Voxtur, Hyzon, Intellego, and other hype stocks bring color to the forum discussions. Practically no discussion at all is generated about companies like Viafin, HKScan, or heavy engineering companies, which have actually performed quite well, because they are just so damn boring.
I have been following the Optomed thread myself, which could be one example of this phenomenon. I dumped my shares of this out long ago (fortunately), as the company’s excuses seem to go on and on and the direction simply doesn’t improve, even though they hold a world-shaking, hocus-pocus AI screening camera. There still seems to be plenty of faith and rose-colored glasses!
The Intellego case was an even more interesting affair. A few investors buzzing on X pumped the company, and one Swedish investor reportedly lost even millions of euros when the case was exposed as a scam. Short reports came from here and there, and reading them was like drinking tar for a true believer. The cash flow was dismal, which the bears warned about, and even that meager cash flow later turned out to be largely financing for fabricated sales invoices. The grand finale was simply legendary: a mysterious trading halt one morning before the market opened, and a few hours later, news broke that the CEO had been taken in. Wow, how could such obvious warning signs be brushed aside for so damn long!
This meme describes well how I ended up as a member of the Inderes community.
[quote="vilkar, post:6265, topic:71919"]\nThe Intellego case was an even more interesting situation. A few investors buzzing on X were pumping the company, and one Swedish investor reportedly lost even millions of euros when the whole thing was exposed as a scam. Short reports came from here and there, and for a faithful shareholder, reading them was like drinking tar. The cash flow was atrocious, which the bears warned about, and even that meager cash flow later turned out to be largely for financing fabricated sales invoices. The grand finale was truly legendary: a mysterious trading halt one morning before the market opened, and a few hours later, news broke that the CEO had been taken away. Phew, how on earth could such obvious warning signs be ignored for so damn long!\n[/quote]\n\nIntellego was a good lesson that anything can happen. On the other hand, it’s deeply tragic that the scam got this far. Many others besides the CEO belonged in prison, the auditor for one. The accounting firm’s licenses could also have been suspended for, say, ten years.\n\nIn light of the numbers, opinions on the investment might have varied, but few probably believed a listed company would outright lie, and do so so skillfully that the company was apparently even chosen as the Growth Company of the Year in Sweden. The jury must be endlessly proud of their choice. Even though I came out of this with a profit, I truly hope this goes down in history as the only stock investment where yours truly was taken for a complete ride. Somehow I managed to believe the reported figures and the CEO’s logic. I didn’t recognize the guy as a cult leader who, after charming the congregation, got his disciples to jump off a cliff just moments after he had done so himself.\n\n[quote="vilkar, post:6267, topic:71919"]\nEven if I had made a profit on that, once the company was exposed as a fraud, I couldn’t really have congratulated myself on a good investment even if I had managed to sell the shares before the house of cards collapsed.\n[/quote]\nDefinitely not
Same thoughts here. The company’s business strategy seemed even quite smart, at least to a layman like me, especially since industrial giant Henkel had provably bought the company’s products. However, those figures also featured that notorious “exaggeration” (Lapin lisää) — and not just a little bit, but an insane amount.
Even though I would have made a profit on the trade, once the company was exposed as a fraud, I wouldn’t really have been able to congratulate myself on a good investment, even if I had managed to sell the shares before the house of cards collapsed.
[quote="Verneri_Pulkkinen, post:1283, topic:26423"]\nBlummalta näkyy 94 analyytikkoa tunnetuista JP Morganeista aina obskyyreihin asti, kuten “China Merchant Securities”\n[/quote]\n\nChina Merchants Securities is an asset manager and investment bank listed on the Shanghai and Hong Kong stock exchanges, with a current market cap of just under €20 billion. \n\nThe company is also part of the much larger China Merchants conglomerate, founded in 1872 and with a rather complex-looking structure, which has approx. €112 billion in revenue, a €2 trillion balance sheet, and 230,000 employees. There are about a dozen listed subsidiaries, the largest of which by market capitalization is CM Bank at €136 billion.
Try buying a reusable bag just for kicks and use it at the store a few times, and see if you ever feel like buying a single plastic bag after that. That’s exactly what happened to me: once I bought my first reusable bag, I haven’t bought a single plastic bag since, and that was almost 10 years ago. I can also recommend using a reusable bag for sports; it’s really handy for putting in stuff you might need at the gym, for example.
