Recent Insider Transactions • May 29
Chairman of the Board recently bought kr58k worth of stock On the 27th of May, Per-Arne Ahlgren bought around 32.0 shares on-market at roughly kr1,819 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr654k. Insiders have collectively bought kr3.2m more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 19
Chairman of the Board recently bought kr94k worth of stock On the 15th of May, Per-Arne Ahlgren bought around 53.0 shares on-market at roughly kr1,778 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr654k. Insiders have collectively bought kr3.1m more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 11
Chairman of the Board recently bought kr654k worth of stock On the 6th of May, Per-Arne Ahlgren bought around 389 shares on-market at roughly kr1,682 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr3.0m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Apr 28
Chairman of the Board recently bought kr214k worth of stock On the 24th of April, Per-Arne Ahlgren bought around 126 shares on-market at roughly kr1,700 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr299k. Insiders have collectively bought kr2.4m more in shares than they have sold in the last 12 months. Reported Earnings • Apr 23
First quarter 2026 earnings released: EPS: kr8.07 (vs kr1.70 loss in 1Q 2025) First quarter 2026 results: EPS: kr8.07 (up from kr1.70 loss in 1Q 2025). Revenue: kr45.4m (down 9.2% from 1Q 2025). Net income: kr3.80m (up kr4.60m from 1Q 2025). Profit margin: 8.4% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to kr1,700, the stock trades at a trailing P/E ratio of 35.2x. Average trailing P/E is 19x in the Capital Markets industry in Sweden. Total loss to shareholders of 45% over the past three years. Recent Insider Transactions • Mar 25
Chairman of the Board recently bought kr63k worth of stock On the 20th of March, Per-Arne Ahlgren bought around 35.0 shares on-market at roughly kr1,795 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr299k. Insiders have collectively bought kr2.3m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 11
Chairman of the Board recently bought kr299k worth of stock On the 6th of March, Per-Arne Ahlgren bought around 170 shares on-market at roughly kr1,758 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr2.8m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 05
Chairman of the Board recently bought kr58k worth of stock On the 29th of January, Per-Arne Ahlgren bought around 31.0 shares on-market at roughly kr1,865 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr431k. Insiders have collectively bought kr8.6m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 02
Full year 2025 earnings released: EPS: kr48.50 (vs kr3.73 in FY 2024) Full year 2025 results: EPS: kr48.50 (up from kr3.73 in FY 2024). Revenue: kr224.1m (up 11% from FY 2024). Net income: kr22.8m (up kr21.0m from FY 2024). Profit margin: 10% (up from 0.9% in FY 2024). Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Jan 29
Mangold Fondkommission AB, Annual General Meeting, Apr 29, 2026 Mangold Fondkommission AB, Annual General Meeting, Apr 29, 2026. Recent Insider Transactions • Dec 12
Chairman of the Board recently bought kr431k worth of stock On the 9th of December, Per-Arne Ahlgren bought around 244 shares on-market at roughly kr1,766 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr8.4m more in shares than they have sold in the last 12 months. Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: kr50.76 (vs kr4.89 loss in 3Q 2024) Third quarter 2025 results: EPS: kr50.76 (up from kr4.89 loss in 3Q 2024). Revenue: kr51.6m (up 3.2% from 3Q 2024). Net income: kr23.9m (up kr26.2m from 3Q 2024). Profit margin: 46% (up from net loss in 3Q 2024). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Sep 08
Chairman of the Board recently bought kr53k worth of stock On the 5th of September, Per-Arne Ahlgren bought around 27.0 shares on-market at roughly kr1,946 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr181k. Insiders have collectively bought kr9.2m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Aug 21
Chairman of the Board recently bought kr181k worth of stock On the 18th of August, Per-Arne Ahlgren bought around 90.0 shares on-market at roughly kr2,014 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr8.9m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jul 31
CEO & MD recently bought kr98k worth of stock On the 28th of July, Per-Anders Tammerlov bought around 49.0 shares on-market at roughly kr2,000 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Per-Anders has been a buyer over the last 12 months, purchasing a net total of kr764k worth in shares. Announcement • Jul 09
Mangold Fondkommission AB to Report Q2, 2025 Results on Jul 17, 2025 Mangold Fondkommission AB announced that they will report Q2, 2025 results at 7:45 AM, Central European Standard Time on Jul 17, 2025 Recent Insider Transactions • Apr 30
Chairman of the Board recently bought kr130k worth of stock On the 24th of April, Per-Arne Ahlgren bought around 81.0 shares on-market at roughly kr1,610 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr2.9m. Insiders have collectively bought kr8.7m more in shares than they have sold in the last 12 months. Reported Earnings • Apr 23
