Hanza released a really good report, at least in the eyes of the market. The share price is up about +16%. However, it is fluctuating wildly back and forth. A very nice thing from Arvo’s perspective. The value of its Hanza holding rose quite nicely today.
Arvo’s financial statements mention: “Arvo thus became one of HANZA’s largest shareholders with a stake of just under two percent. The 896,806 shares owned by Arvo are subject to a fixed-term lock-up period.”
Currently, Hanza’s share price is up +21 SEK, meaning from Arvo’s perspective:
896,806 x 21 SEK = 18,832,926 SEK in profit (repeating that the price is fluctuating wildly). Translated into euros, this is €1.76M.
Hanza is raising its dividend significantly from a year ago: “The Board of Directors proposes a dividend of SEK 1.50 per share (0.80)”. This is a great thing for Arvo and its owners, especially for those chasing the cooperative interest. Arvo will receive 1,345,209 SEK in dividends from Hanza, which at the current exchange rate translates to approx. €126,000.