Stories of the week. The company plunged into total bankruptcy, and investors revealed their favorite stocks this year

Raul Lättemägi.Photo: Andras Kralla

Readers of Äripäev were most often interviewed this week by a company with utopian ideas that had multiplayed bankruptcy, as well as a large survey of investors, which revealed which shares of the Baltic stock exchange are predicted to have the biggest impact this year.

On Thursday, we wrote that an entrepreneur with cosmic ideas ended up in multiple bankruptcy. There had to be a space center in Põltsamaa, there had to be an artificial turf business in Europe and there had to be one successful county newspaper. Instead, Raul Lättemägi is bankrupt at all ends and is banned from doing business.

The company’s companies owe more than a million euros, the man himself has almost half a million euros, and the trustee in bankruptcy also suspects money laundering.

What’s more, read more here.

Investors are waiting for the stock market boom to continue

When a diversified company went to water, many investors are contributing to their success, expecting great success this year. 150 investors took part in Äripäev’s large investor survey, who said that they expect the greatest progress in the share prices of Enefit Green and LHV.

67% of the respondents to the Äripäev survey believe that the Tallinn Stock Exchange will trade at a higher level in a year than now. On the other hand, almost a fifth believe the stock market will sink.

Among the newest members of the stock exchange, investors expect the best to go to TextMagic, and investors also believe in the success of Hagen Bikes. The real estate sector is also expected to continue to grow, although concerns have already been raised. Find out what these are and what investors expect from tourism here.

The transaction market continues to heat up

The corporate transaction market in the second half of last year set records, counted billions, and Graanul Invest, T1 and Taavet Hinrikus were among the bright names.

“2021 will go down in history as the year of the transaction boom – probably all the records that could be broken were broken,” said Sven Papp, a partner at the law firm Ellex Raidla, about last year’s corporate transaction market. At the same time, Papp does not consider the beginning of the year any worse – according to him, the transaction boom seems to be continuing.

At the same time, many companies are already suggesting expansion. For example, Tradehouse, which sells beauty products, gained new market share. The company bought an exclusive stake in Apellis Eesti and Apellis OY and a 40% stake in Solveus UAB. The acquired companies are distributors of the Jane Iredale beauty product brand in the Baltics and Finland.

Laura Kuldkepp, CEO of Tradehouse, explained that the transaction was intended to expand the sales network in Latvia and Lithuania and to expand the market for professional users in Finland. Kuldkepp did not disclose the price of the transaction, but stated that it was less than one million euros.

According to him, now is a good time to buy companies and opportunities to acquire competitors will be sought next year as well.

A tangle of blacksmiths

In the middle of the week, it came as a surprise that the former criminal minister Ain Seppik and his two sons were detained by the central criminal police.

The Seppikud family has been weaving schemes in the bankruptcy case of Hexanor for almost three and a half years, where SEB Pank is waiting for its six million euros. Now the tangle of schemes ended in suspicion of bribery.

Martin Krupp, the bankruptcy trustee of Hexanor at the center of the scandal, who was offered a bribe according to media reports, said he could not comment on the criminal case. However, he talked about what absurd things have happened in the bankruptcy proceedings of the Seppikud company. Read more about what they are here.

Also listen to Äripäev’s weekly show “Äripäev on air”, which you can do here:

Mihkel Nestor’s forecast for 2022 – price increase and record wage growth

The new year has begun with a sharp rise in prices, which is spreading to many areas of economic life. However, this does not mean that companies should accept lower profits this year and people with lower well-being, writes SEB’s economic analyst Mihkel Nestor.

The new year has begun with a sharp rise in prices, which is spreading to many areas of economic life. However, this does not mean that companies should accept lower profits this year and people with lower well-being, writes SEB’s economic analyst Mihkel Nestor.

Successful crypt, known to few

The year 2021 was an explosion for cryptographic assets. Since bitcoin reached a new high, the US Securities and Exchange Commission has authorized an exchange-traded bitcoin fund, and El Salvador has introduced bitcoin as a legal tender. The Solana blockchain system has undergone a similarly impressive development for both innovators and investors.

The year 2021 was an explosion for cryptographic assets. Since bitcoin reached a new high, the US Securities and Exchange Commission has authorized an exchange-traded bitcoin fund, and El Salvador has introduced bitcoin as a legal tender. The Solana blockchain system has undergone a similarly impressive development for both innovators and investors.

Prices rose 4.6 percent last year, up 12 percent in December The biggest increase in years

According to Statistics Estonia, the consumer price index rose by 4.6 per cent last year compared to the 2020 average and by more than 12 per cent year-on-year in December.

According to Statistics Estonia, the consumer price index rose by 4.6 per cent last year compared to the 2020 average and by more than 12 per cent year-on-year in December.


Source: https://www.aripaev.ee/ by www.aripaev.ee.

*The article has been translated based on the content of https://www.aripaev.ee/ by www.aripaev.ee. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!