Aspo’s CEO has bought several batches of shares after the earnings release. Last week, after years, I also opened an Aspo position myself, as well as positions in Lassila & Tikanoja and Talenom. The reason is the companies’ probable future spin-off, which, based on my own statistics, has unlocked shareholder value in Finland in 95-100% of all cases and within a reasonable time after the spin-off.
Often, the spin-off has also been front-run with a share price increase, once the spin-off has received a precise timetable and confirmation. These three shares are therefore primarily investments based on statistics and probabilities, and I group them into the same basket at bottom prices and with relatively moderate valuation multiples, rather than taking a stand on the general situation of the companies themselves.