Read all the reports from LINC R&A

December 2017

LINC Articles: Publication I – Backtesting normal and tweaked MAC

In this LINC article about different MACD settings and their performances, analyst Oliver Titikic, analyst Davud Serezlic and analyst Felix Eriksson have analysed one MACD [...]

Equity report: Venue Retail Group – Restructured business profile increases agility in a competitive retail industry

  In this equity report, analysts Olof Ståhl and Emil Erbing evaluate Venue Retail Group. The report outlines how Venue Retail Groups restructured business model [...]

Equity report: NNH – Competitive advantage through distribution network enables economics of scale

In this equity report, analysts Johan Cisneros and Olof Ståhl evaluate New Nordic Healthbrands. The report discusses possibilities for further cost synergies and operational leverage [...]

Equity report: Zeta Display – Strong market position enabled through aggressive acquisitions

In this equity report, analysts Sebastian Hofstedt and Emil Erbing evaluate Zeta Display. The report discusses a new phase of synergies and profitability through Zeta [...]

Equity report: Axkid – Picking up speed through entries in high growth markets, fueled by potential regulations

In this equity report, analyst Fredrik Lindblad evaluates Axkid. The report outlines future prosperity through geographical entries in high growth markets, fueled by a higher [...]

Macro report: Eurozone Politics

Ten years ago the world’s economic and political order seemed to be set on an foreseeable course. Economic globalization was expected to rapidly advances as [...]

Equity report: Proact – Seeking longer contracts to improve margins

Analysts Klas Danielsson and Dante Haques have examined the prospects for Proact, operating within data storage and consulting. Importantly, added focus on longer contract periods [...]

Equity report: Note – Strong financial position enables exponential growth through acquisitions

In this equity report, analyst Oscar Johannesson evaluates NOTE, a northern European local manufacturer and logistic partner operating on a global scale manufacturing electronic products [...]

Equity report: Siili Solutions Oyj – Risk controlled expansion through organic and inorganic growth

Analyst Panu Pikkanen investigated the growth and return outlook of Siili Solutions Oyj, a software developer listed on OMX Helsinki. The company has achieved significant [...]

Macro report: The booming Swedish Housing Market

In recent years housing prices have grown strongly in Sweden, and with them the ratio of household debt to household income. This has caused some [...]

Equity report: West International – Global expansion about to take off

Analysts Samuel Hammarling and Wilhelm Rippe have investigated the outlooks for West International, a company delivering transaction- and payment solutions for retailers. Though a fairly [...]

November 2017

Equity report: Waystream Holding – Shift in operational focus is expected to generate further growth

In this equity report, analyst Jonna Tillenius evaluate Waystream Holding. The company is shifting their operational focus from product development to sales and marketing. The [...]

Equity report: Tourn International – Further growth potential in modern marketing approach

In this equity report, analysts Edvin Sjökvist evaluate Tourn International. The company is expected to grow revenues more than threefold during 2017 by exploiting new [...]

Equity report: Firefly – Subdued operational risk with substantial upside potential

Analysts Sebastian Hofstedt and Emil Erbring investigate the outlook of Firefly, which specializes in fire protection for industrial plants, oil rigs and infrastructure projects. The [...]

Equity report: Novotek – A venture into cyber security creates opportunities for future growth

Analysts Klas Danielsson and William Wiksell have investigated the outlooks for Novotek, which specialize in automation and IT solutions for the industrial sector. Through the [...]

Wise Group – Recurring revenues and high dividends yield combined with expected growth

In this equity report, analysts Johan Brown and Patrik Nilsson evaluate Wise Group. The company has shown growth potential and opt towards further acquisitions. The [...]

Equity report: Swedencare – Well-established distribution network aligns synergies for new product acquisitions

In this equity report, analyst Anton Ljung evaluates Swedencare. The report discusses how Swedencares well-established distribution network has the potential to leverage future sales growth [...]

Equity report: Stille – Acqusition strategy predicted to optimize cost base and contribute to revenue growth

In this equity report, analysts Enes Ljuca and Dante Haques evaluate Stille. The report discusses possibilities for further cost synergies and operational leverage after recent [...]

Equity report: NETG – Reorganised capital structure and interesting profitable growth

In this equity report, analysts Kevin Nilsson and Olle Göransson evaluate Net Gaming Europe. The company has recently gone through major transformations with regards to [...]

