Svenska Cellulosa Aktiebolaget

Svenska Cellulosa Aktiebolaget

25 August 2016

Important legal information

SCA is a leading global company focusing on hygiene and forest products. The company develops tissue, personal care products, publication papers and solid-wood products. SCA conducts sales in approximately 100 countries and its largest sales markets are Germany, United Kingdom & Republic of Ireland, France, United States, China, Spain, Sweden, Colombia, Mexico and the Netherlands. The SCA group operates under its many strong leading brands and is also Europe’s largest private forest owner placing considerable focus on sustainable forest management. (source: SCA website)

Wednesday, August 24th, SCA announced the plan to propose a split of the company at the 2017 Annual General Meeting, separating hygiene and forest products in two separate listed companies. The idea was raised in the past but dismissed by former Chief Operating Officer Jan Johansson.

Over time, the link between the two parts of the company have become less important and according to Pär Boman, chairman of SCA, the opinion of the board of directors is that a split facilitates for each business to successfully realize its strategies and increase shareholder value. Magnus Groth, Chief Operating Officer since March 2015, also said on a conference call “we will have two very attractive separate listed companies on the Stockholm Stock Exchange”. Around 85% of sales currently stems from sale of personal care products and tissues, which have been the faster-growing part of the business, and forest products makes around 15% of sales.

The split is expected to be complete in H2 2017 and shareholders of SCA will receive their respective shares in the new hygiene company with base in Stockholm, while the forest products business will remain the name SCA, with headquarters in Sundsvall. The announcement led to SCA shares trading up +10% yesterday morning on the Stockholm Stock Exchange.

What impact do you believe the announcement will have on the future development of SCA’ stock? Find your investment opportunities and trade Vontobel Bull & Bear Certificates, Knock-Out Warrants and Mini Futures with SCA as reference asset. Choose from a variety of leverage and decide on your direction.

Bloomberg consensus set the 12-month target price to SEK 290,87. As of August 25th, the share price opened at SEK 270,30, up 0,5% from yesterday. Currently, 12 (63,2%) analysts set SCA on BUY, 6 (31,6%) on HOLD and 1 (5,3%) on SELL recommendation.

 

Bull & Bear-Certificates

 Symbol ISINIndex reference instrumentFactorTypeCur.BidAsk 
BULL APPLE X10 VON1
DE000VF533C5 Apple Inc. 10.00 Long SEK 0.002 -
BULL APPLE X10 VON10
DE000VP2RC04 Apple Inc. 10.00 Long SEK 0.042 0.046
BULL APPLE X10 VON11
DE000VP3MTV0 Apple Inc. 10.00 Long SEK 0.034 0.038
BULL APPLE X10 VON12
DE000VP3NQ50 Apple Inc. 10.00 Long SEK 0.016 0.02
BULL APPLE X10 VON15
DE000VP9V6U9 Apple Inc. 10.00 Long SEK 0.09 0.094
BULL APPLE X10 VON14
DE000VP9VHN0 Apple Inc. 10.00 Long SEK 0.182 0.186
BULL APPLE X10 VON18
DE000VV11SJ7 Apple Inc. 10.00 Long SEK 0.746 0.752
BULL APPLE X10 VON19
DE000VV19AU5 Apple Inc. 10.00 Long SEK 1.97 1.99
BULL APPLE X10 VON20
DE000VV2K3W0 Apple Inc. 10.00 Long SEK 5.70 5.75
BULL APPLE X10 VON21
DE000VV3R221 Apple Inc. 10.00 Long SEK 13.64 13.75
BULL APPLE X10 VON22
DE000VV67GW7 Apple Inc. 10.00 Long SEK 39.93 40.24
BULL APPLE X10 VON23
DE000VV8Z9Y0 Apple Inc. 10.00 Long SEK 92.29 93.00
BULL APPLE X10 VON17
DE000VX8WXW8 Apple Inc. 10.00 Long SEK 0.368 0.372
BULL WTI X10 VON53
DE000VV34D70 WTI Light Sweet Crude Oil Future Jan 2023 10.00 Long SEK 0.012 0.02
BULL WTI X10 VON46
DE000VX5RHK2 WTI Light Sweet Crude Oil Future Jan 2023 10.00 Long SEK 0.001 -
BULL WTI X10 VON48
DE000VX8XQQ2 WTI Light Sweet Crude Oil Future Jan 2023 10.00 Long SEK 0.002 -
BULL WTI X10 VON49
DE000VX8ZH15 WTI Light Sweet Crude Oil Future Jan 2023 10.00 Long SEK 0.001 -
BULL WTI X10 VON52
DE000VX94FH0 WTI Light Sweet Crude Oil Future Jan 2023 10.00 Long SEK 0.006 0.015
BULL WTI X10 VON51
DE000VX9K3V1 WTI Light Sweet Crude Oil Future Jan 2023 10.00 Long SEK 0.002 -
BULL WTI X10 VON50
DE000VX9KN39 WTI Light Sweet Crude Oil Future Jan 2023 10.00 Long SEK 0.004 0.01
09/12/2022 18:01:05