Yesterday Hoivatilat, today Pihlajalinna. Unlike yesterday, I am quite satisfied with the €16 price offered for Pihlajalinna.
6 Likes
“Buy offers are now coming in from all directions, congratulations to Pihlajalinna’s owners! :)”
11 Likes
Mehiläinen has plenty of money, having left so many taxes unpaid in Finland. Although the tax authorities did get their share back later, when the matter was taken to court.
3 Likes
At least the premium is quite good. Unlike yesterday in Hoivatilat. Congrats to the owners!
6 Likes
Haha, this is going nicely, getting purchase offers for my side investments daily… But what if someone buys Talenom, how will I then generate cash flow for my retirement days?
3 Likes
Smart time to buy, as it has been restructured and both revenue and profit are growing again… What do you think about that? About to get back my own, if I sell…
Old losses in the portfolio. A small loss.
1 Like
So there’s that. I had bought this for a small sum back then for 16.29€. Lately, I’ve been wondering if the improved results would have already justified additional purchases around 10€. I decided to wait for the Q3 results first…
1 Like
The market seems to have doubts whether competition authorities will allow this deal.
3 Likes
Inderes’ comments again in the background… 
Easy 60-70 cents / share available…
2 Likes
– The options are starting to run out. The giants are becoming so big that the negotiating power of especially small municipalities is becoming imbalanced.
According to the researcher, the concentration narrows competition and the choice available to customers and employees.
– If there are two strong operators, it affects how they can influence prices or price increases. Of course, it can also start to affect what the incentive is to produce good or quality service.
And with that, we got the first comments on the matter from the social and health policy researcher. 
3 Likes
What did the former prime minister say again…?
“There are far too many in Finland now who tell us what not to do in this situation. You find all sorts of docents who tell you not to do this and that.”
Well, there have to be pretty good reasons for this not to be approved.
I don’t understand how there can be such an ignorant comment about duopoly, and especially about the social and healthcare sector.
P.S. I am not a docent.
1 Like
Apparently, there’s a real possibility that the takeover bid won’t get regulatory approval, although it’s not very likely. I sold my shares, but I’ll have to re-evaluate the situation if the deal doesn’t go through.
Edit: typo
True, but I’d put that at a pretty low probability. It seems Pihlajalinna’s valuation should be significantly higher at the current pace, even without mergers.
A quick glance at companies in this sector expanding across Finland suggests it would have been much more likely for authorities to intervene in Terveystalo’s acquisitions when it bought Diacor. And if that wasn’t an issue then, Terveystalo’s Attendo acquisitions should have been stopped at the latest.
1 Like
A small note regarding Pihlajalinna as the stock price drops to approximately 12 euros.
I still don’t understand this. The healthcare sector would consolidate, leading to a duopoly in the industry.
Inderes’ writings only refer to a 7% market share, which is utterly absurd, explained by the dilutive effect of the social welfare sector.
It is an absolutely insane and real threat if a duopoly is allowed in healthcare while the public sector sweats in its debts.
It’s pretty surely +EV when you get it for 12€/ticket.
How many shares are even on the market that haven’t yet committed to the tender offer?
3 Likes
There is enough trading volume to suggest that there are still a fair number of free shares in circulation.
Pihlajalinna’s share price has fallen so low that either the market believes the competition authorities will prohibit the deal, or the potential returns of other shares are seen as much greater. If one accepts the tender offer, the money will be tied up in Pihlajalinna well into the end of the year, and cannot be used elsewhere to potentially generate even better returns.
1 Like
By the way, has Pihlajalinna said anything about coronavirus? How is business rolling now that the tender offer is in effect?