2026 Q2 - tulosraportti
78 päivää sitten
‧26 min
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 6 784 | - | - | ||
| 5 603 | - | - | ||
| 190 | - | - | ||
| 239 | - | - | ||
| 1 199 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 - tulosraportti 23.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 - tulosraportti 14.7. | ||
2026 Q1 - tulosraportti 8.5. | ||
2025 Q4 - tulosraportti 6.2. | ||
2025 Q3 - tulosraportti 28.10.2025 | ||
2025 Q2 - tulosraportti 15.7.2025 |
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
·3 t sittenInterview with CEO Sharam Rahi: https://www.estatenyheter.no/balder-norden/slik-ser-den-nye-balder-sjefen-pa-segmentene-i-goeteborg/516819
·25.9. · MuokattuWell, now I have looked a bit more at Balder after the past month's price drop. If the properties are valued correctly, the share price now reflects almost a 50% discount relative to NAV. That is interesting in itself. However, it is more interesting that the company has started buying back its own shares. Why is the share price falling then? It is falling because interest rates are rising. The Swedish central bank also says that they expect further interest rate hikes. Rising interest rates = rising yield requirements for properties = falling values. The interesting thing here, however, is that Balder has interest rate hedged around 75% of their debt on attractive terms (according to their CFO). The other interesting thing is that their rental growth outweighs inflation (commercial increases at least by CPI and residential is also adjusted in other ways). All else being equal, that should increase the operating profit for Balder. Therefore, I do not believe that such a large risk premium (50%) on NAV is justified for Balder. Their underlying ability to generate cash is strong, and less sensitive to interest rates than if they had not hedged. I have therefore bought a bit more around price 48.DNB Carnegie has just lowered the target price from 70 to 50. Their analysis focuses primarily on higher financing costs and the resulting effects on valuations. It will be exciting to see how it goes.
8.9.Julkaisu on poistettu.
Balder is probably >50% in residential, while Castellum and Fabege are probably almost exclusively in commercial properties (including government tenants)? Now, I don't have an opinion on whether what you say regarding employee competence is correct, but it's probably also obvious that you need less experienced (lower paid) employees to rent out a two-room apartment to a single 20-something, than what is needed to rent out offices of several thousand square meters. And incidentally, residential probably has a much lower risk profile than commercial properties, which explains why the latter group often has a much higher discount against book equity.- ·27.7.Am I the only one who thinks Balder is starting to look very attractive? I'm especially thinking that at the half-year report, the long-term NAV was 94.3 SEK per share. I think that's a pretty reasonable discount on the valuations. Historically, Balder has not been overly optimistic about their assessments, and were quite quick to write down heavily during the interest rate shock in 2022. In addition, they have moved towards residential rental, which is very stable. On the negative side, the debt is a bit too high, and slightly above their own target. All in all, I think it provides very good diversification compared to the global indices which contain 70% US, heavy in tech and asset light (intangible assets). But with Balder, you get Nordic real assets, inflation-linked rental income.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tuotteita joiden kohde-etuutena tämä arvopaperi
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 3 144 398 | 3 144 398 | 0 | 0 |
| DCAR | 400 000 | 400 000 | 0 | 400 000 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 3 144 398 | 3 144 398 | 0 | 0 |
| DCAR | 400 000 | 400 000 | 0 | 400 000 |
2026 Q2 - tulosraportti
78 päivää sitten
‧26 min
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·3 t sittenInterview with CEO Sharam Rahi: https://www.estatenyheter.no/balder-norden/slik-ser-den-nye-balder-sjefen-pa-segmentene-i-goeteborg/516819
- ·25.9. · MuokattuWell, now I have looked a bit more at Balder after the past month's price drop. If the properties are valued correctly, the share price now reflects almost a 50% discount relative to NAV. That is interesting in itself. However, it is more interesting that the company has started buying back its own shares. Why is the share price falling then? It is falling because interest rates are rising. The Swedish central bank also says that they expect further interest rate hikes. Rising interest rates = rising yield requirements for properties = falling values. The interesting thing here, however, is that Balder has interest rate hedged around 75% of their debt on attractive terms (according to their CFO). The other interesting thing is that their rental growth outweighs inflation (commercial increases at least by CPI and residential is also adjusted in other ways). All else being equal, that should increase the operating profit for Balder. Therefore, I do not believe that such a large risk premium (50%) on NAV is justified for Balder. Their underlying ability to generate cash is strong, and less sensitive to interest rates than if they had not hedged. I have therefore bought a bit more around price 48.DNB Carnegie has just lowered the target price from 70 to 50. Their analysis focuses primarily on higher financing costs and the resulting effects on valuations. It will be exciting to see how it goes.
- 8.9.Julkaisu on poistettu.Balder is probably >50% in residential, while Castellum and Fabege are probably almost exclusively in commercial properties (including government tenants)? Now, I don't have an opinion on whether what you say regarding employee competence is correct, but it's probably also obvious that you need less experienced (lower paid) employees to rent out a two-room apartment to a single 20-something, than what is needed to rent out offices of several thousand square meters. And incidentally, residential probably has a much lower risk profile than commercial properties, which explains why the latter group often has a much higher discount against book equity.
