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Indices: / OMXR 0.00% / OMXV 0.00% / OMXT 0.00% / OMXS30 0.00% / OMXH25 0.00% / MICEX 0.00% Stocks: VTBR 0.00% / OMXV 0.00% / OMXR 0.00% / EEH1T 0.00% / GAZP 0.00% / VTBR 0.00% / OMXV 0.00% / OMXR 0.00% / EEH1T 0.00% / GAZP 0.00% Porfolios: StraterS 0.00% / koncik 0.00% / Laime 0.00% / Life 0.00% / RIX 0.00%
Latvian Stock Market Overview 05/03/2007 – 09/03/2007
This week was rather passive comparing to the previous one. Taking into account instability in the world stock markets, seems that in Latvia everyone prefers to wait for the better times. The number of the deals in the Baltic Main List this week is 361 (comparing to 824 previous week) and in the Baltic I-List is 176 (comparing to 1,238 previous week). The total turnover this week has decreased by 41% from 3,099,868.90 previous week to 1,825,817.3 this week. In the whole, this week was slightly successful than the preceding, when 10 out of 11 firms experienced reduction in share prices. This week one company from the Baltic Main List – Olainfarm (OLF1R) - and two from the Baltic I-List – Ditton pievadķēžu rūpnīca (DPK1R) and Rīgas kuģu būvētava (RKB1R) - experienced an increase in share values, while the prices of shares of others companies decreased.
Ditton pievadķēžu rūpnīca (DPK1R) is one of the two gainers in the Baltic I-list this week. The share price went up from 0.41 EUR per share to 0.42 EUR (2.4% increase). Such positive change can be explained by the issuing 12 month financial report 2006 which showed good results. In 12 months of year 2006 net-turnover in fact was fulfilled in the amount of 13,066,000 EUR against the forecasted 11,383,000 EUR. Profit before taxes for the period amounted to 370,807 EUR, which is by 5,5% more than in 2005 and complies with the forecast. It is difficult to conclude what changes can we expect in the share value, as there are no other announcements about DPK1R, and instability in the world market prevails.
Latvijas kuģniecība (LSC1R) belongs to the Baltic Main List losers of this week, as the share prices decreased from 1.66 EUR to 1.62 EUR. Although the change is negative, announcements made by the company are positive. Firstly, on 6 March 2007, already fourth newly built tanker named Targale has been delivered to Latvijas kuģniecība (LSC1R). Targale, represent middle range double hull ice-classed product tanker built to comply with all EU marine safety requirements and international conventions. Secondly, Latvijas kuģniecība (LSC1R) informed that on 27 February 2007, the un-audited Financial Statements 2006 have been approved by LSC1R Management Board and submitted for consideration to JSC Latvijas kuģniecība Supervisory Council. The un-audited financial results for the year ended 31 December 2006 evidence the Company’s successful performance, with its Net Profit exceeding the respective un-audited result for 2005 by 25%. An increase has been observed also in the Group’s total Voyage Income. As pointed out by Mr. Vikmanis, Chairman of Latvijas kuģniecība Management Board, the Company’s positive financial results for 2006 testify to its ability to compete in the world shipping market, as envisaged by LSC1R strategic goals and objectives. Predictions at such unstable time might not be true, but we expect the share price of the LSC1R to increase slightly in the short run.
By Natalja Avramenko
Aleksandrs Graholskis
Juris Rumba
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