Kinnevik AB

Kinnevik is an investment company with holdings in the sectors of communication, e-commerce, entertainment and financial services. Co.'s holdings include Millicom, a telecommunications and media company providing digital lifestyle products and services to emerging markets, and Tele2, a telecom operator, providing mobile services, fixed broadband and telephony, data network services, cable TV and content services. Within e-commerce, Co. has focused its investments in the shoes and fashion segment through companies such as Zalando with geographical presence in Europe and companies such as Lamoda, Dafiti, Jabong and Zalora focused on emerging markets.
  • TickerKINV B
  • ISINSE0008373906
  • ExchangeNasdaq Nordic Stockholm
  • SectorFinancial Services
  • CountrySweden

Analysts

Joachim Gunell

The weekly navigator

Key takeaways from last week include: 1) Latour divested its entire holding in Loomis; 2) we hosted Vostok New Ventures for a lunch presentation at our Stockholm offices; 3) Svolder traded strongly on its fiscal Q2 2018/2019 report; and 4) Ratos is in negotiations about a possible sale of its renowned headquarters.

Joachim Gunell

The weekly navigator

Key takeaways from last week: 1) we attempted to solve the puzzle of the next checkmate move in Fredrik Lundberg’s long-term strategy, i.e. merging his holding company Lundbergs with Industrivärden in three to five years; 2) we hosted Kinnevik’s management on a London roadshow; and 3) top-up investment made by Industrivärden in Skanska.

Joachim Gunell

The weekly navigator

Key takeaways from last week: 1) we initiated coverage on Aker with a BUY, target price NOK756; 2) Kinnevik was in fashion as Zalando’s (32% of its GAV) CMD and long-term strategy were well received by the market while GFG (5%) continues to improve profitability; and 3) Bure’s shares jumped 11%, and are currently trading at a 10% discount to NAV.

KINNEVIK 'B' sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of KINNEVIK 'B' (SE), a company active in the Specialty Finance industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date March 1, 2019, the closing price was SEK 233.20 and its potential was estimated at SEK 247.66.

Joachim Gunell

The weekly navigator

Key takeaways from last week: 1) Kinnevik-owned Millicom’s acquisition of Telefónica assets removed the potential short-term catalyst of a LILAC bid; 2) Lundbergs’ Q4 report was solid, but in essence a non-event; 3) Dagens Industri reported that Investor is considering a sale of Memira for around SEK2bn; and 3) Bure trimmed its position in Mycronic by 2m shares.

Joachim Gunell

The weekly navigator

Key takeaways from last week include: 1) Latour divested its entire holding in Loomis; 2) we hosted Vostok New Ventures for a lunch presentation at our Stockholm offices; 3) Svolder traded strongly on its fiscal Q2 2018/2019 report; and 4) Ratos is in negotiations about a possible sale of its renowned headquarters.

Joachim Gunell

The weekly navigator

Key takeaways from last week: 1) we attempted to solve the puzzle of the next checkmate move in Fredrik Lundberg’s long-term strategy, i.e. merging his holding company Lundbergs with Industrivärden in three to five years; 2) we hosted Kinnevik’s management on a London roadshow; and 3) top-up investment made by Industrivärden in Skanska.

Joachim Gunell

The weekly navigator

Key takeaways from last week: 1) we initiated coverage on Aker with a BUY, target price NOK756; 2) Kinnevik was in fashion as Zalando’s (32% of its GAV) CMD and long-term strategy were well received by the market while GFG (5%) continues to improve profitability; and 3) Bure’s shares jumped 11%, and are currently trading at a 10% discount to NAV.

Joachim Gunell

The weekly navigator

Key takeaways from last week: 1) Kinnevik-owned Millicom’s acquisition of Telefónica assets removed the potential short-term catalyst of a LILAC bid; 2) Lundbergs’ Q4 report was solid, but in essence a non-event; 3) Dagens Industri reported that Investor is considering a sale of Memira for around SEK2bn; and 3) Bure trimmed its position in Mycronic by 2m shares.

Joachim Gunell

The weekly navigator

Key takeaways from last week: 1) we reiterated our views on Kinnevik (BUY) and Latour (HOLD) following their Q4 results; 2) Kinnevik committed to invest SEK0.9bn in MatHem; 3) the market reacted well to Aker’s proposed DPS of NOK22.5 for 2018 (consensus was NOK19.8); and 4) Öresund divested its entire holding in Engelska Skolan.

Alexander Aukner ...
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Mats Bye
  • Mattias Montgomery
  • Ole-Andreas Krohn
  • Simen Mortensen
  • Stefan Gauffin

Northern Lights

Alexander Aukner ...
  • Antti Kansanen
  • Christer Magnergård
  • Christoffer Wang Bjørnsen
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Helge André Martinsen
  • Joachim Gunell
  • Jon Masdal
  • Jørgen Lian
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Arnell
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Mattias Montgomery
  • Niclas Gehin
  • Nicolai Farstad Olsen
  • Nicolas McBeath
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Antti Kansanen ...
  • Joachim Gunell
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Niclas Gehin
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Stefan Gauffin

Ability to grow profitably uncertain

KINNEVIK 'B' sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of KINNEVIK 'B' (SE), a company active in the Specialty Finance industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date March 1, 2019, the closing price was SEK 233.20 and its potential was estimated at SEK 247.66.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Kinnevik AB - Proxy report 16/07/2018

In general, Investment AB Kinnevik ("Kinnevik") is in compliance with the Swedish regulations relating to the organisation and procedures of the Extraordinary General Meeting. ITEM 7 In order to successfully close the merger between Tele2 AB and Com Hem Holding AB (two of Kinnevik's portfolio companies) relevant pro-competitive measures (particularly on the Swedish television markets) are required by the European Commission. The board of directors therefore proposes to distribute all shares in portfolio company Modern Times Group AB ("MTG"). As a matter of principle, ECGS is generally suppo...

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