- ·27.7.Am I the only one who thinks Balder is starting to look very attractive? I'm especially thinking that at the half-year report, the long-term NAV was 94.3 SEK per share. I think that's a pretty reasonable discount on the valuations. Historically, Balder has not been overly optimistic about their assessments, and were quite quick to write down heavily during the interest rate shock in 2022. In addition, they have moved towards residential rental, which is very stable. On the negative side, the debt is a bit too high, and slightly above their own target. All in all, I think it provides very good diversification compared to the global indices which contain 70% US, heavy in tech and asset light (intangible assets). But with Balder, you get Nordic real assets, inflation-linked rental income.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 6 784 | - | - | ||
| 5 603 | - | - | ||
| 190 | - | - | ||
| 239 | - | - | ||
| 1 199 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 - tulosraportti 23.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 - tulosraportti 14.7. | ||
2026 Q1 - tulosraportti 8.5. | ||
2025 Q4 - tulosraportti 6.2. | ||
2025 Q3 - tulosraportti 28.10.2025 | ||
2025 Q2 - tulosraportti 15.7.2025 |
Tuotteita joiden kohde-etuutena tämä arvopaperi
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 3 144 398 | 3 144 398 | 0 | 0 |
| DCAR | 400 000 | 400 000 | 0 | 400 000 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 3 144 398 | 3 144 398 | 0 | 0 |
| DCAR | 400 000 | 400 000 | 0 | 400 000 |
2026 Q2 - tulosraportti
78 päivää sitten
‧26 min
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 - tulosraportti 23.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 - tulosraportti 14.7. | ||
2026 Q1 - tulosraportti 8.5. | ||
2025 Q4 - tulosraportti 6.2. | ||
2025 Q3 - tulosraportti 28.10.2025 | ||
2025 Q2 - tulosraportti 15.7.2025 |
Tuotteita joiden kohde-etuutena tämä arvopaperi
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·3 t sittenInterview with CEO Sharam Rahi: https://www.estatenyheter.no/balder-norden/slik-ser-den-nye-balder-sjefen-pa-segmentene-i-goeteborg/516819
- ·25.9. · MuokattuWell, now I have looked a bit more at Balder after the past month's price drop. If the properties are valued correctly, the share price now reflects almost a 50% discount relative to NAV. That is interesting in itself. However, it is more interesting that the company has started buying back its own shares. Why is the share price falling then? It is falling because interest rates are rising. The Swedish central bank also says that they expect further interest rate hikes. Rising interest rates = rising yield requirements for properties = falling values. The interesting thing here, however, is that Balder has interest rate hedged around 75% of their debt on attractive terms (according to their CFO). The other interesting thing is that their rental growth outweighs inflation (commercial increases at least by CPI and residential is also adjusted in other ways). All else being equal, that should increase the operating profit for Balder. Therefore, I do not believe that such a large risk premium (50%) on NAV is justified for Balder. Their underlying ability to generate cash is strong, and less sensitive to interest rates than if they had not hedged. I have therefore bought a bit more around price 48.DNB Carnegie has just lowered the target price from 70 to 50. Their analysis focuses primarily on higher financing costs and the resulting effects on valuations. It will be exciting to see how it goes.
- 8.9.Julkaisu on poistettu.Balder is probably >50% in residential, while Castellum and Fabege are probably almost exclusively in commercial properties (including government tenants)? Now, I don't have an opinion on whether what you say regarding employee competence is correct, but it's probably also obvious that you need less experienced (lower paid) employees to rent out a two-room apartment to a single 20-something, than what is needed to rent out offices of several thousand square meters. And incidentally, residential probably has a much lower risk profile than commercial properties, which explains why the latter group often has a much higher discount against book equity.
- ·27.7.Am I the only one who thinks Balder is starting to look very attractive? I'm especially thinking that at the half-year report, the long-term NAV was 94.3 SEK per share. I think that's a pretty reasonable discount on the valuations. Historically, Balder has not been overly optimistic about their assessments, and were quite quick to write down heavily during the interest rate shock in 2022. In addition, they have moved towards residential rental, which is very stable. On the negative side, the debt is a bit too high, and slightly above their own target. All in all, I think it provides very good diversification compared to the global indices which contain 70% US, heavy in tech and asset light (intangible assets). But with Balder, you get Nordic real assets, inflation-linked rental income.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 6 784 | - | - | ||
| 5 603 | - | - | ||
| 190 | - | - | ||
| 239 | - | - | ||
| 1 199 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
Asiakkaat katsoivat myös
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 3 144 398 | 3 144 398 | 0 | 0 |
| DCAR | 400 000 | 400 000 | 0 | 400 000 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 3 144 398 | 3 144 398 | 0 | 0 |
| DCAR | 400 000 | 400 000 | 0 | 400 000 |