2026 Q1 -tulosraportti
37 päivää sitten
‧20 min
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 193 | - | - | ||
| 1 335 | - | - | ||
| 95 | - | - | ||
| 5 958 | - | - | ||
| 135 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 1 649 919 | 1 649 919 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 1 649 919 | 1 649 919 | 0 | 0 |
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q2 -tulosraportti 24.7. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q1 -tulosraportti 29.4. | ||
2025 Q4 -tulosraportti 4.2. | ||
2025 Q3 -tulosraportti 23.10.2025 | ||
2025 Q2 -tulosraportti 22.7.2025 | ||
2025 Q1 -tulosraportti 6.5.2025 |
Asiakkaat katsoivat myös
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
·1 päivä sitten · MuokattuThis company caught my interest due to low valuation. But here there are many reasons why the value is low. Gross payable debt (390 million of the debt is settled with shares) of 5.4 billion when revenue is approx. 5.3 billion in '26 is very high. What is perhaps worse is that the earn-out debt is increasing. It is, among other things, linked to Jawaker and when things go well, the earn-out debt increases even if the company is performing poorly. Here we could end up with even higher debt than what we see today. Furthermore, it is quite unsettling to see the revenue decline for "other games". It seems uncontrollable, and I bet much of the negative development is linked to consumers in North America. The prospects here are not good, and it is difficult to see light at the end of the tunnel regarding the development. Given this, it is difficult to see that the profit level can be maintained going forward, and then it is even harder to estimate how far down it will go. Does UAC need to go up a lot to curb the development, and how much does Stillfront need to invest in product development to appear relevant to players? Impossible to say from the outside, I think. What do you think? Input on prospects, errors or misunderstandings?
·12 t sittenI think you're overlooking a few things: 1. The debt is high, we can state that, with a total net debt of approx. 5.0mdkr per Q1-26. With the deal communicated this week and the settlement of EO for 2025 taking place now in June, as well as with the cash flow generation for the quarter, I estimate that net debt will decrease to approx. 4.5-4.6mdkr per Q2-26. Still high but decreasing and has been doing so for 3-4 years. Only EO for 2026 remains to be paid out, then all contingent considerations are fully settled. The risk of a significant upward adjustment of EO to Jawaker is low/non-existent. 2. The revenue decline in Other Games is something the company has actively chosen; it's not something that came as a shock to them. They have moved games to other studios/countries/franchises, shut down unprofitable and low-margin games, etc., to increase profitability in the group, and increase focus on the really well-performing and valuable assets (i.e., Key Franchises). Furthermore, one must take into account that FX (which is completely outside SF's control) has strongly impacted our reported figures. However, given how the Swedish krona has developed against foreign USD during Q2, I assess that the biggest negative effect of FX is behind us. 3. The profit level has increased if one looks at the margins. This is the result of point 2 above, shutting down unprofitable/low-margin titles. UAC will need to increase going forward as new games are launched; anything else would be strange and tells me that one doesn't really understand how the gaming sector works. Take Big Farm Homestead as an example, where SF poured approx. 80mkr into UAC during Q1 in connection with the global launch. The game generated, say, 80-90mkr for SF in Q1, so the margin for that game in Q1 was very low, but the investment in UAC will create enormous opportunities for the game to be long-lived and a success for a long time to come. So, the investment in UAC made in Q1 will contribute to large revenues going forward. Looking at how the game has developed in Q2 also confirms my thought. My conclusion is that the company is well on its way to succeeding with a significant turnaround. The valuation today is extremely low, and I believe the stock can easily be 1-2x higher within just 1-2 years. This is my largest holding by far; I have bought in over the past year and especially this year when the stock fell sharply due to outflows.·8 t sittenAgree with this as well. There is 1 year left until EO are finally settled, so the cash flow 12 months ahead goes to those founders. It will take another 1 year to reduce the debt to a relatively OK level given their current profitability. A lot can happen until then, which I buy into. However, I assess R/R as very attractive from here. Thanks for the good chat!- ·1 päivä sittenVery positive about yesterday's PM regarding early settlement and the sale of OFM Studios. Overall, Stillfront's net debt is reduced by ~6%, while the risk in the company is further reduced and the consolidated financial statements become significantly more focused on actual revenues and our Key Franchises. Assuming the transactions occur before the end of Q2, I estimate that the net debt as of June 30 should amount to approximately 4,5mdkr (+/- 150mkr). With today's MCAP, this indicates an FCF/EV of approximately 10,5% with certain assumptions. I think the risk in the case has decreased significantly, to the extent that we should see a multiple expansion going forward. Short selling continues to increase and keeps the stock below technical resistance, which explains the desert walk. The positive thing here is that there are no fundamental short sellers but only quant short sellers. Disappointed that they are not initiating a proactive buyback program, I see no covenants in the bond prospectuses that prevent them from doing this as they meet the exceptions for restricted payments. Nor do I see any insider purchases from either the board, management, or principal owners - strongly critical that they are not acting more forcefully and signaling more clearly to the market about the turnaround they are successfully implementing.
