2026 Q2 - tulosraportti
84 päivää sitten
‧27 min
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 186 | - | - | ||
| 384 | - | - | ||
| 542 | - | - | ||
| 731 | - | - | ||
| 65 | - | - |
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 22.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 - tulosraportti 16.7. | ||
2026 Q1 - tulosraportti 30.4. | ||
2025 Q4 - tulosraportti 25.2. | ||
2025 Q3 - tulosraportti 5.11.2025 | ||
2025 Q2 - tulosraportti 12.8.2025 |
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
·8 t sitten · MuokattuDoes KOA deserve to be removed from OSEBX? I think yes. The company is traded today at an EV/EBITDA of 3.2x. An EV/EBITDA of 3.2x is generally considered a company in a deep financial crisis/huge pressure on subcontractors on price/high debt ratio. This is definitely not KOA today, a leverage of 1.6x, 90M in pure cash buffer and bankruptcy risk is completely gone. Last three quarters: Q425: R 167.5M, EBIT 9.4M (5.6%), NCF +11.5M Q126: R 179.6M, EBIT 5.5M (3.1%), NCF -4.7M Q226: R 194M, EBIT 12M (6.2%), NCF +4.3M EBIT stays positive of a certain size and shot up in Q2, proving that cost cuts have a permanent effect. The China consolidation was completed and paid for in May. October marked the elimination of the last major operational risk in Europe. NIBD/EBITDA has fallen markedly down to a safe 1.6x. I think Fredly along with many other smaller shareholders is starting to get impatient. Not because of the fundamentals, but that KOA is still priced at crisis multiples and priced as if the company collapses tomorrow. That the largest owner with management is close to bringing about a sale of the entire company could be possible. Mature frustration has been created over silence among insiders and zero information/insider purchases after Q1. The inside information about Cluses I think is the reason. Last insider purchase was 4/05. In June, negotiations started in Cluses and likely already then the management held concrete figures on sums that are definitely considered price-sensitive information. On 24/09 the silence period arrived and management was so-called double-barred from information and purchases. This is just a theory and not any absolute truth. Restructuring is often the final phase within a company if an acquisition is realistic. Cluses I believe was the last piece. Fredly has today been a shareholder for over 2 years and with his network characterized by Private Equity funds an acquisition could become reality. He has brought in capable people and turned margins upside down, but the share price is toyed with on low volume. What we are experiencing in KOA right now is in my opinion a textbook example of an inefficient market. Retail investors and robots panic sell the share down towards the 1.90s because they stare blindly at the short-term restructuring costs in Q4, while professional buyout funds rub their hands over a rolling EV/EBITDA of 3.2x. PE funds live off buying up fully scrubbed companies at the bottom of the cycle before volumes truly flow in. The Cluses approval was the definitive starting gun. My claim is that those who know how cheap this company actually is have had a legal trade ban since June. When the muzzle is taken off after the Q3 report, I believe days below 2 kroner are officially history. *Owns shares in the company myself and these are solely personal thoughts and own analysis* Open to other thoughts:
Good analysis, but I suspect you used acquisitions and delisting mostly as a rhetorical device to highlight the absurd discount the stock is trading at. - a 'provocative' wake-up call, in a way.. As you point out, the EV/EBITDA of 3.2x is a pure crisis multiple that in no way matches a leverage of 1.6x and a cleaned-up balance sheet. But a real acquisition at these levels would hit a wall. KOA has an unusually tight-knit ownership structure with many loyal shareholders - who proved their fighting spirit during the Teleios revolt - and who have held for 5+ years. As soon as a beginning possible acquisition attempt is detected, the price would rise quickly in the absence of willing sellers. None of these would sell at a fire sale to give a PE fund 90% acceptance. The question becomes rather: What will be, and when comes the actual catalyst for the repricing?
·9 t sittenCan one hope for yet another panic sell and triggering of stoploss here then. Looks like it will crawl downwards and increase the pressure until the cork pops. Did not get in with all I wanted, so hope the panic takes many here soon. Think risk/reward is starting to look very nice
·1 päivä sittenHave been in KOA for a while now, and must say it is a test of patience to be a shareholder in the company these days. Am fully aware that patience is crucial, and there was once a wise and wealthy investor who said: "The stock market is a device for transferring money from the impatient to the patient." This is surely correct, but there should most certainly come something more positive on the next Q3 report... I still think KOA is a good case, and will sit tight for now. KOA as a company is not exactly very good at proclaiming when something new is happening, and here the company's management has potential for improvement. What do you other fellow shareholders think, Carrlo & Co?
