contentSlug

type

ContentPage_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentPage_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  createdAt
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
    forum {
      threadUrl
    }
    defaultInstrument {
      symbol
      id
    }
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    pageUrl
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
  ... on Webcast {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        threadUrl
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      ...ExtensiveCoverage_Company
      defaultInstrument {
        isin
        id
        symbol
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    pageUrl
    ... on CompanyReport {
      reportUrl
      researchContentUrl
      researchContent {
        title
        lang
        pdfUrl
        relatedContent {
          __typename
          ...PublishingDetails
          ...Reactions
          id
        }
        content {
          title
          lang
          htmlBody
          publishedAt
          createdAt
          changedAt
          isOutdated
          isPremium
        }
      }
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
    ...ExtensiveCoverage_Snapshot
  }
  ...TrendingContent_1jQ2Cn
}

fragment ExtensiveCoverage_Company on Company {
  id
  defaultInstrument {
    estimateData {
      researchCurrency
      estimates {
        date
        recommendation
        targetPrice
      }
    }
    id
  }
}

fragment ExtensiveCoverage_Snapshot on Content {
  __isContent: __typename
  companies {
    id
    defaultInstrument {
      snapshot {
        transaction {
          date
          recommendation
          targetPrice
        }
      }
      id
    }
  }
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      name
      id
    }
  }
}


inderes-oyj-managers-transactions-mikael-rautanen-10

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

pageUrl

publishers

authors

reactionGroups

translations

imgUrl

description

changedAt

Inderes operates in the financial industry. The company provides a community platform for investors and listed companies. Via the platform, users can communicate with each other and exchange investment tips. The customers consist of both companies and private individuals. In addition, the company offers analysis services and a basis for investment decisions. The largest operations are in the Nordic region.

Inderes              Inderes Oyj - Johdon liiketoimet – Mikael Rautanen    Inderes Oyj, Yhtiötiedote, johtohenkilöiden liiketoimet, 10.11.2026 klo 14.00Inderes Oyj - Johdon liiketoimet – Mikael Rautanen______________________________________IlmoitusvelvollinenNimi: ...                             Transaction date: 2026-11-09 Trading venue: FIRST NORTH GROWTH MARKET FINLAND (FSME) Instrument type: SHARE ISIN: FI4000348651 Nature of the transaction: ACQUISITION Detailed transaction information (1): Volume: 1,435 Unit price: 16.8 EUR (2): Volume: 15 Unit price: 16.75 EUR Aggregated transaction information (2): Volume: 1,450 Average price: 16.79948 EUR

In Finland, at least Bittium and Afarak have done this before. No others come to mind right away, but then again, these weren’t large corporations at the time either. Sure, it probably doesn’t make sense to go after share repurchases of under 10% of the share capital from the market, but that isn’t very far from a typical 6% dividend and is therefore entirely doable. In addition, dividends also cause immediate losses to the taxman for the owner, so that too comes with its own significant costs.                   Bittium              Stock Exchange & Press Releases                              https://www.globenewswire.com/fr/news-release/2019/06/07/1865931/0/fi/AFARAK-GROUP-OYJ-N-JULKINEN-OSTOTARJOUS-OMISTA-OSAKKEISTA-ALKAA-10-6-2019-OSTOTARJOUKSEN-TARJOUSVASTIKE-ON-1-015-EUROA-OSAKKEELTA.html There are also tons of similar examples abroad, as that kind of practice is more common there: https://live.euronext.com/en/products/equities/company-news/2025-02-25-wilh-wilhelmsen-holding-asa-initiating-offer-buy-back-own                   Vend              Vend Marketplaces ASA (VENDA/VENDB) - Share buyback result    17.6.2025 19:39:51 CEST | Vend Marketplaces ASA | Inside information

I haven’t looked into how this would be possible here within the regulatory framework in more detail, but at the very least it would require a dedicated authorization from the general meeting of shareholders, and then the execution would require its own tender offer document, advisors, and an investment bank/brokerage. In other words, for a small cap, we’re talking about an entirely different scale of costs compared to buying from the open market.

What about the case of a tender offer where shares tendered in the buyout offer are accepted on a pro rata basis? In that scenario, all shareholders have the opportunity to sell their shares to the company at the offered price, and if more shares are tendered than the company intends to buy, a portion is purchased from everyone. In my opinion, many small companies whose valuation the board considers to be below fair value, and where there are clear sellers among shareholders, should make an open tender offer to everyone at roughly the current market price, for example. That way, a seller hitting the bid aggressively could get rid of their shares (along with others who might want to sell at around the current price) without disrupting regular stock exchange trading. For some reason, people only ever comment on the targeted buyback scenario, even though tender offers like that are very common, as far as I understand, in North America and right here in the Nordics within the bond (JVK) market.

The CEO reached into his pocket and walked to the bank to buy shares in his company.                   Inderes              Inderes Oyj - Johdon liiketoimet – Mikael Rautanen    Inderes Oyj, Yhtiötiedote, johtohenkilöiden liiketoimet, 6.11.2026 klo 13.30Inderes Oyj - Johdon liiketoimet – Mikael Rautanen______________________________________IlmoitusvelvollinenNimi: Mikael...

I’ve actually looked into this with people wiser than me, including those who have experience with it. Short answer: damn difficult and expensive, makes no sense unless several millions of euros are on the table. The Limited Liability Companies Act in particular is a challenge here and requires a significant amount of manual work (ensuring equal treatment of shareholders in the case of a targeted repurchase). Running a share buyback program, on the other hand, is straightforward, carries a reasonable monthly cost, and doesn’t require lawyers or bankers.

With the new share buyback program having started, it crossed my mind: how easy/expensive would it be for Inderes to make a tender offer for, say, 5% of the shares at, for instance, 16 euros? After all, there are shareholders among the owners who sell on a regular basis. How do the costs break down between a “regular” buyback program and a tender offer?

Inderes

Inderes Oyj, Company announcement, Managers' Transactions, November 10, 2026, at 2:00 pm EETInderes Oyj - Managers' Transactions – Mikael Rautanen____________________________________________Person...

Inderes Oyj, Company announcement, Managers' Transactions, November 10, 2026, at 2:00 pm EETInderes Oyj - Managers' Transactions – Mikael Rautanen____________________________________________Person subject to the notification requirementName: Mikael RautanenPosition: Chief Executive OfficerIssuer: Inderes OyjLEI: 743700YUG3JFXUHHP957Notification type: INITIAL NOTIFICATIONReference number: 179826/7/4____________________________________________Transaction date: 2026-11-09Venue: FIRST NORTH GROWTH MARKET FINLAND (FSME)Instrument type: SHAREISIN: FI4000348651Nature of transaction: ACQUISITIONTransaction details(1): Volume: 1435 Unit price: 16.8 EUR(2): Volume: 15 Unit price: 16.75 EURAggregated transactions (2):Volume: 1450 Volume weighted average price: 16.79948 EUR