My relative’s estate holds a small parcel of Finda Oy shares. We received an offer for the shares, but before accepting it, I would like to understand what the fair value of the share is. Apparently, in the 2019 taxation, the comparative value of the share is €42.45; the offer we received is below this.
The company appears to have been a very good dividend payer; last year, €3.68 per share was paid, which
Privanet has a marketplace where those are brokered.
Currently, the selling price is €49 and the buying price is €48. The brokerage fee is 2%, however, a minimum of €30.
May I ask what you were offered?
And so, transfer tax must also be taken into account. There will be costs, but they are around 3% in total.
The offer was €40/ticket.
Well, that’s at least 5€ per share too little, because there was a 1000-share lot for 45€ on the buy side. With a little effort, the estate now has an opportunity to take better care of the assets than what your current offer is.
Finda, as a company, is in an interesting situation overall, because now that DNA’s shares have been sold, the company has to reconsider its operations. Transparency in these former phone companies is a bit hit or miss, which is why I haven’t jumped in.
E. And I want to explicitly emphasize now that 40€ per share is an outrageous price and a rip-off for inexperienced estates.
Findan’s fair value is at least 60 - 70 €. Management’s future task is to manage Finda’s investments so that the dividend machine generates 6 - 8% net return/year with a low unlisted company tax rate. If you think professionals can achieve better investment returns than you can, keep your money here 
It’s quite generous to call Finda’s phone patriarch club investment professionals. Overall, it’s somewhat questionable activity that the management refuses to liquidate the company and distribute the money to its owners now that there is no reason for its existence after the sale of DNA ownership. I understand that it’s nicer for the management to buy ownership at a rock-bottom price from estates and throw money at friends’ provincial projects. Unfortunately, the guys from Privanet are also known as stock manipulators, so it’s difficult to get rid of this stock at a fair price.
You probably wouldn’t get a fair price through Privanet. I would also be skeptical of purchase offers; you would likely get far too low a price per share. We have PHP shares and, through that, Finda, and people have tried to trick us with all sorts of “special purchase offers.” We investigated PHP’s assets and the number of shares and held onto them. Now we have already received more in dividends than the value of Privanet or the purchase offers sent to our home would have been. Hold onto them and enjoy the dividend stream. Alternatively, find out the share value through Finda’s assets. You could also try auctioning them on, for example, Tori.fi.
If you want to convert shares into cash, I think Privanet is the only sensible option. I personally owned Finda until the end of February, both personally and through an investment company. Over a couple of years, I received numerous offers from two different firms, whose offers were always about 6-8 euros below the offer levels on Privanet. On Privanet, the deals went through as they should have. The only major downside is the 2% commission fee. In addition, the buyer and seller split the transfer tax.
@Molskis06, can you elaborate on your reasoning for the fair value of 60-70 euros?
Let’s bring a reminder to this story every now and then: expectations are again high for a great dividend from Finda (8%?). If the brothers have managed the 1 billion cash portfolio from DNA as well as I have ( in this stock market environment, then there will be plenty of good progress for years to come. In Privanet, the price is 30% below equity. Could this continue to grow into a “great story” in the future?
As the one who started the thread, I ended up buying the estate’s shares. So, expectations for dividends are high here too 
Do you have any information on where I could find a news feed regarding FInnda???
Sincerely, “Guardian of the three RSP phone shares inherited by the mistress”
Must have been such a disappointment that you just left the info here? I’m surprised by the preliminary information myself. Oh well, at least they ended up in the black (probably 
).
The preliminary information seemed modest to me too. On the other hand, I don’t understand the finances of a pure investment company. If positions are not sold/lightened, then returns only accumulate from dividends?
For some reason, the last quote for Privanet has still risen to 54 euros.
It’s important to understand the Aurejärvi family’s investment profile here. They favor low-risk, low-volatility investments, which have underperformed in the last year. Given this background, the result is not surprising.
With Findan, you have to consider: 1. Do you let the “fund manager” take care of your DNA money’s investments, or do you handle it yourself? 2. Do you want to diversify abroad through Finda? 3. Due to very poor company communication, you are kept in the dark for a year at a time. 4. Is the management’s somewhat arrogant attitude towards owners permanent, or will we get promises of improvement at the spring general meeting?
Very well said. Especially point three is very accurate.
I wonder if we’ll get Finda’s financial statements and notice of the annual general meeting next week. There’s something to sniff out. I’m also interested in how the main owners or their own companies have accumulated more Finda shares during the year. That’s because they’ve enjoyed inside information, and we’ve been waiting for it for a year.