MHP Hotel: Successful placement increase free float; Equity story unfolding - NuWays AG Research
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MHP Hotel: Successful placement increase free float; Equity story unfolding - NuWays AG Research

Yesterday, 2.72m already existing MHP Hotel shares were successfully placed (oversubscribed), equivalent to approximately 5.9% of the share capital. With this, the free float further increases to roughly 25% (vs 16% roughly one year ago), representing a deliberate effort to increase the company's liquidity during the mid- to long-term.

Shares trade at a mere 5x FCF FY27e (eNuW).

Reiterate BUY with an unchanged € 3.50 PT based on DCF.
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