First quarter 2025 earnings released: kr1.70 loss per share (vs kr2.13 profit in 1Q 2024) First quarter 2025 results: kr1.70 loss per share (down from kr2.13 profit in 1Q 2024). Revenue: kr50.0m (down 10% from 1Q 2024). Net loss: kr800.0k (down 180% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Mar 18
Chairman of the Board recently bought kr257k worth of stock On the 14th of March, Per-Arne Ahlgren bought around 160 shares on-market at roughly kr1,609 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr2.9m. Insiders have collectively bought kr8.3m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 12
Chairman of the Board recently bought kr2.2m worth of stock On the 7th of March, Per-Arne Ahlgren bought around 1k shares on-market at roughly kr1,467 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr2.9m. Insiders have collectively bought kr8.1m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 14
Chairman of the Board recently bought kr2.9m worth of stock On the 11th of February, Per-Arne Ahlgren bought around 2k shares on-market at roughly kr1,906 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr4.7m more in shares than they have sold in the last 12 months. Reported Earnings • Jan 30
Full year 2024 earnings released: EPS: kr3.83 (vs kr22.19 loss in FY 2023) Full year 2024 results: EPS: kr3.83 (up from kr22.19 loss in FY 2023). Revenue: kr203.7m (up 13% from FY 2023). Net income: kr1.80m (up kr12.2m from FY 2023). Profit margin: 0.9% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. New Risk • Dec 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 27% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (kr1.08b market cap, or US$98.1m). Recent Insider Transactions • Dec 18
Chairman of the Board recently bought kr80k worth of stock On the 12th of December, Per-Arne Ahlgren bought around 36.0 shares on-market at roughly kr2,230 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr570k. Insiders have collectively bought kr2.0m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 11
Chairman of the Board recently bought kr185k worth of stock On the 6th of December, Per-Arne Ahlgren bought around 84.0 shares on-market at roughly kr2,201 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr570k. Insiders have collectively bought kr2.0m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 17
Chairman of the Board recently bought kr61k worth of stock On the 14th of November, Per-Arne Ahlgren bought around 28.0 shares on-market at roughly kr2,194 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr570k. Insiders have collectively bought kr1.9m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 12
Chairman of the Board recently bought kr60k worth of stock On the 6th of November, Per-Arne Ahlgren bought around 26.0 shares on-market at roughly kr2,313 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr570k. Insiders have collectively bought kr1.9m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 04
Chief Financial Officer recently bought kr158k worth of stock On the 28th of October, Jonathan Bexelius bought around 51.0 shares on-market at roughly kr3,093 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr570k. Recent Insider Transactions • Oct 28
CEO & MD recently bought kr570k worth of stock On the 24th of October, Per-Anders Tammerlov bought around 300 shares on-market at roughly kr1,900 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Per-Anders has been a buyer over the last 12 months, purchasing a net total of kr620k worth in shares. Reported Earnings • Oct 24
Third quarter 2024 earnings released: kr4.89 loss per share (vs kr35.70 loss in 3Q 2023) Third quarter 2024 results: kr4.89 loss per share (improved from kr35.70 loss in 3Q 2023). Revenue: kr52.0m (up 109% from 3Q 2023). Net loss: kr2.30m (loss narrowed 86% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Announcement • Oct 24
Mangold Fondkommission AB, Annual General Meeting, Apr 29, 2025 Mangold Fondkommission AB, Annual General Meeting, Apr 29, 2025. New Risk • Oct 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr1.00b (US$96.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 22% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr1.00b market cap, or US$96.5m). Recent Insider Transactions • Sep 14
CEO & MD recently bought kr50k worth of stock On the 11th of September, Per-Anders Tammerlov bought around 21.0 shares on-market at roughly kr2,391 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr83k. Per-Anders has been a buyer over the last 12 months, purchasing a net total of kr50k worth in shares. Recent Insider Transactions • Sep 04
Chairman of the Board recently bought kr52k worth of stock On the 29th of August, Per-Arne Ahlgren bought around 22.0 shares on-market at roughly kr2,365 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr83k. Insiders have collectively bought kr1.3m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Aug 12
Chairman of the Board recently bought kr83k worth of stock On the 7th of August, Per-Arne Ahlgren bought around 36.0 shares on-market at roughly kr2,306 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr142k. Insiders have collectively bought kr1.2m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Aug 02
Chairman of the Board recently bought kr64k worth of stock On the 29th of July, Per-Arne Ahlgren bought around 27.0 shares on-market at roughly kr2,354 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr142k. Insiders have collectively bought kr1.3m more in shares than they have sold in the last 12 months. Reported Earnings • Jul 05
