LEL1L FY 2009 Analyst Update, Target Price 04/20/10

Contents:
- THE SHARE PRICE IS UNDERESTIMATED;
- POSITIVE FINANCIAL RESULTS FOR FY 2009;
- COMPANY WILL BE STABLE;
- RISK LEVEL IS LOW;
- GROWTH POSSIBILITIES REMAIN WEAK;
- BBA INVESTMENT RATING;
10 pages

This report provides analyst comment on company’s latest events and performance. Report contains target price, forecast on business risk (short-, mid-, and long-term) and growth possibilities (long-term) of the company, providing reader with necessary information to make decisions. Key reasons to read this report:
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Lietuvos Elektrine

Lietuvos Elektrine was established on December 31, 2001, following the reorganization by way of splitting of the special purpose public company Lietuvos Energija. Having started its activities in 1960, today Lietuvos Elektrine is a modern power plant with 700 employees. The electric and thermal power producing and selling company in 1973 produced as much as 90% of the total amount of electricity produced in Lithuania. After the decommissioning of the first block of Ignalina nuclear power plant, Lietuvos Elektrine plans to increase the production of energy in the future. In 2005, the company has launched large investment projects, the value of which exceeds EUR 240 million. Their realization will allow Lietuvos Energija to work with three types of fuel (natural gas, crude oil) without prejudice to the requirements of the EU environmental directives.
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