My educated guess is either this year or next year, 2024. The timing of patent agreements, as the biggest factor, creates uncertainty. I assume that for Nokia, inflation brought the most significant headwind specifically in the preceding year, 2022 - without it, the comparable operating profit % would already have been clearly higher.
In 2021 and 2022, the comparable operating profit was thus 12.5%.
One would expect such acknowledgment to impact our customers’ purchasing decisions.
https://twitter.com/tommiuitto/status/1635770042586365954
This is certainly good for Nokia’s reputation, and as a Nokia investor, I also appreciate this side of the business. However, I am a realist.
The Chinese ZTE reported growth in its network business last year. The Swedish Ericsson has sailed from one bribery scandal to another, but it doesn’t seem to have any impact on business even in the country where the sentences were handed down. Samsung’s CEO has been convicted of bribery, and all kinds of rumors are circulating around the company’s network business. One doesn’t even want to get into Huawei’s business and its methods of world conquest, and yet it is a 60% supplier in the networks of Europe’s economic engine.
… so business growth in this industry is unlikely to be built on honest business and ethics anytime soon.
The last 10 days, practically the same returns for Nokia, Nasdaq, Cisco, and Ericsson. Over the last 30 days, Nokia’s return has been 2.5% better than Nasdaq’s. Correlation with the sector in general has been strong. But I agree that it’s scraping the bottom, as is Ericsson.
In my opinion, Nokia has always had large closing auctions. Over the last few months, or actually the last few years, the volume of regular trading has been lower.
https://web.asn.com/press-release/next-gen-coherent-optics
ASN’s next-generation Submarine Line Terminating Equipment (SLTE) utilizes Nokia’s PSE coherent optics, which provide higher data transmission speeds and greater capacity in long-distance subsea networks, enabling a new phase of energy-efficient solutions to reduce the carbon footprint.
A double bottom would fit nicely here – but it would require the decline to stop here. That previously discussed gap has now been closed – the price didn’t get the desired rocket move, just as the TA image hinted.
It is interesting how the forum goes completely silent on all positive comments and events whenever the share price starts its usual, systematic slide, often falling even lower than the indices. When this matter is addressed and perspectives on the price development are brought up, someone still ends up flagging these posts, which are informative from an investment standpoint. What exactly are we allowed to discuss here, when valuations measured by the share price have once again sunk below previous lows, erasing the increases “caused” by Mustathmir?
I don’t understand why it’s so hard to grasp, but in company threads, the point is to focus on the company itself and its operations, not the share price. In my opinion, Lexus’s TA could have stayed here, but I suppose it has its own thread, even though it relates to Nokia. However, this restriction is an attempt to weed out all those pointless “Nokia at buy prices again, yay” posts that would otherwise clutter up company threads.
The discussion here has remained active, even though the stock is taking a hit along with everything else.
Edit: Nokia’s share price can be discussed more generally in the “share price horror” thread. Of course, it can be mentioned here as well, as long as the post includes something more than just wondering about the price. 
I also wonder if we are not allowed to discuss Nokia’s technical picture in this thread. Not everyone following Nokia likely reads the separate technical analysis thread. Judging by the likes, people generally want to read this information.
Edit: I will, however, try to ensure there isn’t too much of it, at least on my part.
Two weeks ago, I posted productivity figures for Nokia’s 2022. Now, comparison figures are available from Ericsson’s annual report:
in millions of euros, SEK=0.0941, 31.12.2022, Nokia’s figures in parentheses
Ericsson’s value added in 2022 was 13,047 million euros and 12,241 million in 2021 (11,361 and 10,794).
Value added per employee was on average 128,241 euros in 2022 and 121,496 euros in 2021 (130,742 and 122,761).
When looking at how much each euro invested in personnel returned to capital, measured by labor efficiency, Ericsson’s figures were 1.37 and 1.49 (1.44 and 1.43).
The average headcount at Ericsson was 101,741 in 2022 and 100,757 in 2021 (86,896 and 87,927).
I skipped the per-share calculations here, as I am not an Ericsson shareholder. From the figures above, you can see the already known change: Nokia’s productivity is now better than Ericsson’s, but the value added generated is still smaller at this stage.
