It's three months since I last posted so I thought I will make small update on how I and my portfolio is doing, and to tell that the lights in this blog are still on, although apparantely less often. My posting frequency has come down radically for two reasons; first, I haven't had good new investment … Continue reading Portfolio and blog situation update Q1/2017
Reader left a comment to my earlier posts about Swedish electricity grids and their profit orientation. I have talked about investment opportunities in the grid sector here: Cheapest stock of the week: Elverket Vallentuna Ab Elverket Vallentuna revisited: Time for workout? Cheapest stock of the week: Skånska Energi Background is that energy market regulator originally … Continue reading On Swedish electricity grid business dynamics
In recent weeks and months Swedish electricity market regulator has started to publish their decisions on 2016-2019 regulatory period. In addition to maximum amount grid operators are allowed to charge from customers ("revenue cap") they include operating costs and capital expenditures for next four years based on each company's own estimates. The information gives therefore unique … Continue reading Elverket Vallentuna revisited: Time for workout?
Skånska Energi, like Elverket Vallentuna I wrote a couple of weeks ago, benefits from recent court decision which decided that energy regulator had used wrong methods to calculate how much electricity distributors are allowed to charge from their customer in 2012-2015 regulatory period. In addition it ordered new calculation method which implies that electricity distributors, … Continue reading Cheapest stock of the week: Skånska Energi
Elverket Vallentuna is a Swedish regulated electricity distributor which due to recent court order has right to charge according to my estimation about 70 mkr of unbilled electricity charges from its customers in coming years, which can be thought as extra cash as all the costs of delivering the energy has already been incurred. Cancelling … Continue reading Cheapest stock of the week: Elverket Vallentuna Ab
Arise is Swedish wind farmer trading at half of book value and is the cheapest stock I stumbled on this week. As with the other participants so far in the "Cheapest stock of the week" writing series it belongs to the "low P/B turnaround" cases. Key info 2014 (mkr): Sales 276 Core EBIT 80 NFE … Continue reading Cheapest stock of the week: Arise Ab