2024-02-14 05:31:01 ET
Summary
- Branicks Group AG had a rough 2023 and started off 2024 even worse as the stock has tanked more than 80 percent within twelve months.
- The company is facing near-term liquidity issues and may struggle to fulfill its obligations, including a bridge loan and promissory notes.
- The commercial real estate market in Germany is facing headwinds, with falling prices and cautious buyers, making it difficult for Branicks to sell properties at attractive prices.
- The company might be forced to conduct a firesafe and/or an equity raise in order to avoid bankruptcy.
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Branicks Group AG: The Worst Is Yet To Come