Good news LHV is optimistic, but there are reasons for concern

Head of LHV Group Madis Toomsalu (left) and investor Raivo Hein.Photo: Andras Kralla

The company LHV Group, whose shares are listed on the Tallinn Stock Exchange, this year pleased with good news: first, it exceeded its financial plan for the quarter, and yesterday pleased shareholders with the receipt of a banking license in the UK. But if one shareholder, against this background, expects a large increase in profits, the turnover of share prices, then others warn of systemic problems in the banking sector.

“It won’t be long before the daughter becomes bigger than the mother, fellow investors, draw your own conclusions,” Raivo Hein, a shareholder and member of the Supervisory Board of LHV, shared his joy in the light of yesterday’s news about the license in the UK. “Of course, I expect the share price to double in the short term, within 3-5 years. I myself buy additional shares and consider this investment for 20-30 years,” Hein added.

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