That was quite an earnings beat. The report tried to temper expectations by saying that Telko’s high Q2 profit level is unlikely to be maintained, but regarding the rest of the year, it is positive that the higher oil price level will apparently be reflected in the bottom line in the coming quarters as well (Brent, mentioned as an indicator to watch in the webcast, is still +12% YoY this far into Q3).
Insiders were loading up at these levels last year, so it remains to be seen if the buying continues now that the plan to list ESL has been revealed, or if there are still other insider projects underway to sell ESL.