Resultat av emisjonen:
Tegningskurs: 65,00
Sluttkurs første dag: 67,00
Avkastning første dag: 3,08%
For å motta bonusaksjer må aksjene holdes t.o.m. 16.10.2015. Gjøres det, mottas 1 aksje pr. 15 som ble tildelt i emisjonen og som er beholdt i hele perioden frem til den datoen. Bonus aksjene vil være på konto 20.10.2015.
Oppdatering: Entra er godt mottatt i markedet. Selskapet melder 07.10.2014 at de er overtegnet innenfor det indikative prisintervallet på opp til 44 262 296 nye aksjer og minst 40 000 000 salgsaksjer og tilleggsaksjer. Det brukte de en dag på.
Entra ASA skal på børs ved hjelp av ABG Sundal Collier, Goldman Sachs, Danske Bank, Handelsbanken, Swedbank og Kempen & Co. Minstetegning på kr.10.500. Retail investorer får en bonus aksje pr 15 aksje de kjøper og holder et år etter første handelsdag. Det gjelder for kjøp opp til kr.150.000. Det er en 6,67% "gave" i fra staten til de som har en investeringshorisont på 1 år eller mer. Tilbudsperioden starer 06.10.2014 og varer til onsdag 15.10.2014 kl.12 for bestillingsskjema og 16.10.2014 kl.12 for elektronisk bestilling gjennom VPS.
Pengene de henter inn vil bli brukt til å redusere gjelden slik at selskapet får en gjeldsgrad på 50%. Entra har noe eldre gjeld på høy fastrente som etterhvert skal refinansieres. Det kan redusere gjeldskostnaden noen fremover. Men det er også mulig spreaden de må betale blir noe høyere enn før ettersom selskapet ikke lengre vil være 100% statseid. I sum vil nok finanskonstaden komme noe ned som igjen kan øke utbytte på sikt. Utbytteyield for 2015 er antatt å ligge på 4%.
Om businessen:
Entra is a leading owner, manager and developer of office properties in Norway, focused on centrally-located, high quality assets in Oslo, Bergen, Stavanger and Trondheim. As of 30 June 2014, Entra had a property portfolio of 107 properties totalling approximately 1.3 million square metres. The market value of the Group’s property portfolio as of 30 June 2014 was approximately NOK 26.8 billion. The Group has a particular expertise in the public sector, which represented approximately 72% of the Group’s contractual rent as of 30 June 2014. The proportion of private sector tenants has increased from 12% in 2004, at a compound annual growth rate of 9%, while the total rent from public sector tenants has increased since 2004 at a compound annual growth rate of 6%.
Entra is currently wholly owned by the Selling Shareholder, which announced its intention to privatise Entra in January 2014. Entra has been independently operated on arm’s length principles since 2000.
A key value driver for Entra is its ability
to attract and retain tenants in its management properties. As of 30 June 2014,
the Group maintained a portfolio of 96 management properties totalling more
than 1.0 million square metres. These management properties offer a stable
yield from solid tenants with long lease contracts, with a WAULT of 7.8 years
and an occupancy rate of 95.2% as of 30 June 2014. The WAULT of the entire property
portfolio as of 30 June 2014 was 8.1 years. The Group operates all its
management properties with its own staff.
The Group also has a solid and long
track record of property development and has finalized several large renovation
and new building projects throughout its history, including the construction of
a new office building at Brattørkaia 15 in Trondheim completed in the first
quarter of 2013, the total renovation of the office building at Fredrik Selmers
vei 4 in Oslo completed in the fourth quarter in 2013 and the total renovation
of the office building at Kjørbo in Sandvika (Bærum) completed in the first
quarter of 2014. In addition to these completed projects, the Group has a
significant portfolio of ongoing property projects and an extensive pipeline of
potential projects.
The Group also selectively gains access to development
projects and manages the associated risks through its shareholding in
subsidiaries with significant non-controlling interests and jointly controlled
entities. The Group’s interests currently include Oslo S Utvikling AS (of which
the Group holds 33.33%), Entra OPF Utvikling AS (of which the Group holds 50%),
Hinna Park Eiendom AS (of which the Group holds 50%), Papirbredden Eiendom AS
(of which the Group holds 60%) and Sundtkvartalet AS (of which the Group holds
50%).
As of 30 June 2014, management properties accounted for approximately 91.4%
of the market value and 81.5% of the area of the property portfolio,
respectively, while projects properties and land and development properties
accounted for approximately 6.8% and 1.8% of the market value and 7.4% and
11.1% of the area of the property portfolio, respectively. Total lettable area
of the management properties was more than 1.0 million square metres as of 30
June 2014, with an occupancy rate of 95.2%. The portfolio of management
properties is diversified between public sector tenants and private sector
tenants. Based on the Group’s experience in negotiating lease agreements with
public sector tenants, public sector tenant counterparties make independent
leasing decisions, and no single tenant accounts for more than 6% of the
Group’s aggregate contractual rent.
The Group is organised in four geographic
operating segments: (i) Central Oslo, (ii) Greater Oslo, (iii) South/West
Norway and (iv) Mid/North Norway. Central Oslo comprises all the Group’s
properties located in Oslo, except for Helsfyr-Bryn and Stovner. Greater Oslo
covers the Group’s properties at Helsfyr-Bryn and Stovner, as well as the
Group’s properties in Drammen, Bærum, Skedsmo and Østfold. South/West Norway
covers the Group’s properties in Bergen, Stavanger, Kristiansand, Arendal and Skien,
while Mid/North Norway covers the Group’s properties in Trondheim, Bodø and
Tromsø.`
Ønsker du å tegne deg i Entra:
Les deg opp på hjemmesiden: EntraRetail bestilling: VPS
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