DarGlobal’s first full-year results post flotation showed impressive growth driven by a range of positive factors, which bodes well for 2024 and beyond. So far it has sold 72% of launched volume, which highlights the attractions of its locations, developments and brand partners. Edison Group anticipate that Dar Global will generate a return on equity in the mid-to-high teens in the medium term and therefore they continue to value the company on a multiple of shareholders’ funds basis at c US$930m (US$5.17/share), implying c 40% upside.
11 March 2024
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