SWX:ALLNReal Estate
Allreal Holding (SWX:ALLN) Stock Confronts Margin Squeeze And Cash Flow Doubts
Allreal Holding shares closed at CHF198.80 on 25 August, with the stock drifting lower over the past week and month. Yet today’s half year numbers tell a more nuanced story. Basic earnings per share of CHF6.39 and net income of CHF105.6m arrive against a backdrop of shrinking margins over the last twelve months and a large one off gain still sitting in the rear view mirror.
The real fault line is not the headline profit; it is the pressure on profitability and the strain on cash flow backing...