2026 Q2 - tulosraportti
41 päivää sitten
‧26 min
1,25 DKK/osake
Viimeisin osinko
2,55%Tuotto/v
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 150 | - | - | ||
| 350 | - | - | ||
| 100 | - | - | ||
| 119 | - | - | ||
| 79 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
Mikään rahasto ei ilmoita osaketta kymmenen suurimman omistuksensa joukossa.
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 - tulosraportti 4.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 - tulosraportti 21.8. | ||
2026 Q1 - tulosraportti 12.5. | ||
2025 Q4 - tulosraportti 26.2. | ||
2025 Q3 - tulosraportti 4.11.2025 | ||
2025 Q2 - tulosraportti 22.8.2025 |
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
·3 t sittenNorth Media: The market is still giving me the operations for free I have taken a closer look at North Media A/S following the update of the securities portfolio to market prices around September 30, 2026. 1. The equity portfolio alone is worth more than the entire company North Media's listed portfolio consists of, among others, NVIDIA, Microsoft, Apple, Teradyne, Amazon, Novo Nordisk, Genmab, MercadoLibre, Sea, and NKT. Based on the published portfolio in the Q2 report and current market prices, I estimate the portfolio at approximately 985.5 million DKK. North Media has: 20.055 million issued shares and 2.03 million treasury shares, leaving 18.02 million shares in free float If the market valued the equity portfolio solely 1:1, the value per share would be 54.67 DKK. Compared to a share price around 49.10 DKK, this gives a potential of approximately +11 % Already here, investors are getting the rest of North Media cheaper than zero. 2. What is the market actually saying? At a share price of 49.10 DKK, North Media's market capitalization is approximately 885 million DKK, but the portfolio is approximately 985.5 million DKK. The difference is thus approx. -100 million DKK. The market therefore values collectively: FK Distribution BoligPortal Bekey Dayli BEAM Karman Connect the properties the cash reserve at minus 100 million DKK - That is a quite unusual discount. 3. The properties alone lift the value significantly The Q2 report shows: Properties: 242.8 million DKK Mortgage debt: 96.3 million DKK Net property value: 146.5 million DKK If one adds the equity portfolio and net properties, but continues to value the rest of the operations at zero, you get 1,132 million DKK. This corresponds to 62.80 DKK per share or approximately 28 % above the current price. My Sum-of-the-Parts (SOTP) I have previously made a full SOTP based on: Current equity portfolio Cash Properties Karman Connect and other investments FK Distribution BoligPortal Dayli Bekey BEAM Deduction for debt, tax, and group costs My core assessment looks like this: Component Value (million DKK)Equity portfolio 985 Cash and other investments 98 Net properties 161 FK Distribution 560 BoligPortal 350 Bekey 25 Dayli 20 BEAM 9 SDR 0 Deduction for tax, leasing, group, etc. -146 Total SOTP approx. 2,062 With 18.02 million outstanding shares, this gives 114 DKK per share This corresponds to more than +130 % above today's price. 4. What is the most important part? I actually do not think that the investment case depends on whether the SOTP is 100 DKK, 114 DKK, or 125 DKK. The strongest argument is much simpler: You can buy North Media for around 49 DKK, even though the equity portfolio alone corresponds to around 55 DKK per share. Thus, you in practice get: Denmark's strongest distribution business (FK Distribution) BoligPortal The property portfolio Bekey Dayli BEAM Karman Connect The cash reserve for free. I find it hard to find many Danish listed companies where you can buy the operations at an implicit negative value, while the company continues to generate positive operations and sits on a capital buffer of over 1 billion DKK. My conclusion: Even if you completely disregard the full SOTP value, North Media appears significantly undervalued. The stock currently trades below the value of the listed equity portfolio, and in my opinion, that is the most interesting observation in the entire case. I can therefore only support the proposal to cancel treasury shares, begin selling the equity portfolio, and use the proceeds to buy back own shares with the aim of canceling them.
·25.9.Interesting case, a bit like buying a tech-focused fund and getting a PE fund or VC thrown in, at a discount. Is there anything wrong with the portfolio, apart from it being volatile? High liquidity in the shares, and perhaps doesn't have a fund manager for daily follow-up, but the return is presumably relatively good, whether it is luck or skill - even if the share price doesn't fully reflect it. Always scary with shares where 200k moves the entire book...
