Portfolio H1-18

Portfolio performance first half of 2018

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First half of 2018 have been exiting. During the first six months one share have more than doubled and one almost – and in the other end of the lane, one went bankrupt. It is the first time I experience a company going bankrupt as investor. I was not exactly surprised, as trading has been on halt for many months. Nevertheless, it is sad.

Above is the portfolio development during H1. As OMX SPI shows the Swedish index was almost flat (+0.9 %) during the period. Compared the portfolio on average went up 4.4 %. Continue reading

Dignitana share price

From large to small – the role of Dignitana in my portfolio

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Dignitana was for a time the largest position in my portfolio. It is not anymore, despite the fact that I hold approximately the same number of shares as before. The share price at all-time low and the company is struggling to achieve the necessary turnover to be profitable. In this post, I sum up the development that Dignitana has been through the past three-four years to give an idea of where to go from here. Continue reading

Hard and unjust punishment of Nexam after Q1 report

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The Q1 report from Nexam came on Wednesday. This is the first report for a full quarter after the acquisition of Plasticolor. Of course, this makes comparison difficult. Nevertheless, I cannot find reason in the report for a 9.4 % fall. The market reaction seems both hard and unjust. Continue reading

Hexatronic

Strong quarter for Hexatronic despite hard winter

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The Q1 report from Hexatronic came out Friday last week. Traditionally Q1 is the weakest quarter. Furthermore, Easter was in Q1, which affects revenues negatively. And it has been a harsh winter. Nevertheless, Hexatronic came out with a 16 % growth and higher profits compared to Q1-17. I added a few more shares after the report. Continue reading

Heliospectra

Heliospectra moving fast

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Heliospectra has been busy making contracts in 2008. The past months Heliospectra have announced a number of orders and the growth continues. Besides the high number of announced orders, the average order size are considerably higher than in 2017. If the pace continues, the quarterly reports will be major share price triggers throughout 2018. Continue reading

CybAero in the clear?

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Shortly before Easter CybAero announced a financing agreement with a London-based company, Alpha Blue Ocean. This agreement gives CybAero access to (up to) 52.5 MSEK in 13 convertible loans. The day after, March 29th finally came the postponed year-end report, showing a loss of 155 MSEK after tax. I still wonder if this Easter 2018 was an (crash-) landing site for CybAero – or a take-off point. Continue reading

CybAero: Skeletons falling out

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CybAero made headlines. A week ago, March 19th, the Swedish newspaper Svenska Dagbladet, SvD had a front-page story about CybAero. The angel was that the company covered shortcomings in a naval test of its drones. Instead, CybAero issued a press release telling that the test was a success – and the share went up 14 %. This happened in May 2016. Continue reading

Recyctec

Recyctec at the observation list

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Currently two companies, Recyctec and CybAero of my portfolio is in trouble. This is the first time as investor I have experienced possible bankruptcy. Of course, I knew it was a possible risk. The risk is even larger when investing in companies with no proven track record… And not even a product to sell. The companies are Recyctec listed on Aktietorget and CybAero listed on First North in Stockholm. Even though Recyctec is the theme today, I will shortly visit CybAero first. Continue reading