·28.5.Recommends everyone listen about Stillfront and Hacksaw in the podcast below: https://open.spotify.com/episode/53kfuibpjiUTb5G7w5fqIY?si=yQs4dNl0SEejUy2kpygA8g&pi=M0Zw8dnbSNC5L&t=1471 From 21.05 min into the Podcast we hear Preben Rash-Olsen, one of Norway's top-ranked analysts for 20 years, tell us that Stillfront is now on sale and that the share price can reach 20-30kr during 2026. That's a 400%-600% percent increase in 7 months, so there's no lack of potential here. Preben also recommends Hacksaw in the podcast, which has really started to pick up speed, but still has a lot of room to grow.- ·21.5.Warhammer Supremacy released in beta for iOS today. Positive but very delayed. Hope the hype doesn't die out before the game goes into global launch. Also wrote below on Placera yesterday. I think the stock has stabilized well here around 5.30-5.70kr recently after the report and seems to be building strength to advance upwards. I think the company today is extremely undervalued, both considering the current situation and the company's potential. This follows from broken market confidence after several years of negative organic growth, broken promises, and high indebtedness. One can begin to discern that organic growth from here has turned trend and is moving towards being positive. The phasing out of low-margin games is still ongoing, but Key Franchises are developing very strongly and showing double-digit growth, which is very exciting. The currency has naturally hit Stillfront hard, but from here, YoY comparisons should be significantly less affected by the currency. Warhammer Supremacy is delayed but should be released in H2 along with a strong launch of Big Farm Homestead where SF has deployed a lot of UAC, which should mean continued high revenue generation in Q2 and beyond. Jawaker did not perform particularly strongly in Q1, due to Ramadan and the Iran/USA situation. Hopefully, it will return to HDD already in Q2, but I expect it might take until Q3. Regardless, it's going like a train. Indebtedness has slowly been paid down, and Stillfront has during spring 2026 handled many of the loans that would mature in 2027, which has significantly extended the maturity structure so that essentially no significant loan maturities remain in the coming years apart from the loan from Svensk Exportkredit. All potential/unjustified worry about a new share issue is thus gone. Only earn-outs for 2025 and 2026 now remain to be paid out, which means that from here we can see the light at the end of the tunnel for when cash flow generation will accrue to shareholders instead of selling shareholders. Also a new board that sees themselves as significantly more entrepreneurial and proactive than the previous board. I expect them to actually act on what they have said, with all that it entails. The strategic review is ongoing, what is it expected to yield? Why not launch a new share buyback program and, above all, a large proactive program aimed at canceling 5-10% of Stillfront's share capital? Right now, that would be an investment of 125-250mkr, which I personally assess to be within Stillfront's financial capacity. Regardless, incredibly exciting times at Stillfront. The stock can easily double from here without being expensive, R/R is therefore very attractive.
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.
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.