One thing I think is worth discussing after the Cluses announcement is free cash flow and how much financial headroom KOA actually has going forward. If KOA were to land a major SbW contract, there could be significant costs before revenues begin to materialize – tooling, production ramp-up, development, capex, and increased working capital. At the same time, we have restructuring costs associated with Cluses, among other things, and KOA is also going to consolidate the China business. That may of course be strategically and accounting-wise positive in the long term, but it is interesting to see what effect this will have on cash flow and capital requirements in the short term. So my question is really: Does KOA have sufficient free cash / financial headroom to take on a large SbW contract without necessitating increased debt or other financing? It is perhaps just as interesting to follow cash conversion as the EBITA margin going forward. 6.5 % EBITA is good, but if little of this actually turns into free cash, the headroom to finance growth while simultaneously returning capital to shareholders is significantly smaller. I therefore think Q3/Q4 will be interesting not just for margin development, but also to see how much real free cash KOA manages to generate after restructuring, the China consolidation, and the investments. For me, the big question now is not just how profitable KOA can become, but whether they have enough cash to finance the growth they want.
·1 päivä sittenIn at 1.94. Took what was traded at that level. Betting it is a decent entry.Hi. Thanks for the info. Am on autumn break and unable to load into excel like I often do. Mobile trading is a backup solution. Was a bit quick there. Since I did not get to buy everything on the order and the order was placed a few days earlier, I thought it was me doing the trading. Ended up with 34,000 pcs for me. Good luck with your 100 000 😃
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
Dataa ei löytynyt
2026 Q2 - tulosraportti
84 päivää sitten
‧27 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.
Foorumi
Liity keskusteluun Nordnet Socialissa
- ·8 t sitten · MuokattuDoes KOA deserve to be removed from OSEBX? I think yes. The company is traded today at an EV/EBITDA of 3.2x. An EV/EBITDA of 3.2x is generally considered a company in a deep financial crisis/huge pressure on subcontractors on price/high debt ratio. This is definitely not KOA today, a leverage of 1.6x, 90M in pure cash buffer and bankruptcy risk is completely gone. Last three quarters: Q425: R 167.5M, EBIT 9.4M (5.6%), NCF +11.5M Q126: R 179.6M, EBIT 5.5M (3.1%), NCF -4.7M Q226: R 194M, EBIT 12M (6.2%), NCF +4.3M EBIT stays positive of a certain size and shot up in Q2, proving that cost cuts have a permanent effect. The China consolidation was completed and paid for in May. October marked the elimination of the last major operational risk in Europe. NIBD/EBITDA has fallen markedly down to a safe 1.6x. I think Fredly along with many other smaller shareholders is starting to get impatient. Not because of the fundamentals, but that KOA is still priced at crisis multiples and priced as if the company collapses tomorrow. That the largest owner with management is close to bringing about a sale of the entire company could be possible. Mature frustration has been created over silence among insiders and zero information/insider purchases after Q1. The inside information about Cluses I think is the reason. Last insider purchase was 4/05. In June, negotiations started in Cluses and likely already then the management held concrete figures on sums that are definitely considered price-sensitive information. On 24/09 the silence period arrived and management was so-called double-barred from information and purchases. This is just a theory and not any absolute truth. Restructuring is often the final phase within a company if an acquisition is realistic. Cluses I believe was the last piece. Fredly has today been a shareholder for over 2 years and with his network characterized by Private Equity funds an acquisition could become reality. He has brought in capable people and turned margins upside down, but the share price is toyed with on low volume. What we are experiencing in KOA right now is in my opinion a textbook example of an inefficient market. Retail investors and robots panic sell the share down towards the 1.90s because they stare blindly at the short-term restructuring costs in Q4, while professional buyout funds rub their hands over a rolling EV/EBITDA of 3.2x. PE funds live off buying up fully scrubbed companies at the bottom of the cycle before volumes truly flow in. The Cluses approval was the definitive starting gun. My claim is that those who know how cheap this company actually is have had a legal trade ban since June. When the muzzle is taken off after the Q3 report, I believe days below 2 kroner are officially history. *Owns shares in the company myself and these are solely personal thoughts and own analysis* Open to other thoughts:Good analysis, but I suspect you used acquisitions and delisting mostly as a rhetorical device to highlight the absurd discount the stock is trading at. - a 'provocative' wake-up call, in a way.. As you point out, the EV/EBITDA of 3.2x is a pure crisis multiple that in no way matches a leverage of 1.6x and a cleaned-up balance sheet. But a real acquisition at these levels would hit a wall. KOA has an unusually tight-knit ownership structure with many loyal shareholders - who proved their fighting spirit during the Teleios revolt - and who have held for 5+ years. As soon as a beginning possible acquisition attempt is detected, the price would rise quickly in the absence of willing sellers. None of these would sell at a fire sale to give a PE fund 90% acceptance. The question becomes rather: What will be, and when comes the actual catalyst for the repricing?
