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KEY STOCKS FOR THE WEEK 11/06—15/06
City Service, Lithuania’s largest facility operator has started trading on Friday. Despite the share price opening at an optimistic LTL 14.1, up +8.8% compared to the offer price, significant downward pressure during the first day of trading suggests a likely downward correction during the upcoming week, following the scenario of Express Grupp IPO. Only then can we expect the fundamentals to start driving the price of the company’s share.
Ukio Bankas is announcing its 5-month result later today. A net profit figure of LTL 25M is seen as a target for matching investor expectations, while a more significant deviation from the figure should cause a corresponding price adjustment during the week.
LAST WEEK IN THE BALTIC STOCK MARKETS: A QUITE WEEK, SAVE FOR HUGE EESTI TELEKOM DEALS... AND AN IPO
City Service, Lithuania’s leader in facility management services, has been in the limelight on its first day of trading, as was expected due to huge oversubscription to the IPO. Share price reflected the hype, opening already +8.8% higher than the offer price, while single day turnover boosted the stock into 4th place among the most traded during the week.
Rokiskio Suris, Lithuanian supplier of dairy goods, has announced its May revenue to hit LTL 62.7M, a +50.1% increase over the year. While better than expected performance increased share turnover, it seems that the news have been seized by some investors as a good exit opportunity, with the price having dropped to LTL 60, -1.6% during the week. It should be noted that the stock already has the least competitive multiples among Lithuanian dairy producers.
City Service, Lithuania’s largest facility operator has started trading on Friday. Despite the share price opening at an optimistic LTL 14.1, up +8.8% compared to the offer price, significant downward pressure during the first day of trading suggests a likely downward correction during the upcoming week, following the scenario of Express Grupp IPO. Only then can we expect the fundamentals to start driving the price of the company’s share.
Ukio Bankas is announcing its 5-month result later today. A net profit figure of LTL 25M is seen as a target for matching investor expectations, while a more significant deviation from the figure should cause a corresponding price adjustment during the week.
LAST WEEK IN THE BALTIC STOCK MARKETS: A QUITE WEEK, SAVE FOR HUGE EESTI TELEKOM DEALS... AND AN IPO
City Service, Lithuania’s leader in facility management services, has been in the limelight on its first day of trading, as was expected due to huge oversubscription to the IPO. Share price reflected the hype, opening already +8.8% higher than the offer price, while single day turnover boosted the stock into 4th place among the most traded during the week.
Rokiskio Suris, Lithuanian supplier of dairy goods, has announced its May revenue to hit LTL 62.7M, a +50.1% increase over the year. While better than expected performance increased share turnover, it seems that the news have been seized by some investors as a good exit opportunity, with the price having dropped to LTL 60, -1.6% during the week. It should be noted that the stock already has the least competitive multiples among Lithuanian dairy producers.
