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This nordic silver miner stock has underperformed bad vs silverSOTKAMO SILVER HIGHLIGHTS OF THE FIRST QUARTER 2020 Press release: Stockholm, 29 May 2020 9.45 CET Net sales was 91 MSEK (0) EBITDA was 8 MSEK (-11) EBIT was -11 MSEK (-14) Earnings per share was 0.03 SEK (-0.12) Cash and cash equivalents were 10 MSEK (33) Investments were 9 MSEK (88) The production was about 391 000 ounces silver, 998 ounces gold, 462 tonnes lead, and 958 tonnes zinc in concentrates Milled tonnes were about 129 000 and average silver head grade 110 g/tonne Safety measurement LTIFR was 10 The renegotiated secured bond of 13.2 MEUR strengthened company’s short-term cash position Comparative figures refer to the corresponding period of the previous year. CEO PAUL JOHNSSON At the end of the quarter Sotkamo Silver celebrates a year in production, but it has also been a quarter that has changed the world with the effects of COVID-19. Operationally Sotkamo Silver has not been influenced in the same way as many other industries. Our staff has so far stayed healthy and production and deliveries have been going on as planned. We processed 129,000 tonnes of ore and produced about 391,000 Oz of silver. The silver price has however dropped from levels above 17 USD/ Oz to as low as 12 USD/Oz and at the end of the reporting period stabilizing around 15 USD /Oz, which directly effects our revenues. The market environment has been unstable, and it has become clear that the future is hard to predict. Sotkamo Silver will continue the work that begun at the end of 2019; to optimize the production flows and seeking cost savings in order to be profitable in a world with volatile prices. We are on a positive EBITDA level but need to work harder to obtain a positive EBIT as well. The rights issue initiated during the first quarter was a success and was oversubscribed once completed in May. The funds raised from the issue will be welcome as cash reserve in these unstable times and will give a foundation for prolonging the life of mine.
OMXHEX:SOSI1
by savepiginvest
2
NESTE CorporationNeste Corporation is an oil refining company with 50.1% ownership by the Finnish government. Along with traditional oil refining; Neste is the worlds largest producer of "renewable diesel" and renewable hydrocarbon products produced by hydro-treatment of used cooking oil, livestock slaughterhouse tallows, and virgin vegetable oils. This constitutes exposing the oils to high pressure in a hydrogen atmosphere in the presence of metal catalysts, aka fluidized bed reactors. This is the same process whereby crude petroleum is refined. A side product of renewable hydrocarbon processing is propane; derived from the glycerol backbone of the oils that are hydrogenated into hydrocarbons. Neste owns two renewable hydrocarbon processing facilities, one in Rotterdam and one in Singapore, totaling nearly 1 billion gallons of renewable hydrocarbons produced globally per year. As technology develops and transportation energy becomes slowly weighted more and more towards electricity, the economics of hydrocarbon production changes. With low oil prices, the capex of drilling a well can not be justified. This is important because drilling oil wells is extremely expensive compared to collecting used vegetable oil for a handful of cents per liter....because that used vegetable oil was going to be amalgamated and disposed of somewhere no matter whether or not Neste is there to produce hydrocarbons from it or not. Currently there is a cost difference between petroleum hydrocarbons and renewable ones on the open market because of scale, technology, and higher demand for renewable fuels in certain markets due to government decree and usage; with this cost difference of about 1$/ gallon made up for by government subsidies. However, it is inevitable that the expense of processing either crude petroleum or organic waste feedstocks into hydrocarbons will narrow until the cost is the same. At that point spending the capital to drill a petroleum well will never be cost competitive to paying a few cents for amalgamated waste streams. This will be a very long game; but in the end I would place my bets that renewable fuels produced from amalgamated waste streams will constitute a larger and larger proportion of hydrocarbon fuels, potentially 100% by the end of this century. The quality of hydrocarbons produced from organic waste streams is also higher and can be tailored to specific carbon lengths with less processing; specifically because organic feedstocks have less contamination from heavy metals, heavy oil fractions, and all the other things that come out of the ground, along with the fact that organic feedstocks usually have a narrow hydrocarbon length range incorporated into their fats and oils. Engine health is better and maintenance cost less when using these fuels; as has been relayed by numerous fleets around the world. In summary, when demand for liquid hydrocarbons decreases due to movement towards electrical propulsion, drilling petroleum wells will become too expensive to justify given the alternative of simply collecting amalgamated waste streams. The companies that have the best processing technology and most developed feedstock supply chain will stand to benefit from this dynamic in the long run; also because they are buffered from supply changes in crude petroleum by possessing the ability to process hydrocarbons from a completely de-coupled supply chain. It seems like the market agrees with the above analysis because stock price of Neste has traded in a perfect y=mx + b when smoothing the variance, since 2011. Note the above graph is logarithmic. It has held the 200 wk MA since 2011 and it served as support during the recent crash. After recovering from the global recession at the turn of the last decade, stock price of Neste increased by a factor of 20x until now. These are very good returns which have only been enjoyed by a handful of companies often marketing consumer goods, such as Tesla, whereas Neste is a processor of a raw commodity. When observing the increase in value of stock of Neste to Chevron, for example, the comparison is stark. Time will tell how the current economic difficulties brought about by corona virus will treat stocks price of energy companies, but it can almost be certain Neste will come out of it in a stronger position of growth than Chevron.
