WOOD Flash – Lukoil: 4Q17E results preview – expecting strong numbers (due on 21 March)
Lukoil is scheduled to report its 4Q17 results on 21 March, followed by a Strategy Day in London on 23 March. We expect the results to be strong, due a combination of a stronger macro and structural shifts in the upstream portfolio. We believe that Lukoil can increase its shareholder distributions, or outline its growth options, and we are expecting the company to provide more colour on both points during its Strategy Day. We remain BUYers of Lukoil, maintaining our USD 70/GDR price target (PT).
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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