2026 Q1 -tulosraportti
12 päivää sitten
‧38 min
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
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
Dataa ei löytynyt
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q2 -tulosraportti 20.8. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q1 -tulosraportti 27.5. | ||
2025 Q4 -tulosraportti 27.1. | ||
2025 Q3 -tulosraportti 6.11.2025 | ||
2025 Q2 -tulosraportti 22.8.2025 | ||
2025 Q1 -tulosraportti 23.5.2025 |
Asiakkaat katsoivat myös
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
27.5.27.5.
27.5.27.5.Hieno raportti kyllä! Tämän yhtiön kohdalla on niin suuri epäsuhta osakkeen hinnoittelun ja yrityksen kehityssuunnan välillä, että monesti tulee epäilyksiä mieleen, että onko tässä joku kusetus menossa. Nämä tällaiset raportit ainakin vähentävät näitä epäilyksiä. Olen itsekin suhteettoman suurella painolla mukana tässä, mutta ostan varmaan lisää kunhan on taas löysää rahaa.
27.5.27.5.nyt se selvisi, raketti lähti alustalta....
·25.5.In short: with an ownership stake of **approx. 69.7%**, Benner Holding GmbH has absolute control, but he can **not** compulsorily redeem you (squeeze‑out) from this level. A compulsory redemption requires **95% of votes** in Germany, and in Norway (as you might know) the threshold is 90% – Benner is below the threshold in both places.[1][2][3][4] ## Consequences of a 69.7% ownership stake **1. Full control over practically all decisions** - 69.7% is **over 75%** as required for a "szczep majority" (qualified majority) under German rules for extraordinary decisions, such as: - Amendments to articles of association, - Capital increases with exclusion of subscription rights, - Sale of entire divisions, - Election of the supervisory board, - Forming potential domination agreements (group agreement).[5][6] - He can thus **uniquely initiate** and adopt most strategic decisions – including proceeding with AEP or shelving it, changing capital structure, listing/delisting the share, etc. This is a real strength for you as investors who believe in the vision, but a weakness if you disagree with the majority. **2. The margin of safety for the minority is weak** - With 69.7%, the free float is only **30.3%**, and the share can become very illiquid. - The main shareholder can: - Change strategy, - Choose aggressive debt financing or capital increases that are **not** optimal for the minority, - and new decisions will be adopted regardless of whether you agree. But there is **no automatic mechanism** that pushes you out of the company. ## Can he compulsorily redeem you now? **No.** - German stock corporation law (AktG) allows squeeze‑out only when the main shareholder has **≥ 95%** of the votes.[4][6] - Norway requires **≥ 90%** for compulsory redemption.[2][1] - Benner has **69.7%**, he is far below both thresholds. So today you are **not** in a situation where he can "compulsorily redeem" you or force you out against your will. ## What scenarios could still be bad for you? ### 1. Future squeeze‑out (if he buys more) If Benner later increases his stake to **≥ 95%**, for example: - On the stock exchange (gradual purchase), or - By absorbing shares from other large shareholders, he can **-initiate a squeeze‑out** against the minority:[6][4] - He officially sends a demand for squeeze‑out through his group. - The company holds a general meeting. - **Reasonable cash compensation** (fair cash compensation) must be paid, typically based on experts (IDW S1 audit report) and assessed by a court.[4][6] - Minorities can: - Accept the offer, - Demand higher compensation through a conciliation committee/arbitration, - Or block the effectiveness for a short period with a legal objection. But again: this requires 95% + – not 69.7%. ### 2. Group agreements (domination agreement) and cash flow extraction A more subtle and realistic risk with 69.7% is corporate organization via **domination agreement** (control and profit transfer agreement):[6] - If the main shareholder has **≥ 75%** (which he does), he can: - initiate a **domination agreement** between the stock corporation and himself, - adopt it with a 75% majority in the general meeting, - and thereby gain the right to give **binding instructions** to the board and management. Consequences for you: - Cash flow can be upstreamed to the group to a greater extent to service debt (e.g., AEP debt or refinancing of the 8.875% bond), - The company can be forced to provide collateral for other entities in the group, - The minority gets even less influence over strategy and cash flow. But this **still requires:** - A 75% decision in the general meeting (which Benner has), - **Fair compensation** for the minorities (e.g., guaranteed dividend), - Registration in the commercial register. This is not a compulsory redemption, but it can be a **real value creation** for the minorities. ### 3. Capital increase with exclusion of subscription rights Another possibility: - With 69.7%, Benner can initiate a capital increase with **exclusion of subscription rights** (without a rights issue for the minority).