contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Joonas Korkiakoski

Boreo creates value by owning, acquiring and developing small and medium-sized companies in the long-term. Boreo's business operations are organized into two business areas: Electronics and Technical Trade. Boreo's primary objective is sustainable long-term profit generation. The business model is based on the acquisition and ownership of entrepreneurial companies. The profits generated are re-invested back to operations or to acquisitions with attractive expected returns on capital.

Results from Delfin’s product platform revamp as the new VapoMeter was released:                      delfintech.com              VapoMeter® (VX) Portable TEWL Meter – Delfin Technologies    VapoMeter® (VX) is Delfin’s latest generation of portable TEWL meters, offering effortless operation and scientifically proven accuracy - now with a smart, ergonomic design and intelligent features that make skin barrier research more efficient than...                                              LinkedIn              #vapometer #skinscience #tewl #barrierfunction #delfintechnologies...    Introducing The New VapoMeter® (VX) – The Latest Generation of Delfin's TEWL Meter.   We are extremely proud to announce the launch of VapoMeter® (VX), Delfin's latest closed chamber device for measuring transdermal water loss (TEWL).  Designed with...

Warm thanks @lazyway for the feedback and well wishes for the future  ‘Consistency’ has been my principle in communication with all the company’s stakeholders, and in my opinion, it works very well both in listed company communication and in life in general ;D

Kari, thank you for your work at Boreo. It has been a pleasure following your presentations and interviews. You communicate things thoroughly and transparently, and your professionalism shines through in everything you do. This has certainly been one major reason why I’ve managed to stay invested in the company through the past couple of more difficult years, rather than “throwing in the towel.” Wishing you a great rest of the year and all the best in your future endeavors, wherever they may lead you.

Greetings to the forum members – Kari Nerg here. It has been nice to see the discussion around Boreo pick up recently, and hopefully, the company’s actions will continue to provide topics for active conversation in the future. In my opinion, @Olli_Vilppo has done a great job as Boreo’s new analyst, highlighting the opportunities and risks of the investment case in a balanced manner. My thanks to Olli for this! As my days in the company’s management are coming to an end, I would like to take this opportunity to thank you forum members for your activity and interest in Boreo over the past few years. In my view, the tone of the discussion has been professional, and the forum has been interesting to follow. Personally, this journey has been very rewarding, and there has been plenty of action and excitement over the last 6 years. I feel that I am leaving the company in a good position in the hands of Tuomas and the team, and I believe the company is very well-positioned to improve its performance in the coming years. If there are any questions here until the end of March that you would like me to comment on, I will be happy to answer them in my current role. After that, I will look forward to following the company’s development and the discussion here on the forum with interest. Have a great rest of the late winter, everyone! /Kari

Storm Hannes, which raged at the end of the year, and especially its Swedish cousin Johannes, seem to have a major one-off impact on the Swedish timber transport market (unfortunately behind a paywall):                   Maaseudun Tulevaisuus – 18 Feb 26              Johannes-myrsky kaatoi Ruotsissa metsää kolminkertaisesti Suomeen verrattuna    Johannes-myrsky kaatoi Ruotsissa lähes 11 miljoonaa kuutiota metsää. Suomessa sama myrsky sai nimekseen Hannes.                             That market has been quite sluggish in recent years (due to the downturn in the forest industry), and among Boreo’s companies, FloBy Nya Bilverkstad builds those timber trucks, and Lackmästarn, which it acquired, then paints them. This won’t have a huge impact on the Boreo Group as a whole, but there are these various small positive drivers appearing here and there.

A brief comment on Boreo’s result:   The result was a pleasant surprise – it provides significantly more room for maneuver than many expected.   Good operational performance in a difficult market.   Based on cash flow and earnings levels, there is a realistic possibility of reducing financing costs in the coming years, which is a significant lever for shareholder value.   The market reaction was interesting – it felt like the share price reacted more to Inderes’ view than to the result itself.   I traded the stock briefly myself, but I didn’t stay in at these levels. The main reason is not related to operational performance but to the ownership structure. I don’t like the dynamics of the main owner in this case. If the company really gains stronger momentum, I see a risk that the main owner, with private equity (PE) backing, could take the company private at a quite modest premium. A competing higher bid could theoretically emerge, but in practice, the board’s recommendation and the main owner’s position may limit the room for maneuver. In this structure:   downside risks are shared by all owners   upside control value may tilt in favor of the main owner   This doesn’t make the company operationally bad – but as an investment, the risk profile does not currently attract me to stay in for the long term.

That’s not how it works at all. You can build wealth very effectively through stocks even if the company doesn’t grow one bit. Conversely, you can lose wealth by owning high-growth, competitive companies if the purchase price is too high. What is priced into the stock price is the most essential variable, regardless of what you own.

Boreo

Boreo published its Q2 report on Thursday that operatively was nearly fully in line with our expectations. The company's businesses were in good shape and despite external challenges, financial...

<p>Boreo published its Q2 report on Thursday that operatively was nearly fully in line with our expectations. The company's businesses were in good shape and despite external challenges, financial performance is solid. The share’s valuation has risen but relative to the convincingly progressing acquisition strategy and the longer-term value creation potential it includes we do not consider the price to be too high. Thus, we consider the annual risk adjusted return expectation to still be sufficient. </p> 

	2020	21e	22e
Revenue	97.6	138.2	155.1
growth-%	63.0 %	41.6 %	12.2 %
EBIT (adj.)	5.9	9.7	12.4
EBIT-% (adj.)	6.0 %	7.0 %	8.0 %
EPS (adj.)	1.50	2.45	3.28
Dividend	0.40	0.44	0.48
Dividend %	1.4 %	2.6 %	2.8 %
P/E (adj.)	19.6	7.0	5.3
EV/EBITDA	15.1	5.4	4.1

Boreo: Solid attacking game

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Key Estimate Figures06.08.2021

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