Open X1 and X4 shorts closed. This provided groceries for a couple of weeks.
1 Like
Although this is an âI bought/soldâ thread, at this point I feel itâs important to announce that I DID NOT BUY! Nor did I sell.
Now it seems people have started cornering Inderes in such a way - including the company itself - that the undersigned is forced to abandon the strategy of being among Inderesâs 100 largest owners. The position is already large enough for my own portfolio, considering the size of this humble operation.
It was fun while it lasted. Now itâs time to return to the ranks of mortals. Fortunately, I managed to buy some at cheaper prices.
37 Likes
Bought Microvast initial position for the portfolio. Letâs see if this turns into some kind of short-term âmomentum tradeâ, as the stock is rising strongly, but at least according to Marketscreener forecasts, I donât really see the stock as cheap, as forecasts still show losses even though Q3 was profitable.
2 Likes
I put the cash to work and bought Microsoft back into the portfolio with a small weighting. Good moats and AI drivers keep the interest up 
38 Likes
I have long watched Cloudflareâs semi-languishing with dissatisfaction. Real high beta stocks like SoFi, Hims, and Palantir are marching strongly towards the northeast, if not even north. Now an opportunity to sell opened up when even JPMorgan realized that the stock should be given up on = they published a buy recommendation and raised the target price so they could sell at the top. I donât care about those analyst recommendations at all, or at most, I go against them. 25% profit from this stock.
Google was bought instead, whose lawsuit is weighing on the price. Historically, nothing has come of those cases (cf. Microsoft in the 2000s). Google has a lot of tailwind.
PE ~20 and sales grow 15% per year.
Googleâs Gemini LLM just took the lead. https://lmarena.ai/?leaderboard
YouTube is adding more ads and raising the price of Premium.
Truly self-driving cars (70% ownership), unlike a competitor who has announced releasing self-driving cars 5 times but has fulfilled their promise 0 times. Additionally, that competitor has a completely crazy CEO. Yes, I mean you, Tezla.
14 Likes
I went a bit against the current and sold off the rest of my Evolutions last week at around 980 SEK levels.
An investment mistake. Perhaps the financial losses werenât catastrophic, but the opportunity cost has been considerable, as Iâve watched Evoâs multiples being digested with a proper-sized position for years. In addition, the initial purchase was financed by selling AbbVie - by holding, it would have tripled in five years, but instead, I got stagnation. Why could someone buying such a good company have failed?
- Multiples. An EV/S of 20 is not a price you can pay for a company and expect things to work out. Even though the multiples have been digested very efficiently, thereâs still room to go down. Which leads to:
- Margins. When you buy a company making 60% net margins, unfortunately, thereâs only one direction. Evo has defended its profitability brilliantly, but defensive play doesnât accelerate growth. AndâŠ
- The slope of growth. It feels idiotic to think of Evo as a slow-growth company, but the pace has slowed down, thereâs no getting around it. The more it slows down, the harder it is to justify even the current valuation.
- Ownership. Evo has a good main owner, insiders love the stock, and the stock is not some cult clubâs favorite toy like Tesla/Lemonade/Palantir. But when institutions canât buy and the company doesnât buy back more than its allocated amount, then itâs just stagnation. Swedenâs Fintwitter (Financial Twitter) section cannot endlessly buy up the sell-side, and when a lot of stock has been printed, there are enough sellers with almost every dissenting voice.
Is it then another mistake to sell the company now, when multiples have been digested and earnings-wise we are moving at fairly moderate figures? Perhaps, but Evo still has the potential to grow slower, lose its rock-solid profitability, or be dumped lower from EV/S 8 levels. The situation is certainly different now, but with hindsight, one can only shake their head at how high the expectations were when I first acquired Evo. If the company were any worse (the company is excellent), capital would probably have been destroyed much more and much earlier. Now, I still got off with a learning experience.
What instead? Something opposite: a company from which nothing is expected, for which one doesnât have to pay high multiples, and which ultimately consistently exceeds expectations. Letâs see what the market offers.