24.9.in the short term, the market is a voting machine. In the long-term, it is a weighing machine
·22.9.
The most important changes since September 18 are: * Teradyne: +11.7 mil. DKK * Nvidia: +10.6 mil. DKK * Novo Nordisk: −8.3 mil. DKK * Apple and Microsoft combined: +3.6 mil. DKK The calculation uses US closing prices from September 22, including Nvidia at USD 228.87, and current Danish prices: Novo Nordisk 253.90 DKK, Genmab 2,303 DKK and NKT 940 DKK. USD/DKK is 6.5513, while the net asset value of the Maj Invest fund is 163.81 DKK. North Media is simultaneously at 48.90 DKK. Thus: * Economic market value excl. treasury shares: 881.4 mil. DKK * The portfolio exceeds the market value by 106.6 mil. DKK * The North Media share trades 10.8 % below the value of the securities portfolio alone This assumes unchanged holdings since July 31 and carries forward SpaceX at 5.6 mil. DKK. Due to rounded, published position values, I would estimate a reasonable interval at approx. 985–991 mil. DKK.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tuotteita joiden kohde-etuutena tämä arvopaperi
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 9 433 | 9 433 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 9 433 | 9 433 | 0 | 0 |
2026 Q2 - tulosraportti
41 päivää sitten
‧26 min
1,25 DKK/osake
Viimeisin osinko
2,55%Tuotto/v
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·3 t sittenNorth Media: The market is still giving me the operations for free I have taken a closer look at North Media A/S following the update of the securities portfolio to market prices around September 30, 2026. 1. The equity portfolio alone is worth more than the entire company North Media's listed portfolio consists of, among others, NVIDIA, Microsoft, Apple, Teradyne, Amazon, Novo Nordisk, Genmab, MercadoLibre, Sea, and NKT. Based on the published portfolio in the Q2 report and current market prices, I estimate the portfolio at approximately 985.5 million DKK. North Media has: 20.055 million issued shares and 2.03 million treasury shares, leaving 18.02 million shares in free float If the market valued the equity portfolio solely 1:1, the value per share would be 54.67 DKK. Compared to a share price around 49.10 DKK, this gives a potential of approximately +11 % Already here, investors are getting the rest of North Media cheaper than zero. 2. What is the market actually saying? At a share price of 49.10 DKK, North Media's market capitalization is approximately 885 million DKK, but the portfolio is approximately 985.5 million DKK. The difference is thus approx. -100 million DKK. The market therefore values collectively: FK Distribution BoligPortal Bekey Dayli BEAM Karman Connect the properties the cash reserve at minus 100 million DKK - That is a quite unusual discount. 3. The properties alone lift the value significantly The Q2 report shows: Properties: 242.8 million DKK Mortgage debt: 96.3 million DKK Net property value: 146.5 million DKK If one adds the equity portfolio and net properties, but continues to value the rest of the operations at zero, you get 1,132 million DKK. This corresponds to 62.80 DKK per share or approximately 28 % above the current price. My Sum-of-the-Parts (SOTP) I have previously made a full SOTP based on: Current equity portfolio Cash Properties Karman Connect and other investments FK Distribution BoligPortal Dayli Bekey BEAM Deduction for debt, tax, and group costs My core assessment looks like this: Component Value (million DKK)Equity portfolio 985 Cash and other investments 98 Net properties 161 FK Distribution 560 BoligPortal 350 Bekey 25 Dayli 20 BEAM 9 SDR 0 Deduction for tax, leasing, group, etc. -146 Total SOTP approx. 2,062 With 18.02 million outstanding shares, this gives 114 DKK per share This corresponds to more than +130 % above today's price. 4. What is the most important part? I actually do not think that the investment case depends on whether the SOTP is 100 DKK, 114 DKK, or 125 DKK. The strongest argument is much simpler: You can buy North Media for around 49 DKK, even though the equity portfolio alone corresponds to around 55 DKK per share. Thus, you in practice get: Denmark's strongest distribution business (FK Distribution) BoligPortal The property portfolio Bekey Dayli BEAM Karman Connect The cash reserve for free. I find it hard to find many Danish listed companies where you can buy the operations at an implicit negative value, while the company continues to generate positive operations and sits on a capital buffer of over 1 billion DKK. My conclusion: Even if you completely disregard the full SOTP value, North Media appears significantly undervalued. The stock currently trades below the value of the listed equity portfolio, and in my opinion, that is the most interesting observation in the entire case. I can therefore only support the proposal to cancel treasury shares, begin selling the equity portfolio, and use the proceeds to buy back own shares with the aim of canceling them.
