m. He further emphasises that Oscar Properties will continue to divest during the autumn to free up liquidity to amortise on loans. ~13x 2023e P/IFPM of and 0.26x P/EPRA NRV On pre-Q2 estimates, the share is valued at ~13x 2023e P/IFPM and a 74% discount to EPRA NRV. OP is higher leveraged than the sector (~71% net LTV Q1’22 vs. ~46% avg. of peers CAST, FPAR, and WIHL) while it is valued some 20% above (P/IFPM) and 60% below (P/EPRA NRV). We have a fair value range of SEK 5.5-8.0. Läs mer på ABG Sundal Collier