Exceptional commentary from Österlund, pleasant to follow from an investment entertainment perspective.
But, to be precise, Österlund has not, at any point, said that the current share price is cheap, in which case “put your money where your mouth is” doesn’t quite work. As I understand it, he has only grumbled about Inderes’ target price.
Indeed.
And it’s quite difficult for an analyst to start pulling growth forecasts out of a hat when the company itself is silent. I took it for granted that clear numerical targets for the short and medium term would be presented at the CMD, but it turned out otherwise. It also makes me wonder why Inderes was chosen again; there are others like Danske, Evli, Carnegie, etc., who analyze many small Finnish companies. But this special situation was caused entirely by themselves.
On the other hand, I gladly welcome such an opportunity to acquire shares at a reasonable price. And besides, Inderes’ reports are extensive and thorough. I bet that this will follow the path paved by Bittium, meaning target prices and recommendations will lag for quite some time. It would be strange if insiders didn’t continue buying shares.
What’s the point of an analysis that just pumps up the stock price? Surely the price will rise based on actual performance and results. A few years ago, stories without proof were still enough (I’m now speaking generally about stocks).
It’s probably Henri’s/Accendo’s hope that SSH’s market value would rise above half a billion, and with that, the stock would also start appearing on big money scanners.
The Chairman of the Board, Österlund, gave an interview in KL regarding the recent initiation of monitoring and disagreements related to growth prospects.
From my perspective, the situation is interesting because the company did not provide concrete growth targets in terms of numbers. Regarding the outlook given at the CMD, my forecast is in line (growth accelerating from next year onwards). This was an interesting point: “In my opinion, it is also not critical whether growth is verified in Q1 next year or Q4 next year. I know that the market potential there is very large. It remains to be seen how quickly it will be reflected in our own figures.” and “Based on Österlund’s comments, precisely defining growth targets would still be a rather difficult task for the company.” I do not disagree that there is a lot of potential, and this potential is one major theme in the report. Our forecasts, through which valuation has also been examined, do indeed show strong growth: revenue in 2029 already nearly 40 MEUR. An investor must therefore take a rather strong stance that growth will accelerate significantly beyond our forecasts if they wish to achieve significant excess returns.