- ·9 t sittenCan one hope for yet another panic sell and triggering of stoploss here then. Looks like it will crawl downwards and increase the pressure until the cork pops. Did not get in with all I wanted, so hope the panic takes many here soon. Think risk/reward is starting to look very nice
- ·1 päivä sittenHave been in KOA for a while now, and must say it is a test of patience to be a shareholder in the company these days. Am fully aware that patience is crucial, and there was once a wise and wealthy investor who said: "The stock market is a device for transferring money from the impatient to the patient." This is surely correct, but there should most certainly come something more positive on the next Q3 report... I still think KOA is a good case, and will sit tight for now. KOA as a company is not exactly very good at proclaiming when something new is happening, and here the company's management has potential for improvement. What do you other fellow shareholders think, Carrlo & Co?One thing I think is worth discussing after the Cluses announcement is free cash flow and how much financial headroom KOA actually has going forward. If KOA were to land a major SbW contract, there could be significant costs before revenues begin to materialize – tooling, production ramp-up, development, capex, and increased working capital. At the same time, we have restructuring costs associated with Cluses, among other things, and KOA is also going to consolidate the China business. That may of course be strategically and accounting-wise positive in the long term, but it is interesting to see what effect this will have on cash flow and capital requirements in the short term. So my question is really: Does KOA have sufficient free cash / financial headroom to take on a large SbW contract without necessitating increased debt or other financing? It is perhaps just as interesting to follow cash conversion as the EBITA margin going forward. 6.5 % EBITA is good, but if little of this actually turns into free cash, the headroom to finance growth while simultaneously returning capital to shareholders is significantly smaller. I therefore think Q3/Q4 will be interesting not just for margin development, but also to see how much real free cash KOA manages to generate after restructuring, the China consolidation, and the investments. For me, the big question now is not just how profitable KOA can become, but whether they have enough cash to finance the growth they want.
- ·1 päivä sittenIn at 1.94. Took what was traded at that level. Betting it is a decent entry.Hi. Thanks for the info. Am on autumn break and unable to load into excel like I often do. Mobile trading is a backup solution. Was a bit quick there. Since I did not get to buy everything on the order and the order was placed a few days earlier, I thought it was me doing the trading. Ended up with 34,000 pcs for me. Good luck with your 100 000 😃
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 |
|---|---|---|---|---|
| 186 | - | - | ||
| 384 | - | - | ||
| 542 | - | - | ||
| 731 | - | - | ||
| 65 | - | - |
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 22.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 - tulosraportti 16.7. | ||
2026 Q1 - tulosraportti 30.4. | ||
2025 Q4 - tulosraportti 25.2. | ||
2025 Q3 - tulosraportti 5.11.2025 | ||
2025 Q2 - tulosraportti 12.8.2025 |
Tuotteita joiden kohde-etuutena tämä arvopaperi
Välittäjätilasto
Dataa ei löytynyt
2026 Q2 - tulosraportti
84 päivää sitten
‧27 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 22.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 - tulosraportti 16.7. | ||
2026 Q1 - tulosraportti 30.4. | ||
2025 Q4 - tulosraportti 25.2. | ||
2025 Q3 - tulosraportti 5.11.2025 | ||
2025 Q2 - tulosraportti 12.8.2025 |
Tuotteita joiden kohde-etuutena tämä arvopaperi
Foorumi
Liity keskusteluun Nordnet Socialissa
- ·8 t sitten · MuokattuDoes KOA deserve to be removed from OSEBX? I think yes. The company is traded today at an EV/EBITDA of 3.2x. An EV/EBITDA of 3.2x is generally considered a company in a deep financial crisis/huge pressure on subcontractors on price/high debt ratio. This is definitely not KOA today, a leverage of 1.6x, 90M in pure cash buffer and bankruptcy risk is completely gone. Last three quarters: Q425: R 167.5M, EBIT 9.4M (5.6%), NCF +11.5M Q126: R 179.6M, EBIT 5.5M (3.1%), NCF -4.7M Q226: R 194M, EBIT 12M (6.2%), NCF +4.3M EBIT stays positive of a certain size and shot up in Q2, proving that cost cuts have a permanent effect. The China consolidation was completed and paid for in May. October marked the elimination of the last major operational risk in Europe. NIBD/EBITDA has fallen markedly down to a safe 1.6x. I think Fredly along with many other smaller shareholders is starting to get impatient. Not because of the fundamentals, but that KOA is still priced at crisis multiples and priced as if the company collapses tomorrow. That the largest owner with management is close to bringing about a sale of the entire company could be possible. Mature frustration has been created over silence among insiders and zero information/insider purchases after Q1. The inside information about Cluses I think is the reason. Last insider purchase was 4/05. In June, negotiations started in Cluses and likely already then the management held concrete figures on sums that are definitely considered price-sensitive