I bought a bit of BPC, commendably highlighted by @_TeemuHinkula and @Arimatti_Alhanko 
for my active portfolio. It’s a shame I didn’t come across this at 8 SEK, but if one believes in the company’s future, the current level of 35 SEK might someday prove cheap. Time will tell. 
BPC Instruments is a Swedish, globally operating biotechnology measurement instrument company. The company develops and manufactures measurement instruments and software in Lund, Sweden. The company is run by scientists for scientists, as its background is academic, and its customers are universities, research institutions, or industrial research departments.
The company claims to be a pioneer in the field. This claim is supported by the fact that its market share has remained around 90% since its listing in 2021. There are competitors, but they have not been able to collectively increase their shares. The biotechnology sector is worth billions and billions, but judging by BPC’s size, the specific measurement market is rather small, albeit rapidly growing. The company has fortified its technological lead with patents.
The company has been cash-flow positive after the first five years, and it sought additional strength for growth during its listing. The promised growth has indeed materialized, as revenue surged from 26 MSEK in 2021 to 62 MSEK by 2024. There were 60 target countries at the time of listing, today around 80. The balance sheet is strong, with no debt and over 40 MSEK in liquid assets.
Growth is driven by the expansion of the bio-sector, particularly the increasing use of biogas and the need to measure raw material quality in biogas production. The sector is strategically important in Europe, and billions are currently being invested in it. The company is also expanding into new areas; in recent years, it has seen growth from biodegradable materials, animal feed, and a deal in the textile sector was announced very recently. Its main markets are China, the EU, and the United States.
The largest owner and CEO is Jing Liu, who owns \~60% of the company. In practice, owners must trust him, as he ultimately calls the shots. His track record is impressive. The chairman of the board is bio-sector veteran Gustaf Olsson, 85!
I have not found any red flags so far.
The market cap is approx. 390 MSEK, meaning the enterprise value would be around 350 MSEK. EV/S is thus around 6x. The company invests in growth but is still profitable. Last year, the EBIT margin was as high as 25%, but this dropped to 11% in H1 2025 due to growth investments and a temporary slowdown in growth. If we assume a long-term profitability of 20% (niche measurement provider, albeit a completely rough estimate), normalized EBIT would be 12 MSEK now. EV/EBIT 30x. Niche technology firms also reach \~30%. Not dirt cheap, but considering the potential for significant growth, I wouldn’t call it expensive either. One must remember the company’s absolutely very small size at the moment.
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The theme of the thread is “just now,” but I haven’t reported my summer purchases here as I was on holiday, so let’s bring this up now, several months later.
I have bought Dominos Pizza Group 
a couple of times from the UK (where stocks have crashed just like on the Helsinki stock exchange).
The company is the Master Franchisee for the globally renowned American pizza giant in the UK and Ireland, meaning it operates its independent business on the islands.
The business is high-quality. CFROIC has consistently been over 40%. The business is so asset-light that equity is negative. The company has over 50% market share in pizza, and competitors have been in trouble during the difficult economic situation. Domino’s specializes particularly in pizza delivery or customers picking up pizzas from them. Therefore, their restaurants are small and more cost-effective to establish than their larger counterparts. The company talks about “fortification,” meaning a dense network of pizzerias makes conditions difficult for competitors. The company’s strongest expertise is in logistics, which operates on time about 99.99% of the time. Domino’s brand is fast, affordable, and predictable. Not the best pizza, but consider average British food. It certainly beats that, if you compare it to this, for example:
The stock has languished for 10 years, and the difficult economic situation in Britain is also affecting it. Growth is hard to come by, and profitability is under pressure.
The stock trades at a P/E of around 12x, and the dividend yield is over 5% (British dividends are tax-free for an OST). The company recently started a small share buyback program again.