Stock watchers discuss a significant shareholder’s accumulation of a 22% stake, approaching the 30% takeover trigger, enhancing their voting influence.

Concerns are raised about the real market value of a property portfolio reported at 54 million €, with profit before tax from lease income at only 0.8 million €, suggesting a potential overvaluation.

The real value of a building approximately 70% empty and losing significant money is questioned, highlighting difficulties in valuing properties with high vacancy rates and ongoing financial losses.

Market value disparities are highlighted for buildings with high vacancy and losses, affecting potential selling prices and investor interest.

Discussions about the company’s property in Gdynia underline the challenge with 72% of office space still unleased and the slow progress in filling this space.

Stock watchers discuss board decisions and their impact, including the awards of large option grants to directors, viewed critically in light of share price performance and company management.

The impact of rising interest rates on property letting versus buying is noted, indicating a potential increase in leasing activity due to higher borrowing costs.

The strategic direction of the company is critiqued, particularly the lack of clarity and perceived focus on executive compensation rather than shareholder value.

A new loans platform initiative by the company is mentioned, with a shared risk approach and conservative lending criteria, awaiting results to assess its effectiveness.

Stock watchers express concerns over management’s effectiveness, particularly in light of the company’s low share price and historical performance, contrasting with generous executive bonuses.