2024-01-15 06:08:23
Share H. Mer went up with the opening of the trading week in Tel Aviv by about 15%, continuing the positive momentum with a climb of about 40% since the beginning of this year (less than two weeks). itself. H. Mr. engages in the execution of projects and the provision of services in the fields of communications and security, and is currently traded on the Tel Aviv Stock Exchange at a value of approximately NIS 163 million.
The largest shareholder in Mar is a Fimi fund, headed by Yishai Davidi, which owns 36.6% of the share capital – with a current value of approximately NIS 56.2 million. Despite the positive momentum in the stock, the investment in Mr. Malha is a success as far as Fimi is concerned. The fund entered into an investment in Mr. at the end of 2013 then purchased about 30% of its shares for NIS 95 million, according to a company value of about NIS 320 million – double its current value. The previous controlling owner in Mar, the founder Haim Mar, currently owns 30.5% of the company’s shares.
In accordance with Fimi’s modus operandi, it acquires companies with the aim of improving their operations and adding value to them; In the case of H. Mr. The process seems to have taken quite a long time, and now it may have begun to bear fruit. The strategy b. Mr. is of focusing on specific areas of activity and specific countries. Among other things, H. Mer focuses on solutions in the “smart city” or “safe city” field, in this framework it offers management software for campuses and critical complexes, along with other related solutions. In the field of homeland security it works with state organizations and in the field of communication it provides broadband infrastructure and tactical communication systems for land and sea forces. Among the solutions it offers to its customers, it is possible to mention projects in the field of homeland security, building data centers, cyber defense projects and more. The company’s activities abroad are focused on several countries in Latin America and Africa.
Transition from loss to profit
In the first three quarters of 2023, h. Mer recorded revenues of NIS 476 million, a growth of 35.6% compared to the corresponding period in 2022. The growth came from both the company’s operations in Israel and its global operations. The operating profit in this period jumped from NIS 2.5 million to NIS 26.6 million, although the operating profit in the corresponding period was affected by a loss from the revaluation of financial assets amounting to approximately NIS 12 million. Bottom line, the company went from a net loss of NIS 6.7 million to a net profit of NIS 10.2 million, thanks, among other things, to ceasing operations and improving the results of ongoing operations.
The company is managed by Roi Hess and the chairman of the board is Nir Lampert. Hess replaced Lampert in the position of CEO two years ago, when the previous chairman Haim Mar asked to terminate his position, and Lampert replaced him in the position.
For your attention: The Globes system strives for a diverse, relevant and respectful discourse in accordance with the code of ethics that appears in the trust report according to which we operate. Expressions of violence, racism, incitement or any other inappropriate discourse are filtered out automatically and will not be published on the site.
#disappointing #security #stock #Fimi #Fund #opened #burners #year