Fram Skandinavien AB (publ) publishes monthly NAV report June 2023 - NAV reaches 83 SEK per share

MAR

Significant events during the month

As of June 30th, the net asset value amounted to SEK 299 million (SEK 83 per share), which is approx. 171% above the closing price of the FRAM B share on the same day and represents an increase of +16% compared to last May.

In order to better reflect Carmudi’s current business model as a fully integrated marketplace for cars (sometimes acting as agent and sometimes as principal), Fram is changing its valuation methodology for Carmudi to EV/GMV (Gross Merchandise Value - i.e. total value of the cars transacted via the platform). The valuation is however still based on a listed peer group and a discount of 40% is still applied to the EV/GMV multiples of the peer group. 

In order to further expand its investment and company building activities in SEA, Fram is currently initiating discussions with potential institutional investors for a new investment vehicle that can deploy into the benign valuation environment. Carmudi, Dragonlend and EveHR are also engaging in individual investor discussions.

Datum 2023-07-10, kl 08:00
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