First quarter 2024 earnings released: EPS: kr2.13 (vs kr17.54 loss in 1Q 2023) First quarter 2024 results: EPS: kr2.13 (up from kr17.54 loss in 1Q 2023). Revenue: kr55.7m (up 41% from 1Q 2023). Net income: kr1.00m (up kr9.20m from 1Q 2023). Profit margin: 1.8% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Jun 03
Chairman of the Board recently bought kr142k worth of stock On the 30th of May, Per-Arne Ahlgren bought around 57.0 shares on-market at roughly kr2,486 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr1.6m more in shares than they have sold in the last 12 months. Upcoming Dividend • May 01
Upcoming dividend of kr20.00 per share Eligible shareholders must have bought the stock before 08 May 2024. Payment date: 15 May 2024. Trailing yield: 0.8%. Lower than top quartile of Swedish dividend payers (4.3%). Lower than average of industry peers (1.8%). Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: kr2.13 (vs kr17.54 loss in 1Q 2023) First quarter 2024 results: EPS: kr2.13 (up from kr17.54 loss in 1Q 2023). Revenue: kr55.7m (up 41% from 1Q 2023). Net income: kr1.00m (up kr9.20m from 1Q 2023). Profit margin: 1.8% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 22
Full year 2023 earnings released: kr22.19 loss per share (vs kr44.55 loss in FY 2022) Full year 2023 results: kr22.19 loss per share (improved from kr44.55 loss in FY 2022). Revenue: kr180.4m (up 43% from FY 2022). Net loss: kr10.4m (loss narrowed 50% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. New Risk • Feb 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 9.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.2% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.6% average weekly change). Recent Insider Transactions • Feb 11
Chairman of the Board recently bought kr161k worth of stock On the 5th of February, Per-Arne Ahlgren bought around 69.0 shares on-market at roughly kr2,332 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr1.8m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 01
Full year 2023 earnings released: kr22.23 loss per share (vs kr44.55 loss in FY 2022) Full year 2023 results: kr22.23 loss per share (improved from kr44.55 loss in FY 2022). Revenue: kr187.5m (up 49% from FY 2022). Net loss: kr10.4m (loss narrowed 49% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Dec 18
Chairman of the Board recently bought kr57k worth of stock On the 14th of December, Per-Arne Ahlgren bought around 22.0 shares on-market at roughly kr2,595 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr201k. Insiders have collectively bought kr1.7m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 05
Chairman of the Board recently bought kr105k worth of stock On the 1st of December, Per-Arne Ahlgren bought around 42.0 shares on-market at roughly kr2,506 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr201k. Insiders have collectively bought kr1.6m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 16
Chairman of the Board recently bought kr201k worth of stock On the 9th of November, Per-Arne Ahlgren bought around 83.0 shares on-market at roughly kr2,421 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr838k. Insiders have collectively bought kr1.5m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 08
Chairman of the Board recently bought kr125k worth of stock On the 3rd of November, Per-Arne Ahlgren bought around 51.0 shares on-market at roughly kr2,458 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr838k. Insiders have collectively bought kr1.3m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Oct 29
Chairman of the Board recently bought kr95k worth of stock On the 24th of October, Per-Arne Ahlgren bought around 38.0 shares on-market at roughly kr2,491 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr838k. Insiders have collectively bought kr1.1m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Oct 23
Chairman of the Board recently bought kr1.3m worth of stock On the 19th of October, Per-Arne Ahlgren bought around 568 shares on-market at roughly kr2,232 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr2.3m more in shares than they have sold in the last 12 months. New Risk • Oct 21
New major risk - Revenue and earnings growth Earnings have declined by 0.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.7% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). Reported Earnings • Oct 21
Third quarter 2023 earnings released: kr35.70 loss per share (vs kr13.43 profit in 3Q 2022) Third quarter 2023 results: kr35.70 loss per share (down from kr13.43 profit in 3Q 2022). Revenue: kr24.9m (down 50% from 3Q 2022). Net loss: kr16.7m (down 369% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. New Risk • Oct 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Sep 04
Chief Financial Officer recently bought kr838k worth of stock On the 30th of August, Jonathan Bexelius bought around 306 shares on-market at roughly kr2,740 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr1.0m. Recent Insider Transactions • Aug 08
Chairman of the Board recently bought kr112k worth of stock On the 4th of August, Per-Arne Ahlgren bought around 40.0 shares on-market at roughly kr2,809 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr1.0m. Per-Arne has been a buyer over the last 12 months, purchasing a net total of kr3.0m worth in shares. Recent Insider Transactions • Jul 18
