You can’t really praise the performance here for much else besides VideoSync, but there’s no need to start throwing stones either.
The ball has been tossed to the board regarding share buybacks for who knows how long (I can’t be bothered to check), and it’s great that the ball has finally been caught and funds are being directed that way. Personally, I would have launched an even more aggressive buyback using debt as well, but I understand why the company acts a bit more conservatively than the average retail investor. ![]()
As for the criticism regarding the wording of the buyback authorization, it’s more than sensible for the company to keep its options open; if something happens where these could be used for something other than cancellation, they won’t have to wonder about it then—though one could always just print more shares at that point anyway. If the shares end up in the shredder as expected, the distribution of profit doesn’t happen at the shredder at that moment, but at the moment the shares are bought back from the exchange.
“It’ll turn around next year” and “kicking the can” seem to be the trend in almost every analysis, but maybe Inderes will set an example for its clients this year and get the top line growing.
On the Swedish side, it would be desirable to finally achieve something concrete, as they’ve been operating there for several years now and you can’t hide behind a “different corporate culture” forever. One has to hope that the EU Listing Act regulation will provide some tailwind for this.