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Rokiskio Suris, Lithuanian dairy supplier, has placed an official bid to buy back up to 6% of its shares (ca 17% of float), paying LTL 65 per share. Given the current market price of LTL 69, stock price is expected to adjust downwards and possibly touch the price floor in the mid term.
Olympic Entertainment Group, Estonia based operator of casinos, hotels, and bars, has announced opening of two re-branded and refurbished slot machine casinos in Tallinn, previously part of casino chain acquired by Olympic. Although not particularly strong piece of news in itself, we expect it to be enough of a trigger for news scarce markets, as lack of direction is expected to be eased by encouraging news from across the Atlantic.
Arco Vara, Estonia based real estate developer, has announced its H1 results last week. At EUR 31.2M, a +110% increase in revenue and +470% y/y improvement in net profit (at EUR 14.5M), we see the result as besting investor expectations, and, given investor scaring tendencies in US real estate markets, providing much needed boost in confidence for the company. We expect short term pricing to reflect the good news.
Apranga, Lithuania based apparel retailer, is to announce its August revenue today. We expect a figure of LTL 48M, or improvement of +62% y/y to be a good guide for investor expectations. In case of significant variations from the target figure, respective short term price adjustment is unavoidable.
LEST WEEK: SUMMER ENDS ON THE NEUTRAL NOTE... PLACING HIGH HOPES ON THE HUNTING SEASON
Liepajas Metalurgs, Latvian cast steel manufacturer, has seen an expected drop (-7.1%) in its share price last week, after spectacular performance the week before, attributable to excellent performance during H1. The price peak and liquidity increase in the position have been of temporary nature, and are likely to further diminish as speculators realize their short-term gains.
Silvano Fashion Group (previously known as PTA Grupp), Estonian apparel manufacturer and retailer, has announced to have increased net sales to EUR 49.8M (a 12.8-fold increase y/y), and net profit to EUR 7.2M (35-fold improvement y/y). Although these are of little value compared to the year before, prior to the merger, q/q figures, at admirable +12% and +136% respectively, offer more insight into the reasons for share price push upwards by +14.6%.
Olympic Entertainment Group, Estonia based operator of casinos, hotels, and bars, has announced opening of two re-branded and refurbished slot machine casinos in Tallinn, previously part of casino chain acquired by Olympic. Although not particularly strong piece of news in itself, we expect it to be enough of a trigger for news scarce markets, as lack of direction is expected to be eased by encouraging news from across the Atlantic.
Arco Vara, Estonia based real estate developer, has announced its H1 results last week. At EUR 31.2M, a +110% increase in revenue and +470% y/y improvement in net profit (at EUR 14.5M), we see the result as besting investor expectations, and, given investor scaring tendencies in US real estate markets, providing much needed boost in confidence for the company. We expect short term pricing to reflect the good news.
Apranga, Lithuania based apparel retailer, is to announce its August revenue today. We expect a figure of LTL 48M, or improvement of +62% y/y to be a good guide for investor expectations. In case of significant variations from the target figure, respective short term price adjustment is unavoidable.
LEST WEEK: SUMMER ENDS ON THE NEUTRAL NOTE... PLACING HIGH HOPES ON THE HUNTING SEASON
Liepajas Metalurgs, Latvian cast steel manufacturer, has seen an expected drop (-7.1%) in its share price last week, after spectacular performance the week before, attributable to excellent performance during H1. The price peak and liquidity increase in the position have been of temporary nature, and are likely to further diminish as speculators realize their short-term gains.
Silvano Fashion Group (previously known as PTA Grupp), Estonian apparel manufacturer and retailer, has announced to have increased net sales to EUR 49.8M (a 12.8-fold increase y/y), and net profit to EUR 7.2M (35-fold improvement y/y). Although these are of little value compared to the year before, prior to the merger, q/q figures, at admirable +12% and +136% respectively, offer more insight into the reasons for share price push upwards by +14.6%.
