2025 Q4 -tulosraportti
Vain PDF
23 päivää sitten
Tarjoustasot
First North Sweden
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 15 000 | - | - | ||
| 250 | - | - | ||
| 15 721 | - | - | ||
| 2 279 | - | - | ||
| 68 | - | - |
Välittäjätilasto
Dataa ei löytynyt
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q1 -tulosraportti 29.4. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q4 -tulosraportti 26.2. | ||
2025 Q3 -tulosraportti 30.10.2025 | ||
2025 Q2 -tulosraportti 31.7.2025 | ||
2025 Q1 -tulosraportti 29.4.2025 | ||
2024 Q4 -tulosraportti 14.2.2025 |
Asiakkaat katsoivat myös
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
17.3.17.3.Today’s bond agreement in general is a win for the company (maturity extended to 2028, no interest rate hike, and an interest holiday for 2 quarters). The immediate bankruptcy risk is gone if the rest of the majority of the bondholders agree to the new terms. BUT, I believe there is a hidden catch in the fine print: The company agreed to a Mandatory Paydown of EUR 10M (~114 MSEK). I might have missed something, but the UFG cash in escrow is only ~95 MSEK. They are short roughly ~19 MSEK. The terms clearly state they cannot use operational cash to plug this gap - it must come from "asset sales" or "equity raises." I don't see any other option. The Danger to Us Retail Shareholders: At the current market cap of 17M, raising 19 MSEK via a Directed Share Issue (Riktad nyemission) would mean more than doubling the share count! Our ownership would be diluted by over 50% before the company and the macro recovers! What we must do: The Board has more fair options, and we need to urge them to pick the alternative before they announce a Directed Share issue. Sell Another Asset: Sell a secondary asset (MMORPG.com or similar) to plug the gap with zero share dilution. Rights Issue (Företrädesemission): If they must raise equity, it must be a fair Rights Issue so we can buy the cheap shares too, rather than a Directed Share Issue where insiders / external investors squeeze minority shareholders out. Call to Action: You can contact their IR to politely encourage them to fund the ~19 MSEK gap via an Asset Sale or a fair Rights Issues. If they announce a Directed Share Issue to insiders, we need to block it by voting against it (I believe they need at least 90% for insiders, I don't think they will do external Directed Share Issues). Let’s protect the value of our shares!
3 päivää sitten3 päivää sittenCash at year end of 30msek covers the gap3 päivää sitten · Muokattu3 päivää sitten · MuokattuCash & cash equivalents is from operations. I believe the bondholders are blocking the company to deplete their Working Capital (though I do hope I’m wrong).- 22.2.22.2.I did a deep dive into MOBA Networks post-UFG sale. The investment thesis presents an asymmetric, somewhat speculative bet. Read the full analysis here: https://thenorthside.substack.com/p/moba-a-real-word-asymmetric-and-speculative For those short on time, here comes the TL;DR The Catalyst: MOBA sold its low-margin subsidiary for 95M SEK upfront cash, avoiding imminent bankruptcy and massive share dilution. Although the stock has re-rated significantly, the effect of this sale might not be fully priced in yet due to the uncertainty of the FY 2025 numbers that will be reported on Thursday, 26 Feb 2026. The asymmetric math: For FY 2025, I estimated an EBITDA of 30M SEK and an EV/EBITDA multiple of 4.2x with today's market cap. Because the market cap is tiny (~17M SEK) relative to its debt, the stock acts like a call option. A small increase in valuation or EBITDA could easily double the stock price . A small decrease in valuation or EBITDA could easily wipe out the implied equity value. Verdict: A textbook "distressed" special situation play where the gain could be massive, while the worst is a wipe out of your investment. This might be more of a speculative play than a value investing play. But the asymmetry and the fact that it plays out in just a few days is definitely tempting.
·17.3.Thoughts on the latest announcement? Does it ease the risk of bankruptcy?17.3.17.3.The risk of bankruptcy is most probably off - given the majority of the bondholders agree on the new terms (now it's only 55%, maybe they need at least 2/3 or 3/4). But there is high probability of share dilution, I'll post a thread. 
·31.10.2025If I understand correctly, they have 36 million in cash and over 200 million in debt. I read their report, which contains only empty words and I don't really understand what the company does. I don't know why they insist on only reporting everything in English when they are a tiny company listed in Sweden? If they think any foreign interested party will care, no one has done it before and probably won't do it now either.
·19.2.They own global gaming-related sites and apps with high traffic (guides, builds, statistics) and monetize through ad revenue. UFG, which accounted for a large part of the revenue, is now being sold for 95 mkr, while the company retains and focuses on the parts that drive higher margins. A majority of the company's revenue is from North America. Not very complicated to understand.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen 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.
