Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on SKANDINAVISKA ENSKILDA BAN-A. We currently have 2 research reports from 1 professional analysts.
|29Nov16 09:08||GNW||SEB: Investment Outlook: US election outcome changes financial market conditions|
|22Nov16 09:00||GNW||SEB: Nordic Outlook: Trumpism will have an uncertain impact - Swedish economic optimism, Riksbank done with rate cuts|
|18Nov16 12:00||GNW||Changes to Nomination Committee for SEB|
|14Nov16 12:00||GNW||Frank Hojem new head of media relations at SEB|
|20Oct16 06:01||GNW||SEB third quarter results 2016|
|11Oct16 07:01||GNW||SEB: Greater uncertainty and increased worry, but more initiatives for growth|
|06Oct16 07:51||GNW||Invitation - SEB's third quarter 2016 results|
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SKANDINAVISKA ENSKILDA BAN-A
SKANDINAVISKA ENSKILDA BAN-A
No possible extrapolation but net interest income reassuring...
20 Oct 16
SEB published its Q3 results. Total income was better than expectations (at SEK10.79bn or 2.5% above consensus) but only on the back of strong trading income while core (and stable) revenues, be it net interest income or net fees, were roughly in line with expectations. With total expenses in line but a much better cost of risk, profit before tax was 10% above expectations. CET1 at 18.6% is just 10bp lower versus Q2 16.
Positive on earnings and capital
04 Feb 16
SEB released its Q415 earnings this morning. These are quite strong as profit before tax is 15% higher than expectations. CET1 ratio also turned out quite strong at 18.8% (versus 17.8% Q315). Dividend is higher than expectations at SEK5.25ps (versus SEK5ps consensus).
Positive returns from all asset classes in Q316
28 Nov 16
Tetragon Financial Group (TFG) reported fair value earnings of US$49.7m for the third quarter of 2016, with positive contributions made by all asset classes. NAV total return was 1.3% for the quarter and 7.8% for the nine months to 30 September 2016. Having completed a US$100m tender offer in June 2016, TFG commenced a US$50m tender offer on 9 November 2016, which should be meaningfully accretive to NAV per share given the current wide share price discount to NAV. Consistent with previous years, the third interim dividend was held in line with the second interim, confirming TFG’s 5.9% yield.
N+1 Singer - Morning Song 30-11-2016
30 Nov 16
Sanderson has delivered full year results in line with expectations and the 19 October trading update after a strong finish to the year compensated for a slower start. A healthy level of pre-contracted recurring revenue (50%), incremental sales to existing customers and new customer wins at higher average order values helped deliver solid revenue growth in both the Digital Retail (+9%) and Enterprise (+12%) divisions. A decent order book and good sales momentum suggest that the company is on track to deliver on unchanged profit expectations for the current year. We continue to view the valuation (FY17 EV/EBITDA 8.6x) as undemanding given an attractive combination of accelerating growth potential, strong cash generation and growing dividends.
Small Cap Breakfast
28 Nov 16
Warpaint London—Schedule one update. Raising £2.5m at 97p. Expected mkt cap £62.6m vs revenues of £22.3m Walls & Futures REIT — Has raised £1m at £1 to acquire, refurbish or develop residential properties in the UK . Due to arrive on ISDX on 29 November Diversified Oil & Gas— Schedule One now out. $60m to be raised. Expected admission 6 December. Creo Medical Group —UK based medical device company focused on surgical endoscopy, a recent development in minimally invasive surgery. Admission due 7 December. Fundraising details TBA.
Long-term investment in Asian small caps
10 Nov 16
Scottish Oriental Smaller Companies Trust (SST) aims to generate long-term capital growth by investing in a portfolio of small-cap Asia ex-Japan equities. Vinay Agarwal is the interim lead fund manager while Wee-Li Hee is on maternity leave; he is assisted by Martin Lau, Scott McNab and the broader First State Stewart Asia team. Stocks are selected on a bottom-up basis, with a view to preserving capital on the downside as well as achieving capital growth. SST has significantly outperformed the peers and the MSCI AC Asia ex-Japan and MSCI AC Asia ex-Japan Small Cap indices over both five and 10 years.
Interims reveal value creation
28 Nov 16
In June Draper Esprit was listed on the LSE. Today its maiden interim results reveal substantial progress since IPO. In addition to strengthening the executive team with the appointment of Ben Wilkinson as CFO, Draper Esprit has created shareholder value through new investment and realisations.