Incap warned a couple of times, starting from the previous interim report, that the beginning of the year would be sluggish. I listened carefully and internalized it, but I didn’t make the right moves.
Now Incap guides for a stronger year-end. I listened, internalized, and believe it this time too.
It’s hard to sit on my hands and watch the stock price melt, but one shouldn’t rush too much with these quality companies.
By the way, I liked the point in the Q&A section where Antti emphasized that acquisitions are not made just for the sake of buying, but to create value for shareholders. That’s how it should be.
On the Top100 list, familiar names with familiar-looking moves again. Fortunately, Joonas still believes in Incap, just like me.
These growth companies tend to be grueling to own as you always have to be on the pulse, even though most of the time nothing (acquisitions, positive profit warnings, negative profit warnings…) happens.
Have a good weekend and a candy day to Incap owners.. Let’s fill our portfolios with treats or at least hold.
Why do you, @belfastinbingviini, specifically bring up Joonas’s additions from the owner list? Joonas was very accurate in his recommendations regarding Incap when he worked at Inderes? I don’t know the history, so it’s a sincere question.
Does anyone want to start a petition for Incap to change their homepage and make it look a bit more professional
Every time this quality company comes up in discussion and someone whos never heard of it before goes to https://incapcorp.com/ they think I am joking.
@Samtheman2 koska Joonas on varallisuudestaan huolimatta minun silmissäni sarjassa piensijoittaja, hänellä on enemmän asiantuntemusta kuin minulla ja koska hän on muutenkin terävän oloinen kaveri. Samaa voisi sanoa @Verneri_Pulkkinen.
@grandmaster It’s funny that you brought this up. This has been bothering me for a while now. At first I thought these computergame competitions and incap rocks stuff were funny, then I questioned my knowledge and now I’m starting to question incap’s social media team. These first beards and flame hats modified as paint jobs by preschool kids are really funny memes, but can they affect the image of incap’s professionalism? I hope the incap social media team knows better than me.
From my experience, which is definitely different than Incaps as I’m mainly exposed to Finance, but still quite a big AUM - a lot of B2B relations.
Most of these deals happen through their own BD team meaning that ur average Incap customer will probably never even visit their website.
But there’s always some contacts happening via Website and I really want to echo from your message the “professionalism” point, from a branding & general communications view - it is definitely not a good look. Since this is the field where I started my professional career in now you’ve got me interested.
Lets take a look at their competitors:
https://kitron.com/ - awesome website, straight to the point, all EMS. Copy / Positioning is almost same but visually levels ahead.
So, my takeaway here is that there is A LOT of room for improvement. Their approach definitely has its own spot and place, mainly internally HR-wise to show company culture and on social media as well, but in my opinion, not on the landing page of their website.
Incap is at least actively seeking the right company. Hopefully these meetings will still yield something concrete, and preferably as soon as possible!
A notable trade right from the morning in Incap shares, as 100,000 shares changed hands instantly.
Edit. Incap is the third most traded company on the Helsinki Stock Exchange, and shares have already been traded for 5.3 million euros today! That’s certainly not an everyday occurrence. The price at which the shares are now trading certainly doesn’t please the penguin.
Was anyone there and could shed some light on what was discussed? Is today’s high volume and the 2% drop in the share price related to that event in any way?
Nothing particularly special was said about me there. Perhaps, from a shareholder’s perspective, regarding dividend payments, it was discussed that substantial capital has accumulated, but they want to keep it in cash for a potential acquisition.
This traditional discussion about dividends or no dividends is exactly what I was waiting for, and who knows, maybe this would be a trigger for Etola? or Kakkonen? (few people can sell 500,000 shares a day) to offload shares and grab some dividend-paying company instead? Etola just increased its ownership in Aktia, and the shares are roughly the same price. Hard to say about these things…
I advocate for acquisitions if good ones are in sight, but if nothing starts to happen, then a portion of that 77 million euros could be distributed to the owners.
I personally don’t believe that either of them would be after these “small sums”, but Incap’s list of largest owners probably updates quite quickly, it would show up there soon.
At the meeting, if I recall correctly, approximately 12 million shares were represented, and none of them opposed the board’s proposal. Of those who voted in advance, over 30% of the votes were in favor of it. Thus, 70-80% supported or did not oppose the non-payment of dividends.
From the financial statement: “Incap focuses on organic and inorganic growth, and the company has a clear plan for potential acquisition targets. For this reason, the Board of Directors of Incap Plc proposes to the Annual General Meeting that no dividend be paid for the financial year 2024.”
I personally like Incap’s choice to invest the money back into its own business
Even more, I appreciate the clear communication, where they explain what they are doing with the money. You definitely shouldn’t jump on the dividend train if you want to receive dividends.
It may be that one day Incap will become a dividend payer, but that day is not today. Presumably, all owners know this.
AAT invest has stepped on the gas even more. Became a TOP 5 owner in Kertsheitto. Now there’s plenty of room for speculation about what’s behind this. Is it just a pure bet on a future price increase, or does the Norwegian know something more?
Propably not looking good in the eyes of a potential customer. I first thought I had the wrong URL…
