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MarketScreener Homepage  >  Equities  >  TALLINN STOCK EXCHANGE  >  Baltic Horizon Fund    NHCBHFFT   EE3500110244

BALTIC HORIZON FUND

(NHCBHFFT)
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Baltic Horizon Fund : announces results of the secondary public offering

10/23/2020 | 06:30am EST

Secondary public offering of Baltic Horizon Fund units ended on 22 October 2020 16:00 (EEST). In total, 6,247,904 units were subscribed which corresponds to gross amount of EUR 7.2 million.

“We are satisfied with the results, considering the current difficult environment for fund raising due to COVID-19. Nearly 500 new retail investors were onboarded from the Baltic States during subscription period and it was the first time we introduced Baltic Horizon to Lithuanian retail investors as long term real estate investment opportunity. With the new equity raised, we can pursue our investment plans with the continuous focus on regular quarterly dividends”, commented Tarmo Karotam, Fund manager of Baltic Horizon Fund.

Aare Tammemäe, partner of Redgate Capital AS: “Baltic Horizon Fund units subscription results were satisfactory, considering the tough environment where many institutional investors had uncertainty about the future economic developments overall. Also, passing the new law on Estonian pension fund system reform made it more difficult for the pension funds to look at local instruments.”

Northern Horizon Capital AS, the management company of Baltic Horizon Fund has decided to allocate each investor all units they subscribed for.

As a result of the offering the total number of Baltic Horizon Fund units will be increased by 6,247,904 units and after the new units have been registered with the Estonian Register of Securities, the total number of units will be 119,635,429.

For additional information please contact:

Tarmo Karotam
Baltic Horizon Fund manager
E-mail tarmo.karotam@nh-cap.com
www.baltichorizon.com

Baltic Horizon Fund is a registered contractual public closed-end real estate fund managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS.

Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com

This announcement contains information that Northern Horizon Capital AS is obliged to disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the above distributors, at 13:10 EET on 23 October 2020.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

© OMX, source OMX

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Financials
Sales 2020 29,2 M 35,5 M 35,5 M
Net income 2020 11,8 M 14,3 M 14,3 M
Net Debt 2020 193 M 234 M 234 M
P/E ratio 2020 11,9x
Yield 2020 -
Capitalization 142 M 173 M 173 M
EV / Sales 2020 11,5x
EV / Sales 2021 11,5x
Nbr of Employees -
Free-Float -
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Baltic Horizon Fund Technical Analysis Chart | NHCBHFFT | EE3500110244 | MarketScreener
Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts 1
Average target price 1,38 €
Last Close Price 1,19 €
Spread / Highest target 15,4%
Spread / Average Target 15,4%
Spread / Lowest Target 15,4%
EPS Revisions
Managers and Directors
NameTitle
David Bergendahl Member-Supervisory Board