- ·25.9.Interesting case, a bit like buying a tech-focused fund and getting a PE fund or VC thrown in, at a discount. Is there anything wrong with the portfolio, apart from it being volatile? High liquidity in the shares, and perhaps doesn't have a fund manager for daily follow-up, but the return is presumably relatively good, whether it is luck or skill - even if the share price doesn't fully reflect it. Always scary with shares where 200k moves the entire book...
- 24.9.in the short term, the market is a voting machine. In the long-term, it is a weighing machine
- ·22.9.The most important changes since September 18 are: * Teradyne: +11.7 mil. DKK * Nvidia: +10.6 mil. DKK * Novo Nordisk: −8.3 mil. DKK * Apple and Microsoft combined: +3.6 mil. DKK The calculation uses US closing prices from September 22, including Nvidia at USD 228.87, and current Danish prices: Novo Nordisk 253.90 DKK, Genmab 2,303 DKK and NKT 940 DKK. USD/DKK is 6.5513, while the net asset value of the Maj Invest fund is 163.81 DKK. North Media is simultaneously at 48.90 DKK. Thus: * Economic market value excl. treasury shares: 881.4 mil. DKK * The portfolio exceeds the market value by 106.6 mil. DKK * The North Media share trades 10.8 % below the value of the securities portfolio alone This assumes unchanged holdings since July 31 and carries forward SpaceX at 5.6 mil. DKK. Due to rounded, published position values, I would estimate a reasonable interval at approx. 985–991 mil. DKK.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 150 | - | - | ||
| 350 | - | - | ||
| 100 | - | - | ||
| 119 | - | - | ||
| 79 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
Mikään rahasto ei ilmoita osaketta kymmenen suurimman omistuksensa joukossa.
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 - tulosraportti 4.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 - tulosraportti 21.8. | ||
2026 Q1 - tulosraportti 12.5. | ||
2025 Q4 - tulosraportti 26.2. | ||
2025 Q3 - tulosraportti 4.11.2025 | ||
2025 Q2 - tulosraportti 22.8.2025 |
Tuotteita joiden kohde-etuutena tämä arvopaperi
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 9 433 | 9 433 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 9 433 | 9 433 | 0 | 0 |
2026 Q2 - tulosraportti
41 päivää sitten
‧26 min
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 - tulosraportti 4.11. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 - tulosraportti 21.8. | ||
2026 Q1 - tulosraportti 12.5. | ||
2025 Q4 - tulosraportti 26.2. | ||
2025 Q3 - tulosraportti 4.11.2025 | ||
2025 Q2 - tulosraportti 22.8.2025 |
Tuotteita joiden kohde-etuutena tämä arvopaperi
1,25 DKK/osake
Viimeisin osinko
2,55%Tuotto/v
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·3 t sittenNorth Media: The market is still giving me the operations for free I have taken a closer look at North Media A/S following the update of the securities portfolio to market prices around September 30, 2026. 1. The equity portfolio alone is worth more than the entire company North Media's listed portfolio consists of, among others, NVIDIA, Microsoft, Apple, Teradyne, Amazon, Novo Nordisk, Genmab, MercadoLibre, Sea, and NKT. Based on the published portfolio in the Q2 report and current market prices, I estimate the portfolio at approximately 985.5 million DKK. North Media has: 20.055 million issued shares and 2.03 million treasury shares, leaving 18.02 million shares in free float If the market valued the equity portfolio solely 1:1, the value per share would be 54.67 DKK. Compared to a share price around 49.10 DKK, this gives a potential of approximately +11 % Already here, investors are getting the rest of North Media cheaper than zero. 2. What is the market actually saying? At a share price of 49.10 DKK, North Media's market capitalization is approximately 885 million DKK, but the portfolio is approximately 985.5 million DKK. The difference is thus approx. -100 million DKK. The market therefore values collectively: FK Distribution BoligPortal Bekey Dayli BEAM Karman Connect the properties the cash reserve at minus 100 million DKK - That is a quite unusual discount. 