Quite right, but also partly wrong. Nokia’s share price encapsulates the company’s performance and the consensus on investor valuation. In my opinion, we should be able to focus on both—that is, both the company and/or the share price. @SuomenBuffet’s statement, “Of course, you can talk about it here too, as long as the post contains something more than just wondering about the share price,” is good advice.
Lundmark’s Nokia news flow is currently relatively calm, but let’s post something that evokes certain associations in one’s thoughts (=at least my own) for a change:
Technology company Infinera, which is among the peer companies, is looking for a new owner according to the Reuters news agency:
This trial demonstrates the value of Infinera’s ICE6 solution in enabling subsea operators like Hawaiki to better serve their customers by increasing the capacity per fiber while simultaneously reducing the cost per bit and power per bit of delivering high-speed services…
Hawaiki also tested the integration of Infinera’s suite of software automation tools, including Intelligent Power Management (IPM) and Instant Bandwidth 2.0, which enable important capabilities such as smart cable automation, embedded spectrum sharing, and rapid service activation…
Oh right, Lundmark’s Nokia was very much in the process of selling off its “subsea cabling division”…
Or was it after all..?
Anymore nowadays.
Nokia wireless connectivity supports The Ocean Cleanup project, which aims to rid the oceans of plastic.
I, on the other hand, don’t understand why strange turns related to the share price of Nokia (or any other company) should be pondered in some thread other than the Nokia thread. I’ve wondered about this before regarding the “stock price changes” thread, with the reasoning being that if someone is looking for information QUICKLY, the Nokia-specific information is likely held by the people on the Nokia board. Secondly, in that stock price changes thread, the question gets buried among dozens of other questions. Honestly, that stock price change board is pretty much useless, because almost no one ever gets any analytical answers to their questions there; instead, you get quick retorts like “because that’s just how the market is right now blah blah blah” or something else equally generic. In other words, useless answers, if anyone even knows how or bothers to comment at all.
I completely missed the situation regarding Lexus’s TA during the evening, but is it really the case that someone thinks Nokia’s technical analysis charts don’t belong here? THEY ABSOLUTELY BELONG HERE, because one doesn’t follow that technical analysis board nearly as much. You have to understand that this is a channel of great interest because investors follow Nokia and its share price. Since there are a huge number of these channels on Inderes’ site, it’s impossible to follow everything, so please @Lexus, just keep producing those charts here, thanks a bunch 
PS. There really aren’t many useless posts here; on the contrary, the content is very substantial, so in that regard, I don’t understand the reasoning for moving posts on the grounds that they are useless. Go read a few pages of the Nokia discussion on Kauppalehti, and you’ll get an idea of what useless posting actually looks like 
If the thread is “Nokia as an investment,” then surely share price movements (or the lack thereof) are an essential part of it?
The idea is hardly that this is just a manual news feed thread?
Short sellers and other traders follow the share price. They probably have their own weird thread?
Investors follow the company’s development.
On another note:
Will Börje get the boot yet?
https://www.privataaffarer.se/ericsson-iss-vill-aterigen-neka-styrelsen-ansvarsfrihet-di-1678894885
No, actually traders follow all the company’s operations in addition to the share price, because the price is essentially affected by what the company does and what its competitors and the entire industry do. And even that isn’t enough; many traders also actively follow changes in the overall economy—for example, the banking jitters of the past few days have been a good opportunity for Nokia traders as well. Of course, there are differences among traders; some might only follow the share price.
For many, company threads are the first places to start when researching a new company. Fretting over price fluctuations adds no value when getting to know a company’s operations, especially when the investment horizon is years away.
Buy the business, not the stock price, as the wiser heads say. Fluctuations of a few percent are just farts in the wind and usually become irrelevant within a week.
In my opinion, this company’s thread is of exceptionally high quality—thanks to everyone involved!
Why shouldn’t longs, shorts, and traders be allowed to discuss the company in question in the same thread?
I would estimate that for longs specifically, it is the others who bring added value.
The fact that some “wise” person said to buy the company, not the stock price, probably dates back to the days when trading was conducted in a dignified manner at desks on the exchange floor (I have, by the way, visited and seen that era myself).
Even for a long-term investor, the timing of the purchase is a key factor for a successful investment.
Is that for you to decide? I don’t belong to either of the first-mentioned, but I do follow the share price out of interest, and I am also interested in professional analyses of price movements.
