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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%
Stockholm Stock Market Overview (OMX) 12/02/2007 – 17/02/2007
The activities of week 7 were lower than during the previous week, namely increase of OMX Stockholm Index 30 (OMXS30) and OMX Stockholm Benchmark (OMXSB) lowered, but remained positive, +1.16% and +1.01% respectively. In this overview we would like to distinguish companies from telecommunication sector like TeliaSonera (TLSN) and Tele2 B (TEL2 B) since they showed impressing results last week. As the last SEB A (SEB A) will be covered in our overview.
TeliaSonera (TLSN) had 6.7% increase in its share price, which is the biggest on OMX Stockholm Stock Market during week 7. On February 13 the biggest Nordic phone company announced that Quarter 4 profits rose 47% on growth in former Soviet states such as Kazakhstan and forecasted higher spending to expand broadband and mobile services. In the Q4 report TeliaSonera proposes a total full year dividend increase of 80% to €0.68 per share and said CAPEX-to-sales ratio as well as group’s net sales is expected to grow due to increased investments in broadband and mobile capacity. However, the company expects weaker sales in 2007 comparing with the previous year especially in Sweden and Denmark, which probably won’t be appreciated by investors. So, the Q4 report might positively affect the share price, but at the same time the expectations of the company might decrease it as well.
At the end of week 7 Moscow department of Tele2 B (TEL2 B) reported to the central office, that operating revenue of Swedish Telecommunication Company almost tripled to 0 mil in 2006. Meanwhile, Tele2 B is the fourth largest wireless operator in Russia, providing services in 17 regions. The department also reported, that monthly average revenue per user (ARPU) rose by 28% in Russia in Quarter 4 2006. Considering this information and the new data about the doubled clients’ base the increase in the share price of Tele2 B might be even more notable than only 3,2% during week 7 with a closing price €12.19 per share.
Nevertheless SEB A (SEB A) had -0.41% change in its share price and a closing price of €25.62 the situation for this company looks very promising. Till the middle of the week the share price continued plummeting due to the last week’s events and reached the minimum of €24.87, but then the effect of the report of 97% rise in company’s profits took place, which allowed the share price to jump by +3.04% till the end of week 7. Almost at the same time the latest news arrived about the Optial Operational Risk platform upgrade that will give advantage of new statistics and charting possibilities. Taking into account the factors listed above, the rise in SEB A share price could slow down, but still remain positive.
By Dmitro Golubnichy
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