Category Archives: Portfolio update

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

Ups and downs

Time for the yearend report – Ups and downs in February

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The past two weeks have had its ups and downs. These weeks are really the high season for companies announcing their yearend report, but also other news have had their impact. From an investors perspective some has been good and some has been bad – but among the bad, hides a one that is really bad, almost catastrophic. I will come back to that later. Continue reading

Portfolio update: What a beginning of 2018!

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Two weeks back I made a post on the portfolio development last year. The conclusion was that only three shares out of 13 moved up last year. The three worst performing shares all dropped 80-90 %. Now it seems that they many of the shares have started a comeback. This year in other words, have had a terrific start. Continue reading

Hexatronic Group – New in the portfolio

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This week I added Hexatronic Group to my portfolio. Compared to the portfolio Hexatronic is a mature company. Net revenue is 891 MSEK, profits of 42 MSEK, and an EBIDTA-margin of 9,1 % (latest full year report). Hexatronic is in the same industry as Waystream, as I added to the portfolio two weeks ago. The difference is that Hexatronic delivers the passive parts, fibre optic cables, duct, splice boxes etc.. Waystream delivers the active parts of fibre network (routers etc.). The two companies therefore complement each other rather than being competitors. Hexatronic is listed at small cap on Nasdaq Stockholm. Continue reading

Three reports in line with expectation – and slaughter of Dignitana

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This week the Q3-season began. There were report from Fortnox, Heliospectra and Recyctec. Fortnox showed strong growth both in terms of turnover and in terms of profit. Heliospectra had a strong order intake and moves in the right direction with rising turnover and falling loss. Recyctec announced a few days before the report that the company will run out of cash in December. Recyctec also announced a revision of their prior financial targets. Both Heliospectra and Recyctec rose slightly after their reports. Fortnox are up 9 %. Dignitana is quite another story… Continue reading

New share in the portfolio – Waystream

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This week I added Waystream to my portfolio. Waystream offers services in a field not covered by other companies in the portfolio, fibre broadband. The share is listed at First North in Stockholm since November 2015. In terms of my EGS-model, the company combines market acceptance and has almost reached breakeven. In that respect Waystream mostly resembles Fortnox, the most mature company in the portfolio. First, I will make a short presentation of the company and then I will come back to my reasons for adding Waystream into the portfolio. Continue reading

Portfolio overview Q317

Towards the end of Q3 – portfolio overview

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A portfolio overview here at the end of Q3 would be appropriate. It will indicate what to look for in the upcoming Q3 reports. The past months have been rather quiet and except for BrainCool, only minor news have occurred. Nevertheless the next months might give some answers. 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