YTD: +24.34 %
50 Likes
Another batch of Robit was picked up at âŹ1.32.
Additionally, Oriola was taken on board at âŹ0.89.
On Friday, the bid missed by one thousandth of a cent from the dump at the closing auction. 
In the morning, a 2/3 purchase batch was then taken directly from the sell side. Perhaps one more part is still coming along. One cannot call this expensive at these prices.
7 Likes
Bought SMCI at 16:31 75 pcs @37.22 USD
Sold SMCI at 22:45 75 pcs @42.50 USD
I donât dare to leave it in the portfolio overnightâŠ
14 Likes
Faron 
addition. 1000 shares soon in the portfolio.
This will still be good..
Edit. Had to buy more to get 1000 shares together. 
10 Likes
I donât know about the direction of the currents, but I personally added Evo with a thousand euros at 953 SEK. The risks you mentioned are real, but I still consider the valuation reasonable. The stock could be cheaper, and Iâd gladly add more if the price drops from here. 
My position is now 168 pcs.
9 Likes
Roughly doubled Intrum position @ 26.90 SEK
Time will tell if it was a smart move 
6 Likes
Purchases from late last week and this week:
Faron total 700 shares, avg price 2.13âŹ
Neste added 30 shares at 14.5âŹ
Nokian Tyres added 70 shares at 7.41âŹ
18 Likes
NRE Nokian Tyres clearance sale.
- Skepticism towards premium tire sales as motoring electrifies (change in car ownership and investment in it)
- and in the long run, as autonomous driving grows, does the importance of tires decrease?
Fund changes
Additional funding for Faron to two AOT accounts
BTC reduction
8 Likes
Last and this week, I have been adding to my Digital Workforce holdings. The strategy update published today is consistent and, at least in my opinion, realistic. Perhaps for that reason, I will still add more during the rest of the year, if things get even crazier on OMXH.
The company should change its name to something easier to pronounce, e.g., to Outsmart, in line with its technology platform.
4 Likes
Bought Canadian National Railway $CNI. For a long-term hold, hoping for dividend cash flow into the portfolio.
8 Likes
Maersk sold with a slight gain. The reason is Trump. Every time thereâs talk about his tariffs, thereâs a really unpleasant stock reaction from containers. Iâm not bothering anymore.
Instead, some Neste and Smart Eye. The Orange Don canât talk them down much anymore because they are already at the bottom. Hopefully.
8 Likes
Sale: Apetit @13.50 with approx. 30% profit + dividends from a few years
Buy: Faron @2.25 - Addition
Profitable stock out and risk in. Happy anticipation of Christmas to all.
12 Likes
The MörnintĂ€ project was able to continue right away now. Last night, I read part of the [Spinnova - Suomalainen ihmekuitu] thread (I managed to read up to around the end of 2022). Well, then last night I eagerly placed a buy order, and now when I came home from the dayâs activities, I noticed that the Spinnova purchase of 1000 shares at 0.89 had been executed during the day.
We are now even more firmly stuck in the scam market. The MörnintÀ hobby is progressing. I am already more confident that I will make it into the MörnintÀ. I will now continue reading that thread.
9 Likes
Second purchase this week - Incap. It has gotten through the corona crisis unscathed and information technology will still be needed in the next decade as well. This (too) will take off like a rocket, someday. Until then, waiting.
12 Likes
Decemberâs stock addition this time hit Nokian Tyres. The share price was around âŹ7.29. I didnât check my own purchase history more closely, but I would guess this was the lowest price Iâve acquired âRinkulatâ (Nokian Tyres shares) at.
JP Morgan teases, short sellers tease. But I, for one, still predict bright coming years for this. The Romanian factory is also slowly starting to produce.
With this addition, my own position is full, and Iâm already eagerly awaiting a price increase 
Oh, and in the wrong thread. Please move this to the buy/sell thread
27 Likes