Ilkka, a regional news paper and big owner of publicly listed multimedia and marketplace business, Alma, sold 13,5 m. shares of the Alma stake @ 7,4 EUR last Friday. Before the transaction, Alma’s share price was 6,2 EUR, so the transaction was conducted at nice premium. That was a good thing, but pretty much the … Continue reading Ilkka: Throwing good money after bad (and a mega media merger blunder?)
Ilkka is a growing e-marketplace and multimedia company. I'm not sure it's perceived to be one, though. This is quite surprising as it's not a secret and clearly visible in the P/L statement: Last year, Ilkka's reported net earnings were 9,5 meur. Of that, 8,9 meur comes from the line called "earnings from associated companies". … Continue reading Ilkka: Growing e-marketplace business with 6,9x P/E?