2026 Q1 -tulosraportti
37 päivää sitten
‧20 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
Kirjaudu
- ·1 päivä sitten · MuokattuThis company caught my interest due to low valuation. But here there are many reasons why the value is low. Gross payable debt (390 million of the debt is settled with shares) of 5.4 billion when revenue is approx. 5.3 billion in '26 is very high. What is perhaps worse is that the earn-out debt is increasing. It is, among other things, linked to Jawaker and when things go well, the earn-out debt increases even if the company is performing poorly. Here we could end up with even higher debt than what we see today. Furthermore, it is quite unsettling to see the revenue decline for "other games". It seems uncontrollable, and I bet much of the negative development is linked to consumers in North America. The prospects here are not good, and it is difficult to see light at the end of the tunnel regarding the development. Given this, it is difficult to see that the profit level can be maintained going forward, and then it is even harder to estimate how far down it will go. Does UAC need to go up a lot to curb the development, and how much does Stillfront need to invest in product development to appear relevant to players? Impossible to say from the outside, I think. What do you think? Input on prospects, errors or misunderstandings?·12 t sittenI think you're overlooking a few things: 1. The debt is high, we can state that, with a total net debt of approx. 5.0mdkr per Q1-26. With the deal communicated this week and the settlement of EO for 2025 taking place now in June, as well as with the cash flow generation for the quarter, I estimate that net debt will decrease to approx. 4.5-4.6mdkr per Q2-26. Still high but decreasing and has been doing so for 3-4 years. Only EO for 2026 remains to be paid out, then all contingent considerations are fully settled. The risk of a significant upward adjustment of EO to Jawaker is low/non-existent. 2. The revenue decline in Other Games is something the company has actively chosen; it's not something that came as a shock to them. They have moved games to other studios/countries/franchises, shut down unprofitable and low-margin games, etc., to increase profitability in the group, and increase focus on the really well-performing and valuable assets (i.e., Key Franchises). Furthermore, one must take into account that FX (which is completely outside SF's control) has strongly impacted our reported figures. However, given how the Swedish krona has developed against foreign USD during Q2, I assess that the biggest negative effect of FX is behind us. 3. The profit level has increased if one looks at the margins. This is the result of point 2 above, shutting down unprofitable/low-margin titles. UAC will need to increase going forward as new games are launched; anything else would be strange and tells me that one doesn't really understand how the gaming sector works. Take Big Farm Homestead as an example, where SF poured approx. 80mkr into UAC during Q1 in connection with the global launch. The game generated, say, 80-90mkr for SF in Q1, so the margin for that game in Q1 was very low, but the investment in UAC will create enormous opportunities for the game to be long-lived and a success for a long time to come. So, the investment in UAC made in Q1 will contribute to large revenues going forward. Looking at how the game has developed in Q2 also confirms my thought. My conclusion is that the company is well on its way to succeeding with a significant turnaround. The valuation today is extremely low, and I believe the stock can easily be 1-2x higher within just 1-2 years. This is my largest holding by far; I have bought in over the past year and especially this year when the stock fell sharply due to outflows.·8 t sittenAgree with this as well. There is 1 year left until EO are finally settled, so the cash flow 12 months ahead goes to those founders. It will take another 1 year to reduce the debt to a relatively OK level given their current profitability. A lot can happen until then, which I buy into. However, I assess R/R as very attractive from here. Thanks for the good chat!
- ·1 päivä sittenVery positive about yesterday's PM regarding early settlement and the sale of OFM Studios. Overall, Stillfront's net debt is reduced by ~6%, while the risk in the company is further reduced and the consolidated financial statements become significantly more focused on actual revenues and our Key Franchises. Assuming the transactions occur before the end of Q2, I estimate that the net debt as of June 30 should amount to approximately 4,5mdkr (+/- 150mkr). With today's MCAP, this indicates an FCF/EV of approximately 10,5% with certain assumptions. I think the risk in the case has decreased significantly, to the extent that we should see a multiple expansion going forward. Short selling continues to increase and keeps the stock below technical resistance, which explains the desert walk. The positive thing here is that there are no fundamental short sellers but only quant short sellers. Disappointed that they are not initiating a proactive buyback program, I see no covenants in the bond prospectuses that prevent them from doing this as they meet the exceptions for restricted payments. Nor do I see any insider purchases from either the board, management, or principal owners - strongly critical that they are not acting more forcefully and signaling more clearly to the market about the turnaround they are successfully implementing.
