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KEY STOCKS FOR THE WEEK 18/06—22/06
Invalda, Lithuanian investment conglomerate, announced plans to acquire a stake in high growth IT business. We expect the news to attract investor attention to the stock and result in positive short term movement, even before any specifics are disclosed.
Arco Vara, Estonian real estate operator and developer, has successfully finished its IPO, with demand for the shares outnumbering supply by 110%. Being the third largest Estonian IPO, we estimate this to be a very good result, and expect the company’s shares to reflect this already in the opening price.
Lifosa, Lithuanian supplier of mineral fertilisers, has announced May revenue of LTL 47.8M, an -8.7% decrease year-on-year. We evaluate the figure to be somewhat below expectations, and expect the share price to adjust accordingly during the week.
Sanitas, Lithuanian based manufacturer of pharmaceuticals, is expected to announce its May result on Thursday. An EBITDA of LTL 43M is the minimum target figure for the result to be considered according to expectations, especially seen in the light of recent steep share price appreciation.
LAST WEEK IN THE BALTIC STOCK MARKETS: THIRD IPO IN THREE WEEKS... IN A SLEEPY MARKET
City Service, Lithuania’s leader in facility management services, has followed a downward trend last week, after markets started to settle following much attention attracting IPO, with speculative short-term profiteering driving the price down by –4%, as anticipated.
Ukio Bankas has announced to have earned a Q1 profit of LTL 28.4M, significantly higher than expected. The announcement was rewarded by investor interest, pushing the price up by +4.6% during the week.
Olympic Entertainment Group, Estonian operator of largest casino chain in the Baltics, has announced a change of Chief Financial Officer. The announcement was greeted by very positive investor reaction, with share price up +6.1% on weekly basis.
Tallinna Kaubamaja, Estonia’s operator of department stores, has extended it automotive dealership business to Latvia and Lithuania last week, with construction works on actual premises starting immediately. The news helped attract investor interest from respective countries, with share price appreciating +3.7% during the week.
Invalda, Lithuanian investment conglomerate, announced plans to acquire a stake in high growth IT business. We expect the news to attract investor attention to the stock and result in positive short term movement, even before any specifics are disclosed.
Arco Vara, Estonian real estate operator and developer, has successfully finished its IPO, with demand for the shares outnumbering supply by 110%. Being the third largest Estonian IPO, we estimate this to be a very good result, and expect the company’s shares to reflect this already in the opening price.
Lifosa, Lithuanian supplier of mineral fertilisers, has announced May revenue of LTL 47.8M, an -8.7% decrease year-on-year. We evaluate the figure to be somewhat below expectations, and expect the share price to adjust accordingly during the week.
Sanitas, Lithuanian based manufacturer of pharmaceuticals, is expected to announce its May result on Thursday. An EBITDA of LTL 43M is the minimum target figure for the result to be considered according to expectations, especially seen in the light of recent steep share price appreciation.
LAST WEEK IN THE BALTIC STOCK MARKETS: THIRD IPO IN THREE WEEKS... IN A SLEEPY MARKET
City Service, Lithuania’s leader in facility management services, has followed a downward trend last week, after markets started to settle following much attention attracting IPO, with speculative short-term profiteering driving the price down by –4%, as anticipated.
Ukio Bankas has announced to have earned a Q1 profit of LTL 28.4M, significantly higher than expected. The announcement was rewarded by investor interest, pushing the price up by +4.6% during the week.
Olympic Entertainment Group, Estonian operator of largest casino chain in the Baltics, has announced a change of Chief Financial Officer. The announcement was greeted by very positive investor reaction, with share price up +6.1% on weekly basis.
Tallinna Kaubamaja, Estonia’s operator of department stores, has extended it automotive dealership business to Latvia and Lithuania last week, with construction works on actual premises starting immediately. The news helped attract investor interest from respective countries, with share price appreciating +3.7% during the week.
