
Analyses on MY Town (4)
- April 1, 2026April 1, 2026
- Follow-up
My Town: How Much of Future Project Surplus Is Already Claimed by Incentive Structures and Related Parties
My Town's future surplus is not set to land in a clean shareholder pool: by the end of 2025 the company already carried NIS 20.1 million of related-party liabilities and another NIS 21.5 million of shareholder loans, a stack that is almost exactly the size of equity attributable…

- Follow-up
My Town: How Much of the Bond Is Really Covered, and When the Collateral Can Turn Into Cash
My Town's Series A bond is covered on paper by NIS 92.2 million of pledged project surplus against NIS 63.2 million of net liability value, but that cover sits almost entirely in future project releases rather than in financial collateral. The key 2026-2027 question is therefore…

- Follow-up
My Town: What Kiryat Malachi Is Actually Worth to the Company After the Partner, Financing, and Distribution Waterfall
Kiryat Malachi is a large potential value engine, but the number that actually matters for shareholders is NIS 71.4 million of projected company share of withdrawable surplus, not the project's NIS 126.2 million projected gross profit. Even that number still rests on financing t…

My Town 2025: The Pipeline Is Real, but the Cash Is Still Trapped on the Way
My Town has a real project pipeline, but the decisive question for 2026 is not how much project profit exists on paper but how much surplus and cash actually reach the company in time.






























































