Alony Hetz
Found 3 recent publications
Aaron Frenkel makes a big move: buys stock for 32 million shekels
Billionaire Aaron Frenkel, who is currently promoting the giant IPO of Uvision on NASDAQ, continues to accumulate power in the real estate arena. In a series of acquisitions spread over a month, he increased his stake in the holding company Alony Hetz. What attracts him to the company, and how close is he to full control?
Druze riots in the Golan thwarted a wind farm project and pushed Alony Hetz into a loss
The Druze riots occurred at the Aran project last May. The heavy economic loss caused to Energix led the parent company, Alony Hetz, to record a loss attributable to shareholders of 178 million shekels. In addition, in the second quarter, Alony Hetz recorded an impairment of 188 million shekels due to a reduction in the value of land for development in England held by Brockton Everlast.
Alony Hetz stock at a 30% discount: Analysis of the report
The holding company's quarterly loss was primarily driven by accounting write-downs in the British Brockton Everlast and Energix, while operational results of held companies rose by 14%. The stock trades at 30 shekels against a Net Asset Value (NAV) of 42.5 shekels. Is the discount justified?