NYAB - Infrastructure and Specialist Builder

Good that it’s progressed there. I’m with OP, so I’ll probably have to wait a bit longer.

Mine changed on Wednesday, which was surprisingly fast. The stock performance has been miserable.

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Yeah, looks like it :smiley: Maybe it’ll pick up and bounce once the worst of the sell-off is over.

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Massive CEO buying. Another 4.4 million shares added to the portfolio.

Insider transactions - Sweden | insider screener

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Well, now in OP, they became tradeable. And nothing left but to wait for a suitable price :upside_down_face:

My OP shares still haven’t become tradable.

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Maybe it’s down to the account type. I have these shares in a book-entry account (AOT)? It always takes some time with different service providers, they have different processing times for these…

I have a book-entry account (AOT) too. I’m in no hurry to sell, though.

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Here are Aapeli’s comments regarding the new order. :slight_smile:

However, the order has no immediate impact on our forecasts or our view of the company. We will review our forecasts at the latest in connection with the company’s Q2 results, which will be published on August 14.

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Large, significant orders. 1/4 of the full year’s revenue. No wonder management is buying.

That is split across three different calendar years, so it’s actually in the range of ~8-12% of annual revenue.

NYAB AB: NYAB published its second quarter interim report - progress and development | Kauppalehti

Excellent results and outlook - Operating profit doubled and the order book swelled by 36 percent.

NYAB, Audiocast, Q2’24 - Inderes

Records were broken, things are going well.

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@Aapeli_Pursimo interviewed NYAB’s CEO Johan Larsson. :slight_smile:

Topics:

00:12 Q2 highlights
00:59 Profitability improved significantly
02:33 Demand situation recovered in Sweden
03:22 Improved outlook in Sweden
03:57 Demand in Finland still waiting for a pick-up
05:46 Average project size has increased
08:05 Strategic progress
11:28 M&A market

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Here is a good company report on NYAB from Aapeli. :slight_smile:

NYAB’s Q2 report was operationally well in line with our expectations. In addition, the market situation has continued to strengthen in Sweden, reflecting which the company’s order backlog also reached a record level. Reflecting the report and the outlook, which as a whole was well in line with our expectations, forecast changes remained very minor. Despite the company’s strong performance and outlook, we see the upside for the stock’s valuation as very limited in the short term following the recent share price rise. Reflecting this, we lower our recommendation to Reduce (prev. Accumulate), but following small positive forecast revisions and the latest EUR/SEK exchange rate, we raise our target price to SEK 6.8 (prev. SEK 6.2).

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Bingab Barents Investment Group has, on August 15-16, increased its holding by 63,000 shares in the construction company Nyab. The total purchase price amounts to 435,026 kronor at an average price of 6.91 kronor per share. This is stated in the Swedish Financial Supervisory Authority’s (Finansinspektionen) insider register.

Nyab’s CEO Johan Larsson is the founder of Bingab Barents Investment Group, which already holds approximately 4.37 million shares in Nyab.

Management is buying like crazy again.

|2024-09-05|2024-09-04|SE NYAB AB|Purchase|BINGAB Barents Investment Group AB

Chief Executive Officer (CEO)/Managing Directory

Through a closely affiliated person Officer 74,000 6.71 SEK 496,540

Johdon jatkuvaa tankkausta.
Insider transactions - Sweden | insider screener

NYAB AB: Multi-year framework agreements regarding energy projects for NYAB | Kauppalehti

Sweden’s central bank cut interest rates as expected – Anticipates faster pace of cuts ahead | Kauppalehti

The outlook just keeps improving in Sweden.

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ABG Sundal Collier - NYAB - Good order activity supports high growth (abgsc.com)

Recommendation upgrades from ABG ahead of Q3 results.

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NYAB and Azvi have been selected as the main contractors for the Uppsala tramway project and will operate the project with equal shares through a joint venture. The estimated value of the first phase is 150–200 MSEK, and it is expected to be completed in 11 months. The second phase, which includes the actual construction work, is valued at approximately 5 billion SEK and is significantly larger. This phase is expected to support NYAB’s growth strategy significantly, provided the order is confirmed.

And here are Aapeli’s more comprehensive comments :slight_smile:

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