OMXHEX:NESTELong
by Phyloader
Finnair's support zone holding - BullishHello everyone! Time for free analysis! :) Finnair has been downtrending for months now and by now we are able to trade the uptrend. In December Finnair was priced at 5.5€ and since then it has been uptrending. Support trendline has been strong and it has not been broken. When touched, it will go back up. Today Finnair has been declining for 3.5%. Good opportunity to long. Earlier in the chart I have analyzed Finnair's profit levels. (Unfortunately not in the picture). The most common price channel on Finnair has been 6.87 to 7.515. Here is what I suggest: -Long Finnair. First profit takeout: 0.236 fibo (6.410) Second profit takeout: 6.820€ Third profit takeout: 7.15€ At best there is 18% upside. Dark blue lines = low-point trendlines Light blue = top-point trendlines Feel free to leave comment! What do you think about Finnair's future?
OMXHEX:FIA1SLong
by UnknownUnicorn3848732
WARTSILA CORPORATION | A Little Positivity And It Can Do 20%+Hi, Wärtsilä is a Finnish corporation which manufactures and services power sources and other equipment in the marine and energy markets. The core products of Wärtsilä include technologies for the energy sector, including gas, multi-fuel, liquid fuel, biofuel power plants, energy storage systems and technologies for the marine sector, including cruise ships, ferries, fishing vessels, merchant ships, navy ships, special vessels, tugs, yachts, and offshore vessels. Ship design capabilities include ferries, tugs, and vessels for the fishing, merchant, offshore and special segments. Services offerings include online services, underwater services, turbocharger services, and also services for the marine, energy, and oil and gas markets. At the end of June 2018, the company employed more than 19,000 workers. Keep an eye on Wärtsilä because technically it has reached to the possible bounce area. It is a bit mixed because fundamentally it is not the best - operating profit decrease, some bad coincidences and etc. Let's see, how and if they would recover from it. If they do, then technically it is a perfect platform to make a bounce upwards because as said, technically this levels is pretty strong: 1) Monthly EMA200 should act as a support 2) Inside the marked area are 4 yearly highs, which now should act as support levels 3) 2x Fibonacci retracement 62% 4) The price has fallen from the all-time high to the golden pocket 47%-53%. Pretty often stocks make some kind of bounces just after they have reached inside the mentioned pocket. All-time high ~20, current price ~10 5) The round number 10.000 and this is the key level. 10.00 is the key level because the plan starts to work right after we have seen a Weekly candle close or a Monthly candle close above of it! If it was helpful then take a second and support my effort by hitting the "LIKE" button, it is my only fee from You! Regards, Vaido
OMXHEX:WRT1VLong
by VaidoVeek
2
Track the correlation of new management with company performanceInquiries about timing of Nokia stock buying and selling for individual positions occasionally overload our communications with investing.com users, but as a generalized response, I renew my view here. What this spike development means invst.ly from a shareholder's perspective? By owning the shares at the right time, shareholders will have the opportunity to attend the company's annual meeting to listen to management review and make questions and conclusions better than a short early investor who does not anticipate their purchase due to, for example, dividend payments. After the Annual General Meeting, timely and accurate information on the performance of the company will allow for greater consideration of the timing of the next investment decision. Day trading is different, but buying a stock is always a risk. This estimate includes the shareholder's opinion, because I have invested in the past and I keep a small amount of shares of Nokia also at the moment.