Equity report: Homemaid – potential spinoffs reveal hidden values

Analysts Gustav Nilsson and Sebastian Würtz have investigated the outlooks for Homemaid, specialising in household services and senior recruitment. The company has a leading position [...]

Equity report: Avensia – The expansion of Storefront is about to take off

In this equity report, analysts Teodor Sjöberg and Henrik Guditz evaluate the software developer- and IT-consultancy firm Avensia. The analysts portray different near term outcomes [...]

October 2017

Equity report: Stillfront – Diversified portfolio aligned for profitable growth

In this equity report, analysts Jakob Lembke and Johan Cisneros evaluate Stillfront group. The company has shown double-digit growth the past years, partly boosted by [...]

May 2017

Equity report: Possibilities through acquisitions in the casino-segment

The recent acquisition of Highlight Media changes the direction of the company. Adding an affiliate-network to the current operations (pokerloco & casinoloco) sets Net Gaming [...]

Macro report: Analysis of European macro data & equities

In the last analysis from our macro team for the semester, the analysts makes a case for European equities. The case builds on the recent [...]

Equity report: Fastout – possibilities of profitability

In this equity report on Fastout analyst Henrik Sundström evaluates the possibilities of profitability in the near term future. Analyst Sundström pinpoints that the drone-niched [...]

Macro report: The US-economy, doom or gloom?

The head of our macro team, Sebastian Svensson-Bromert, explores the health of the US economy and the possible headwinds with the US automotive industry as [...]

LINC Articles: Publication III – Financial Products

In this LINC article about financial products, analyst Andreas Israelsson, analyst Daniel Rosengren and analyst Jesper Carlsson have analyzed one phenomenon each related to financial [...]

Equity report: Drillcon – Payoff from streamlining and investments

In this equity report, analysts Douglas Tindberg and Wilhelm Sondén evaluates Drillcon. The company has divested their operations in Finland, and simultaneously started investing in [...]

April 2017

Equity report: ENEA – Further strengthens its position

In this report analyst Daniel & Cecilia evaluates Enea, a company specialized in providing communicational software. Technical analyst is Daniel Rosengren. The analysis focuses on [...]

Equity report: Semcon – Possible revaluation?

Analyst Fredrik von Plomgren has written a report about Semcon, an international product development company. Technical analyst is Davud Serezlic. The analysis focuses on the [...]

Equity report: Solteq – Growth potential through acquisitions

In this report analyst Nils Betsholtz is diving into Solteq, a Finnish IT-consultant operating since 1982. The analysis discusses the promising prerequisites for topline and [...]

LINC Articles: Publication II – Flag pattern and the scallop formation

In this LINC article about pattern formations, analyst Carl Becht and Dado Serezlic have analyzed one pattern formation phenomenon each within technical analysis: the Flag [...]

Equity report: Eurocon – Increased margins despite labour shortage

In this report analyst Jesper Wijk evaluates the prospects of Eurocon, a company operating in the engineering-consultancy sector. The analyst sheds light on how the [...]

Equity report: Motion Display – Exhibiting economies of scale

This report is written by Henrik Sundström, and technical analyst in the report is Jesper Carlsson. The analysis focuses mainly on the operative leverage of [...]

Equity report: NGS – Offering exposure towards structural growth

In this report, analyst Gustav Furenmo evaluates the prospects of NGS, a company facing structural headwinds in their cost base, but at the same time a [...]

Equity report: Mr. Green – Bright outlooks after solid 2016

This report is written by Filip Eriksson, and the analysis focuses mainly on new growth areas for Mr Green.  The analysis is written in Swedish. [...]

Equity report: MQ – High yield and growth potential

This equity report is written by analysts Douglas Tindberg and Wilhelm Sondén, and they investigate the outlooks for MQ. If you want to contact the analysts, [...]

Equity report: Uniflex – Is strong market growth enough?

In this equity report, analysts William Celsing and Nils Betsholtz investigates the prospects of Uniflex as an investment. If you want to get in touch with [...]

Macro report: The case for uranium – Deal or doom

This week, macro analyst Martin Holmquist provides us with an analysis of the market for uranium. The analysis feature a breakdown of the growth prospects [...]

March 2017

Equity Report: Absolent Group – Expanding in a growing market

In this equity report, analysts Cecilia Skoglund and Daniel Nilsson evaluates Absolent Group. If you want to get in touch with the analysts, please send [...]