2025 Q4 -tulosraportti
Vain PDF
23 päivää sitten
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.
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- 17.3.17.3.Today’s bond agreement in general is a win for the company (maturity extended to 2028, no interest rate hike, and an interest holiday for 2 quarters). The immediate bankruptcy risk is gone if the rest of the majority of the bondholders agree to the new terms. BUT, I believe there is a hidden catch in the fine print: The company agreed to a Mandatory Paydown of EUR 10M (~114 MSEK). I might have missed something, but the UFG cash in escrow is only ~95 MSEK. They are short roughly ~19 MSEK. The terms clearly state they cannot use operational cash to plug this gap - it must come from "asset sales" or "equity raises." I don't see any other option. The Danger to Us Retail Shareholders: At the current market cap of 17M, raising 19 MSEK via a Directed Share Issue (Riktad nyemission) would mean more than doubling the share count! Our ownership would be diluted by over 50% before the company and the macro recovers! What we must do: The Board has more fair options, and we need to urge them to pick the alternative before they announce a Directed Share issue. Sell Another Asset: Sell a secondary asset (MMORPG.com or similar) to plug the gap with zero share dilution. Rights Issue (Företrädesemission): If they must raise equity, it must be a fair Rights Issue so we can buy the cheap shares too, rather than a Directed Share Issue where insiders / external investors squeeze minority shareholders out. Call to Action: You can contact their IR to politely encourage them to fund the ~19 MSEK gap via an Asset Sale or a fair Rights Issues. If they announce a Directed Share Issue to insiders, we need to block it by voting against it (I believe they need at least 90% for insiders, I don't think they will do external Directed Share Issues). Let’s protect the value of our shares!3 päivää sitten3 päivää sittenCash at year end of 30msek covers the gap3 päivää sitten · Muokattu3 päivää sitten · MuokattuCash & cash equivalents is from operations. I believe the bondholders are blocking the company to deplete their Working Capital (though I do hope I’m wrong).
- 22.2.22.2.I did a deep dive into MOBA Networks post-UFG sale. The investment thesis presents an asymmetric, somewhat speculative bet. Read the full analysis here: https://thenorthside.substack.com/p/moba-a-real-word-asymmetric-and-speculative For those short on time, here comes the TL;DR The Catalyst: MOBA sold its low-margin subsidiary for 95M SEK upfront cash, avoiding imminent bankruptcy and massive share dilution. Although the stock has re-rated significantly, the effect of this sale might not be fully priced in yet due to the uncertainty of the FY 2025 numbers that will be reported on Thursday, 26 Feb 2026. The asymmetric math: For FY 2025, I estimated an EBITDA of 30M SEK and an EV/EBITDA multiple of 4.2x with today's market cap. Because the market cap is tiny (~17M SEK) relative to its debt, the stock acts like a call option. A small increase in valuation or EBITDA could easily double the stock price . A small decrease in valuation or EBITDA could easily wipe out the implied equity value. Verdict: A textbook "distressed" special situation play where the gain could be massive, while the worst is a wipe out of your investment. This might be more of a speculative play than a value investing play. But the asymmetry and the fact that it plays out in just a few days is definitely tempting.·17.3.Thoughts on the latest announcement? Does it ease the risk of bankruptcy?17.3.17.3.The risk of bankruptcy is most probably off - given the majority of the bondholders agree on the new terms (now it's only 55%, maybe they need at least 2/3 or 3/4). But there is high probability of share dilution, I'll post a thread.
