Jussi Capital managed to sell almost 2.8 million shares in January, with its ownership stake now at 74.85%.
Addition: Something doesn’t add up on the ownership pages. Over a million shares should have gone to the hundred largest owners, but the ownership list doesn’t support that. Nominee-registered shares have only increased by 160,000.
Yeah, tomorrow is the company meeting.
Sounds like a pretty good report, Indoor Group probably gets rent reductions, net indebtedness -23%. All companies have healthy cash flow, equity per share 1.14€.
Invested in Sievi Capital today. Was a dividend decided at the Annual General Meeting?
Edit. I found the decisions now and the dividend proposal was accepted.
Indoor Group again the most trusted in Reader’s Digest survey
Survey of consumer trust in furniture brands
Finland trusts Asko, Sotka, and Ikea
Asko is the most trusted furniture brand in Finland.
The second most trusted brand by Finnish consumers is Sotka, and the third most trusted is Ikea. This is according to the Most Trusted Brand survey commissioned by Reader’s Digest (Valitut Palat) from the British research institute Wyman Dillon.
Asko was number one in the furniture industry trust comparison, Sotka second, and Ikea third in the survey conducted a year ago as well.
Isku also maintained its position in the trust comparison and again came in fourth. Fifth was now Jysk, which was sixth a year ago.
Masku was now sixth in the trust comparison, having been fifth a year ago. Vepsäläinen was now in seventh place, having been eighth a year ago. Stemma dropped to eighth now, having been seventh a year ago.
23.8 percent of respondents named Asko as the most trusted furniture store. The corresponding figure for Sotka was 18.6 percent and for Ikea 17.1 percent.
How the study was conducted
The survey is part of the annual Most Trusted Brand survey, which Reader’s Digest (Valitut Palat) commissioned from the British research institute Wyman Dillon at the end of last year. The survey was conducted as an online study, where 2124 people answered open-ended questions. The survey sample was drawn from Reader’s Digest (Valitut Palat) customer register. It was weighted by age and gender to correspond to the adult population.
Most trusted furniture chains in Finland 2020 (2019 in parentheses)
Asko (1)
Sotka (2)
Ikea (4)
Isku (4)
Jysk (6)
Masku (5)
Vepsäläinen (8)
Stemma (7)
Regarding Indoor Group, I’ve done some fieldwork, and what I’ve noticed is that furniture stores have been bustling with activity in their outdoor furniture sections. People have had the time and desire to decorate since they’ve had to spend more time at home.
I’m eagerly awaiting the CEO’s promised new acquisitions. In the latest Q1 interview, it was mentioned that prices haven’t yet dropped to “corona levels,” and discussions are ongoing. It would be great if we could take advantage of the discount sale caused by the coronavirus.
Suvanto Trucks has been struggling for a while, but could a turnaround be in sight now?
“– The reseller cooperation, which started quickly and strongly, has developed according to plan, and we are very satisfied with the achievements of Suvanto Trucks Oy.”
Hopefully, that’s not just a sales pitch.
Good point, topsu. My understanding is that new car dealerships have started off well, and that was one reason why Suvanto’s Q1 was better than its weak Q4.
I’ll still update my thoughts here. Päivi Marttila mentions in the Q1 interview that construction, and especially infrastructure construction, is important for sales of KH machines, so the government is nicely supporting us shareholders too 
Here are a couple of news items related to Indoor Group. First, the opening of a couple of new stores (1x Asko & 1x Sotka) announced in March for the upcoming autumn:
“Based on the surveys conducted, there is significant demand for Asko and Sotka’s offerings in the Porvoo area. In our fully renovated premises, we will offer the industry’s most versatile collection and most expert service. The displays of both chains will be implemented with our chains’ latest concept designs,” says Martti Toivanen, Director of Store Operations at Indoor Group Oy.
The Harabacka area in Porvoo is a rapidly developing commercial center with excellent transport connections at the intersection of the Porvoo motorway and access road. Several well-known retail operators are active in the area, including in hardware and construction, interior design, and car sales.
More recent news from May (22.5):
Indoor Group’s own sofa and mattress factory, Insofa Oy, has started manufacturing lightweight disposable face masks. The factory has the necessary expertise and equipment for manufacturing, as well as the capacity to produce up to 40,000 face masks per month. The factory’s established procurement channels have enabled the supply of European raw materials despite the difficult situation.
The main owner continues sales, used Nordea. In May, 500k was sold, today 62k was sold through Nordea. Due to selling pressure, the share price lags.
On the other hand, Oy Jussi Capital still holds 69% of the shares, so they can lighten their load a bit.
With a quick overview, it seems that especially the main owner’s sales are keeping the price down, but in terms of business, the situation could be quite good? Let’s see if I get excited to increase my ownership a bit, or if I’d rather wait in the stands and see how the markets react on the eve of summer. On the other hand, the price has indeed dropped and stayed at a level where it would feel relatively risk-free to add a bit more at these prices.
We’re slowly approaching the 50% mark 
What are you referring to here, @Olli2, if the main owner’s share of ownership were to fall below 50%?
http://www.jussicapital.fi/muut-uutiset/jussi-capital-oy-muuttaa-strategiaansa-liittyen-sievi-capital-oyj-omistukseensa/
i.e., aims for less than 50%
What if K2 now bought that 20 percent slice from Jussi Capital with the Revenio money?
Could someone explain the really low P/E ratio the company has had for a few years? What explains this valuation?
The biggest explanation is probably the success of investments in iLOQ and Finelcomp, among others. These have brought large one-off profits.
Thanks, this was new info. Hopefully they remember to take a breather now and then so they get more cents per share 
In fact, now is not the time to rest, but to fix the net gearing of -43% to at least zero by buying a majority stake in a few good companies. Now you can get them cheap.
In a company like Sievi Capital, where the business is based on acquiring and developing majority stakes in companies with a new board and strategy, it would be good to constantly initiate new development projects to achieve more consistent results. Now, tens of millions are burning a hole in the cash register and something needs to be done. Preparations are certainly underway.
What if this time we bought a majority stake in a company already listed on the stock exchange, such as Honkarakenne (market value about €20M) or Tulikivi (market value about €7.5M), both eternal promises. However, the results have been less than stellar and there is enough debt. At least small shareholders would be pleased if the companies could utilize their untapped potential in competent hands.
Disclaimer: Juurikki owns a joke’s worth of Sievi and wouldn’t touch the other mentioned companies with a ten-foot pole.
