LHV Institutional Baltic Insight, May 26th, 2020
Please find attached today's edition of the Baltic Insight.* Post-Q1 update for EfTEN Real Estate Fund III
* Includes COVID-19 impact discussion, also contains a comprehensive set of tables and charts
* EfTEN’s fair value range has been established by assigning appropriate weights to the six metrics (peer multiples and dividend discount model). Based on the valuation outcomes from these measures, the calculated and revised fair value for EfTEN is EUR 14.60-15.30 per share (closing price as of 20th May 2020: EUR 16.40). Our previous fair value range was EUR 17.90-18.80 per share.
LHV Bank is an independent pan-Baltic bank, based on Estonian capital. The company was founded in 1999 by two founders of Hansapank (today’s Swedbank in the Baltics) and has been offering a full range of investment services for 15 years. In May 2009, LHV received a credit institution licence allowing it to provide all banking services.
The head office is situated in Tallinn, Estonia. Cross-border services are offered in Vilnius, Lithuania and in Riga, Latvia. LHV provides brokerage (institutional and retail), asset management, banking and capital markets services. Compared to other banks, we are more innovative and have more solid experience in investment and entrepreneurship.
The Bank, together with the Group asset management company employs over 320 people. LHV Group shares are listed on Nasdaq Tallinn.
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