Monthly Archives: June 2017

Year-end report from Phase Holographic

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The year-end report from Phase Holographic contained no surprises. Sales were only 11 % higher than last year, which still places break-even in a distant future. What makes the year promising is the fact that the company has strengthened the product verification, gross margin has gone up, and a sharp increase in number of scientific research projects reporting the use of the company’s HoloMonitor. From an investors perspective the past year has been fantastic. Last year the share closed at 24.30 SEK on the report date. This year it closed at 54 SEK – up 122 % the past year. Continue reading

Recyctec

Insider buying in the portfolio

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During the week, I decided that I would make a review on insider trading in the portfolio. It turned out that the majority of the insider transactions was part of the preferential rights issues. This goes for A1M Pharma, BrainCool and Cantargia or as part of an options programme (Phase Holographic). In AroCell and Fortnox, newly appointed managers bought a number of shares. Continue reading

CybAero

CybAero in a crisis – almost a copy-paste post

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Last year in May, I wrote a post on CybAero and the difficulties the company face. Now thirteen months later I could re-publish the post with a few alterations of names, dates and amounts. It would still pinpoint the situation – and the company’s problems.

The year-end report came this week with remarks from the auditors. The remarks were exactly the same as last year and concerns the value of three delayed systems for the Chinese customs. Continue reading

Recyctec

Investor confidence on a late Friday afternoon

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The first Friday of June was odd. There were two announcements in the mid-afternoon, affecting share prices. Both said something on investor confidence. They probably came out late in order to minimize the effect on the share price. BrainCool announced the outcome of the preferential rights issue at 14:30. Shortly after Recyctec lost 15 % of its value due to lack of investor confidence following an announcement half an hour later. Let’s go by alphabetic order today. Continue reading

Ups and downs

Dignitana in a roller coaster

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Since the report came on May 24th, the share price of Dignitana has been up and down. The week before the report, the level was round 14 SEK after the report it went as low as 10.95 SEK (-22 %). Over the first days of June, the price recovered some and closed at 12.45 SEK on Friday June 2th – still 11 % down since the report.

Last week I wrote an update on the report. My conclusion was – and is – that it was a fine report. Growth are on track and the company has secured enough cash to continue through bank loans.

Then why are the share loosing height? I see three possible explanations. Continue reading