[5] - This can: - Dilute cautiously or aggressively, depending on how much new capital is issued, - Force a situation where if you don't participate, your share will fall further and further. But: - The company must have a legal basis for exclusion (e.g., "transfer of capital" for a larger transaction), - A qualified majority (75%) is required, which Benner has, - Minorities can in certain cases receive compensation if the exclusion is unreasonable. This is a **high-risk, but legal**, possibility for Benner. ## Concrete worst‑case scenarios for you as a minority shareholder With 69.7%, the most likely "bad cases" are not squeeze‑out, but: ### 1. Aggressive dilution - Benner initiates a capital increase excluding you, e.g., to finance AEP or refinancing. - You cannot buy new shares at the same price, and your share falls. - If the capital increase is large, you could end up with < 5–10% of the company, with even less influence. ### 2. Excessive use of cash flow for debt - Dominik Benner controls the group, and c25.5.25.5.With AEP deal there will be 2 million new shares so Benner’s ownership decreases. As his plan is to build this a compounder with 5 billion revenue, his ownership will decrease more with new acquisitions in the future. I don’t think he will take this private.- ·21.5.+35% over the last week, what is that due to?
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
Ei uutisia tällä hetkellä
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
12 päivää sitten
‧38 min
Uutiset
Ei uutisia tällä hetkellä
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
- 27.5.27.5.27.5.27.5.Hieno raportti kyllä! Tämän yhtiön kohdalla on niin suuri epäsuhta osakkeen hinnoittelun ja yrityksen kehityssuunnan välillä, että monesti tulee epäilyksiä mieleen, että onko tässä joku kusetus menossa. Nämä tällaiset raportit ainakin vähentävät näitä epäilyksiä. Olen itsekin suhteettoman suurella painolla mukana tässä, mutta ostan varmaan lisää kunhan on taas löysää rahaa.
- 27.5.27.5.nyt se selvisi, raketti lähti alustalta....
- ·25.5.In short: with an ownership stake of **approx. 69.7%**, Benner Holding GmbH has absolute control, but he can **not** compulsorily redeem you (squeeze‑out) from this level. A compulsory redemption requires **95% of votes** in Germany, and in Norway (as you might know) the threshold is 90% – Benner is below the threshold in both places.[1][2][3][4] ## Consequences of a 69.7% ownership stake **1. Full control over practically all decisions** - 69.7% is **over 75%** as required for a "szczep majority" (qualified majority) under German rules for extraordinary decisions, such as: - Amendments to articles of association, - Capital increases with exclusion of subscription rights, - Sale of entire divisions, - Election of the supervisory board, - Forming potential domination agreements (group agreement).[5][6] - He can thus **uniquely initiate** and adopt most strategic decisions – including proceeding with AEP or shelving it, changing capital structure, listing/delisting the share, etc. This is a real strength for you as investors who believe in the vision, but a weakness if you disagree with the majority. **2. The margin of safety for the minority is weak** - With 69.7%, the free float is only **30.3%**, and the share can become very illiquid. - The main shareholder can: - Change strategy, - Choose aggressive debt financing or capital increases that are **not** optimal for the minority, - and new decisions will be adopted regardless of whether you agree. But there is **no automatic mechanism** that pushes you out of the company. ## Can he compulsorily redeem you now? **No.** - German stock corporation law (AktG) allows squeeze‑out only when the main shareholder has **≥ 95%** of the votes.[4][6] - Norway requires **≥ 90%** for compulsory redemption.