Head of Investment Banking recently bought kr1.0m worth of stock On the 13th of July, Charles Wilken bought around 300 shares on-market at roughly kr3,390 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr3.0m more in shares than they have sold in the last 12 months. New Risk • Jul 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 10.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 14
Second quarter 2023 earnings released: kr4.71 loss per share (vs kr26.37 loss in 2Q 2022) Second quarter 2023 results: kr4.71 loss per share (improved from kr26.37 loss in 2Q 2022). Revenue: kr52.6m (up 129% from 2Q 2022). Net loss: kr2.20m (loss narrowed 82% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jun 14
Chief Financial Officer recently bought kr379k worth of stock On the 8th of June, Jonathan Bexelius bought around 128 shares on-market at roughly kr2,960 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr616k. Recent Insider Transactions • May 10
Chairman of the Board recently bought kr125k worth of stock On the 5th of May, Per-Arne Ahlgren bought around 41.0 shares on-market at roughly kr3,056 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr626k. Per-Arne has been a buyer over the last 12 months, purchasing a net total of kr2.5m worth in shares. Recent Insider Transactions • May 02
Chairman of the Board recently bought kr147k worth of stock On the 28th of April, Per-Arne Ahlgren bought around 47.0 shares on-market at roughly kr3,131 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr626k. Per-Arne has been a buyer over the last 12 months, purchasing a net total of kr2.3m worth in shares. Recent Insider Transactions • Apr 25
Chairman of the Board recently bought kr616k worth of stock On the 21st of April, Per-Arne Ahlgren bought around 212 shares on-market at roughly kr2,904 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr626k. Per-Arne has been a buyer over the last 12 months, purchasing a net total of kr2.1m worth in shares. Reported Earnings • Apr 20
First quarter 2023 earnings released: kr17.54 loss per share (vs kr32.25 loss in 1Q 2022) First quarter 2023 results: kr17.54 loss per share (improved from kr32.25 loss in 1Q 2022). Revenue: kr38.9m (up 60% from 1Q 2022). Net loss: kr8.20m (loss narrowed 45% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings. Recent Insider Transactions • Mar 03
Chairman of the Board recently sold kr1.0m worth of stock On the 27th of February, Per-Arne Ahlgren sold around 400 shares on-market at roughly kr2,500 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Per-Arne has been a net buyer over the last 12 months, purchasing a net total of kr625k worth of shares. Recent Insider Transactions • Feb 07
CEO & MD recently bought kr66k worth of stock On the 3rd of February, Per-Anders Tammerlov bought around 20.0 shares on-market at roughly kr3,278 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Per-Anders has been a buyer over the last 12 months, purchasing a net total of kr2.5m worth in shares. Recent Insider Transactions Derivative • Feb 03
CEO & MD exercised options to buy kr1.7m worth of stock. On the 31st of January, Per-Anders Tammerlov exercised options to buy 500 shares at a strike price of around kr2,500, costing a total of kr1.3m. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. Since March 2022, Per-Anders' direct individual holding has increased from 118.30k shares to 118.87k. Company insiders have collectively bought kr5.4m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Jan 26
Full year 2022 earnings released: kr44.45 loss per share (vs kr247 profit in FY 2021) Full year 2022 results: kr44.45 loss per share (down from kr247 profit in FY 2021). Revenue: kr126.6m (down 67% from FY 2021). Net loss: kr20.5m (down 118% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 12
Third quarter 2022 earnings released: EPS: kr13.43 (vs kr132 in 3Q 2021) Third quarter 2022 results: EPS: kr13.43 (down from kr132 in 3Q 2021). Revenue: kr49.5m (down 59% from 3Q 2021). Net income: kr6.20m (down 90% from 3Q 2021). Profit margin: 13% (down from 50% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 16% share price gain to kr3,900, the stock trades at a trailing P/E ratio of 37.7x. Average trailing P/E is 8x in the Capital Markets industry in Sweden. Total returns to shareholders of 517% over the past three years. Reported Earnings • Jul 22
Second quarter 2022 earnings released: kr26.37 loss per share (vs kr50.33 profit in 2Q 2021) Second quarter 2022 results: kr26.37 loss per share (down from kr50.33 profit in 2Q 2021). Revenue: kr23.0m (down 79% from 2Q 2021). Net loss: kr12.1m (down 152% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 72% per year whereas the company’s share price has increased by 69% per year. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorated over the past week After last week's 18% share price decline to kr3,550, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 8x in the Capital Markets industry in Sweden. Total returns to shareholders of 449% over the past three years. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improved over the past week After last week's 18% share price gain to kr3,900, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 9x in the Capital Markets industry in Sweden. Total returns to shareholders of 552% over the past three years. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Birgit Hoffmann was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 24
