Glaston - glass manufacturing technology for the world

Here is a company report from Aapeli following the sale of the Swiss real estate :slight_smile:

Glaston announced on May Day Eve that it is selling its Swiss factory property, generating a significant cash flow return and a non-recurring gain on sale. We view the transaction as very positive, as it releases capital from the company’s balance sheet and is substantial given the company’s size. We estimate that the company will return to paying dividends next spring, though the transaction has no impact on our operational forecasts. With a strengthening financial position and our anticipated dividend distribution, we see the stock’s risk-adjusted expected return having risen to a sufficient level again when reflected against its long-term potential. Therefore, we upgrade our recommendation to Accumulate (prev. Reduce) and our target price to EUR 1.3 (prev. EUR 1.2).

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