- ·28.5.Recommends everyone listen about Stillfront and Hacksaw in the podcast below: https://open.spotify.com/episode/53kfuibpjiUTb5G7w5fqIY?si=yQs4dNl0SEejUy2kpygA8g&pi=M0Zw8dnbSNC5L&t=1471 From 21.05 min into the Podcast we hear Preben Rash-Olsen, one of Norway's top-ranked analysts for 20 years, tell us that Stillfront is now on sale and that the share price can reach 20-30kr during 2026. That's a 400%-600% percent increase in 7 months, so there's no lack of potential here. Preben also recommends Hacksaw in the podcast, which has really started to pick up speed, but still has a lot of room to grow.
- ·21.5.Warhammer Supremacy released in beta for iOS today. Positive but very delayed. Hope the hype doesn't die out before the game goes into global launch. Also wrote below on Placera yesterday. I think the stock has stabilized well here around 5.30-5.70kr recently after the report and seems to be building strength to advance upwards. I think the company today is extremely undervalued, both considering the current situation and the company's potential. This follows from broken market confidence after several years of negative organic growth, broken promises, and high indebtedness. One can begin to discern that organic growth from here has turned trend and is moving towards being positive. The phasing out of low-margin games is still ongoing, but Key Franchises are developing very strongly and showing double-digit growth, which is very exciting. The currency has naturally hit Stillfront hard, but from here, YoY comparisons should be significantly less affected by the currency. Warhammer Supremacy is delayed but should be released in H2 along with a strong launch of Big Farm Homestead where SF has deployed a lot of UAC, which should mean continued high revenue generation in Q2 and beyond. Jawaker did not perform particularly strongly in Q1, due to Ramadan and the Iran/USA situation. Hopefully, it will return to HDD already in Q2, but I expect it might take until Q3. Regardless, it's going like a train. Indebtedness has slowly been paid down, and Stillfront has during spring 2026 handled many of the loans that would mature in 2027, which has significantly extended the maturity structure so that essentially no significant loan maturities remain in the coming years apart from the loan from Svensk Exportkredit. All potential/unjustified worry about a new share issue is thus gone. Only earn-outs for 2025 and 2026 now remain to be paid out, which means that from here we can see the light at the end of the tunnel for when cash flow generation will accrue to shareholders instead of selling shareholders. Also a new board that sees themselves as significantly more entrepreneurial and proactive than the previous board. I expect them to actually act on what they have said, with all that it entails. The strategic review is ongoing, what is it expected to yield? Why not launch a new share buyback program and, above all, a large proactive program aimed at canceling 5-10% of Stillfront's share capital? Right now, that would be an investment of 125-250mkr, which I personally assess to be within Stillfront's financial capacity. Regardless, incredibly exciting times at Stillfront. The stock can easily double from here without being expensive, R/R is therefore very attractive.
