Amasten NEOBO
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Full analysis: 6 Apr 2026
Latest news check: 9 Aug 2026
General analysis — not personal advice.
HOLD
6/10
Confidence
Hold for now; reassess after the Q1 report on 22 Apr 2026.
The picture remains mixed after the Q2 report with new ownership and short moves balanced against ongoing rate sensitivity and the need for clearer data from the next report.
Market sentiment
8/10
↑
Trend: Improving
Sentiment is mixed with positive support from the new large shareholder offset by the new short position and retail profit-taking.
Price context
The share trades at 19.84 SEK near its 52-week high after a 6.7 % weekly gain, reflecting stable momentum yet limited further upside from current levels.
Risk assessment
7/10
Dilution:
Low
Buybacks and positive cash flow reduce issuance need
Jurisdiction:
Low
Sweden is a stable jurisdiction
Execution:
Medium
Requires active management and vacancy reduction
About the company
Amasten as a listed entity is historically tied to restructurings; the listed continuation described in the research is Neobo Fastigheter (ticker NEOBO). The company owns and manages mainly Swedish residential rental properties, focused on growth municipalities. The investment case is driven by interest rates, leverage, and the discount to NAV.
Sector:
Swedish residential rental real estate
Type:
Other
Next report
21 Oct 2026
Q3
Catalysts
Unknown
New buyback mandate up to 10 %
Medium
Horizon:
Bull case
Jan Ståhlberg’s entry as a major shareholder can bolster confidence and support net asset value through continued buybacks.
Bear case
Citadel’s short position and retail profit-taking signal doubts about upside at current price levels.
Signal rationale (informational)
The picture remains mixed after the Q2 report with new ownership and short moves balanced against ongoing rate sensitivity and the need for clearer data from the next report.
Recent news
- Jan Ståhlberg flagged above 5 % ownership in early August 2026. Citadel Advisors opened a 0.5 % short position. The buyback program continued with share cancellation on 31 July. The share closed at 19.84 SEK.
Key figures
Revenue
Q2 2026
SEK 236M
Net income
Q2 2026
SEK -63.0M
Shares outstanding
as per AGM 2026
RAW 145M
EPS
Q2 2026
SEK -0.43
Price & valuation
Last close
SEK 19.75
Market Cap
SEK 2.9B
1 week
+3.3 %
3 months
+20.1 %
12 months
+19.7 %
From 52w high
-5.8 %
From 52w low
+25.6 %
Exchange
Stockholm
Sector
Swedish residential rental real estate
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.