[2][1] - Benner has **69.7%**, he is far below both thresholds. So today you are **not** in a situation where he can "compulsorily redeem" you or force you out against your will. ## What scenarios could still be bad for you? ### 1. Future squeeze‑out (if he buys more) If Benner later increases his stake to **≥ 95%**, for example: - On the stock exchange (gradual purchase), or - By absorbing shares from other large shareholders, he can **-initiate a squeeze‑out** against the minority:[6][4] - He officially sends a demand for squeeze‑out through his group. - The company holds a general meeting. - **Reasonable cash compensation** (fair cash compensation) must be paid, typically based on experts (IDW S1 audit report) and assessed by a court.[4][6] - Minorities can: - Accept the offer, - Demand higher compensation through a conciliation committee/arbitration, - Or block the effectiveness for a short period with a legal objection. But again: this requires 95% + – not 69.7%. ### 2. Group agreements (domination agreement) and cash flow extraction A more subtle and realistic risk with 69.7% is corporate organization via **domination agreement** (control and profit transfer agreement):[6] - If the main shareholder has **≥ 75%** (which he does), he can: - initiate a **domination agreement** between the stock corporation and himself, - adopt it with a 75% majority in the general meeting, - and thereby gain the right to give **binding instructions** to the board and management. Consequences for you: - Cash flow can be upstreamed to the group to a greater extent to service debt (e.g., AEP debt or refinancing of the 8.875% bond), - The company can be forced to provide collateral for other entities in the group, - The minority gets even less influence over strategy and cash flow. But this **still requires:** - A 75% decision in the general meeting (which Benner has), - **Fair compensation** for the minorities (e.g., guaranteed dividend), - Registration in the commercial register. This is not a compulsory redemption, but it can be a **real value creation** for the minorities. ### 3. Capital increase with exclusion of subscription rights Another possibility: - With 69.7%, Benner can initiate a capital increase with **exclusion of subscription rights** (without a rights issue for the minority).[5] - This can: - Dilute cautiously or aggressively, depending on how much new capital is issued, - Force a situation where if you don't participate, your share will fall further and further. But: - The company must have a legal basis for exclusion (e.g., "transfer of capital" for a larger transaction), - A qualified majority (75%) is required, which Benner has, - Minorities can in certain cases receive compensation if the exclusion is unreasonable. This is a **high-risk, but legal**, possibility for Benner. ## Concrete worst‑case scenarios for you as a minority shareholder With 69.7%, the most likely "bad cases" are not squeeze‑out, but: ### 1. Aggressive dilution - Benner initiates a capital increase excluding you, e.g., to finance AEP or refinancing. - You cannot buy new shares at the same price, and your share falls. - If the capital increase is large, you could end up with < 5–10% of the company, with even less influence. ### 2. Excessive use of cash flow for debt - Dominik Benner controls the group, and c25.5.25.5.With AEP deal there will be 2 million new shares so Benner’s ownership decreases. As his plan is to build this a compounder with 5 billion revenue, his ownership will decrease more with new acquisitions in the future. I don’t think he will take this private.
- ·21.5.+35% over the last week, what is that due to?
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 |
|---|---|---|---|---|
| - | - | - | - |
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
Dataa ei löytynyt
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q2 -tulosraportti 20.8. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q1 -tulosraportti 27.5. | ||
2025 Q4 -tulosraportti 27.1. | ||
2025 Q3 -tulosraportti 6.11.2025 | ||
2025 Q2 -tulosraportti 22.8.2025 | ||
2025 Q1 -tulosraportti 23.5.2025 |
2026 Q1 -tulosraportti
12 päivää sitten
‧38 min
Uutiset
Ei uutisia tällä hetkellä
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 20.8. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q1 -tulosraportti 27.5. | ||
2025 Q4 -tulosraportti 27.1. | ||
2025 Q3 -tulosraportti 6.11.2025 | ||
2025 Q2 -tulosraportti 22.8.2025 | ||
2025 Q1 -tulosraportti 23.5.2025 |
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- 27.5.27.5.27.5.27.5.Hieno raportti kyllä! Tämän yhtiön kohdalla on niin suuri epäsuhta osakkeen hinnoittelun ja yrityksen kehityssuunnan välillä, että monesti tulee epäilyksiä mieleen, että onko tässä joku kusetus menossa. Nämä tällaiset raportit ainakin vähentävät näitä epäilyksiä. Olen itsekin suhteettoman suurella painolla mukana tässä, mutta ostan varmaan lisää kunhan on taas löysää rahaa.
- 27.5.27.5.nyt se selvisi, raketti lähti alustalta....
