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Orascom Development Holding AG (ODHN)

Switzerland
Currency in CHF
Disclaimer
4.13
-0.05(-1.20%)
Closed

ODHN Comments

Orascom owns assets in the billions, while its enterprise value is only in the millions. . Since 1989, Orascom Development Holding has built entire towns in seven different countries, and in the process, has created homes for thousands of people. . . After almost a decade of problems for the company, the next quarter could have ODH again reporting profits for shareholders. . . ODH has land holdings of some 101 million sqm, almost the size of Paris. Only 17 million sqm, or 17%, are currently developed.. . Orascom Development Holding assigned CBRE Group Inc, one of the best-known international property valuators, to conduct a fair market value study for all of ODH's nine operating destinations.. ​. CBRE's report valued the remaining undeveloped land in one of ODH's destinations at an aggregate market value of USD 1.82 billion, 170 times its current book value.. . In my opinion, this stock has the potential to go back to IPO levels in a couple of years.
when the share rises to its fair market value
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