heliospectra-issue

Heliospectra issue

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Heliospectra announced a preferential rights issue in October. This came as no surprise since the Q2 report showed that cash was running low. Users on Twitter and elsewhere following Heliospectra also knew why: Heliospectra is very active promoting their lighting systems at messes, conferences, and investor meetings. Being active costs, but it will probably pay off. Continue reading

CybAero issue

CybAero issue complete

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Well, the CybAero issue is complete. The subscription period ended on the 4th. On the 10th the result came: current investors subscribed for a little less than 50 %, outsides subscribed for 2 % and guarantors covered the remaining 48 %. In other words, the issue was far from fully subscribed and the amount raised is only 90 % of the amount planned. Continue reading

Fortnox report

Fortnox Q3 – super report!

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The Q3 report from Fortnox came on Tuesday 18th. It was fine and even slightly better than I expected. In short the report showed continued high growth, improved and rising margins and the best result ever. After the turmoil following the bid from Norwegian company, Visma and the disagreements within the board along with it, the sun again shines in Vaxjö. Continue reading

Report season

Report season

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The companies in the portfolio have matured over the past year. Rise in turnover is more a topic today than a year ago, and sales becomes increasingly a share price driver. Having just ended third quarter, the report season is up and interim reports will soon start ticking in. In general, smaller companies report later than large cap companies. The majority of the companies in my portfolio will report in the last half of November. Only Heliospectra and Recyctec will report in October. Continue reading

Portfolio performance Q3

Portfolio performance Q3

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This quarter is the first quarter of 2016 where the average price of the portfolio has gone up. Not much, only 3,4 % compared to a overall portfolio performance of -23.1 % in 2016. The best performing share is Fortnox, fast recovering after the failed take-over bid from Norwegian-based Visma. Fortnox is up 46 % in Q3. The worst performing share is by far CybAero. Q3 more than halved the price of the share. CybAero is down 52 %. The reason is the issue announced mid-September. Continue reading