Tag: Viceroy Research

The financial domain is a theater where reputations can soar to towering heights or plunge into abysmal depths within a blink, especially in today's digital epoch, where information, authentic or doctored, races across the globe in an instant. A recent uproar involving an alleged leaked voicemail by short-seller Fraser Perring of Viceroy Research has catapulted into a tempest of dispute, PayNews42 reports.

The short-sellers around Viceroy Research and Fraser Perring have a new target: Hexagon AB, a multinational technology group for metrology and geoanalytics controlled by Melker Schörling, the majority shareholder and determining voting shareholder. In new research, Viceroy Research concludes that Hexagon is run by a "corporate dictatorship." Moreover, Viceroy believes management has committed fraud.

Viceroy Research's new short-seller battle against Japan's Abalance continues. As usual, Fraser Perring and his comrades are using Twitter (#Abalance) as the battleground to create pressure to send Abalance's stock south. That's their business model. So far, the success has been manageable. Although the stock plunged nearly 30% after the release of the first report on May 17, 2023, it recovered somewhat and is down just under 25%.

SBB's annual report was not coherent. He accused SBB and its CEO, Ilija Batljan, of misleading and defrauding investors (reports here). On Monday, S&P Global Ratings downgraded Stockholm-based SBB, one of Europe's most indebted real-estate developers, to junk status. On Twitter, Perring said that the downgrade brings Barljan to the verge of bankruptcy:

Since 2021, listed German real estate firm Adler Group has been under fire from short-sellers at Viceroy Research and Fraser Perring. In their analyses, Adler Group is described as a fraudulent scheme that the Austrian Cevdet Canar would control. In July 2022, Caner became the head of Aggregate Holdings SA, one of the largest shareholders of Adler Group. Caner already has a wild entrepreneurial past with several bankruptcies and criminal proceedings. Here is his portrait.

The short-sellers around Viceroy Research and Fraser Perring were right with their analyses. The struggling German real estate group Adler Group announced a 2022 loss of almost €1.7B due to a devaluation of the real estate portfolio and value adjustment on receivables. In 2021, the company reported a net loss of almost €1.2B. The Adler Group has been under fire from Viceroy Research for several months. Perring considers the Turkish-born Austrian Cevdet Caner to be the beneficial owner.

The Swede Ilija Batljan founded the real estate company Samhällsbyggnadsbolaget (SBB) in 2016. It claims to be one of Sweden's biggest real estate companies, listed on Nasdaq First North. Batljan is the company's CEO and came under pressure after another report by Wirecard hunter Fraser Perring and his Viceroy Research uncovered irregularities in the company's cash. In part, SBB had to admit to the allegations. A battle between Perring and Batlja is currently taking place on Twitter.