Introducing LINC Articles: A brand new article series from our TA-team

In this LINC article, six analysts have described one useful tool or phenomenon within technical analysis as well as regressional finance. Every article has an [...]

Equity report: ZetaDisplay – Growth through strategic acquisitions

In this equity report, analyst Jesper Wijk evaluates the investment prospects of ZetaDisplay. Technical analyst is Andreas Israelsson. This report is written in Swedish. Case summary: [...]

Macro report: An outlook for the wind energy market

This week, macro analyst Ludvig Tingåker provides us with an analysis of the Wind energy market. The analysis feature a break down of the growth [...]

Macro report: Japanese equity – an outlook for an overlooked market

This week, macro analyst Sebastian Svensson Bromert provides us with an analysis of the Japanese equity market. The analysis features macro, exploring mainly the currency and [...]

Macro report: The case for investing in Africa

This week, Ludvig Tingåker and Martin Holmqvist from our macro team, evaluates the investment prospects of Africa. Case summary Increasing population Extensive amount of natural [...]

February 2017

Equity Report: Tobin Properties – solid real estate portfolio

In this report, analysts Gustaf Nordenlöw and Valentino Rogic evaluates the potential of the real estate company Tobin Properties. This case is written in Swedish. If [...]

Macro Report: FX analysis – What next for the Euro?

In this macro report, Master student Alex Mikaelsson provides us with an in-depth analysis of the currency. Macro and political factors are examined complemented by [...]

Equity Report: NEPA – Strong growth but high expectations

NEPA is concluded to have a bright growth outlook, but is the current valuation fair? In this report, analyst and bachelor student Nils Betsholtz evaluates what [...]

Equity Report: Polygiene – Odour free turn around?

In this analysis, Jesper Wijk and Filip Eriksson analyze Polygiene. The company is currently striving to expand its business, and according to this report, Jesper [...]

January 2017

Macro Report: The Case for European High Yield

The spring semester's first analysis comes from our macro team. In this report, analyst and master student Alex Mikaelson looks into the investment prospects of the [...]

Macro Report: Analyzing what a Trump win means for markets

In this report, macro analysts Alex Mikaelsson and Martin Nilsson analyze the potential implications of Trumponomics regarding FICC - Fixed Income, Currencies and Commodities. If you want [...]

December 2016

Equity Report: eWork Group – strengthening its unique position

eWork Group AB has an interesting position as a an intermediary in the consulting business, and in this report, Analysts Gustaf Nordenlöw and Daniel Nilsson, [...]

Equity Report: Lovisagruvan – a high risk mine

Lovisagruvan is a Swedish mining company, and analysts Thuva Mayonmarukan and Jesper Wijk investigate the future potential of its business. If you want to contact [...]

Equity Report: Nordic Leisure – growth through acquisitions

In this report, analysts Christan Erlandsson and Victor Väggö analyzes the online casino company Nordic Leisure, by evaluating the potential growth strategies that can increase [...]

Equity report: Bredband2 – increased B2B investments

In this equity report, master students Filip Düsing and Marcus Levéen Pehrsson analyze Bredband2, and evaluate how the growth strategy affects forward looking multiples and cash [...]

Macro report: Copper – a metal with potential

The head of our macro team, Sebastian Svensson-Bromert, looks into the investment prospects of copper in this report. If you want to contact him or if [...]

November 2016

Equity Report: Somero – continues to strengthen its position

This equity report is written by master-students Laura Christoffel and Vili Korpela, and the report evaluates Somero. This is the first report for the semester [...]

Equity Report: A City Media – solid growth and margin expansion

This analysis is written by Gustaf Nordenlöw and Henrik Sundström, and they look into the potential outcomes of A City Medias strategy going forward, and [...]

Equity Report: Novus Group International

In the first equity report from LINC R&A for this semester, analyst Gustaf Nordin evaluates Novus Group International as an investment prospect. This analysis in written in [...]

October 2016

Macro report: Scenario analysis of the upcoming OPEC meeting

LINC R&A presents our second macro analysis for the semester, a scenario analysis of the upcoming OPEC meeting. This analysis was written by our macro [...]

Macro Report: Analyzing the events in Q4

This week, analysts Martin Nilsson and Alex Mikaelsson from our Macro-team has analyzed the major economic events in Q4 2016. What are the potential consequences of [...]

September 2016

Macro report: Does silver shine brighter than gold?

The first analysis of this semester comes from the macro team within LINC R&A. The analysts have evaluated the silver market and the future potential of silver as an [...]