CEO & MD recently bought kr540k worth of stock On the 21st of April, Per-Anders Tammerlov bought around 159 shares on-market at roughly kr3,398 per share. This was the largest purchase by an insider in the last 3 months. Per-Anders has been a buyer over the last 12 months, purchasing a net total of kr1.1m worth in shares. Reported Earnings • Apr 21
First quarter 2022 earnings released: kr32.25 loss per share (vs kr33.99 profit in 1Q 2021) First quarter 2022 results: kr32.25 loss per share (down from kr33.99 profit in 1Q 2021). Revenue: kr24.8m (down 67% from 1Q 2021). Net loss: kr14.8m (down 195% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 85% per year whereas the company’s share price has increased by 83% per year. Upcoming Dividend • Mar 31
Upcoming dividend of kr49.00 per share Eligible shareholders must have bought the stock before 07 April 2022. Payment date: 13 April 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Swedish dividend payers (4.5%). Higher than average of industry peers (1.1%). Recent Insider Transactions • Mar 11
CEO & MD recently bought kr76k worth of stock On the 9th of March, Per-Anders Tammerlov bought around 20.0 shares on-market at roughly kr3,813 per share. In the last 3 months, they made an even bigger purchase worth kr181k. Per-Anders has been a buyer over the last 12 months, purchasing a net total of kr526k worth in shares. Recent Insider Transactions • Feb 16
CEO & MD recently bought kr181k worth of stock On the 14th of February, Per-Anders Tammerlov bought around 41.0 shares on-market at roughly kr4,405 per share. This was the largest purchase by an insider in the last 3 months. Per-Anders has been a buyer over the last 12 months, purchasing a net total of kr347k worth in shares. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improved over the past week After last week's 17% share price gain to kr4,880, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 12x in the Capital Markets industry in Sweden. Total returns to shareholders of 705% over the past three years. Board Change • Feb 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Birgit Hoffmann was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jan 22
Head of Investment Banking recently bought kr117k worth of stock On the 20th of January, Charles Wilken bought around 25.0 shares on-market at roughly kr4,678 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr426k more in shares than they have sold in the last 12 months. Reported Earnings • Jan 20
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr247 (up from kr57.57 in FY 2020). Revenue: kr384.1m (up 134% from FY 2020). Net income: kr113.2m (up 328% from FY 2020). Profit margin: 30% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 91% per year whereas the company’s share price has increased by 92% per year. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment deteriorated over the past week After last week's 18% share price decline to kr4,040, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 14x in the Capital Markets industry in Sweden. Total returns to shareholders of 535% over the past three years. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 17% share price gain to kr5,150, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 16x in the Capital Markets industry in Sweden. Total returns to shareholders of 698% over the past three years. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 16% share price gain to kr6,650, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 10x in the Capital Markets industry in Sweden. Total returns to shareholders of 1,062% over the past three years. Reported Earnings • Oct 16
Third quarter 2021 earnings released: EPS kr132 (vs kr22.10 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr121.5m (up 242% from 3Q 2020). Net income: kr60.5m (up 499% from 3Q 2020). Profit margin: 50% (up from 28% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has increased by 119% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improved over the past week After last week's 21% share price gain to kr5,750, the stock trades at a trailing P/E ratio of 47.8x. Average trailing P/E is 11x in the Capital Markets industry in Sweden. Total returns to shareholders of 950% over the past three years. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improved over the past week After last week's 30% share price gain to kr5,450, the stock trades at a trailing P/E ratio of 45.3x. Average trailing P/E is 11x in the Capital Markets industry in Sweden. Total returns to shareholders of 813% over the past three years. Recent Insider Transactions • Aug 12
Chairman of the Board recently sold kr271k worth of stock On the 6th of August, Per Ahlgren sold around 50.0 shares on-market at roughly kr5,425 per share. This was the largest sale by an insider in the last 3 months. Per has been a seller over the last 12 months, reducing personal holdings by kr336k. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 15% share price gain to kr3,900, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 9x in the Capital Markets industry in Sweden. Total returns to shareholders of 474% over the past three years. Reported Earnings • Jul 23
Second quarter 2021 earnings released: EPS kr50.40 (vs kr20.72 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr103.9m (up 96% from 2Q 2020). Net income: kr23.1m (up 143% from 2Q 2020). Profit margin: 22% (up from 18% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth.