Here are the forecasts. In practice, we already made as much profit in H1 as was forecast for the entire year, so even if the pace “levels off” in H2, the earnings beat will be considerable (in the order of +50%). I guess there will be a target price increase tomorrow, so I’m holding onto my shares and waiting to see what happens.
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They warn a lot about extrapolating the development to H2, but I still think the stock is cheaply priced.
@Verneri_Pulkkinen left great sound effects at the end of the video.
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This is going way OT, but these are illiquid companies that like to bounce a couple/few times a year, and before earnings, they’re pumped in one direction or another precisely for that reason. 
It’s pure chance and depends on market conditions which way the pricing goes. I’ve also engaged in this earnings-lottery phenomenon, and especially the speculative rise and awakening of the stock price without earnings risk and exploiting it.
Not many people follow Viafina, so it’s clear that as the rarely-informing day approaches, the stock price also finds its channels better.
Corona has also benefited Viafina, and that was known, so it’s not an unusual thing in the Helsinki summer.
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It doesn’t matter to me whether the money is in the company’s account or my own, as long as it’s used wisely. So I fueled up with more Viafin in my stock savings account at a price of 11 euros. However, the abacus calculation showed the stock price to be only about 7 euros. 
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Exactly. My Viafin purchases on Friday alone accounted for several percent of the daily turnover, and I’m trading solely based on public information. I did expect the earnings report to be good – I wouldn’t have bought otherwise.
And I’m certainly not a big player even by the forum’s standards.
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I really have to hand it to those who dare to gamble on a small and illiquid stock’s earnings report by taking a course of action. It would be nice to hear what you base these bets on, as it’s clearly not about TA or fundamentals.
I added the stock before the market closed with a quick analysis. If next year’s adjusted EPS estimate rises to 90 cents or more (old was 0.71), then the stock is cheap. Let’s see if this was an exceptional half-year in the analyst’s opinion and how much the forecasts for the coming years will rise.
Really strong result from the corona period.
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The target price has been updated to €11.80 and the recommendation to “add,” with comments on this expected tomorrow.
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Hey, you couldn’t really buy a stock with such low trading volume based on TA.
And isn’t it fundamentals if you have the view that the industry has done well in the early part of the year despite corona? The industry is small, so it’s not just a hunch if you have direct information from the industry.
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Inderes’ target is slightly off from the share price reaction 
I’m wondering a bit myself. I bought this about a quarter of an hour ago for 10.70 and now I wish I had waited a bit 
Koponen will soon have to lower the target price to keep up with the stock price
Inderes definitely has excellent stuff, but I wouldn’t start pressing buttons based on these target prices. It feels like, for this company, they follow the stock prices (or, more elegantly put, “investor sentiment”) more than the fundamentals.
In February, stock price 12.10e > Target price 12.50
In March, stock price 10.30e > Target price 10.80
In April, stock price 9.55e > Target price 9.70
Of course, analysts probably don’t get a coronavirus pandemic every year, so hindsight is easy from the sidelines.
On the other hand, the original 12.50e recommendation given in February, based on the company’s fundamentals, would probably have hit the mark with a 12-month target, and now it’s interesting that such a low target price was given even though the company performed better than well during the coronavirus crisis.
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What makes Viafina interesting, in my opinion, is that it has 14.6 million euros in cash that the company doesn’t actually need for its current operations.
This money, or 4€ per share, enables growth through acquisitions. However, the cash flow statement prepared by Inderes does not take into account this growth opportunity through acquisitions.
Alternatively, the 4€ could be distributed to shareholders. This, in my opinion, reveals that the share price is still quite affordable compared to the current business, which is why I’m looking for buying opportunities.
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Someone “from Nordea” is diligently expanding their ownership. They tanked the share price all the way to a fire sale, and now they finally seem to have gotten rid of everything.
Inderes has not modeled any acquisitions that the company has cash for. These acquisitions are pretty much an option at the current price. That’s why I added to my position yesterday and today. A growth company with defensive qualities at a P/E of 15 sounds pretty good. If the market dips, there will, of course, be a better buying opportunity for this one too (like for all stocks). However, the corona risk has been pretty well shaken off its shoulders, even if we grapple with the virus for even longer.
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The company’s target for 2022 is 100 million euros in revenue. It would be interesting to know the company’s potential and targets a bit further out, 5-10 years from now. Could this become a good and long-lasting growth case, is the story just beginning…
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Yes. If the stock were more liquid, large investors would probably buy out this discount. This is an opportunity for small investors to buy goods cheaper.
The company will have a good opportunity to surprise again in the future, as the forecasts for the coming years were practically not raised at all. A good H1 was seen more as a one-time phenomenon.
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Great!
Viafin Service Plc (Oyj) initiates a share repurchase program:
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Interesting. Does the company really not have a better investment target for its money than a substantial buyback program? The share price isn’t exactly in a slump, and with illiquid companies, these buyback programs tend to push the price into completely new spheres.
Or the company itself thinks the stock is undervalued. I personally consider share buybacks to be a good thing. To me, it indicates that the company also considers its fundamentals.
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