Latest news with #Bestinver
IOL News
16-07-2025
- Business
- IOL News
Nedbank scores legal victory in R15 million loan dispute
The court found there were no reasonable prospects that Baba's appeal would succeed and ruled that he must repay the loan, along with interest and legal costs. Nedbank has won a court case won in an ongoing legal battle after the Western Cape High Court dismissed an attempt by Moussa Baba to appeal a judgment holding him liable as surety for a R15 million property loan. The court found there were no reasonable prospects that Baba's appeal would succeed and ruled that he must repay the loan, along with interest and legal costs. Baba had signed as surety and co-principal debtor when Bestinver Company South Africa bought property in Hyde Park backed by a R15 million loan from Nedbank. When Bestinver defaulted on repayments in 2020, the bank called in the loan. Because of the surety agreement, Baba was responsible for the full amount, plus interest and attorney-and-client costs. In trying to overturn that ruling, Baba argued that the loan had effectively been paid off when R14 million was deposited into Nedbank's attorneys' trust account. That money had been paid by Elite Vision, a company owned by the Baba family. After Bestinver bought the property, the company went into liquidation and another Baba family owned company, Elite Vision, agreed to buy the house.
Business Insider
15-07-2025
- Business
- Business Insider
Endesa SA (0N9G) was downgraded to a Hold Rating at Bestinver
Bestinver analyst downgraded Endesa SA to a Hold on July 11 and set a price target of €29.00. The company's shares closed last Friday at €26.24. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. In addition to Bestinver, Endesa SA also received a Hold from RBC Capital's Fernando Garcia in a report issued today. However, on July 3, Exane BNP Paribas downgraded Endesa SA (LSE: 0N9G) to a Sell. Based on Endesa SA's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of €5.81 billion and a net profit of €583 million. In comparison, last year the company earned a revenue of €5.45 billion and had a net profit of €292 million Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0N9G in relation to earlier this year.
Business Insider
12-07-2025
- Automotive
- Business Insider
Bestinver downgrades Gestamp Automocion (0ROM) to a Hold
Bestinver analyst downgraded Gestamp Automocion to a Hold yesterday and set a price target of €3.15. The company's shares closed yesterday at €3.20. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Gestamp Automocion has an analyst consensus of Hold, with a price target consensus of €2.87. 0ROM market cap is currently €1.82B and has a P/E ratio of 11.37.
