Rautanen is buying, while Vilen and partners are selling. The smallest additions are likely share-based incentives:
Mikko Mäkinen is also buying:
So, who should we follow?
More pleasant news flow from Inderes’ home market as Savox announced its IPO intentions this morning. Within just the last few weeks, Reaktor and KPY have also announced their plans to go public. Inderes has already produced videos with all of them, meaning customer relationships have been established. It was also nice to note the initiation of coverage for Framery.
These IPOs should also provide support for the guidance, which is weighted towards the end of the year.
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Public watchlists show that we already had all but one company from Evli’s coverage as analysis clients. Therefore, a major influx of new clients shouldn’t be expected. It’s a shame for the field as a whole; the entry of banks (with Evli being among the first back in the day) has raised the profile of the entire industry, which has been positive for us as well. There are certainly plenty of providers nowadays—almost all banks have introduced commissioned research alongside traditional coverage, some more actively than others. Many companies have taken on a second or even a third coverage provider from a bank alongside Inderes to gain more perspectives and reach the banks’ institutional target groups. By working together, both companies and investors benefit; growing the pie through the efforts of the entire industry has been more essential than competition.
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Follows is an announcement regarding Inderes’ investor relations events.
I will be ending my employment at Inderes on June 30th. In practice, this means that Inderes’ interim report webcasts and other IR events will change in terms of hosting, starting from the H1’24 broadcasts.
This represents a minimal change from the perspective of Inderes’ IR, but a fairly significant change in my personal life. I will be moving to Germany with my family in July and will become an independent consultant. For the time being, I will continue to collaborate with Inderes within the framework of marketing communications and advertising, but I will no longer be putting on the “earnings suit” — at least not for the next couple of years.
I primarily want to thank and tip my hat to Inderes’ wonderful, active owner community. Thanks to your activity, every one of the 19 (if I counted correctly) interim report broadcasts so far has been a genuinely interactive occasion that cannot be fully scripted. and that is saying a lot. My humblest thanks to those of you who have participated in these events and made them, among other things, fun, exciting, intense, and joyful. And thanks also go, of course, to my earnings studio partners; the company’s CEO Mikael Rautanen and CFO Mikko Wartiovaara. Thank you for these colorful years!
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Auroora Yhtiöt has now also joined as an analysis client, following Posti and Framery. The product continues to sell well, and a high percentage of new listed companies are being converted into clients. Now we just need Nokian Panimo to join Inderes since Evli discontinued coverage, along with the new additions KPY, Savox, and Reaktor once they complete their listings. Eagle Filters Group could also finally purchase analysis; since their order backlog is in good shape and the outlook is strong, now would be a good time to gain some visibility.
In any case, this provides further support for the guidance, which is weighted towards the end of the year.
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