The Hanan Mor Group reported that during the fourth quarter of 2022 so far, the controlling owners have purchased shares and bonds of the company amounting to approximately NIS 2.5 million. In addition, Keren Safra, an interested party in the company, purchased shares amounting to approximately NIS 12 million last week. and a director and managers of the company, who are not among the controlling owners, purchased the company’s securities last week.
Hanan Mor’s stock registered weakness in the past week and the group clarifies that it has unencumbered expected surpluses from the Sde Dov, Ramat Gan and Be’er Ya’akov projects totaling approximately NIS 1.3 billion. “In the 18 months from September 30, 2022, the company is expected to have surpluses from projects valued at NIS 347 million and rental income of approximately NIS 50 million – these amounts contribute to reducing the debt on the balance sheet. The remaining gross profit to be recognized is approximately NIS 1.4 billion And the total gross profit in the projects under execution and planning amounts to a total of approximately 1.7 billion shekels. The company made an early repayment of bond series 7 and 8 and is considering similar moves in connection with the other series. The company converted units intended for rent to sales in the free market in the amount of 256 units.