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Castellum AB: 1 director

A director at Castellum AB bought 7,259 shares at 110.079SEK and the significance rating of the trade was 72/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly ...

ABGSC Telecom Operators Research ... (+4)
  • ABGSC Telecom Operators Research
  • Derek Laliberté
  • Øystein Elton Lodgaard
  • Simon Granath
ABGSC Construct. & Real Estate Research ... (+3)
  • ABGSC Construct. & Real Estate Research
  • Fredrik Stensved
  • Oscar Lindquist
ABGSC Pulp & Paper Research ... (+3)
  • ABGSC Pulp & Paper Research
  • Henrik Bartnes
  • Martin Melbye
Russell Waller
  • Russell Waller

Telia (Buy, TP: SEK 40, +15%) Q3 25: All-in FCF guidance lifted

Telia has reported a good set of Q3 results, with numbers in-line, and has lifted FY25 FCF guidance to SEKc8bn from SEKc7.5bn, driven by lower capex.

ABGSC Pulp & Paper Research ... (+3)
  • ABGSC Pulp & Paper Research
  • Henrik Bartnes
  • Martin Melbye
Jan Frederik Slijkerman ... (+5)
  • Jan Frederik Slijkerman
  • Jeroen van den Broek
  • Jesse Norcross
  • Nadège Tillier
  • Timothy Rahill
ABGSC Construct. & Real Estate Research ... (+3)
  • ABGSC Construct. & Real Estate Research
  • Fredrik Stensved
  • Oscar Lindquist
ABGSC Telecom Operators Research ... (+4)
  • ABGSC Telecom Operators Research
  • Derek Laliberté
  • Øystein Elton Lodgaard
  • Simon Granath

Kinnevik AB: 1 director

A director at Kinnevik AB bought 25,000 shares at 84.440SEK and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly s...

ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Henrik Bartnes
  • Petter Nystrøm
ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Henrik Bartnes
  • Petter Nystrøm

Q3 solid, but in-line

Clean EBITDAR / EBIT in -line er 1-2% below. Reported EBIT +8%. Solid outlook. Clean est unchanged, stock neutral

ABGSC Food & Beverage Research ... (+2)
  • ABGSC Food & Beverage Research
  • Mikkel Kousgaard Rasmussen
ABGSC Telecom Operators Research ... (+4)
  • ABGSC Telecom Operators Research
  • Derek Laliberté
  • Øystein Elton Lodgaard
  • Simon Granath
Emira Sagaama ... (+2)
  • Emira Sagaama
  • Robert Jan Vos

Carlsberg : A beer with a twist - Coverage initiated at Outperform and...

We initiate coverage on Carlsberg with an Outperform recommendation and a DKK 985 TP, valuing the brewer at 12-month EV/EBITDA of 10.7x, EV/EBIT of 14.7x, and P/E of 15.8x. All three European listed brewers in our coverage universe have an attractive valuation. However, we prefer Carlsberg because of its geographical exposure – with a focus on less volatile Europe and Asia – and because of its 30% soft drink exposure, which we conclude is synergistic to beer, adds to growth, and is less debated ...

ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Henrik Bartnes
  • Petter Nystrøm
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