Jussi Halme has made a pretty good video about Aspo. 
When a nearly hundred-year-old listed company decides to split itself into two parts, investors should take note. Aspo is not just any diversified conglomerate – it is a company that has navigated through history, crises, and strategic turns, and now wants to tell a clearer story to the market.
In this video, I delve into Aspo’s Q3 results, which may not have been headline-grabbing, but reveal something essential: the company is preparing to build two of its segments, Telko and ESL Shipping, into potentially independent listed companies.
I go through Aspo’s third-quarter figures, assess the performance of the segments, and explain why this split could be exactly the right move – or why the market might never fully value it.
What does this mean for investors? Is the conglomerate discount finally breaking? And what risks are associated with the separation?