Dekpol (DEK) today presented preliminary figures for premises and units sold during the first quarter of the year. The company sold 115 units (up from 93) and 104 premises (down from 108). They currently have 625 premises listed for sale.
During the first quarter of the year, among others, the "Grano Marina Hotel" in Wiślinka, part of the "Sol Marina" project (started in 2018), which also includes two "Stage II" projects, was sold. The CEO of Dekpol Development has mentioned in interviews that the portion of the portfolio maturing in 2024 is more weighted towards the premium segment, which likely results in higher margins during the first quarter.
It is interesting to note that so far in April, there have been 3 days with over 8k shares traded. Yesterday (2024-04-10), a block of 10k shares changed hands at 50.4 PLN per share (totalling 504k PLN), and on April 3rd, there were two transactions of 5k shares each – also at 50.5 PLN per share. Looking at the shareholder list, only four shareholders (including two institutions) control more than 10k shares. No insider transactions have occurred since 2020 (when Tuchlin purchased shares for 0.5 million PLN). According to the KNF rules insider needs to notify the stock market within three days after the transaction – so at least the first 2x5k-batch was not done by anyone in management or on the board.
The Q1 2024 report will be available on May 27th.
(Disclaimer: at the time of publication, the writer owns shares in the mentioned company)
