contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_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
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

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

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
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

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
      id
    }
    publishers {
      imgUrl
    }
  }
}


growth-measures-depress-cash-flows-in-coming-years

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Pauli Lohi

Summa Defence is a Finnish defence and security technology group. The group provides strategic support and resources to companies in the sector, focusing on technologies related to situational awareness, mobility and protection, which benefit both civilian, security and defence sectors. The goal is to improve Finland's and Europe's overall security, security of supply and crisis management capabilities. Summa Defence is headquartered in Helsinki.

Kauppalehti wrote today about key influencers in the maritime industry:                   Tekniikka&Talous – 15 Jan 26              T&T selvitti: Nämä 12 mahtimiestä käyttävät valtaa meriteollisuuden...    Ketkä vetelevät naruja Suomen meriteollisuudessa? Tekniikka&Talous koosti heistä ensi kertaa listan ja esittelee alan 12 keskeisintä henkilöä. He ovat kaikki miehiä.                             Regarding Summa, “Työvene grew 2.5-fold last year compared to the previous year,” the journalist reported. I, on the other hand, can tell you that the previous financial year was 1.5 times longer than the comparison period and already ended in the middle of last year. The journalist only compared the revenue of the financial years and did not adjust the comparison figures in any way based on their duration. I can also tell you that since last summer, the order backlog reported by Summa has decreased significantly. I sent feedback to the journalist, as KL actually bothers to correct those nonsensical claims. Last time, following a remark, they corrected a claim stating that Summa is negotiating a 30 MEUR drone deal with a NATO country. @Maija_Vehvilainen Couldn’t your publication sharpen its journalism at least in the case of such clear hype, instead of building a bubble with these absurd claims.

I also got a ”tip” about this back in August; this was before the reverse split and the price was 40 cents. For me, it was enough to look into each company individually. I only had and still have faith in one company within its segment’s competition. So, in my books, multiple negatives just don’t add up to a plus. In the defense industry, quality is what matters, and in my view, these companies didn’t have enough of it. This thesis could very well be wrong, and some NATO country might pick up on this. My own faith just isn’t there. The company’s fumbling and way of operating have only reinforced this perception. I’ve only just started direct stock investing and am a novice at this, but it’s better to stick to indices if the investment plan is to invest based on what’s discussed on the sauna benches.

I’m not taking a stand on anything other than the hype and its impact on investing. An acquaintance of mine excitedly told me about a new Finnish defense industry company that a couple of colleagues had already invested a decent sum in as their very first stock investment. Inspired by this “surefire tip,” the plan was to also invest a relatively significant amount in this promising company relative to their personal finances. At the time, the share price was just over 10 cents. We talked about it, and ultimately, my acquaintance decided not to invest, partly due to their financial situation and partly, presumably, because our discussion helped them understand the risks involved. The next chapter of the story was written when my acquaintance noticed that the company’s share price had “jumped” to over two euros. They were regretful and noted that they had missed out on a really large sum of money. Well, we went through the reverse split and had a brief discussion about how much of the invested capital would actually be left. This true story should raise the question of whether this kind of start to one’s stock market journey encourages future investing in stocks, or whether it becomes yet another lesson for new investors, after which stock investing is no longer seen as a viable option for their money. And it’s not worth commenting on this post that risk is an essential part of investing, or whether it could have been deduced from the hype surrounding the company, or if one could have found indications of that risk by reading the company’s disclosures—the very risk that acted as the counterweight to the massive return expectations presented to new investors. I’m not blaming anyone; I’m just stating that, in my opinion, a better outcome could have been achieved here. Although nobody knows the future, and this saga might still end brilliantly.

In Finland, the Financial Supervisory Authority (FIN-FSA) is completely toothless and underfunded. It barely manages to handle the supervision of banks’ compliance with the Money Laundering Act and the cases delivered to it directly by the police.

In my opinion, a more relevant question than whether Summa belongs on the stock exchange is what kind of activities a listed company can engage in without regulatory authorities intervening at all. As recently as last summer, I considered Summa a low-quality company hyped up to a bubble valuation. Now, I consider it a scam. And I find it completely incomprehensible if a Finnish listed company is allowed to conduct the kind of investor communications Summa does without any consequences.

Sure, Summa provides plenty of material for discussion and wonder, as well as humor, but the stock exchange should be a place for serious companies, not some clown club. You can find humor elsewhere, but one would expect a bit more from the spearhead of the business world.

96% are of the opinion that it doesn’t (or at least a shake-up is needed). Without a stock exchange listing, nothing would be known about Summa Defence and we would have nothing to discuss. That’s why I hope that even junk companies are on the exchange. Summa has even more entertainment value than market value, and one can learn a lot from these if they want to.

Summa Defence

Meriaura Group operates in marine logistics and renewable energy and both business areas are linked to the reduction of carbon dioxide emissions and the transition in target markets through, e.g., EU emissions trading. 

<p>Meriaura Group operates in marine logistics and renewable energy and both business areas are linked to the reduction of carbon dioxide emissions and the transition in target markets through, e.g., EU emissions trading. The Renewable Energy businesses benefit from the Group&#x2019;s financial resources, but despite the strengthened growth, there is still significant uncertainty surrounding the earnings turnaround. In Marine Logistics, significant investments in low-emission cargo capacity will depress cash flows in the coming years, but enable long-term growth.</p>

Growth measures depress cash flows in coming years

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