Dovre Group - Snow work and cod

Well, a losing lottery ticket for the portfolio.

https://www.kauppalehti.fi/uutiset/a/b9b98777-8df8-4ef0-b67c-a46c37b3dafc

I sent these comments to a friend (who bought this first and I followed a bit later for a swing trade before Christmas):

“That Dovre might be a total wreck, but I can’t be bothered to read through it.”
“As long as it doesn’t go bust / to a rights issue before I can catch a dead cat bounce in January.”

Well, I once got some good gains from Lehto in a similar situation (though I didn’t realize how acute Dovre’s situation was), and sometimes you win, sometimes you lose. It’s a bit annoying that Summa, a similar swing target, shot up +100% at the same time, but I considered Dovre more reliable than Summa since the former has actually had some real business at some point.

2 Likes