Great article! I never spent the time before digging deeper into Eastnine. Very interesting indeed.
So MFG holding could be sold for €190m while the company has a market cap of SEK2400m? So low are the expectations? (Some days ago Ferronordic was able to sell their Russian operations, which reminded me of this case).
Maybe the only but I have is the very low ICR (2.4 times) which can be worrisome these days. Ofc totally unimportant if the MFG deal closes.
Hey alwaysinvert!
Great article! I never spent the time before digging deeper into Eastnine. Very interesting indeed.
So MFG holding could be sold for €190m while the company has a market cap of SEK2400m? So low are the expectations? (Some days ago Ferronordic was able to sell their Russian operations, which reminded me of this case).
Maybe the only but I have is the very low ICR (2.4 times) which can be worrisome these days. Ofc totally unimportant if the MFG deal closes.
Great read thank you! Will look closer at Gotlandsbolaget, happy to own Eastnine via my shares in Arbona. =)