Heh, well described, and I admit that I would be wealthier if I had never stepped foot on the forum and had just stuck with mutual funds. Got in during the COVID era, and the biggest gains came from Lohilo protein ice cream, though looking back, I don’t understand myself either what that massive hype was based on. With many other hype stocks, it went the other way around.
Then again, without stepping onto the forum, I would have been completely clueless about valuing my employer’s company when buying a small stake, and my general understanding of economics would also be considerably weaker than it is now. I’m certainly no financial guru still, but that understanding has inevitably grown over the years.
As an old tech pessimist, it just makes you think that the rain made in one place is then taken away from somewhere else. How long until people are fighting wars over the neighbor stealing their rainwater?
[quote="Ummon, post:6256, topic:71919"]\nNexstim. 70 MEUR market cap and the best financial year result ever 1.3 MEUR four years ago.\n\n[/quote]\n\nUnusually brazen overvaluation. Good thing the rearview mirror was invented so we can see into the future .\n\nRevenio in 2010:\n\nMarket cap: 23 MEUR\n\nResult: -0.5 MEUR\n\nBoth are similar heaps of junk and crap setups .\n\nHave a great rest of the evening
It’s exactly crap like this that scares me, when I’m already almost convinced that behind Europe’s continuous droughts and heatwaves is some sort of industrial process and/or deforestation on the other side of the globe.
Usually, cloud seeding has maybe been an oligarchy thing so they can have a nice day for a parade… But once private companies that know how to snatch rain out of the sky on a regular basis become widespread, it’s eventually going to lead to some kind of war over rain clouds too… Good thing Finland typically has plenty of water…
Is anyone coming to the Helsinki Stock Exchange (Pörssi) open doors event at Pörssitalo today? Traditionally a good event that gives inspiration for your own investing.
I’m personally interested in at least Framery and Posti among the companies presenting.
It’s no use trying to spin black as white, you were completely wrong here and just went with the sentiment. Of course it’s hard to admit being wrong, but you could perhaps be a bit less arrogant.
Fortunately, @MoneyWalker wrote an insightful post in the thread, even though the external pressure to conform with others was strong. Perhaps because of this, at least some investors refrained from selling at the bottom or joined in at the right time. In my view, this is the exact trait that generates returns, as was evident here too.
Well, I suppose the schedule estimate needs to be revised a bit. If we keep going at this pace, Helsinki’s turn could be just a couple of years away, provided the permits get sorted out.
Do you think Waymo is going to start operating a massive taxi network themselves? I would imagine they are just developing the technology and will then license it to someone else. It probably doesn’t matter to the consumer, but I’m just wondering how the whole thing will expand elsewhere. I would still imagine that Berlin’s purpose is more about testing, data collection, and development rather than trying to make a profit. But do they intend to do the same in many other European capitals on a relatively quick schedule, or how will this progress?
Q4 2023 revenue €22.2M; cash €20.8M\nQ2 2026 revenue €19.8M; cash €20.6M\nDividends distributed in between: €0.4M\n\nI don’t think there’s been much left in the investor’s hands from Tecnotree, and the Inderes forum, Helsingin Sanomat (Hesari), and the Financial Supervisory Authority (Fiva) rightly put pressure on Tecnotree and its management. I’d like to believe this also had some impact on the company’s own operations. At least they’ve dropped that entirely self-invented Gross Operating Cash Flow line from their recent interim reports and surely pay more attention nowadays to ensure that incorrect figures are no longer published in Finnish in interim reports. Of course, you can make money with any company if you buy low and sell high, and a dismal company can also be a good investment in this case. Indeed, some investors made huge returns on Enron as well. Personally, I have a successful Talvivaara trade under my belt, which is probably pretty rare in Finland.
I would guess they will take on a partner. Waymo also uses Uber in the US. It could be an easy choice in Europe as well. Google’s willingness to invest might also come into play here. I mean, massive AI investments on top of companies like this that are, at least for now, unprofitable. Hard to say. I certainly hope the European expansion succeeds. It was such a pleasant and functional experience.
\n\nThe company is also part of the much larger China Merchants conglomerate, founded in 1872 and with a rather complex-looking structure, which has approx. €112 billion in revenue, a €2 trillion balance sheet, and 230,000 employees. 
There are about a dozen listed subsidiaries, the largest of which by market capitalization is CM Bank at €136 billion.
and in fact, everyone else following is also familiar from my thread, namely Jaakko, 
.\n\nRevenio in 2010:\n\nMarket cap: 23 MEUR\n\nResult: -0.5 MEUR\n\nBoth are similar heaps of junk and crap setups 
.\n\nHave a great rest of the evening 