Real estate investment company Citycon (+ 1.2%) was by far the most traded share on the stock exchange with a turnover of approximately EUR 69 million. The company announced on Wednesday that it will begin a program to repurchase its own shares through a market-based reverse accelerated bidding process.
In the morning, before the stock exchange opened, the company announced that it had acquired a total of 9.5 million of its own shares at a total acquisition price of EUR 65.8 million. The acquisition price of the shares was EUR 6.93 per share.
Another real estate investment company Investors House (+ 1.4%) said in the morning that they would increase their earnings guidance for the current year. The company now estimates that the operating result for 2021 will be significantly better than in 2020. Previously, the company expected a better result than last year.
The background is an associated company IVH Campus Ky:n sales. The transaction will be completed during the last half of the year.
Anora told her figures, state holdings in Solidium
Alcohol company Anora (+ 0.2%) released their figures for the third quarter in the morning. The company’s pro forma comparable EBITDA increased from EUR 27.8 million to EUR 30.1 million. The company also said later in the afternoon that the parallel listing of its shares on the Oslo Stock Exchange will end at the beginning of next year.
The Prime Minister’s Office, for its part, announced that it would transfer the state’s holdings in Anora to a state-owned investment company Solidiumille. The value of the pot at the current price is approximately EUR 142 million. The state owns about one-fifth of Anora.
In addition to Anora, the drug development company reported its figures Nanoform (-2.3%). The company reports that its operating loss increased in the third quarter to EUR -5.1 million from EUR -3.8 million in the comparison period.
Hissiyhtiö Machine (+ 0.6%) reported that Antti Herlin has bought a total of 200,000 shares in the company on Wednesday and Thursday at an average price of approximately EUR 60 through the investment company Holding Manutas. The total value of the transactions is thus approximately EUR 12 million.
CEO of Musti Group David Rönnberg sold Musti Group shares on Thursday for EUR 3.26 million. Following the sale of the shares, Rönnberg owns 685,000 Musti Group shares.
YIT:n member of the board Alexander Ehrnrooth in turn, bought YIT shares for approximately EUR 447,000 Tercero Invest AB:n through. The transaction announcement also shows that Tercero Invest has pledged the shares it has purchased.
Tercero Invest is YIT’s largest shareholder. At the end of October, it owned 25.1 million shares in the company, representing an 11.9 percent stake.
Changes to recommendations and target prices
OP fell in the morning the construction company YIT:n (+ 1.8%) to the target price of EUR 5.00 from the previous EUR 5.50. The recommendation remained unchanged at the more level.
OP also reduced the food company HKScanin (-1.0%) to the target price of EUR 2.00 from the previous EUR 2.20. The recommendation remains unchanged at the more level.
Kepler Cheuvreux lifted the workshop Valmetin (+ 2.0%) from the recommended hold level to the buy level and the target price from 39 euros to 45 euros.
Source: Arvopaperi by www.arvopaperi.fi.
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