I personally thought about getting involved with quick profits in mind. I believe that the issue will be oversubscribed, and I will only get a portion of what I subscribe to.
My view is that it’s being put on the market at a lower price so that it sells. I like the composition of the board. Karo Hämäläinen has commented on this on Twitter. The margin is good, there are plenty of customers, and they are not dependent on just one, and the product range is wide. The downside here is inventory turnover. I see the biggest growth driver in the Baltics, due to the lifespan of vehicles.
I will make a decision after watching the press conference. Maybe no one dares to say that they are putting their money into this company?
I’m kind of lazy about this offering. It hasn’t sparked much interest yet. It’s enough to have 1-2 companies without a competitive advantage in my portfolio (for me, Kamux). I wouldn’t want to increase their weight too much, even though the investment case is probably reasonably good at this listing price.
What does Article 10 of the articles of association regarding the redemption clause mean? Is it really true that if I sell shares, the company or other shareholders have a right of first refusal, and only for 3/4 of the price?
I watched the video and I’m on board with the offering. Of course, quick profits are on my mind. I believe that on the first day of trading, the valuation difference will immediately equalize compared to others, meaning about a 10% increase is likely. This is, of course, my own speculative analysis based on Erkki’s investment research.
I’m most skeptical about the company’s synergy benefits it seeks through acquisitions. In my opinion, there was no evidence of that yet. Will the offering be suspended tomorrow? That remains to be seen…
Hi, this is a clause that is being removed from the articles of association. Page 130 of the listing prospectus states that the General Meeting on 18/9/19 has removed the clause from the articles of association, and the removal will be registered in the trade register in connection with the new shares issued in the offering. Regards, Erkki
Dodih, subscription in.
Looks like an announcement about oversubscription today. This seems like a stable case. Not a rocket, but steady upward progress. The plan is to follow and add more over time.
But there’s been a bit of media and forum buzz about this. Is the IPO hype starting to fade??
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I think this has some similar characteristics to Aalto Group’s offering. There’s growth, acquisitions are being made, it’s a defensive and boring sector, etc. I believe there’s more upward pressure on the stock now that defensive, profitable companies are trending. I subscribed to a small slice.
No announcement has been made yet regarding the suspension of the offering. Or well, let’s wait a few hours to see if there’s an announcement at the end of the day.
This just means that the shares haven’t exactly been selling like hotcakes.
“Moderate organic growth is expected to continue, especially in Finland due to normal seasonal fluctuations, while changes in the customer structure, including those caused by changes in Huzells’ management in 2018, are expected to slightly affect the total business volumes in Sweden.”
I would rather not see things like this. The company has invested heavily in Sweden, and there are obviously some problems with new acquisitions there. When there are problems, results don’t develop as desired, and even if you invest a little more, the problems don’t necessarily disappear immediately.
This is a completely clear problem that every participant in the offering should note. Hopefully, nothing more unusual will happen, and things will be taken care of, but for now, I’ll watch from the sidelines.
The IPO didn’t go through right away. It’s probably pointless to expect significant quick profits compared to many previous listings where demand was higher.
So, is this about the forward-looking profit warning regarding Sweden baked into that prospectus? At least they can’t be accused later, as the information about the decline in business volume was there if you read carefully. Has the customer structure changed since Huzells’ management changed? More questions arise when something is told, but the reasons are not elaborated.
By the way, is this the first time ever in Helsinki that an IPO has been interrupted so late in the evening? They evidently feverishly considered whether to continue the offering, decided to interrupt it, and go into next Thursday’s opening with a slight oversubscription. The company’s start on the stock exchange doesn’t look particularly good when almost everyone apparently gets more shares than they wanted.
Well, Sweden is mainly what makes me suspicious. It was left a bit open what you mentioned about the changed customer structure due to management changes? If there are problems in Sweden at the organizational level or in terms of demand, the targeted acquisitions will add quite a flavor to the mix
Many people subscribe for more shares than they want, assuming that the offering will be oversubscribed and they won’t get as many shares as they subscribed for. If the oversubscription is only small, they might get more than they wanted.
You speak the truth. However, almost everyone may not have done this; some may have prepared to receive what they marked. It would be interesting to know how many had expected a significant oversubscription. Now, I guess, it remains a matter of speculation.
