Monthly Archives: October 2016

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