Valoe Oyj Inside Information November 7, 2019 at 9:40 am
Valoe Oyj (“Valoe”) will supply a wall-mounted solar power plant for the facades of the new approximately 2,000-space parking garage at Helsinki-Vantaa Airport. The parking garage is already under construction in front of the new Terminal 2 and will be completed in the autumn of 2020. The project is being carried out by an alliance formed by Finavia Oyj, SRV Rakennus Oy, Arkkitehtitoimisto HKP Oy, Arkkitehtitoimisto ALA Oy, and Ramboll Finland Oy.
Valoe will deliver the solar power system ready for use and install the panels manufactured in Mikkeli on the walls of the parking garage in the first half of 2020.
I’m left with 8 shares in my lottery portfolio due to the company’s historical antics, and I’m holding onto them tightly. I didn’t participate in the offering; I made my investments in this company in full earlier on I’ll be watching the airport’s solar panel wall with great appreciation if it’s completed as planned. All sorts of miracles happen!
I found out about Valoe only yesterday. Today, I made my first purchases. Among the largest owners are Jorma Ollila and Kyösti Kakkonen’s companies. The products seem innovative and versatile. This autumn marks a turning point from research to production. There is a lot of potential!
Pretty big purchases yesterday and today. Compared to earlier ones, that is. And the stock price has risen nicely too. Interesting to see if there’s some news coming soon..
Valoe has a questionable reputation, but is it just a matter of the company historically failing to deliver, disappointing practically everyone who invested in it? Ollila and Kakkonen are unlikely to invest in a scam company. Even a blind hen finds a grain sometimes.
This is just a quick thought; I don’t care to delve too deeply into the company, but there’s likely upside if they can get the business running smoothly.
Here’s the latest news, picked from Valoe’s website. It generally tells what the company is about.
I have a small lottery position open, and the reasons for it are really the odd form technology and the general megatrend concerning solar power.
Nice news along the way include the expansion of the Juva factory, the ramp-up/merger of the Lithuanian factory (I don’t remember exactly how it went), and especially the fact that the panels are recyclable and that revenue had started to generate.
This has been lurking around the 6-cent mark for a while, partly due to the financing arrangement made with Winance, where Valoe pays debt to Winance in the form of shares.
I’ll probably have to do some detective work to figure out the amount of debt from the latest balance sheet and then subtract any conversions made since then.
So I can’t give a straightforward answer, but my gut feeling is that there’s a lot of it.
Edit: I attached the latest half-year report. I’ll leave the interpretation of the figures to those wiser than me. What pleased me at the time was that cash reserves had also accumulated significantly compared to the reference period.
There is debt, but almost all companies seem to have it. The fact that no revenue is generated and thus debt cannot be repaid is worrying.
My understanding is that Valoe has not (yet) taken all the money that Winance has offered.
{“content”:“If Valoe were in America, the stock price would be completely different. Finns are a different breed and that kind of valuation doesn’t generate interest. The early days’ valuation propped up the wrong things in the company, and luckily I wasn’t even getting involved then. Now, trust is gradually starting to build. I bought a slice at 0.05 as lottery tickets because there’s a lot of potential, if it’s not wasted.”}
I’ll be watching the airport’s solar panel wall with great appreciation if it’s completed as planned. All sorts of miracles happen!
