L.E. Lundbergfoeretagen AB B

L E Lundbergforetagen AB is an investment company that manages and develops a number of companies. The asset portfolio includes the wholly owned real estate company, Fastighets AB L E Lundberg, the publicly traded subsidiaries, Hufvudstaden and Holmen and the associated companies, Indutrade and Husqvarna. Co. also has major shareholdings in Industrivarden, Handelsbanken, Sandvik and Skanska. Co.'s subsidiary, L E Lundberg Kapitalforvaltning, is engages in securities trading. Operations consist of real estate operations, the manufacture and sale of printing paper, paperboard and sawn timber products, forest and power operations, and equity management (including securities trading).
  • TickerLUND B
  • ISINSE0000108847
  • ExchangeNasdaq Nordic Stockholm
  • SectorReal Estate Investment & Services
  • CountrySweden

Analysts

Joachim Gunell

The weekly navigator

The key takeaways from last week include: 1) Kinnevik’s largest unlisted asset, GFG, reported solid Q1 results with stable growth and a move towards profitability; 2) Kinnevik-owned Pleo said it was planning to raise cSEK0.5bn in a new financing round; 3) Creades cut its Lindab stake by c50%, boosting its net cash position to SEK1bn; and 4) Affärsvärlden rated Ratos BUY.

Joachim Gunell

The weekly navigator

Key takeaways from last week include: 1) Ratos’ shares soared 29% last week on signs of a recovery in its Q1 report; 2) we hosted Bure’s CEO Henrik Blomquist for a lunch presentation at our Stockholm offices; and 3) while Aker’s Q1 was uneventful, we are still positive on the long-term investment case.

Joachim Gunell

The weekly navigator

The key event last week was that we reiterated our SELL on Latour, while acknowledging its impressive Q1 results in the industrial operations.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

EU and UK Financials remain actionable Our outlook on global equities (both the MSCI ACWI and ACWI ex-US) remains positive and we continue to expect higher equity prices going forward. Below we highlight several new developments which give us additional confidence in our outlook, including but not limited to continued price and RS improvements for UK/European Financials. • Actionable Sector: Financials. Today's stock recommendations go beyond UK and European Financials, however these regions are the primary focus due to a plethora of attractive setups. In today's report we reiterate our 3/21...

Joachim Gunell

The weekly navigator

Key takeaways from last week: 1) Creades and Öresund reported Q1 earnings, as did Industrivärden, for which we reiterated our neutral view given a softer portfolio; 2) Cristina Stenbeck has been nominated to chair Zalando’s board, reinforcing our view of her long-term commitment to Kinnevik; and 3) Ratos is to sell its HQ.

Joachim Gunell

The weekly navigator

The key takeaways from last week include: 1) Kinnevik’s largest unlisted asset, GFG, reported solid Q1 results with stable growth and a move towards profitability; 2) Kinnevik-owned Pleo said it was planning to raise cSEK0.5bn in a new financing round; 3) Creades cut its Lindab stake by c50%, boosting its net cash position to SEK1bn; and 4) Affärsvärlden rated Ratos BUY.

Joachim Gunell

The weekly navigator

Key takeaways from last week include: 1) Ratos’ shares soared 29% last week on signs of a recovery in its Q1 report; 2) we hosted Bure’s CEO Henrik Blomquist for a lunch presentation at our Stockholm offices; and 3) while Aker’s Q1 was uneventful, we are still positive on the long-term investment case.

Joachim Gunell

The weekly navigator

The key event last week was that we reiterated our SELL on Latour, while acknowledging its impressive Q1 results in the industrial operations.

Joachim Gunell

The weekly navigator

Key takeaways from last week: 1) Creades and Öresund reported Q1 earnings, as did Industrivärden, for which we reiterated our neutral view given a softer portfolio; 2) Cristina Stenbeck has been nominated to chair Zalando’s board, reinforcing our view of her long-term commitment to Kinnevik; and 3) Ratos is to sell its HQ.

Joachim Gunell

The weekly navigator

Key takeaways from last week include: 1) we downgraded Latour from HOLD to SELL on valuation concerns; 2) we hosted Latour’s CEO Jan Svensson for a lunch presentation at our Stockholm offices; 3) the latest financing round in Kinnevik-owned Budbee raised its valuation by c150% since April 2018; and 4) Creades has acquired an 8% stake in Teqnion.

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Joachim Gunell
  • Jon Masdal
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Paul Harper

Northern Lights

Joachim Gunell ...
  • Ole-Andreas Krohn
  • Patrik Ling

Northern Lights

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Jesper Ingildsen
  • Joachim Gunell
  • Jon Masdal
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Niclas Gehin
  • Ole-Andreas Krohn
  • Simen Mortensen
  • Stefan Gauffin

Northern Lights

Joachim Gunell ...
  • Ole-Andreas Krohn
  • Stefan Gauffin

Northern Lights

Christoffer Wang Bjørnsen ...
  • Eivind Sars Veddeng
  • Joachim Gunell
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Arnell
  • Martin Huseby Karlsen
  • Nicolai Farstad Olsen
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Patrik Ling

Northern Lights

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)

Lundbergföretagen April 03th, 2019

In general, Lundbergforetagen is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 12, approval is sought for the re-election of the board of directors. Although there is just sufficient independent representation on the board, ECGS notes that the number of executives (3) sitting on the board is NOT in accordance with provision 4.3 of the Swedish Corporate Governance Code. Aforementioned provision stipulates that no more than one (1) member of the board may be a member of the executive management. Based on the abov...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

EU and UK Financials remain actionable Our outlook on global equities (both the MSCI ACWI and ACWI ex-US) remains positive and we continue to expect higher equity prices going forward. Below we highlight several new developments which give us additional confidence in our outlook, including but not limited to continued price and RS improvements for UK/European Financials. • Actionable Sector: Financials. Today's stock recommendations go beyond UK and European Financials, however these regions are the primary focus due to a plethora of attractive setups. In today's report we reiterate our 3/21...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

MSCI EAFE inflecting, aided by strength in Japan Developed international (MSCI EAFE, local currency) is displaying a change in trend, bullishly inflecting topside its downtrend and putting an end to the YTD pattern of lower highs. Despite this incrementally positive development, our outlook remains neutral for MSCI EAFE as there are still many additional resistance areas the index needs to overcome before we would turn outright bullish... see chart below. • Japan: Not too late to add exposure. Improvements in Japan are leading broad developed int'l indexes higher. Last week we highlighted bu...

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