Goda nyheter! Börsveckan rekar Neonet!
"Givet att 2009 är ett bottenår och omsättningen
ökar med omkring 20 procent
2010 med stöd av ökad omsättningshastighet
samt högre volymer på börserna
kan bolaget omsätta omkring 600 miljoner
med en nettomarginal på knappt 10
procent. Det ger ett p/e-tal på omkring
17 och en rörelsevärdering på drygt 7
gånger rörelseresultatet före avskrivningar.
Det är ganska högt men det stora lyftet
kommer först efter 2010 och då finns
det en kraftig hävstång i bolagets lönsamhet.
Det kan bli såväl en ordentlig skjuts
på översta raden såväl som längre ned i
resultaträkningen och det är den hävstången
som gör aktien intressant. Det
kräver lite uthållighet men vi ser ändå en
bra riskjusterad potential i aktien."
US Debt Clock
KIDS!
Ett Stockpickerutgåva i min smak...
- ABB: Området kring 130 betecknas som mycket starkt stöd trots att aktien befinner sig under både 21 och 55 dagars glidande medelvärde. ABB är min favorit i sektorn och är det en aktie som inte är fullvärderad i den svenska verkstaden så är det denna. Att alla skyr den som pesten just nu ser jag, liksom Stockpicker, som ett utmärkt köptillfälle.
- Bringwell: Stockpicker ser goda förutsättningar för aktien att kunna söka sig upp mot 2,65, 2,75 och rentav 2,95 sett till den tekniska trenden i aktien. Stöd 2,25-2,30.
- Entraction: Riktkurs höjs till 75 kronor men reken sänks från öka till köp.
- Stockpicker byter ut Meda mot Astra Zeneca i sin referensportfölj.
- Neonet köps också in av Stockpicker till referensportföljen!
EOS!
Ska BioInvent ge lite utdelning trots allt :)
Märkligt men samtidigt spännande
Har för övrigt nyss gjort 3000 i ABB genom att gå in på 131 efter att ha trotsat de stora spelarna Enskilda och Carnegie och sett dem få täcka sig lite när vi började vandra uppåt....
//BB Trader
Mer ryska nyheter...Jag vidhåller: Rabatten i EOS ska ner
Nov. 16 (Bloomberg) -- Russia raised its 2010 target for revenue from state asset sales to 100 billion rubles ($3.5 billion) as it seeks to overhaul decrepit infrastructure and finance the budget deficit, said First Deputy Prime Minister Igor Shuvalov.
The list of so-called strategic state-owned assets will be shortened in the process, Shuvalov said on television yesterday. Economy Minister Elvira Nabiullina said on Oct. 6 the goal was 70 billion rubles, which had been 10 times the original aim.
President Dmitry Medvedev last week called for inefficient state companies inherited from Soviet times to be sold and innovative industries promoted to cut reliance on oil and gas revenue. Prime Minister Vladimir Putin also needs money to help plug next year’s budget deficit, which his government estimates at 6.8 percent of output. Last year’s 54 percent slump in oil prices pushed the economy into a 10.9 percent contraction in the second quarter, which eased to 8.9 percent in the third.
The state will keep a so-called golden share in companies it considers important, Shuvalov said yesterday.
The government plans to sell stakes in ports and airports, including Russia’s largest port OAO Novorossiysk Commercial Sea Port and Moscow’s Sheremetyevo International Airport, and has earmarked about 450 enterprises for divestment. It may also sell shares in companies already publicly traded, including OAO Rosneft, its biggest oil producer, Shuvalov said on Sept. 22.
‘Complacency’
“The crisis showed once again very explicitly that Russia’s dependence on raw materials export is very dangerous for the stability of the Russian economy,” Andrei Kostin, chief executive officer of VTB Group, Russia’s second-biggest bank, said in an interview today in Singapore, where he was with Medvedev at the Asia-Pacific Economic Cooperation forum.
Embracing technologically advanced fields and making the economy more innovative is “now the key strategic idea in Russia,” Kostin said.
“High oil prices and stabilization of major commodity prices helped Russia, but we learnt our lesson and we are not going to rely on commodity prices in the future,” he said.
“The shock of the oil price collapse destroyed” Russia’s “complacency,” and “the government has a renewed desire to advance a more radical reform program,” Troika Dialog, the country’s oldest investment bank, said in a note last month.
While the government needs to finance the budget shortfall, Russia also is seeking to attract private investors to help modernize dysfunctional infrastructure.
Investor Appeal
This adds to the appeal for investors because it increases growth potential, said Marcus Svedberg, chief economist of East Capital Asset Management, a Stockholm-based fund manager investing in eastern Europe with about 3 billion euros ($4.5 billion) under management. East Capital will target shares in assets linked to domestic demand, rather than stocks that track energy prices.
The fund lowered its holdings of oil and gas stocks to 37.7 percent of the total at the end of June, compared with 48 percent at the end of last year. It also increased holdings in banks, and bought shares in metals and mining .
Russia needs to spend $875 billion on developing its transportation network, Renaissance Capital said last year. Private investors may finance 80 percent of the $1 trillion the government predicts will be spent on an infrastructure overhaul until 2020, according to Standard & Poor’s.
History
This isn’t the first time Russia is selling assets. In the 1990s some of the country’s biggest companies were auctioned to hand-picked businessmen, later to become oligarchs, at knockdown prices after a so-called loans-for-shares plan to prop up late President Boris Yeltsin’s government.
Putin, who was president between 2000 and 2008, oversaw the expansion of state domination in the oil industry and created holding companies in the aerospace, shipbuilding and nanotechnology sectors.
Russia’s last major asset sale was in 2007, when VTB Group raised $8 billion in the biggest initial offering of the year. Rosneft’s IPO a year earlier raised $10.6 billion.
