Byggmax has reversed the negative trend and was able to deliver a report for the second quarter which was really good. Sector colleagues Clas Ohlson and Swedol valued at P / E of 21 and 20 for 2015 and Byggmax, at a share price of SEK 78, valued at P / E of 18.3 for the same year.
“That (Byggmax) given History traded with a smaller discount is certainly plausible, but it is believed that Byggmax today is a better company with a stable platform, it seems a bit too stingy, not least given that Byggmax is actually growing significantly better than both comparison companies above, “writes Börsveckan and repeat köprekommendationen.
Niche Bank Nordax have not received a brilliant start to the stock market and a hesitant half-yearly report did not direct. Börsveckan see is potential.
“Successfully Nordax reach SEK 2.80 in earnings per share this year so valued the share at 15.2 times earnings at the current rate of SEK 42:50. We believe it is possible and see multiple as well low for a highly efficient company that is growing 20 percent. But the trend for new lending is worth keeping an eye on, “writes Börsveckan and retains köprekommendationen.
Vehicles subcontractor VA Automotive, listed on First North since last December, has been a little shaky so far, but management believes in a strong second half and it needed if you look at the balance sheet risk of a new issue whether the outcome is strengthened considerably in the second half. The market thinks otherwise and the stock has lost more than a third of its value since December 1.
“We see a risk that management will have to revise its full-year forecast eventually and share attracts not given the high indebtedness, short history as a listed company and the automotive industry cyclicality. The downside is greater than the upside in the current situation, “writes Börsveckan and advises to wait.
Betsson shares have had a substantial price lift in the summer but Börsveckan think there is more to gain if management continues to find good acquisition candidates. Betsson has invested heavily in a technology platform that can seamlessly integrate new gaming sites and the acquisition of the Dutch Oranje Kroon and Georgian Europe-Bet is particularly encouraging. Meanwhile, private equity firms wary of buying in this sector making the prices of purchase items, do not rush away.
“Successfully implementing Betsson 1-2 similar acquisitions every year you can profit growth next five years we could well reach 10-15 percent annually – despite a re-regulation in the Nordic region, “writes Börsveckan and repeat purchase at the current exchange rate.
MTG had a second quarter that was better than expected and the company has made large investments that increase revenue.
“But even if the yield is good and semi-annual report pointed in the right direction does not belong MTG our favorite shares. The company is fighting an uphill battle and the share is not excessively cheap,” writes Börsveckan awaiting the share.
SHB raised to purchase advice. Three of the four major banks, including SHB has gone below the index so far this year.
“It’s a difficult economic position to navigate and the challenges are great. But can anyone, Handelsbanken,” writes Börsveckan.
At the same time lowered the recommendation for SEB from buy to hold off. SEB’s second quarter was relatively good, with disappointing net interest income as the only big minus sign. Bank showpieces commission income was really good, but Börsveckan ask themselves if not more stable income is preferable for the fall.
“Our assessment is that stability will be rewarded and then appears SHB as a better choice, premium valuation despite “writes Börsveckan.
Probi reaping success in North America and ulcers new seeds in more markets that can become new growth areas. The company’s strategy is sound and the results are convincing, according Börsveckan. Certainly there is a risk of negative surprise in the third quarter now that expectations rise, but in the longer term, it looks as if the forecasts are cautious.
“We are taking a gamble and raises Council to purchase with the support of the strong history and growth potential, despite high valuations, “writes Börsveckan.
The window manufacturer Inwido valued at low p / e ratio on a fairly conservative earnings forecasts and it can not be said of so many companies. Ratos sold two thirds of its holdings in Inwido recently and currently owns just over 10 percent. Likely Ratos will sell the shares also eventually and that in itself may be an explanation for the relatively cautious assessment.
“For those who are long-term actually looks Inwido out to be a good buy at current levels around 87 crowns, “writes Börsveckan.
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