Nordicmagic

Private investor | Mainly small & micro cap 🇫🇮🇸🇪🇳🇴🇩🇰

[Nordicmagic @nordicmagic]

Peter Lynch - One up on Wallstreet

My vote for ”the stockpicker’s bible”, after reading it the second time, key takeaways 👇

[Nordicmagic @nordicmagic]

@financeamir Gillar bolaget, men den stora risken är väl att deras kunder välj köpa pumpen och burkarna direkt från tillverkaren eller någon annan? De har några patent, men de är lätta att gå runt...

Vad händer t.ex. om Vestas byter leverantör eller köper direkt?

[Nordicmagic @nordicmagic]

2025 Result 😐

[Nordicmagic @nordicmagic]

@Choyoba1 Lehto group on steroids🙃

[Nordicmagic @nordicmagic]

Codemill offer (23 kr). Only problem do not own stocks anymore😬

https://t.co/Khq4bMG2ae

[Nordicmagic @nordicmagic]

☀️Summer case: Codemill 🇸🇪☀️
EV: 167 MSEK
Cash: 27,5 MSEK (10 MSEK, Q1 2023)
Debt: 2,4 MSEK
TTM EV/ FCF: 9,5
CAGR Sales growth 3y: 29%
Requrring revenue > 40%
Product: Software to optimze video workflow & consulting
Customers: Amazon, Apple, Google, Sony etc.

[Nordicmagic @nordicmagic]

2024 Result✅

[Nordicmagic @nordicmagic]

@Prof_Kalkyl The Okinawa program 🇯🇵🍱👨‍🌾🙂

[Nordicmagic @nordicmagic]

Valuation
EV/FCF < 10 for a high growth animal might be low, but we probably need a few quarters/years to see if Codemill can continue to grow cash flows.

Disclaimer: Long, no investment advise🙂

[Nordicmagic @nordicmagic]

Competition / Moat
Sure there is a lot and will be ( not an expert in this field), but based on customer base it shows some competitve advantges. Also stickiness since some customers integrate the software into their system that makes it more difficult to change

[Nordicmagic @nordicmagic]

ROIC / Scalability

The consulting side focus on getting more recurring revenue. (Software). Therefore if growth continues this should scale well.

[Nordicmagic @nordicmagic]

☀️Summer case: Codemill 🇸🇪☀️
EV: 167 MSEK
Cash: 27,5 MSEK (10 MSEK, Q1 2023)
Debt: 2,4 MSEK
TTM EV/ FCF: 9,5
CAGR Sales growth 3y: 29%
Requrring revenue > 40%
Product: Software to optimze video workflow & consulting
Customers: Amazon, Apple, Google, Sony etc.

[Nordicmagic @nordicmagic]

2023 Another learning year 👨‍🔧
Happy New Year and a wishing everybody a successful 2024🐂

[Nordicmagic @nordicmagic]

A lot of hype of Modulights FDA approval. Company has already FDA approval for certain treatments, but have not been able to make them fly. IPO material 👇. Paperwork and selling is different things. Latest case depends fully on Bausch + Lomb intentions, let's hope for the best🙂

[Nordicmagic @nordicmagic]

@Salkku_Mauri Olisin myös varovainen. Ehkä vielä saadaan pieni buusti kun valmistusta siiretään demokraattisiin maihin, mutta jos kysyntä laskee enemmän alkaa armoton hintakilpailu. Yhtiöllä ei taida olla hirveästi jatkuvaa laskutusta. Tulee mieleen Elqoteq, JOT Automationit aikonaan 🙂

[Nordicmagic @nordicmagic]

2022: Stock portfolio return -30%

CAGR still acceptable.

[Nordicmagic @nordicmagic]

Stora Ensons China exit has started👍

Translation to press release: We do not want to do business with Dictators (that co-operate with Russia)

Other companies to follow, the sooner the better...

https://t.co/S2OeaCNOF3

[Nordicmagic @nordicmagic]

Elliptic Labs signed a new major PC deal. Significant event since it is the first major non-China deal.

Have sold my position earlier since I do not want to be dependent on China. 2023 EL profits will be mostly dependent on Chinese PC/Phones.

https://t.co/2RpbLq8M9d

[Nordicmagic @nordicmagic]

⏰ Update: Elliptic laboratorities

2021 on track:

💻 First PC contract with one of the top 3 (HP, Lenovo or Dell)

📱New and extended mobile customers

🎙New verticals entering production (Bosch)

Company guiding 2021 positive EBITDA and 10 x Sales growth until end of 2023 1/6

[Nordicmagic @nordicmagic]

Is small companies buying private planes for employees?
Lumibird 🇫🇷 2021 Annual report
(Looked like an interesting case, but this too much 😅)

[Nordicmagic @nordicmagic]

@buzooka @Salkku_Mauri Kiitos. Yhtiö suoriutunut erittäin hyvin, mikä puoltaa että tuote on kunnossa ja haluttu. Pohdin itse 5 v päähän ja en oikein saa otetta miten ei esim. joku muu tai kehittäjä yhteisö voisi tuoda samanlaisia kokonaisuuksia tarjolle. Lisäksi muut softat kilpailee rinnalla…