3. The properties alone lift the value significantly The Q2 report shows: Properties: 242.8 million DKK Mortgage debt: 96.3 million DKK Net property value: 146.5 million DKK If one adds the equity portfolio and net properties, but continues to value the rest of the operations at zero, you get 1,132 million DKK. This corresponds to 62.80 DKK per share or approximately 28 % above the current price. My Sum-of-the-Parts (SOTP) I have previously made a full SOTP based on: Current equity portfolio Cash Properties Karman Connect and other investments FK Distribution BoligPortal Dayli Bekey BEAM Deduction for debt, tax, and group costs My core assessment looks like this: Component Value (million DKK)Equity portfolio 985 Cash and other investments 98 Net properties 161 FK Distribution 560 BoligPortal 350 Bekey 25 Dayli 20 BEAM 9 SDR 0 Deduction for tax, leasing, group, etc. -146 Total SOTP approx. 2,062 With 18.02 million outstanding shares, this gives 114 DKK per share This corresponds to more than +130 % above today's price. 4. What is the most important part? I actually do not think that the investment case depends on whether the SOTP is 100 DKK, 114 DKK, or 125 DKK. The strongest argument is much simpler: You can buy North Media for around 49 DKK, even though the equity portfolio alone corresponds to around 55 DKK per share. Thus, you in practice get: Denmark's strongest distribution business (FK Distribution) BoligPortal The property portfolio Bekey Dayli BEAM Karman Connect The cash reserve for free. I find it hard to find many Danish listed companies where you can buy the operations at an implicit negative value, while the company continues to generate positive operations and sits on a capital buffer of over 1 billion DKK. My conclusion: Even if you completely disregard the full SOTP value, North Media appears significantly undervalued. The stock currently trades below the value of the listed equity portfolio, and in my opinion, that is the most interesting observation in the entire case. I can therefore only support the proposal to cancel treasury shares, begin selling the equity portfolio, and use the proceeds to buy back own shares with the aim of canceling them.
- ·25.9.Interesting case, a bit like buying a tech-focused fund and getting a PE fund or VC thrown in, at a discount. Is there anything wrong with the portfolio, apart from it being volatile? High liquidity in the shares, and perhaps doesn't have a fund manager for daily follow-up, but the return is presumably relatively good, whether it is luck or skill - even if the share price doesn't fully reflect it. Always scary with shares where 200k moves the entire book...
- 24.9.in the short term, the market is a voting machine. In the long-term, it is a weighing machine
- ·22.9.The most important changes since September 18 are: * Teradyne: +11.7 mil. DKK * Nvidia: +10.6 mil. DKK * Novo Nordisk: −8.3 mil. DKK * Apple and Microsoft combined: +3.6 mil. DKK The calculation uses US closing prices from September 22, including Nvidia at USD 228.87, and current Danish prices: Novo Nordisk 253.90 DKK, Genmab 2,303 DKK and NKT 940 DKK. USD/DKK is 6.5513, while the net asset value of the Maj Invest fund is 163.81 DKK. North Media is simultaneously at 48.90 DKK. Thus: * Economic market value excl. treasury shares: 881.4 mil. DKK * The portfolio exceeds the market value by 106.6 mil. DKK * The North Media share trades 10.8 % below the value of the securities portfolio alone This assumes unchanged holdings since July 31 and carries forward SpaceX at 5.6 mil. DKK. Due to rounded, published position values, I would estimate a reasonable interval at approx. 985–991 mil. DKK.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 150 | - | - | ||
| 350 | - | - | ||
| 100 | - | - | ||
| 119 | - | - | ||
| 79 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
Mikään rahasto ei ilmoita osaketta kymmenen suurimman omistuksensa joukossa.
Asiakkaat katsoivat myös
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 9 433 | 9 433 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 9 433 | 9 433 | 0 | 0 |