Cobas Asset Management Builds Stake in Origin Enterprises

Strategic Insights -

Cobas Asset Management, an investment firm known for its activism, has acquired a significant stake in Origin Enterprises, the Irish agricultural services company. Cobas, founded by Francisco Garcia Parames, has built a 3.04% shareholding in Origin, valuing at €11.5 million based on the company's Friday closing price of €3.53. This move follows a trend of major shareholders increasing their stakes in the company, including Artemis Investment Management, which holds a 15.06% stake, and Hold Alapkezelo Zrt, a Hungarian wealth manager with a 6.44% stake.

Key Takeaways:

  • Cobas Asset Management has acquired a 3.04% stake in Origin Enterprises, valuing at €11.5 million.
  • The firm joins major shareholders Artemis Investment Management and Hold Alapkezelo Zrt in increasing their stakes in the company.
  • Artemis Investment Management holds a 15.06% stake in Origin, worth €56.6 million at the current share price.
  • Hold Alapkezelo Zrt, a Hungarian wealth manager, holds a 6.44% stake in the company.
  • Norwegian insurance firm Protector Forsikring holds just over 6% of Origin's shares.
  • Origin's share price has risen from a low of €2.60 in February to €3.50.
  • Origin's revenue dropped to €831.7 million in the first six months of the year, compared to €854.9 million in the same period in 2024.
  • The company's pre-tax profits rose from €5.3 million to €7 million in the same period.
  • In 2024, Origin had full-year revenues of €2 billion, down from €2.4 billion in 2023.
  • Origin's full-year pre-tax profits fell from €81.8 million to €71.3 million in 2024.

Statistics:

  • Cobas Asset Management's 3.04% stake in Origin Enterprises is valued at €11.5 million.
  • Artemis Investment Management's 15.06% stake in Origin is worth €56.6 million at the current share price.
  • Hold Alapkezelo Zrt holds a 6.44% stake in Origin Enterprises.
  • Origin's share price has risen from a low of €2.60 in February to €3.50.
  • Origin's revenue dropped to €831.7 million in the first six months of the year, a decrease of €23.2 million (2.76%) compared to €854.9 million in the same period in 2024.
  • Origin's pre-tax profits rose from €5.3 million to €7 million in the same period, an increase of €1.7 million (31.96%).
  • Origin's full-year revenues in 2024 were €2 billion, a decrease of €400 million (16.67%) compared to €2.4 billion in 2023.
  • Origin's full-year pre-tax profits in 2024 were €71.3 million, a decrease of €10.5 million (12.93%) compared to €81.8 million in 2023.

Sources:

  • [1] "Cobas Asset Management builds stake in Origin Enterprises" (The Irish Times)
  • [2] "Origin Enterprises: Share price rises as company reports higher profits" (The Irish Independent)
  • [3] "Origin Enterprises: Revenue falls to €831.7 million in first half" (Revenue Ireland)