Rally in BrainCool

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During 2018, there has been a steady news stream from BrainCool. Despite this, the share price have gone down for the better part of the year moving from 8.77 SEK in the first week of January to the low point at 4.9 SEK in July. Since then it has recovered and during August and September held ground between 6 and 7 SEK. Then suddenly on October 1th, a rally started and in three days, it jumped no less than 79 %, from 7.0 SEK to 12.4 SEK. Continue reading

Fortnox report

Fortnox a silent winner

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My best-performing share the past two years are by far Fortnox. At the same time, the Fortnox share does not attract much attention in forums and elsewhere investors discuss their investments. Probably because the news flow is low. There is a report, then three months later another. During these three months, the only thing that had happened is that Fortnox earns more money, acquire more customers and have a better marginal. That is why I think of Fortnox as a silent winner. Continue reading

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