Russia isn’t the only former communist country resorting to divestments to bolster finances. Poland plans a record $10 billion of asset sales through next year, offering stakes in power, oil, copper, phone and insurance companies to help plug a deficit the European Commission estimates will reach 7.3 percent of GDP in 2010. Belarus has targeted 2011 for selling a number of state-run companies.
‘Reform Agenda’
“There is a genuine reform agenda, but it has been advanced because of economic necessity,” said Tom Mundy, a strategist at Renaissance Capital in Moscow. “We should welcome it; it brings transparency, it brings liquidity, it brings foreign investors back. But I think it’s something that is a result of the financial crisis.”
To contact the reporter on this story: Lucian Kim in Moscow at lkim3@bloomberg.net
Last Updated: November 16, 2009 05:20 ESThttp://www.bloomberg.com/apps/news?pid=20601085&sid=aqKCgOBpBtWA
Utsikterna för EOS Russia är goda - Ryssland har inte råd att skrämma bort investerare
November 13, 2009
By Vladimir Isachenkov Moscow
Russia needed to shed its dependence on exports of raw materials and build a new hi-tech economy to survive, President Dmitry Medvedev said yesterday.
In a challenge to his predecessor and mentor, Vladimir Putin, Medvedev also called for reducing state involvement in the economy and promised to offer support to civil society.
The country had continued to rely on an aging Soviet industrial base and to draw most of its revenues from exports of energy resources, he said.
"The nation's prestige and welfare can't depend forever on the achievements of the past," he said.
Medvedev said Russia's oil, gas and other production facilities as well as its nuclear arsenals were built during Soviet times. "All that has kept the country afloat, but it is rapidly aging," he added.
Medvedev said that years of burgeoning energy prices had stymied efforts to modernise the economy and created an illusion that structural reforms could wait.
He added: "We can't wait any longer. We need to launch modernisation and renovation of the entire industrial base. Our nation's survival in the modern world will depend on that."
The economic downturn hit Russia more severely than other countries, he said, but refused to shift the blame onto the US as Putin, now Russia's powerful prime minister, did.
"We shouldn't be looking for the guilty party abroad. We haven't done enough."
Medvedev stressed that the government should be helping out only those companies that were ready to provide plans for increasing their efficiency.
He said: "Inefficient enterprises must go through the bankruptcy proceedings or leave the market. We won't be protecting them forever."
Unlike Putin, who methodically increased the state role in the economy during his eight-year presidency, Medvedev said that Russia needed to reduce the share of the state, which now controls up to 40 percent of the economy.
He lashed out at a key part of Putin's legacy - giant state corporations that have been granted broad privileges and widely criticised for inefficiency. "I believe this form has no future in the long term."
He said that some of the state corporations should be given deadlines to complete their tasks and cease operations, while others should be turned into stock companies and eventually be sold into private hands.
He also urged an independent audit of state firms, saying pay for senior management should be pegged to their companies' efficiency. - Sapa-AP
http://www.busrep.co.za/index.php?fArticleId=5243179&fSectionId=613&fSetId=662
Say no more... EOS största innehav upp över 10% i Ryssland idag!
Bitter för att jag sålt för tidigt eller helt rätt?
Allt är inte guld som glimmar säger BBT och tar det mer försiktigt med långa positionerna...
//BB Trader
Varför jag köper Neonet
Oktoberstatistiken för tradingen på OMX Nordic visar på ökande aktivitet. Omsättningen är dock långt ifrån oktobers siffror förra året men det är kanske inte så konsigt med tanke på turbulensen under den perioden. Det man ska kolla på är istället trenden att omsättningen är upp med ca 10% från september.
I kvartalsrapporten för Neonet som kom i förra veckan kunde man ju också se att marginalen gick upp. Med ökade volymer så kommer också större intäkter. Neonet är definitivt något att ha i portföljen inför 2010.
//BB Trader
Ökad mobilförsäljning
2009-11-02 09:46:17 - Nyhetsbyrån Direkt
TELEKOM: STRATEGY ANALYTICS SPÅR TILLVÄXT MOB TEL MARKNAD 4 KV
STOCKHOLM (Direkt) Analysföretaget Strategy Analytics spår en volymtillväxt på
3 procent på den globala mobiltelefonmarknaden i det fjärde kvartalet i år,
jämfört med samma period 2008, och räknar med att 300 miljoner mobiltelefoner
ska levereras under kvartalet.
Det skriver nyhetsbrevet Mobile Business Briefing med hänvisning till en analys
från Strategy Analytics.
Analysföretaget beräknar den totala leveransvolymen under det tredje kvartalet
i år till drygt 290 miljoner telefoner. Nokia hade en marknadsandel på 37,3
procent, Samsung tog 20,2 procent av marknaden och LG nådde en andel på 10,9
procent av telefonmarknaden i kvartalet, enligt Strategy Analytics. Sony
Ericsson höll fjärdeplatsen på marknaden med en andel på 4,9 procent enligt
analysföretagets bedömning.
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Med tanke på att datatrafiken till/från mobiltelefoner ökar enormt så ökar också investeringsbehoven för telekombolagen. Frågan är hur mycket mer man kan få ut av konsumenterna eller om detta kommer innbeära minskade marginaler. Infrastrukturbolag som Ericsson borde ju dock gynnas starkt av detta.
Själv köpte jag en iPhone i fredags...
/BB Trader
EOS NAV 51 SEK
MSAB inlägg från BS
Jag tror själv att bolaget kommer att få svårt att överraska negativt med tanke på hur mycket de strulat hittills under året. Granskningslamporna lyser starkt på styrelse och ledning vilket kommer att leda till ett mer skärpt arbete framgent. Produktionsproblemen lär inte vara alltför svåra att lösa heller.
/BB Trader