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 |
|---|---|---|---|---|
| 193 | - | - | ||
| 1 335 | - | - | ||
| 95 | - | - | ||
| 5 958 | - | - | ||
| 135 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 1 649 919 | 1 649 919 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 1 649 919 | 1 649 919 | 0 | 0 |
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q2 -tulosraportti 24.7. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q1 -tulosraportti 29.4. | ||
2025 Q4 -tulosraportti 4.2. | ||
2025 Q3 -tulosraportti 23.10.2025 | ||
2025 Q2 -tulosraportti 22.7.2025 | ||
2025 Q1 -tulosraportti 6.5.2025 |
2026 Q1 -tulosraportti
37 päivää sitten
‧20 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: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q2 -tulosraportti 24.7. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q1 -tulosraportti 29.4. | ||
2025 Q4 -tulosraportti 4.2. | ||
2025 Q3 -tulosraportti 23.10.2025 | ||
2025 Q2 -tulosraportti 22.7.2025 | ||
2025 Q1 -tulosraportti 6.5.2025 |
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·1 päivä sitten · MuokattuThis company caught my interest due to low valuation. But here there are many reasons why the value is low. Gross payable debt (390 million of the debt is settled with shares) of 5.4 billion when revenue is approx. 5.3 billion in '26 is very high. What is perhaps worse is that the earn-out debt is increasing. It is, among other things, linked to Jawaker and when things go well, the earn-out debt increases even if the company is performing poorly. Here we could end up with even higher debt than what we see today. Furthermore, it is quite unsettling to see the revenue decline for "other games". It seems uncontrollable, and I bet much of the negative development is linked to consumers in North America. The prospects here are not good, and it is difficult to see light at the end of the tunnel regarding the development. Given this, it is difficult to see that the profit level can be maintained going forward, and then it is even harder to estimate how far down it will go. Does UAC need to go up a lot to curb the development, and how much does Stillfront need to invest in product development to appear relevant to players? Impossible to say from the outside, I think. What do you think? Input on prospects, errors or misunderstandings?·12 t sittenI think you're overlooking a few things: 1. The debt is high, we can state that, with a total net debt of approx. 5.0mdkr per Q1-26. With the deal communicated this week and the settlement of EO for 2025 taking place now in June, as well as with the cash flow generation for the quarter, I estimate that net debt will decrease to approx. 4.5-4.6mdkr per Q2-26. Still high but decreasing and has been doing so for 3-4 years. Only EO for 2026 remains to be paid out, then all contingent considerations are fully settled. The risk of a significant upward adjustment of EO to Jawaker is low/non-existent. 2. The revenue decline in Other Games is something the company has actively chosen; it's not something that came as a shock to them. They have moved games to other studios/countries/franchises, shut down unprofitable and low-margin games, etc., to increase profitability in the group, and increase focus on the really well-performing and valuable assets (i.e., Key Franchises). Furthermore, one must take into account that FX (which is completely outside SF's control) has strongly impacted our reported figures. However, given how the Swedish krona has developed against foreign USD during Q2, I assess that the biggest negative effect of FX is behind us. 3. The profit level has increased if one looks at the margins. This is the result of point 2 above, shutting down unprofitable/low-margin titles. UAC will need to increase going forward as new games are launched; anything else would be strange and tells me that one doesn't really understand how the gaming sector works. Take Big Farm Homestead as an example, where SF poured approx. 80mkr into UAC during Q1 in connection with the global launch. The game generated, say, 80-90mkr for SF in Q1, so the margin for that game in Q1 was very low, but the investment in UAC will create enormous opportunities for the game to be long-lived and a success for a long time to come. So, the investment in UAC made in Q1 will contribute to large revenues going forward. Looking at how the game has developed in Q2 also confirms my thought. My conclusion is that the company is well on its way to succeeding with a significant turnaround. The valuation today is extremely low, and I believe the stock can easily be 1-2x higher within just 1-2 years. This is my largest holding by far; I have bought in over the past year and especially this year when the stock fell sharply due to outflows.·8 t sittenAgree with this as well. There is 1 year left until EO are finally settled, so the cash flow 12 months ahead goes to those founders. It will take another 1 year to reduce the debt to a relatively OK level given their current profitability. A lot can happen until then, which I buy into. However, I assess R/R as very attractive from here. Thanks for the good chat!
