The management would have gotten two bathrooms with the same shares if they had held their position until now… A common saying about the signal value was that there can be many different reasons for insider selling, but insider buying is only and solely motivated by the idea of making money.
Talenom’s Rare Super-Successful ICT Project Nyt meni ict-hanke nappiin – liiketoiminta tehostui enemmän kuin uskottiin | Tivi
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oh talenom
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Those recommended prices are always for a 12-month period. How would the price be determined if, hypothetically, growth rate was 15% annually for, say, 5 years, and profitability improved slightly from the current level (which it probably will)?
Also, has the analyst’s valuation included any extra for a technology company, what if Talenom started selling its software to others? Provided they get it completely finished first… (or is it ever really finished?)
Would the analyst be interested in commenting?
A company like Revenio seems to be growing at roughly the same pace, but perhaps more earnings growth is expected (are patents in Revenio considered a much stronger protection then?)? The point is mainly that Revenio’s multiples are in a somewhat different league. Of course, Revenio probably has cash and Talenom has debt?
Just some thoughts.
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What’s moving Talenom today?
The course bounced from €20.10 to €20.90 with a relatively small volume of under 400 shares.
Some (Instinet Europe Limited and Nordnet buyers) just woke up to the fact that this is a good company 
I’m also guessing that Talenom will soon drop out of the Inderes Top-3 list (but not out of my portfolio!).
That reminded me, if there was a really strong price dip, I’d buy more again 
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So it was. Sometimes you tend to forget how small the volume can be. 
I’ve been thinking a bit about the upcoming Q4 and I think it’s possible that we might even exceed the new earnings guidance. It would only require the pace of previous quarters to continue.
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Talenom is on fire again
https://www.inderes.fi/fi/tiedotteet/talenom-oyjn-tilinpaatos-2018-tilintarkastettu-liikevoitto-parani-765-ja-liikevaihto
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I always wonder why I don’t have more Talenom shares 
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You rarely get it cheap 
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I’ve been thinking about this from time to time and have always added to my position very cautiously. First at 11 EUR, then I think 15.5, then 17.5-17.17. I actually placed a rather large order at 19 EUR a while ago, but I don’t think we’ll get there anytime soon, or ever?
But the position is growing faster than others, so Talenom’s share in the portfolio tends to increase, which is, of course, a very happy thing. In my opinion, Talenom has been the best for quite some time now.
I even received a Talenom sales representative at the company to learn more about it in practice.
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Competitors are about 10 years behind in utilizing technology and digital tools! This was said last summer at Capital Markets Day.
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Typically, accounting firms are companies of 3-5 people. They use many different software programs for client data, so small offices waste time tinkering with them… so the path is open for our Talenom!
I fix customer companies
I’d be interested in jumping on this bandwagon, especially after Juha K.'s post about “creating shareholder value”… I considered it earlier at the €17 level, but thought it was too late. I regret it now. Again, I feel like jumping on the bandwagon, but the same psychological phenomenon bothers me, as “it feels expensive to a layman after a rise of several hundred percent.” I’m reminded of the same deliberation I had with Neste at around €20… Neste has also risen nicely from there.
Even after the latest company update, this is praised as a “very attractive long-term investment.” I still need to see if the extensive company report provides long-term valuation prospects. It’s difficult for me to grasp what the valuation could be on a 5-year horizon.
Investing is not easy.
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Talenom is not a shaky sled but a stable train 
This train has just gained momentum and there’s still time to get on board.
The machine is oiled and powerful.
The toilets also work… like train toilets.
The ride is pleasant and safe.
The tracks are open and this track is long.
Small bumps and shakes will come, of course, but there’s no need to fear them.
Investing is generally not easy. But in this case, it’s still easier than usual
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At least customer retention and the obligatory nature of operations provide security.
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Well, the timing of this was unbelievably good in relation to my thoughts yesterday… 
I suspect it will go into my portfolio tomorrow.
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Look, a new extensive report. I’ll have to read it through when I have time.
I admit that this case has somewhat tended to be forgotten in my portfolio, and lately I haven’t even bothered to read the earnings reports word for word; often, just the numbers have told enough 
and I’ve often just relied on Inderes’ views in this case recently.
But from that extensive report, I could try to fish out a bit about what’s generally happening in an industry battered by disruption, and what kind of growth potential the company has? How big of a market is Finland anyway? I don’t have any major market knowledge of the industry myself, so Inderes’ report can help me a bit. I could also think a bit about the company’s debt, how it invests money in growth, and what risks are involved, if I could get some stats on where things stand, even regarding valuation. This doesn’t seem overly expensive in light of the multiples. Why do I always write such novels here?
Did you buy, Aston?
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Hello,
Yes, I just bought some shares and I am very happy with my decision. However, one should not get emotional. I promised myself in my investment diary that I would look at this case until at least the 2020 financial statements, if the development trend is positive (of course, the intention would be to hold it for a long time).
@Juha_Kinnunen’s extensive review was like a gift from heaven for my considerations. The decision was actually “easy” now thanks to fresh and in-depth information.
The expected return meets my requirements and the industry is very defensive. This simultaneously became one of my core investments in my portfolio, of which I currently have 7 - now I am satisfied with the defensive whole.
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