Børskommentar
the main index fell almost two per cent Wednesday.
the Article is added to your reading list.
Telenor, Gjensidige Insurance and XXL fell all the marked Wednesday after the companies put forward the quarterly figures.
the Oslo stock Exchange was otherwise also marked down on Wednesday, which also could be attributed to the weakening of the oil price.
Telenor presented an ebitda result that was better than expected, but was weighed down by concerns about the company’s values in India.
In the third quarter took Telenor new write-downs In India of 4.1 billion. The reduced net book value for the business to 0.3 billion.
Analyst Jon David Gjertsen in Pareto Securities believes this is clearly negative for Telenor’s ongoing review of the India business, adding that the write-down to indicate a limited interest from other players for the company’s assets in India.
Furthermore, the point Pareto-analyst that Telenor maintains guidingen for 2016, despite better than expected earnings in the third quarter.
“in our view, this is surprising, given the better-than-expected earnings in the third quarter,” writes Gjertsen.
Telenor ended down 5.6 per cent to 132,0 million, traded for 851 million.
Austria XXL
XXL was also sharply down on the stock exchange on Wednesday after the figures they presented showed that both sales and earnings were weaker than expected. They announced that they have signed their first two leases for stores in Austria.
DNB Markets, writes that the waiting that konsensusestimatene going to be down around five per cent as a result of the numbers, and believes that a negative kursreaksjon is entitled.
“at the same time, we believe that this should be a kjøpsmulighet, since the long-term story is unchanged and the expansion of Austria is confirmed,” writes the investment firm.
Pareto Securities pending on their side, that the consensus of analysts ‘ estimates for earnings per share in 2017 and 2018 will be down by four to five per cent, as a result of weaker margins in Finland and Sweden.
They are positive news for Austria, but believes that this was as expected, and thus neutral for the stock.
XXL stopped down to 6.3 percent to 104 million, sold for nok 113 million.
Steep Reciprocal-fall
Mutual Insurance shares fell 8.2 per cent to 145,4 million on Wednesday after having reported a weaker than expected earnings for the third quarter.
Citi believes Gjensidiges weaker than expected net profit was weighed down by surprisingly weak development for forsikringsresultatet and restructuring costs, which was partially offset by finansresultatet.
On the positive side shows the Citi-the analysts that the Mutual board has decided to pay out overskuddskapital at two billion as a dividend, corresponding to 4,00 euros per share.
“We remain cautious of the stock given the valuation and the depreciation of the fundamental conditions,” writes Citi, who have a neutral recommendation on the Mutual with a price target of 132 million.
the main index on the Oslo stock Exchange ended down 1,93 percent to 633,44 points, traded to 4.023 million.
Follow the markets with DN Investor
Listen DN-podcast about vekstoppskriften: This characterizes the founders as supervekst, so it goes with the gazelles, and this must be done to succeed. Gaselle-researcher Jarle Bastesen provides among other things, advice on how to avoid gasellefellene.
you cannot Get up the player? Try here or here.
We would love to hear from you! Feel free to Send us a mail!
See the interactive prisgrafikk for all of the counties and calculate the inflation on your property.
Recommended by the DNtv:
No comments:
Post a Comment