- ·1 päivä sittenVery positive about yesterday's PM regarding early settlement and the sale of OFM Studios. Overall, Stillfront's net debt is reduced by ~6%, while the risk in the company is further reduced and the consolidated financial statements become significantly more focused on actual revenues and our Key Franchises. Assuming the transactions occur before the end of Q2, I estimate that the net debt as of June 30 should amount to approximately 4,5mdkr (+/- 150mkr). With today's MCAP, this indicates an FCF/EV of approximately 10,5% with certain assumptions. I think the risk in the case has decreased significantly, to the extent that we should see a multiple expansion going forward. Short selling continues to increase and keeps the stock below technical resistance, which explains the desert walk. The positive thing here is that there are no fundamental short sellers but only quant short sellers. Disappointed that they are not initiating a proactive buyback program, I see no covenants in the bond prospectuses that prevent them from doing this as they meet the exceptions for restricted payments. Nor do I see any insider purchases from either the board, management, or principal owners - strongly critical that they are not acting more forcefully and signaling more clearly to the market about the turnaround they are successfully implementing.
- ·28.5.Recommends everyone listen about Stillfront and Hacksaw in the podcast below: https://open.spotify.com/episode/53kfuibpjiUTb5G7w5fqIY?si=yQs4dNl0SEejUy2kpygA8g&pi=M0Zw8dnbSNC5L&t=1471 From 21.05 min into the Podcast we hear Preben Rash-Olsen, one of Norway's top-ranked analysts for 20 years, tell us that Stillfront is now on sale and that the share price can reach 20-30kr during 2026. That's a 400%-600% percent increase in 7 months, so there's no lack of potential here. Preben also recommends Hacksaw in the podcast, which has really started to pick up speed, but still has a lot of room to grow.
- ·21.5.Warhammer Supremacy released in beta for iOS today. Positive but very delayed. Hope the hype doesn't die out before the game goes into global launch. Also wrote below on Placera yesterday. I think the stock has stabilized well here around 5.30-5.70kr recently after the report and seems to be building strength to advance upwards. I think the company today is extremely undervalued, both considering the current situation and the company's potential. This follows from broken market confidence after several years of negative organic growth, broken promises, and high indebtedness. One can begin to discern that organic growth from here has turned trend and is moving towards being positive. The phasing out of low-margin games is still ongoing, but Key Franchises are developing very strongly and showing double-digit growth, which is very exciting. The currency has naturally hit Stillfront hard, but from here, YoY comparisons should be significantly less affected by the currency. Warhammer Supremacy is delayed but should be released in H2 along with a strong launch of Big Farm Homestead where SF has deployed a lot of UAC, which should mean continued high revenue generation in Q2 and beyond. Jawaker did not perform particularly strongly in Q1, due to Ramadan and the Iran/USA situation. Hopefully, it will return to HDD already in Q2, but I expect it might take until Q3. Regardless, it's going like a train. Indebtedness has slowly been paid down, and Stillfront has during spring 2026 handled many of the loans that would mature in 2027, which has significantly extended the maturity structure so that essentially no significant loan maturities remain in the coming years apart from the loan from Svensk Exportkredit. All potential/unjustified worry about a new share issue is thus gone. Only earn-outs for 2025 and 2026 now remain to be paid out, which means that from here we can see the light at the end of the tunnel for when cash flow generation will accrue to shareholders instead of selling shareholders. Also a new board that sees themselves as significantly more entrepreneurial and proactive than the previous board. I expect them to actually act on what they have said, with all that it entails. The strategic review is ongoing, what is it expected to yield? Why not launch a new share buyback program and, above all, a large proactive program aimed at canceling 5-10% of Stillfront's share capital? Right now, that would be an investment of 125-250mkr, which I personally assess to be within Stillfront's financial capacity. Regardless, incredibly exciting times at Stillfront. The stock can easily double from here without being expensive, R/R is therefore very attractive.
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 |
|---|---|---|---|---|
| 193 | - | - | ||
| 1 335 | - | - | ||
| 95 | - | - | ||
| 5 958 | - | - | ||
| 135 | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Ostaneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 1 649 919 | 1 649 919 | 0 | 0 |
Myyneet eniten
| Välittäjä | Ostettu | Myyty | Netto | Sisäinen |
|---|---|---|---|---|
| Anonyymi | 1 649 919 | 1 649 919 | 0 | 0 |