Major owners can sell in a block trade, a 1:100 reverse split, they want to go to the main list (so that delistings don’t need to be announced), and all sorts of other stuff that is not concretely related to defense operations.
And still, a cryptic addition to every move:
“The company is simultaneously exploring options to finance growth.”
This is a damn* job trying to figure out.
How many people still genuinely believe in this company when we know who the scoundrels are behind it and all these moves we’ve seen even today?
What if this is just a genuine scam going on? A pile of crap packaged into a stock market shell and pushed for small investors to swallow while the scoundrels in the background laugh all the way to the bank?
Occam’s razor says that the explanation that requires the fewest assumptions is most often correct, and this could very well be true in this case too.
One apparently learns to be cautious with certain companies. Several thousand euros were lost in Valoe’s bankruptcy, so I’m not going to bite off something similar again. That’s why I currently only have a very small share of Summa. However, Summa differs from, for example, the aforementioned solar company in that Summa has real operations and revenue streams. I also justify my involvement to myself by the fact that the defense industry’s service is somewhat secretive. Componenta also announced that it only manufactures “supplies” for the defense forces.
Does the company even really intend to seek a listing on the main list, or is this just a way to boost the share price? For the main list, an approved listing prospectus is required, and you can’t lie in that…
The stock price has reacted nicely to this news.
Yeah, they get a surprising amount of column inches. At least it works. It’s another matter whether any of it is anything more than stock pumping and promises. How they ultimately affect the company’s operating conditions is another matter. The name Summa itself has such a reputation that one would think subscribers (if there are any) would think twice before making a contract. The stock is now up well over 10%, which is certainly surprising.
Had you bought for a thousand euros, the profit would have been +200.00 eur. A three-day hold yielded the same return as a good dividend company’s three-year dividend yield. This was because the stock in question was then at its lowest price for that period.
Now your profit remained far below five (5) euros.
Many speculators understood to buy and take out quick profits, judging by the stock price increase of the last few days.
I certainly won’t put any real money into such bubble-priced lottery tickets. After the fact, it’s of course easy to find the right buying and selling points. A bit like the correct numbers from last Saturday’s lottery draw.
Still, that company has nothing to show regarding, for example, its drone production other than an unproven story and a product image stolen from a Ukrainian company’s website. And of course, from drone production, it’s still a long way to profitable drone production.
Well, now we are already down almost 9%, and with the penny stock craze having faded, the decline might not end immediately.
Jussi Holopainen talks about big markets.
If the sum is below 0.0400, then the trader has always been able to sell with a profit, provided they actually bought and didn’t just mess around by buying one unit.
So, let’s wait and see what happens to the quick trader with their quick accounts when, due to the reverse split, the next buying opportunity below €4.00 arises.
(For one minute and five seconds around 11:00, one could already buy below 4.30, and it might have been the day’s lowest, being down over -10.00%)
Summa Defence’s drones will participate in battles in Ukraine – This is how Jussi Holopainen justifies the intentions to move to the main list Summa Defencen dronet tulevat osallistumaan taisteluihin Ukrainassa – Näin Jussi Holopainen perustelee päälistalle siirtymisaikeita | Kauppalehti
Summa is not manufacturing drones in Finland now, as Holopainen mentioned a few days ago. Or then it mainly designs and manufactures a little. Participates in design in Finland. Admits it’s a very competitive field. Hardly a goldmine for Summa. Where are the designers from? Figure that out then. It just keeps getting crazier.
Finland can sell drones for hundreds of millions per year.
But Summa isn’t selling. We are eagerly awaiting, for example, Summa Drones’ figures; it’s possible that the financial statement won’t be made available.
It is not yet in the VAT, prepayment, or employer register. A shell company for now.
Componenta’s history dates back to the 1820s, and although there have been twists and turns along the way, there is a clear difference. Componenta represents the core expertise of our country’s engineering industry. A bit like Sisu and Sisu Akselit for us. However, Sisu Akselit is unfortunately part of Berkshire Hathaway’s Marmon group of companies.
Somehow I have a feeling that one should stay away from Summa Defence. It somehow has the makings of a big bubble…
It sounds very strange how Summa can even leverage this drone narrative.
Who believes that a company could start high-tech production from scratch? It’s unlikely that one could operate with any Jimms drones in that war anymore. Summa’s crew is probably still several years away from even Jimms’ level 
Yes, yes. It has seemed to work many times and will continue to work until it doesn’t anymore. Gamblers gamble and investors invest. Good luck with your gaming success, though.
I still see it as a major challenge that it’s difficult to find any justification for the company’s business operations at the current valuation level of over 200 MEUR. Of course, the goal is to reach half a billion in revenue, but that too is only based on finding some nice new companies to acquire with shares, which then do nice business. So, it’s complete nonsense.
Exactly. The alternative, of course, is to produce cheap goods that compete on price. However, better starting points for price competition can probably be found elsewhere than in Finland.
Is that really news-worthy? Of course, if there’s nothing else to tell, then I guess that will do.