- ·31.10.2025If I understand correctly, they have 36 million in cash and over 200 million in debt. I read their report, which contains only empty words and I don't really understand what the company does. I don't know why they insist on only reporting everything in English when they are a tiny company listed in Sweden? If they think any foreign interested party will care, no one has done it before and probably won't do it now either.·19.2.They own global gaming-related sites and apps with high traffic (guides, builds, statistics) and monetize through ad revenue. UFG, which accounted for a large part of the revenue, is now being sold for 95 mkr, while the company retains and focuses on the parts that drive higher margins. A majority of the company's revenue is from North America. Not very complicated to understand.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen 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
First North Sweden
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 15 000 | - | - | ||
| 250 | - | - | ||
| 15 721 | - | - | ||
| 2 279 | - | - | ||
| 68 | - | - |
Välittäjätilasto
Dataa ei löytynyt
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q1 -tulosraportti 29.4. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q4 -tulosraportti 26.2. | ||
2025 Q3 -tulosraportti 30.10.2025 | ||
2025 Q2 -tulosraportti 31.7.2025 | ||
2025 Q1 -tulosraportti 29.4.2025 | ||
2024 Q4 -tulosraportti 14.2.2025 |
2025 Q4 -tulosraportti
Vain PDF
23 päivää sitten
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 Q1 -tulosraportti 29.4. |
| Menneet tapahtumat | ||
|---|---|---|
2025 Q4 -tulosraportti 26.2. | ||
2025 Q3 -tulosraportti 30.10.2025 | ||
2025 Q2 -tulosraportti 31.7.2025 | ||
2025 Q1 -tulosraportti 29.4.2025 | ||
2024 Q4 -tulosraportti 14.2.2025 |
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- 17.3.17.3.Today’s bond agreement in general is a win for the company (maturity extended to 2028, no interest rate hike, and an interest holiday for 2 quarters). The immediate bankruptcy risk is gone if the rest of the majority of the bondholders agree to the new terms. BUT, I believe there is a hidden catch in the fine print: The company agreed to a Mandatory Paydown of EUR 10M (~114 MSEK). I might have missed something, but the UFG cash in escrow is only ~95 MSEK. They are short roughly ~19 MSEK. The terms clearly state they cannot use operational cash to plug this gap - it must come from "asset sales" or "equity raises." I don't see any other option. The Danger to Us Retail Shareholders: At the current market cap of 17M, raising 19 MSEK via a Directed Share Issue (Riktad nyemission) would mean more than doubling the share count! Our ownership would be diluted by over 50% before the company and the macro recovers! What we must do: The Board has more fair options, and we need to urge them to pick the alternative before they announce a Directed Share issue. Sell Another Asset: Sell a secondary asset (MMORPG.com or similar) to plug the gap with zero share dilution. Rights Issue (Företrädesemission): If they must raise equity, it must be a fair Rights Issue so we can buy the cheap shares too, rather than a Directed Share Issue where insiders / external investors squeeze minority shareholders out. Call to Action: You can contact their IR to politely encourage them to fund the ~19 MSEK gap via an Asset Sale or a fair Rights Issues. If they announce a Directed Share Issue to insiders, we need to block it by voting against it (I believe they need at least 90% for insiders, I don't think they will do external Directed Share Issues). Let’s protect the value of our shares!3 päivää sitten3 päivää sittenCash at year end of 30msek covers the gap3 päivää sitten · Muokattu3 päivää sitten · MuokattuCash & cash equivalents is from operations. I believe the bondholders are blocking the company to deplete their Working Capital (though I do hope I’m wrong).
- 22.2.22.2.I did a deep dive into MOBA Networks post-UFG sale. The investment thesis presents an asymmetric, somewhat speculative bet. Read the full analysis here: https://thenorthside.substack.com/p/moba-a-real-word-asymmetric-and-speculative For those short on time, here comes the TL;DR The Catalyst: MOBA sold its low-margin subsidiary for 95M SEK upfront cash, avoiding imminent bankruptcy and massive share dilution. Although the stock has re-rated significantly, the effect of this sale might not be fully priced in yet due to the uncertainty of the FY 2025 numbers that will be reported on Thursday, 26 Feb 2026. The asymmetric math: For FY 2025, I estimated an EBITDA of 30M SEK and an EV/EBITDA multiple of 4.2x with today's market cap. Because the market cap is tiny (~17M SEK) relative to its debt, the stock acts like a call option. A small increase in valuation or EBITDA could easily double the stock price . A small decrease in valuation or EBITDA could easily wipe out the implied equity value. Verdict: A textbook "distressed" special situation play where the gain could be massive, while the worst is a wipe out of your investment. This might be more of a speculative play than a value investing play. But the asymmetry and the fact that it plays out in just a few days is definitely tempting.·17.3.Thoughts on the latest announcement? Does it ease the risk of bankruptcy?17.3.17.3.The risk of bankruptcy is most probably off - given the majority of the bondholders agree on the new terms (now it's only 55%, maybe they need at least 2/3 or 3/4). But there is high probability of share dilution, I'll post a thread.
- ·31.10.2025If I understand correctly, they have 36 million in cash and over 200 million in debt. I read their report, which contains only empty words and I don't really understand what the company does. I don't know why they insist on only reporting everything in English when they are a tiny company listed in Sweden? If they think any foreign interested party will care, no one has done it before and probably won't do it now either.·19.2.They own global gaming-related sites and apps with high traffic (guides, builds, statistics) and monetize through ad revenue. UFG, which accounted for a large part of the revenue, is now being sold for 95 mkr, while the company retains and focuses on the parts that drive higher margins. A majority of the company's revenue is from North America. Not very complicated to understand.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen 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
First North Sweden
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| 15 000 | - | - | ||
| 250 | - | - | ||
| 15 721 | - | - | ||
| 2 279 | - | - | ||
| 68 | - | - |
Välittäjätilasto
Dataa ei löytynyt