Recent Interviews

Dirk Graszt, CEO, Clean Logistics SE

Dirk Graszt
CEO | Clean Logistics SE
Trettaustr.32, 21107 Hamburg (DE)


Interview Clean Logistics: Hydrogen challenge to Daimler + Co.

Matthew Salthouse, CEO, Kainantu Resources

Matthew Salthouse
CEO | Kainantu Resources
3 Phillip Street #19-01 Royal Group Building, 048693 Singapore (SGP)

+65 6920 2020

Interview Kainantu Resources: "We hold the key to growth in the Asia-Pacific region".

Justin Reid, President and CEO, Troilus Gold Corp.

Justin Reid
President and CEO | Troilus Gold Corp.
36 Lombard Street, Floor 4, M5C 2X3 Toronto, Ontario (CAN)

+1 (647) 276-0050

Interview Troilus Gold: "We are convinced that Troilus is more than just a mine".

16. January 2020 | 09:31 CET

Buy Homes & Holiday: Analysts see significant upside potential

  • Real Estate
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Homes & Holiday AG should significantly increase sales and earnings in the current year 2020. This is expected by the analysts of GBC Research in their current study. On the basis of the refocusing on the core business on the Balearic Islands, which began in 2019, GBC has valued the specialist for holiday properties using a DCF model and calculated a fair value of EUR 1.05 per share. Based on the current price level of around EUR 0.40 per share, the analysts see high potential and have given the share a Buy rating. The potential market potential is very high.

time to read: 1 minutes by Mario Hose



Mario Hose

Born and raised in Hannover, Lower Saxony follows social and economic developments around the globe. As a passionate entrepreneur and columnist he explains and compares the most diverse business models as well as markets for interested stock traders.

About the author

Balearic Islands most attractive holiday property market in Europe

The holiday property specialist has an attractive market environment in the core region of the Balearic Islands. In 2018, properties with a total value of around EUR 4.00 billion were sold on this Spanish archipelago. The company has a good market position on the Balearic Islands in its brokerage and holiday rental business segments and thus a good starting position for further growth.

Significant improvement in turnover and earnings by 2021

Following the increased focus on the core region of the Balearic Islands and consolidation of the corporate structure, as well as the cost optimisation programme that has been initiated, the H&H Group is now back in growth mode. In parallel, significant improvements in operating results have already been achieved. GBC expects significant effects from the cost reduction programme, particularly in the 2020 financial year.

On this basis, the analysts expect sales growth in 2019e from EUR 2.22 million to EUR 2.78 million (2020e) and EUR 3.41 million (2021e). In the context of this expected dynamic development and setting economies of scale, the operating result (EBITDA) should also improve further to EUR -1.68 million (2019E), EUR 0.13 million (2020E) and EUR 0.42 million (2021E).

Business model realigned

Homas & Holiday has realigned itself in 2019. With the exception of Munich, all branches in Germany were closed and the operational management on Mallorca was bundled. The number of employees was reduced significantly and franchise partners were exchanged. The Group is now fully focused on holiday properties on the Balearic Islands. There, the group is one of the leading marketers with the Porta Mallorquina brand and is the number 2 among the Finca property developers with its booking portal


Mario Hose

Born and raised in Hannover, Lower Saxony follows social and economic developments around the globe. As a passionate entrepreneur and columnist he explains and compares the most diverse business models as well as markets for interested stock traders.

About the author

Conflict of interest & risk note

In accordance with §34b WpHG we would like to point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH may hold long or short positions in the aforementioned companies and that there may therefore be a conflict of interest. Apaton Finance GmbH may have a paid contractual relationship with the company, which is reported on in the context of the Apaton Finance GmbH Internet offer as well as in the social media, on partner sites or in e-mail messages. Further details can be found in our Conflict of Interest & Risk Disclosure.

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  • Real Estate

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  • Real Estate

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06. January 2020 | 05:50 CET | by Mario Hose

Rent cap keeps Vonovia & Co on its toes: MOREH offers 6% fixed interest rate with commercial property

  • Real Estate

The discussions surrounding a rent cap in Berlin and other cities have repeatedly caused uncertainty among shareholders of real estate companies such as Vonovia in 2019. No improvement is in sight for 2020. Anyone who focuses on commercial real estate is not affected by this. For example, the real estate portfolio owner M Objekt Real Estate Holding GmbH & Co. KG, MOREH for short. In the summer of 2019, the company issued a corporate bond with a fixed interest rate of 6.00 percent with a semi-annual payment and extensive collateral. The security with a term of five years can be traded on numerous German stock exchanges. MOREH is a classic real estate portfolio holder with a focus on commercial real estate in Western Germany. Experts consider the MOREH bond to be attractive and have invested.