Here are Petri’s comments on the HR services industry in February. 
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The same chart appeared twice, when the intention was probably for the second one to be a 12-month curve.
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Thanks for the attention, correct observation. It’s now fixed!
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This may not be directly related to eezy but to rights issues, but let’s clarify anyway.
I subscribed to x% of the maximum new shares because I couldn’t afford more with my buy order. Is it true that the rest cannot be subscribed with another subscription? So it’s a one-time subscription and then the remaining rights have to be sold?
"The subscription period for new shares begins on April 1, 2026, at 9:30 AM and ends on April 16, 2026, at 4:00 PM. The company’s Board of Directors is entitled to extend the subscription period. Any extension of the subscription period will be announced by a stock exchange release no later than April 16, 2026.
Fractional new shares cannot be subscribed, nor can the subscription right be partially exercised. After the end of the subscription period, unused subscription rights will lapse and will be removed from holders’ book-entry accounts without separate notice or compensation."
As I understand it, you can subscribe to a portion of the shares now and the rest later. If you use half today, then tomorrow you should have half of the subscription rights remaining, which you can use as you wish. So, you can also use them within the time limits.
To be sure, you should ask your broker.
I sent a question about this to Nordea. Every broker must, of course, have the same rules for offerings, but as a beginner, I don’t know if all offerings have the same practices among themselves.
I just added money to OST and was able to subscribe for more new shares without subscription rights (as a secondary subscription). At least the money went through.
I can no longer subscribe for new shares a third time. I have unused subscription rights, which I can sell on the stock exchange. Similarly, I can buy more subscription rights. And with those, I then get the right to subscribe for more new shares? This really feels confusing for a beginner.
A moderator could move this to the Q&A thread.
The secondary subscription is for shares that may be left over from everyone (or not), i.e., when subscription rights remain unused. If you don’t modify your subscription today, you’ll likely have half of your subscription rights left tomorrow, which you can still do whatever you want with. Additionally, you’ve subscribed for half of the new shares and participated in this secondary subscription, from which you may get more shares, but that will become clear later. The money from the secondary subscription will be refunded based on how many shares you received.
Yes.
I made the first subscription on April 1st, where I subscribed for 35% of all my rights. I can’t find a button anywhere in Nordea’s service to modify the subscription. Let’s see what tomorrow brings.
One has to wonder about the 15-20% price difference between the old and new shares, practically for the same stock. Efficient markets certainly don’t apply to this stock. This pattern seems to repeat often in these smaller company offerings; the price gap between different (of the same company) shares probably narrows as the merger of shares gets closer.
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Now the permits for possible 30/50% limits / redemptions have been granted to the guarantors for this issue.
The Financial Supervisory Authority has granted Sentica Buyout V Ky, Sentica Buyout V Co-Investment Ky, and persons acting in concert with them a permanent waiver from the obligation to make a mandatory public tender offer Finanssivalvonta on myöntänyt Sentica Buyout V Ky:lle, Sentica Buyout V Co-Investment Ky ja niiden kanssa yksissä tuumin toimiville henkilöille pysyvän luvan poiketa velvollisuudesta tehdä pakollinen julkinen ostotarjous
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Today is the last day to sell your badges if you’re not going to use them. You can still mark them until next Thursday (4 PM).
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A good reminder, but I would rephrase it: Today is the last day to buy subscription rights if you want to subscribe to shares at a price of €0.1.
The pricing of the subscription right, the new share, and the old share is not efficient, and many have apparently arbitraged it. Currently, the new share can be bought at roughly a 1:1 price with the subscription right, but the old share is trading at its own prices.
I will watch until the very end to see if I can get the subscription right at a significant discount before the decision. I already bought one batch earlier at a suitable price of 0.03x.
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On Friday, over 3% of Eezy’s old shares seem to have changed hands in a single block trade:
Based on the ownership list from March 31, potential sellers are quite few:
With the exception of Evli (and Enska’s nominee registration), the other entities owning that amount are involved in the subscription guarantee. The trade was brokered by OP, which doesn’t really fit the picture either. Sentica, on the other hand, might have moved shares from one portfolio to another, who knows?
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Based on today’s flagging notifications, the seller was likely Evli’s (Evli) funds and the buyer was Mauno Savolainen, the founder of Eezy’s predecessor VMP.
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Mauno has really shaken things up in April, as their name was not on the list of the top 100 owners at the end of March.
After the share issue, this flagged ownership will dilute, but it will be interesting to see later if Mauno also participated in the issue.
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Meissa-Capital Oy and Svp-Invest Oy are Mauno’s family companies, and Paul is Mauno’s son.
So Mauno is strongly involved in the offering, at least through the companies.
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What explains the rather large price difference between the old and new shares at the moment? The old one is sold for 17 cents and the new one can be bought for 11 cents?
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There isn’t much of the old stock available, and as such, the trading volume is only about €4300. Just noise, then. The new stock reflects the true level. Of course, if someone still has the old stock, it’s worth selling it now that the new one is cheaper. Otherwise, you won’t be able to benefit from it.
It’s also a bit puzzling why on earth someone (apparently Mauno) bought old stock at such a price through a block trade.
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What is the definition of “real level”?
The new share probably has a lot of very short-term owners (traders) selling, who should be able to make quick profits from that level too, by default.
In my opinion, the real level will only become clear once the shares have merged. And even then, it’s worth noting that the real level at that moment will be temporarily burdened by the selling pressure of traders who participated in the offering.
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The real level is probably future cash flows, but I didn’t mean that, rather that after the shares are combined, the price will likely move closer to the price level of the new share, because there is now more efficient pricing. Of course, anything is possible, but for example, in the recent past, there has been similar confusion around the old share in Finnair’s, Duell’s, etc. offerings. At least smart money is not on the buy side in the new share when the old one can be bought so much cheaper.
Of course, there is room for upside in that valuation, so I wouldn’t be surprised by the price levels of even the old share.
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