- ·25.5.In short: with an ownership stake of **approx. 69.7%**, Benner Holding GmbH has absolute control, but he can **not** compulsorily redeem you (squeeze‑out) from this level. A compulsory redemption requires **95% of votes** in Germany, and in Norway (as you might know) the threshold is 90% – Benner is below the threshold in both places.[1][2][3][4] ## Consequences of a 69.7% ownership stake **1. Full control over practically all decisions** - 69.7% is **over 75%** as required for a "szczep majority" (qualified majority) under German rules for extraordinary decisions, such as: - Amendments to articles of association, - Capital increases with exclusion of subscription rights, - Sale of entire divisions, - Election of the supervisory board, - Forming potential domination agreements (group agreement).[5][6] - He can thus **uniquely initiate** and adopt most strategic decisions – including proceeding with AEP or shelving it, changing capital structure, listing/delisting the share, etc. This is a real strength for you as investors who believe in the vision, but a weakness if you disagree with the majority. **2. The margin of safety for the minority is weak** - With 69.7%, the free float is only **30.3%**, and the share can become very illiquid. - The main shareholder can: - Change strategy, - Choose aggressive debt financing or capital increases that are **not** optimal for the minority, - and new decisions will be adopted regardless of whether you agree. But there is **no automatic mechanism** that pushes you out of the company. ## Can he compulsorily redeem you now? **No.** - German stock corporation law (AktG) allows squeeze‑out only when the main shareholder has **≥ 95%** of the votes.[4][6] - Norway requires **≥ 90%** for compulsory redemption.[2][1] - Benner has **69.7%**, he is far below both thresholds. So today you are **not** in a situation where he can "compulsorily redeem" you or force you out against your will. ## What scenarios could still be bad for you? ### 1. Future squeeze‑out (if he buys more) If Benner later increases his stake to **≥ 95%**, for example: - On the stock exchange (gradual purchase), or - By absorbing shares from other large shareholders, he can **-initiate a squeeze‑out** against the minority:[6][4] - He officially sends a demand for squeeze‑out through his group. - The company holds a general meeting. - **Reasonable cash compensation** (fair cash compensation) must be paid, typically based on experts (IDW S1 audit report) and assessed by a court.[4][6] - Minorities can: - Accept the offer, - Demand higher compensation through a conciliation committee/arbitration, - Or block the effectiveness for a short period with a legal objection. But again: this requires 95% + – not 69.7%. ### 2. Group agreements (domination agreement) and cash flow extraction A more subtle and realistic risk with 69.7% is corporate organization via **domination agreement** (control and profit transfer agreement):[6] - If the main shareholder has **≥ 75%** (which he does), he can: - initiate a **domination agreement** between the stock corporation and himself, - adopt it with a 75% majority in the general meeting, - and thereby gain the right to give **binding instructions** to the board and management. Consequences for you: - Cash flow can be upstreamed to the group to a greater extent to service debt (e.g., AEP debt or refinancing of the 8.875% bond), - The company can be forced to provide collateral for other entities in the group, - The minority gets even less influence over strategy and cash flow. But this **still requires:** - A 75% decision in the general meeting (which Benner has), - **Fair compensation** for the minorities (e.g., guaranteed dividend), - Registration in the commercial register. This is not a compulsory redemption, but it can be a **real value creation** for the minorities. ### 3. Capital increase with exclusion of subscription rights Another possibility: - With 69.7%, Benner can initiate a capital increase with **exclusion of subscription rights** (without a rights issue for the minority).[5] - This can: - Dilute cautiously or aggressively, depending on how much new capital is issued, - Force a situation where if you don't participate, your share will fall further and further. But: - The company must have a legal basis for exclusion (e.g., "transfer of capital" for a larger transaction), - A qualified majority (75%) is required, which Benner has, - Minorities can in certain cases receive compensation if the exclusion is unreasonable. This is a **high-risk, but legal**, possibility for Benner. ## Concrete worst‑case scenarios for you as a minority shareholder With 69.7%, the most likely "bad cases" are not squeeze‑out, but: ### 1. Aggressive dilution - Benner initiates a capital increase excluding you, e.g., to finance AEP or refinancing. - You cannot buy new shares at the same price, and your share falls. - If the capital increase is large, you could end up with < 5–10% of the company, with even less influence. ### 2. Excessive use of cash flow for debt - Dominik Benner controls the group, and c25.5.25.5.With AEP deal there will be 2 million new shares so Benner’s ownership decreases. As his plan is to build this a compounder with 5 billion revenue, his ownership will decrease more with new acquisitions in the future. I don’t think he will take this private.
- ·21.5.+35% over the last week, what is that due to?
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 |
|---|---|---|---|---|
| - | - | - | - |
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
Dataa ei löytynyt