Tuesday , May 30 2023

The whole Dune House will be thrown across Europe


Duna House wants to become a decisive player in the European real estate market, seeking additional opportunities to acquire not only in the region, but also in Europe, investing between 2 and 20 million euros.

Gui Dimschiz (co-CEO) Duna House Holding Plc said that he did not mind the company entering the Budapest Stock Exchange in November 2016. The shares are listed in the premium category. At the same time, he believed that the current course of their actions did not reflect the true value of the company – on Tuesday, the closing price of the shares was 3660 forints, the MTI reported.

He said that in the first half of 2018, the company's interest rate, tax margin and pre-depreciation (EBITDA) amounted to HUF 1.43 billion, an increase of two and a half times more than in the same period of 2016. In addition, the share price did not have a significant impact on the continuous growth of dividends or the purchase of MiCiti.

He also urged the company to focus on the search for new markets, as well as existing ones. This is emphasized by the fact that the franchise network has already begun in the Czech Republic, and in Hungary they have been working on extending the franchise system so far.

Important events

Ferenc Mate, deputy general manager of the company, recalled that the company was later expanded on November 6, when the Polish branch of the Duna House Group bought Metrohouse Franchise S.A. from Polish Gold Finance Sp. The zoo. loan broker. Gold Finance transferred HUF 63 billion in 2017, which is equal to the credit portfolio transmitted by the entire Duna House group in Hungary and Poland – the importance of buying was felt by Ferenc Mate.

Doron Dimschiz, the other co-owner of the group, mentioned the extension of the family home allowance (bouquets) as the most important changes in the Hungarian real estate market, retaining a preferential 5 percent ramp – under certain conditions – until 2023, and ending state subsidies for housing savings funds. It is also called noise expansion and maintenance of housing stock as a positive step, with the first expected increase in the loan portfolio, and the second is eliminated by uncertainty in the market. Excluding state aid from the company encourages companies to develop new money markets, he added.

Daniel Schilling, the company's director, paid attention to the target prices set by analysts. Concerning the target price of 4751 forints agreed by the Concorde Securities Zrt., The Group believes that the current price of shares should be exceeded, he said.

Dune House's shares were traded in the premium BSE category of November 11, 2016. Over the past year, the highest rate was 4340 forints, the lowest for 3360 forints.


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