Castellum is Europe’s most sustainable property company. For the seventh year in a row, included in The Sustainability Yearbook, which ranks the world’s top companies in sustainability. As a real estate company, Castellum ranks first in the Nordic region, first in Europe and fifth in the world.
I am slowly starting to buy the shares in Castellum when it bottomed around 97 SEK. The stock lost roughly 50% from its high, recently. I saw the same in the stock price in 2007 to 2009. The stock retreated about 55%. I suspected that it will be the same here during 2022-2024, that the stock will bottom out at -50% and then you should take care and buy as much as you can. From what I see today, it was a good decision.
The share bottomed out at SEK 97 and rose sharply in recent weeks to SEK 144. That’s almost a 50% increase, but to get to the same high price as it was before, the stock has to go up 100%. An example: If the share goes down from SEK 200 to SEK 100, it is -50%. For it to come back from SEK 100 to SEK 200, it has to go up a full 100%. Before I forget the dividend:
During the year, the board has worked on handling the rapidly changing capital market and has previously tightened the company’s financial policy to create further stability and secure the credit rating, Baa3 stable outlook, for the company. In light of the changed capital market and the completed rights issue of approx. SEK 10 billion earlier in 2023, the board has decided not to propose that the annual general meeting decide on a dividend for 2023,” says Per Berggren, chairman of the board, Castellum AB.
Castellum will therefore not distribute any money in 2024, but I am quite sure that they will distribute some in 2025. However, there is always a risk that it will be moved even further, but lets hope it is the right decision.
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