New Nasdaq CEO to liven Estonian stock exchange

Kaarel Ots, who took over as manager of Nasdaq Tallinn a week ago, said on Tuesday that it looked like things were finally beginning to move listing stocks and bonds of Estonian state-owned companies on the securities market.

“The stock market needs businesses, including state-owned ones, there’s been talk about this for years,” Ots told Eesti Päevaleht in an interview. “Holdings in state companies and state bonds are a mantra I’m not going to give up. While it’s a basic thing that large companies are listed, you can’t force anybody to list. I intend to work a lot with medium-sized and small companies to get them on the alternative market or the bond market.”

Read more from ERR News

Tallinn stock exchange turnover on Friday EUR 220,000

The Tallinn stock exchange saw a positive trading day on Friday as the OMXT index moved up 0.32 percent to 881.56 points and turnover from 100 transactions totalled 219,078 euros.

The total turnover was quite small but most names saw trades carried out with their shares. Olympic and Kaubamaja moved up, while Tallink moved slightly downward. Merko Ehitus, which produced a very small turnover, moved up nearly 3 percent.

Olympic Entertainment Group rose 1.13 percent to 1.79 euros as turnover from 32 trades was 70,546 euros. Tallinna Kaubamaja Grupp climbed 0.46 percent to 6.58 euros as 51,380 euros’ worth of shares changed hands in seven transactions.

Source: BNS

482,000€ block in Tallink changes hands in early trade

The price of the share of Tallink Grupp moved up 0.69 percent as 482,000 euros’ worth of shares in the shipper changed hands in a block trade in early trade on the Tallinn stock exchange on Monday.

The three stocks seeing the biggest turnovers during the first 45 minutes were Tallink, Silvano Fashion Group and Tallinna Vesi, all of which posted gains. In the rest of the names turnover was smaller than 10,000 euros.

With a turnover of 522,000 euros that included a block trade worth 482,000 euros, Tallink rose 0.69 percent to 0.725 euros.

EU member states on Friday approved 29.3 million euros in EU funding within the 2014 CEF Transport Multi-Annual Calls for proposals to finance the infrastructure investments of the ports of Helsinki and Tallinn together with Tallink Grupp. The total cost of the planned investments is 97.6 million euros

Tallink stands to receive 4.8 million euros to commission a new environmentally friendly LNG vessel costing 230 million euros to serve the Helsinki-Tallinn line starting from 2017. The investment under TWIN-PORT II is 16.0 million euros.

Silvano Fashion Group rose 0.75 percent in early trade to 1.340 euros with a turnover of 20,000 euros and Tallinna Vesi firmed 0.76 percent to 13.20 euros in trade worth 16,000 euros.

On Friday, OMXT inched up 0.03 percent to 840.43 points and turnover from 259 transactions totaled 535,651 euros. Tallink fell 2.31 percent to 0.72 euros and turnover from 114 trades totaled 241,613 euros while Tallinna Vesi rose 0.77 percent to 13.1 euros as 135,168 euros’ worth of shares changed hands in 38 transactions.

Source: BNS

Financial stability review

The local Estonian securities markets are small in  size and quiet in activity. The total capitalisation of  bonds issued and stocks quoted on the exchange stood at 2.3 billion euros at the end of August  2014, or 12% of GDP. The small size of the market means that the risks to Estonian financial stability  from the local securities markets are small.

Tallinn Stock Exchange













Read more from The Bank of Estonia report Financial Stability Review 2/ 2014


Tallinn Stock Exchange turnover at a new low

NASDAQ OMX Tallinn is on track for an all-time low volume, with turnover for the first three quarters of 2014 at 96.6 million euros, less than half of what it was in 2009.

Experts say the decline in trading volume is a continuing trend caused by the lack of new companies entering the market and unwillingness of the investors to take risks.

Kalle Viks, head of issuer services at NASDAQ OMX Tallinn told ETV: “It has been four years since a new company entered the stock market. The questions of who, when and if will go public are best directed at the companies themselves. We are ready to welcome them and we can also tell that the activity levels of the companies, or at least their interest in the stock market, are going up.”

Alo Vallikivi, head of brokerage at LHV Investment Bank, said that there are more reasons for such low volumes. “Many still remember the 2008 decline in the stock exchange and those who got burned may never want to play the market again. A third and a global reason is that the decline in trading volumes is a worldwide trend,” he said.

Source: ERR News

Tallink charters its cruise ferry to Australia

Estonian listed ferry group Tallink and Bridgemans Services Ltd. have entered into a charter agreement to charter Tallink’s cruise ferry Silja Europa to Australia from August
2014 as an accommodation vessel.

The period of the charter is at least 14 months with an option to extend up to 48 months.

For Tallink, the deal means that M/S Baltic Queen which is operating on Tallinn-Stockholm route will change to Tallinn-Helsinki route on 7 August 2014 and M/S Romantika which is operating on Riga-Stockholm route will change to Tallinn-Stockholm route. M/S Isabelle will continue the service on Riga-Stockholm route.

Read more from BBN

Listed companies increasing divident payouts

Out of the 13 companies listed on the Tallinn stock market, 10 are planning or have already announced dividends this year.

The total will be 82 million euros, Postimeesreported today, with more companies than ever announcing a policy of dividends.

Ekspress Grupp, owners of Delfi, and ferry operator Tallink began paying out dividends last year and are now joined by construction giant Nordecon, with Merko Ehitus (also construction), Tallinna Kaubamaja (store), Silvano GG (fashion), Harju Elekter (power), Olympic (casinos), Premia foods and Tallinna Vesi (waterworks) all expected to indulge shareholders.

Source: ERR

Tallink reports EUR 23m loss in Q1

Ferry operator Tallink had an operating loss of 23 million euros in the first quarter.

The first quarter is normally a low season for the company, but the loss was one-third larger than the loss in the first quarter of last year.

Several ships underwent scheduled maintenance in the first quarter, but the results were also affected by the maintenance and upgrading of the cruise ship Silja Serenade.

Read more from BBN

Biggest private investor pulls out of Estonian share

Stefan Andersson, a Swedish private investor who has been one of the biggest investors in Tallinn Stock Exchange, has sold most of its holdings, writes Äripäev.

Last year, Andersson sold 842,706 euros worth of shares of Merko Ehitus, 235,000 euros worth of Tallinna Vesi, 115,000 euros worth of Tallink and 95,000 euros worth of Järvevana.

In addition, he sold 413,000 euros in Fortum shares and 163,000 euros of UPM shares.

All in all, Andersson sold about 1.9 million euros worth of shares in 2013.

Read more from BBN

Tallinn stock market too small

NASDAQ OMX Tallinn head of board Rauno Klettenberg said the market’s trading volumes are low, but enlisting state companies on the stock market would bring back life.

According to Postimees, trading turnover in the Tallinn stock market was 48 million euros in the first quarter this year, 40 percent less than during the same period last year.

Read more from ERR