Johnny P

@pangpangyanjiu1 might not wanna use adjusted ebitda when the adjustments are bullshit and there is a lot of D&A necessary to run the business

$HFG at <2x EV/adjusted EBITDA seems worth another go. Unrelated, but they must wish they had a higher-margin business they could leverage their customer base in, ad business is really transforming other previously low-margin retail businesses these days.

@jacobsogaard @PerNordnet no "subject to agm approval" Just the board and the management deciding to do this on their own. They should be fired, the whole lot.

@jacobsogaard @PerNordnet Pretty tone deaf of the board and management to make a deal selling the most valuable asset of the company, without asking any shareholders and without any "out" - wont comment on breakup fee, wont comment on lockup and says this is a "done deal" with no chance of a higher bid

Investortræthed i GN Store Nord? Oh, yes! Investorerne er udmattede efter for mange fejlskud. Der er gang i short nedlukningen. Tankevækkende, at der kan købes mere end 250.000 aktier tilbage uden at det har nogen som helst kurspåvirkende effekt #aktier #dkbiz Figur: GN Store Nord - aktiekurs vs shortsalg Kilde: zirium.dk/short-watch-de…

@Spsk2000 @financeamir i mean sure but flat guidance YoY and one quarter doesnt really matter They have yet to return to anything that isnt mid to high single digit revenue decline while they "churn through low value customers" (how long should they be allowed to use that excuse for?)

@JohnnyP31915 @financeamir It is better than it looks. "FCF highest level since 2021." "We grew MK AEBIT from EUR 365 million in 2024 to EUR 486 million in 2025" +33% "Regarding RTE, while the full-year margin was slightly negative at -1.2%, the category returned to a positive 6.6% margin in Q4."

There is a new boss in town

@Spsk2000 @financeamir Their buybacks has been mostly been funded by cash already in the company, not cash flow, and their "efficiency reset" continues by shedding revenues and barely having positive fcf

@financeamir Revenue decline mid single digit 3-6% trots RTE drag som förväntas fortsätta under ett antal kvartal 2026.

@Vincent_XCVI @value_invest12 only 3 more years now until the efficiency reset has been completed (for real this time)

@value_invest12 thoughts on $hfg?

GN Store Nord sells Hearing Aid business, almost half of their turnover and profits, and, for most people, the best division within their company And the decision was made purely by mgmt & BoD. And shareholders have absolutely no say in this although the CEO "respects them"

@value_invest12 @MultibaggerRsch @mauerstrasse ive seen different aggregators use different numbers

@JohnnyP31915 @MultibaggerRsch @mauerstrasse Ok, I see the initial post calculated 0/FCF on the lower market cap.

$BMBL is one of the most interesting potential turnaround plays on the market right now. P/FCF: 1.73x They generated $173.8M in free cash flow TTM on a $310M market cap. That’s not a typo. I don’t own it yet. Here’s why: 🔴 The turnaround signal isn’t clear enough — outside of founder Whitney Wolfe Herd returning as CEO, there’s no definitive inflection point. 🔴 Total users are still declining steeply. But the bull case is building: 🟢 17% FCF margin TTM — legitimately strong 🟢 Average revenue per paying user is recovering nicely 🟢 The returning founder/CEO owns ~15% of the company — serious skin in the game From a pure valuation standpoint, this is one of the cheapest names I’ve seen. The market is pricing in continued deterioration, but if Wolfe Herd can stabilize the user base and monetization keeps improving, the re-rate potential here is massive. Watching this one closely.

@MultibaggerRsch @mauerstrasse if you search for "assuming the exchange of all outstanding common units" in the 10-qs, you will find the number. The number i use (for Q3) is 151m shs. vs the 100+ or so class A shs Still "cheap" thou

@mauerstrasse Ahhh ok thanks for pointing that out. I’ll have to keep that in mind. So that raises the P/FCF in reality I suppose. Great point.

@Jontaspontas @pensionspengar because it is the most secure and reduces the reliance on employees staying up-to-date? The product is for enterprise customers

@pensionspengar Frågan är fortsatt lika aktuell

Yubico ägare kan knappast vara glada, vilken utförslöpa som bara fortsätter. Ändå handlas den på 37x vinsten. Sjukt!

Lyko vinstvarnar och inleder kostnadsbesparingsprogram, vd och grundare flyr till sociala medier för att krysta fram några av de vackraste krokodiltårar mänskligheten bevittnat

$yubico trading at 15.5x 24 earnings, 32.0x 25, 18.7x 26 and 14.2x 2028 earnings Should be good revenue growth in the years ahead, and a lot higher margins (why is their target EBIT margin only 20%???? They already reached that in 2024)

Anytime someone asks me why I haven't changed my Toyota Camry.