Frehr Invest

Danish small-cap investor

Latest analysis:

[Frehr Invest @FrehrInvest]

Next week I’ll be meeting several companies 1-on-1 with their CEOs:

• Shelly Group $SLYG
• Ceotronics $CEK
• Steyr Motors $STEYR
• JDC Group $JDC
• Yoc $YOC

If you have any questions for the companies, drop them below — I’ll ask the CEOs directly. Fire away.

[Frehr Invest @FrehrInvest]

@italianinvesto The EU risk is one of the biggest. Also the growth has flatted out much, where the CEO has said for many quarters "natural variance" (that made me sell my shares)

[Frehr Invest @FrehrInvest]

@InvestorMexican Would love to hear you thoughts after on NURS

[Frehr Invest @FrehrInvest]

@R2Discovery What do you expect of revenue growth?

[Frehr Invest @FrehrInvest]

@Pontus91 Hvad tænker du om Smart Eye? Du var tidligere stor fan, og den er steget helt vildt på det seneste

[Frehr Invest @FrehrInvest]

@venturaFPC @pennypackeerr Why did you sell Avtech?

[Frehr Invest @FrehrInvest]

@SharogradskyM I'm also bullish on SLYG. But what points makes you this extreme bullish on SLYG in 2026?

And what was your key takeaways from your meeting?

[Frehr Invest @FrehrInvest]

@Th__Nielsen Fedt dashboard! Hvordan har du lavet det?

[Frehr Invest @FrehrInvest]

@R2Discovery Was their FCF inflated last year, or why does analysts forecast so negative fcf development in the comming years?

[Frehr Invest @FrehrInvest]

@financeamir Hvilke nye cases kigger du så på, eller har suppleret i?

[Frehr Invest @FrehrInvest]

@R2Discovery @genZinvest0r Is CEK trading at a FCF yield of 16%?! Is that your forecast or 2025a numbers?

[Frehr Invest @FrehrInvest]

@SharogradskyM When I met and had a meeting with CEO wolfgang, he said that Shelly didn't focus that much on NWC.

So i would assume there is room for improvement, if they focussed on it.

[Frehr Invest @FrehrInvest]

@Lou_Mannheim Why not spend the money on growth instead? There are many untapped markets?

[Frehr Invest @FrehrInvest]

@JohannesKillman Only 2% Shelly?

[Frehr Invest @FrehrInvest]

@charlesbhutch 15-17% adjusted EBITDA-margin. How much will go down to Net-margin?

[Frehr Invest @FrehrInvest]

@lasse108 What has happened the last month?

[Frehr Invest @FrehrInvest]

@zaferkara70 What do you think about Cadeler?

[Frehr Invest @FrehrInvest]

@TBstockinvestor What are the biggest risks for Hacksaw? There may be a reason, that it isn't trading at +25x earnings?

[Frehr Invest @FrehrInvest]

@Pontus91 Have you rebought SEYE, or what is the trigger you are waiting for?

[Frehr Invest @FrehrInvest]

@nobenchmark Where is it on the website?

[Frehr Invest @FrehrInvest]

@IcqqkaeyD Do you see SLYG as Intellego 2.0?