information. On 24/09 the silence period arrived and management was so-called double-barred from information and purchases. This is just a theory and not any absolute truth. Restructuring is often the final phase within a company if an acquisition is realistic. Cluses I believe was the last piece. Fredly has today been a shareholder for over 2 years and with his network characterized by Private Equity funds an acquisition could become reality. He has brought in capable people and turned margins upside down, but the share price is toyed with on low volume. What we are experiencing in KOA right now is in my opinion a textbook example of an inefficient market. Retail investors and robots panic sell the share down towards the 1.90s because they stare blindly at the short-term restructuring costs in Q4, while professional buyout funds rub their hands over a rolling EV/EBITDA of 3.2x. PE funds live off buying up fully scrubbed companies at the bottom of the cycle before volumes truly flow in. The Cluses approval was the definitive starting gun. My claim is that those who know how cheap this company actually is have had a legal trade ban since June. When the muzzle is taken off after the Q3 report, I believe days below 2 kroner are officially history. *Owns shares in the company myself and these are solely personal thoughts and own analysis* Open to other thoughts:Good analysis, but I suspect you used acquisitions and delisting mostly as a rhetorical device to highlight the absurd discount the stock is trading at. - a 'provocative' wake-up call, in a way.. As you point out, the EV/EBITDA of 3.2x is a pure crisis multiple that in no way matches a leverage of 1.6x and a cleaned-up balance sheet. But a real acquisition at these levels would hit a wall. KOA has an unusually tight-knit ownership structure with many loyal shareholders - who proved their fighting spirit during the Teleios revolt - and who have held for 5+ years. As soon as a beginning possible acquisition attempt is detected, the price would rise quickly in the absence of willing sellers. None of these would sell at a fire sale to give a PE fund 90% acceptance. The question becomes rather: What will be, and when comes the actual catalyst for the repricing?
- ·9 t sittenCan one hope for yet another panic sell and triggering of stoploss here then. Looks like it will crawl downwards and increase the pressure until the cork pops. Did not get in with all I wanted, so hope the panic takes many here soon. Think risk/reward is starting to look very nice
- ·1 päivä sittenHave been in KOA for a while now, and must say it is a test of patience to be a shareholder in the company these days. Am fully aware that patience is crucial, and there was once a wise and wealthy investor who said: "The stock market is a device for transferring money from the impatient to the patient." This is surely correct, but there should most certainly come something more positive on the next Q3 report... I still think KOA is a good case, and will sit tight for now. KOA as a company is not exactly very good at proclaiming when something new is happening, and here the company's management has potential for improvement. What do you other fellow shareholders think, Carrlo & Co?One thing I think is worth discussing after the Cluses announcement is free cash flow and how much financial headroom KOA actually has going forward. If KOA were to land a major SbW contract, there could be significant costs before revenues begin to materialize – tooling, production ramp-up, development, capex, and increased working capital. At the same time, we have restructuring costs associated with Cluses, among other things, and KOA is also going to consolidate the China business. That may of course be strategically and accounting-wise positive in the long term, but it is interesting to see what effect this will have on cash flow and capital requirements in the short term. So my question is really: Does KOA have sufficient free cash / financial headroom to take on a large SbW contract without necessitating increased debt or other financing? It is perhaps just as interesting to follow cash conversion as the EBITA margin going forward. 6.5 % EBITA is good, but if little of this actually turns into free cash, the headroom to finance growth while simultaneously returning capital to shareholders is significantly smaller. I therefore think Q3/Q4 will be interesting not just for margin development, but also to see how much real free cash KOA manages to generate after restructuring, the China consolidation, and the investments. For me, the big question now is not just how profitable KOA can become, but whether they have enough cash to finance the growth they want.
- ·1 päivä sittenIn at 1.94. Took what was traded at that level. Betting it is a decent entry.Hi. Thanks for the info. Am on autumn break and unable to load into excel like I often do. Mobile trading is a backup solution. Was a bit quick there. Since I did not get to buy everything on the order and the order was placed a few days earlier, I thought it was me doing the trading. Ended up with 34,000 pcs for me. Good luck with your 100 000 😃
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 |
|---|---|---|---|---|
| 186 | - | - | ||
| 384 | - | - | ||
| 542 | - | - | ||
| 731 | - | - | ||
| 65 | - | - |
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
Dataa ei löytynyt