An automotive cash cow is revealed after a low-profile IPO and subsequent price decline.
Good job! Thanks for the read.
What's your opinion about delivering 99% FY23 net income as dividends? This decision was followed by the CEO step down. Maybe a coincidence.
I think COHV AG (Brenninkmeijer Family, bregal.de) has a lot to do with these decisions.
The company has been decapitalized without reducing debt, but they still have reasonable leverage.
Do you know who owns Novem's debt? I was not able to answer this question.
Good job! Thanks for the read.
What's your opinion about delivering 99% FY23 net income as dividends? This decision was followed by the CEO step down. Maybe a coincidence.
I think COHV AG (Brenninkmeijer Family, bregal.de) has a lot to do with these decisions.
The company has been decapitalized without reducing debt, but they still have reasonable leverage.
Do you know who owns Novem's debt? I was not able to answer this question.