Sunshine capital investments
Collection of 3.2 million Euros through placement on AIM Italy/Alternative Capital Market.
The placement price is equal to Euro 1.00.
The enterprise. Sunshine is an Investment Company that operates in the real estate sector with investments abroad, in the United States, with a predominant focus on the East Coast. In particular, the activity of the Issuer is mainly focused on the direct or indirect acquisition of majority or minority shareholdings in Special Purpose Vehicles under US law (Limited Liability Company or Incorporated) created ad hoc for each initiative concerning real estate to be restructured intended for subsequent resale, distressed assets and income properties with a size for each investment between approximately € 500,000.00 and € 3,000,000.00.
Ultima Ricerca Sunshine capital investments
UPDATE| Borgosesia reported results in line with the Business Plan, confirming a stable operating model and high profitability. Consolidated revenues amounted to €14.43 million, supported by real estate sales and income from repossession strategy receivables. Gross operating profit stood at €9.61 million, undergoing physiological normalization but still accounting for more than 50.0% of revenues, while EBITDA amounted to €7.29 million (margin of 52.5%) with net income of €2.08 million. On the strategic front, tangible progress has been made: the growth in AUM to €133.00 million (compared to €79.00 million at December 31, 2024) confirms the progress of the third-party management model, despite a natural phase of building fundraising capacity in a highly competitive market. Finally, disposals and collections during the period contributed to the improvement in Adj. NFP to €85.02 million, freeing up resources and strengthening the financial structure. Overall, the half-year shows concrete progress in the transformation process and lays a solid foundation for the expansion of recurring and asset-light activities. Considering the performance in the first half of the year and the Company’s recent announcements, we see no reason to update the forecasts made in the previous report. We expect FY25E production value to be €25.50 million with EBITDA of €12.50 million, corresponding to a margin of 49.0%, and growth in production value to €32.7 million (CAGR 24A-27E: 10.1%) in FY27E, with EBITDA of €19.00 million and a margin of 58.1%. We confirm our target price of €2.50, BUY rating, and MEDIUM risk. |
