SWX:NRENReal Estate
Novavest Real Estate (SWX:NREN) Stock Faces One Off Profit Risk Behind 76% Margin
Novavest Real Estate stock closed at CHF39.00 on 20 August, roughly flat over the past week and down over the last quarter, even as the latest half year numbers landed with very strong profitability. The headline is the margin story. Net profit margin over the past twelve months reached 76%, supported by a CHF9.5m one off gain that lifts the optics of earnings far above the underlying trend.
For you as an investor, this is a classic time horizon test. The short term readout looks impressive...