OMXHEX:NOKIALong
by MikaWirtanen
TELESTE (TLT1V) | Under The Fair Value, Potential +30-40%Hi, Another stock idea, they have been pretty accurate so, let's hope that the pattern doesn't change :) Teleste Corporation provides video and broadband solutions, and network services in Finland and internationally. I have great news for investors because it starts to approach technically a good rejection area, plus - Teleste trading below its fair value and earnings are forecasted to grow. The fair value should stay €7-8. Technical criteria: 1. The light-blue horizontal line represents a strong area. This price zone has been four-time yearly high or yearly low and currently, it should act as a support. 2. The gray trendline, it is not a textbook trendline but in the stock market, they don't have to be so perfect as they should be in Forex trading. They both make up a crossing area which is already a good sign on the Monthly chart. 3. There is also a minor red trendline, waiting for a third touch which should act as a support. 4. 50% from the recent high. Actually, the bounce-pocket stays between 47-53% and this matches exactly with our other criteria. So, a Monthly chart and a pretty solid crossing area. For short-, mid-term investors (let's say 2 months or half a year) - wait for a Weekly bullish candlestick pattern. For long-term investors - technically a good entry stays between €4.2 - €5.00 Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You! Best regards, Vaido
OMXHEX:TLT1VLong
by VaidoVeek
1
Compelling BUY based on fundamentals + technicalsTECHNICALS: Rovio has had a strong performance over the last 2 weeks, up 13%. Key support level at EUR 3.75 held. Volume also experienced a strong rebound. RSI has crossed the 30 mark, which is similar to the onset of the last bull trend in late 2018. VPVR shows PoC at EUR 4.15, again with strong support to the downside. The path to EUR 5 is relatively sparsely filled, leaving room for a price breakout. On the daily chart, 50MA turned from resistance to support. Rovio repurchased 41.5k shares on 13 Nov sending the shares up by 5.5% on the day. FUNDAMENTALS (as of Q3 2019): Recent sell-off driven by profit warning and investor fears that Rovio turns ex-growth. However, this totally ignores the financial prowess of Rovio and tech assets. No balance sheet risk. Adj EBITDA (LTM) = EUR 37.7m. EBITDA includes a EUR 10m charge for Hatch. If added back, EBITDA would have been EUR 47.7m Operating CF (LTM) of EUR 26.6m (EUR 36.6m after Hatch add-back). Market cap: EUR 348m Net cash: EUR 112m (tons of strategic flexibility here: share buybacks, refinace; cash is earmarked for M&A which has been proven slow) EV: EUR 235m EBITDA multiple (LTM): 6.2x and 4.9x (adj for Hatch) Op CF yield: 11.3% and 15.6% (adj for Hatch) Based on FY 2018, P/E of 13.9x and Div yield of 2.1% MAIN DRIVER: M&A (Hatch), EARNINGS SURPRISE Rovio is currently in talks to sell a 30% stake in Hatch Entertainment, an internally incubated mobile cloud-gaming asset. Hatch is rolling out in 23 countries (18x EU, South Korea, US, Japan) with the likes of Samsung, Vodafone, NTT Docomo. The product is live and still free but started showing ads recently. The Hatch-CEO is a long-standing F2Play company builder with a strong vision. The existing product and partnerships show he can execute. Hatch is not reflected in Rovio’s valuation at all. No revenues or value is attributed to the company valuation. A deal is expected to be announced by year-end (as per CEO’s comment on the CMD in Nov). Rovio's ownership expected to fall below 50%: Deconsolidate Hatch from Rovio's P&L + low to nil cash allocation to Hatch (expected to be injected by Hatch stake buyer) => Higher pro-forma EBITDA and no cash drain. Rovio is rolling out a number of new games in Q4 2019. This should support earnings strength. The company has been transforming into more than just Angry Birds.
RLong
by PeteSmeet
1