Has anyone considered whether there could be a Tecnotree-like offer at some point, or if a competitor might be interested? It is, after all, the fourth largest player in its field in Europe.
It can be bought quite cheaply now if you trust that better times are coming. Trading at the price of just one of its parts right now. For example, the Tran Am deal.
At this valuation, my investment case is sort of based on it being bought out. So, yeah. I don’t have much faith in “better times,” but rather that someone will snap it up from the exchange. Or well, actually, I believe that these could be quite good times for the company right now, but in the long run, I don’t have much confidence.
I don’t think a direct competitor would be interested in buying even if they could get it “cheap.” Pierce could potentially be a buyer if they undergo a strategic shift and want to enter the B2B sector.
Foreca has written an article about the snow situation in Finland:
So, quite good in the north, but weaker in the East and Central regions. Unfortunately, the forecasts also show the same trend continuing, so it looks like snow conditions won’t provide any tailwinds for Duell this year either.
“Kill tax” stifles sales of new bikes – Could the Norwegian model save the industry? | Kauppalehti
He points to the Norwegian model, where the tax was lowered and the growth in sales increased tax revenue as well as service and equipment sales.
I think this would make sense.
The liveliest December in three years in retail for categories relevant to Duell:
It’s still quite subdued, though.
A big surprise for me that Motorsport was picked up for the Christmas stockings so well.
I was under the impression that things would only get gloomier. Positive for once.
Data also came out from Sweden and Norway today:
In Sweden, the statistics only show turnovers for sports stores and bicycle stores. A slightly subdued December there:
In Norway, on the other hand, there was strong growth of over 20% compared to last December in categories linked to Duell’s business:
Finally, Petri Kajaani’s and Twin Engine’s confidence in Duell is starting to crack, and they reduced their holdings slightly:
Suida-invest also sold their holding of just over 20k shares.
There are no particularly interesting buyers on the list right now.
Tuomo Haaksi from Tuomon Pienkone Oy increased his ownership. Apparently a customer. It’s good that the business looks good enough to someone that they dare to invest.
Institutions or other larger investors aren’t interested in this stock at all. And I’m not surprised, unless the business performance improves.
Massive losses for Petri here. Been involved since 100 euros. Wondering where the confidence stems from?
Oh boy.
It hasn’t snowed for a long time almost anywhere (and none is really forecast), which has caused my outlook on Q2 to shift from optimistic to pessimistic. Previously, I expected Duell to exceed last year’s Q2 (€1.1m) and Tommi’s forecasts (€1m) for this year’s Q2 in terms of adjusted EBITA, despite the high inventory levels left over from last season, and to catch up with the guidance. Now, the risks of missing those figures have increased due to the poor development of the snow situation. Overall, risks are rising again as the expected recovery isn’t getting any support from external conditions and is being pushed back yet again. Inventory levels, covenants, etc.
Due to the snow situation and/or other reasons, the recent registration statistics give no cause for celebration.
Only 443 snowmobiles were registered in January, which is a drop of as much as -38% compared to last January. All in all, a dismal figure.
The trend for tractors is steadier. ATVs are mainly registered as tractors.
Motorcycle registrations in January were relatively normal. Although this is the off-season, so it has very little significance for the overall picture.
It’s always possible that the reasonable snow situation in December and January, as well as good development in other countries, will mask the snow problems, allowing for a decent Q2. Otherwise, hopes for improvement will be pinned on Q3.
This company’s bad luck is just unbelievable. Always something.
Years of trudging along.
Major change in next week’s weather | MTV News
Now, now we’ve got snow coming and lots of it. Too late, someone’s already saying? Well, in principle you can ride snowmobiles until April.
It’s too late. We’ll be able to close the gap a bit, but the gap is likely too large.
Estimate released: Maintenance fees are rising | Kauppalehti
A massively snowy winter, so maintenance fees are rising. There are many points of view.
“Even in the south, we’ve been able to enjoy a proper winter, freezing temperatures, and snow. And that, of course, brings costs to the housing company,” Koivuniemi said.
Cold weather is reflected in heating costs and snow in the maintenance of yard areas.
