Wednesday, June 03, 2020

Klepierre notes 2019

In 2018 I wrote: Klepierre cheap at €29? 2018 

On May 20th 2020 the price fell to EUR 13,64 a share and has rebounded to EUR 20,64 today. A jump of 50% in a month. The Coronavirus has hit the company due to the closure of shopping centers.

2019: NAV EUR 39,50 
Cashflow EUR 2,82 

The stock price dropped a lot since I thought it was cheap in 2018 and I still think it might be a good buy. 

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