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Olympic Entertainment Group, Estonian casino and hotel chain operator, has seen its share price plummet by –15% on Friday, a rather harsh reaction from the investors, despite the announced –31% y/y decrease in Q3 profits. While the underlying reasons are certainly worrisome, we expect at least a short term technical price correction during the forthcoming week. Additionally, despite the actual price direction, an arbitrage opportunity currently exists between the Tallinn and Warsaw stock exchanges, were stock closed at EUR 4.20, and EUR 4.58 respectively, a difference of 9%.
City Service, Lithuanian leading facilities management company, is expected to turn in a Q3 profit of LTL 3.4M on revenues of up to ca LTL 60M. The milestone is crucial if the company is to reach its expected yearly target, and, if delivered, should cause the investors to embrace the stock, boosting its share price from the all-time-lows.
City Service, Lithuanian leading facilities management company, is expected to turn in a Q3 profit of LTL 3.4M on revenues of up to ca LTL 60M. The milestone is crucial if the company is to reach its expected yearly target, and, if delivered, should cause the investors to embrace the stock, boosting its share price from the all-time-lows.