Report
Derek Laliberté ...
  • Patrik Brattelius

VEF - Trading at record high discount to NAV levels

Q1 NAVPS (SEK) flat q-o-q, driven by two new additions VEF trades at a 45% discount to NAVPS… …and 23% below the low end of our fair value range
Underlying
Vostok Emerging Finance Ltd

Vostok Emerging Finance is an investment company that invests in early stage fintech companies across emerging and frontier market. Co. principally invests in financial services sector. The financial services sector includes credit, payments, mobile money and all forms of financial marketplaces. Co. focuses on investing in private companies and taking equity stakes, acquiring sizeable minority stakes and board representatioin where approriate in its portfolio companies. Co. also makes investments in other parts of the capital structure, such as debt, to support targeted companies' growth and also ensure that investment funds are working while seeking future equity investment opportunities.

Provider
ABG Sundal Collier Sponsored
ABG Sundal Collier Sponsored

ABG Sundal Collier is the independent, Nordic investment banking powerhouse, developed over 30 years, founded on a hard working partnership culture and the ability to attract top talent.

Our strategy is to be an advisor and an intermediary, and the core product offering comprise corporate advisory services, corporate financing services and investor research and brokerage services.

Our corporate advisory team offers access to a broad financial and industrial network and unparalleled transaction experience. We provide financing to corporates through our superior Nordic and international distribution platform, and we are optimally structured for naturally matching trading flows, delivering best execution for clients.

The group employ approx. 250 staff working from the Nordic offices in Norway, Sweden and Denmark and in the offices in the key international markets US, UK and Germany. 


Analysts
Derek Laliberté

Patrik Brattelius

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