contentSlug

type

ContentPage_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentPage_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
  createdAt
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
    forum {
      threadUrl
    }
    defaultInstrument {
      symbol
      id
    }
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    pageUrl
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
  ... on Webcast {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        threadUrl
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        symbol
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
      researchContent {
        title
        lang
        pdfUrl
        relatedContent {
          __typename
          ...PublishingDetails
          ...Reactions
          id
        }
        content {
          title
          lang
          htmlBody
          publishedAt
          createdAt
          changedAt
          isOutdated
          isPremium
        }
      }
    }
    ... 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
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
}

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
    }
  }
}


analysguiden-kommentar-byggmastare-anders-j-ahlstrom-fabriksbesok-dpp

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Byggmästare Anders J Ahlström Holding is an investment company with the goal of creating long-term value for shareholders as well as for society and other stakeholders. The company focuses on small and medium-sized companies, listed as well as unlisted. The operations are primarily concentrated in Sweden and the rest of the Nordic region. The company was founded in 1898 and has its headquarters in Stockholm.

Here are Christoffer’s preview comments on Byggmästaren’s Q3   Byggmästaren will publish its Q3 report on Friday, October 23, on the same day as Green Landscaping. We estimate that net asset value (NAV) per share declined by approximately 5% during the quarter to SEK 61.4 (Q2’26: SEK 64.5). Green Landscaping’s share price fell by a further ~39% during the quarter, clearly outweighing the value increase we expect from DP Patterning. At the current share price of around SEK 45.8, the stock is trading at roughly a 25% discount to our estimated Q3 NAV, well above its five-year historical average (approx. 9%). With Green’s share having dropped to around one-tenth of the NAV and the unlisted core holdings continuing to perform well, we believe the current discount increasingly reflects market sentiment tied to an individual holding rather than the portfolio as a whole.                    Inderes – 16 Oct 26              Byggmästaren Q3'26 -ennakko: Green painaa, alennus levenee - Inderes    Green Landscapingin osakekurssi laski neljänneksen aikana vielä noin 39 %, ja laskun vaikutus ylittää selvästi DP Patterningin odottamamme arvonnousun.

Here are Christoffer’s comments on how Byggmästaren’s largest listed holding, Green Landscaping, announced 79 million SEK in one-off costs that will impact the company’s Q3 report, alongside an announcement that the company is launching an efficiency program and restructuring.  Byggmästaren’s largest listed holding, Green Landscaping, announced yesterday an efficiency program called “Green Performance” as well as 79 MSEK in one-off costs that will weigh on its Q3 report. Following the news, Green’s share fell by approximately 15% and is now down roughly 60% over the year. Since Green is Byggmästaren’s largest listed holding (Q2’26: 15% of NAV), the recent share price decline is a significant factor swaying the investment company’s net asset value. In our assessment, the announcement is a classic “clearing the table” move by an interim or new CEO, writing off historical project challenges and restructuring operations after a weak period, particularly in Norway and Sweden. We will review our forecasts regarding Green Landscaping and ultimately our Byggmästaren Q3 NAV forecast in our preview comment ahead of the Q3 report (October 23rd).                    Inderes – 23 Sep 26              Green Landscaping tekee puhdasta pöytää 79 MSEK:n kertakuluilla - Inderes    Näkemyksemme mukaan tiedote on väliaikaisen / uuden toimitusjohtajan klassinen liike "pöydän puhdistamiseksi" kirjaamalla historian projektiongelmia ja toteuttamalla toiminnan saneerauksen heikon jakson jälkeen

Wow, that DPP growth. It seems to be scaling really fast. It’s already 13.5% of the NAV, and the trend is upward. Green’s valuation might be near its bottom. There is cash on hand for new acquisitions. Byggmästaren is at quite an interesting stage; there is potential.

Here is a new company report on Byggmästaren regarding Q2 from Jennel   Byggmästaren’s Q2 net asset value (NAV) per share fell by approximately 5% from the previous quarter to 64.5 SEK, as the roughly 38% decline in Green Landscaping’s share price more than offset the resilient unlisted core holdings. Total shareholder return was flat (approx. 0% quarter-on-quarter vs. SIXRX: +9%), with the share at 51.5 SEK, which narrowed the P/NAV discount to approximately 20% (Q1’26: ~22%; 5-year average 9%). The key change this quarter is a roughly 25% cut to the fair value of Green. Revenue once again exceeded expectations, but EBITA profitability fell short of expectations for the second consecutive quarter, leverage rose to 3.4x, and the CEO resigned after the quarter. Together, these led us to lower our margin, cash flow, and M&A assumptions, as well as expand the risk premium. This was partially offset by DP Patterning’s result, which was again clearly higher than our forecasts, leading to a roughly 45% increase in our fair value, although it was not enough to counter the decline caused by Green. Thanks to a strong liquidity position*, a 50 MSEK buyback program, and the evaluation of several candidates for the fourth core holding, we believe Byggmästaren remains well-positioned to capitalize on the elevated discount. Reflecting the lower valuation for Green, we cut our fair value range to 50-74 SEK (previously 52-76 SEK) and our target price to 63 SEK (previously 65 SEK), while reiterating our Buy rating.                    Inderes              Byggmästaren Q2’26: Greenin takaisku peittää resilientin portfolion alleen -...    Näemme substanssiarvon kehityksen johtuvan listatuista markkinahinnoista pikemmin kuin taustalla olevien omistusten heikkenemisestä, sillä niiden operatiivinen kehitys pysyi ennallaan.

Renato Rios has written about Byggmästaren’s recent acquisitions.   Byggmästaren announced that its largest portfolio company, Safe Life, completed four acquisitions in the second quarter of 2024, adding approximately EUR 20 million in annual revenue. In our view, these acquisitions demonstrate that Safe Life’s “buy and build” strategy remains highly active after Bridgepoint became the majority owner last year. The additions also fit logically into the group’s ongoing transition toward recurring revenue. The announcement does not trigger immediate forecast changes, as our valuation framework for Safe Life already assumes a steady pace of acquisitions. However, considering the EUR 20 million in revenue acquired in Q2 alone, we are reviewing whether the forecast range for revenue from future acquisitions should be raised.                    Inderes – 2 Jul 26              Byggmästaren: Safe Life kasvatti liikevaihtoaan 20 miljoonalla Q2:n...    Safe Lifen "osta ja rakenna" -strategia jatkaa toimintaansa, mikä on hyvin linjassa arvostuskehikkomme kanssa.

Here are Christoffer Jennel’s comments as Byggmästaren’s portfolio company Team Olivia sells its Danish operations to Carelink Gruppen.   Byggmästaren announced that its portfolio company Team Olivia, in which it holds approximately a 17.5% stake, has signed an agreement to sell its Danish operations to Carelink Gruppen. We see this as a logical continuation of Team Olivia’s ongoing streamlining process, which transforms the company into a purely Swedish personal assistance provider. The transaction is expected to close at the end of Q3’24, and it likely paves the way for a cash distribution to Byggmästaren later this year. Since Team Olivia is an unlisted holding valued at Byggmästaren’s reported value in our calculated Net Asset Value (NAV), the announcement does not trigger immediate changes to our forecasts.                    Inderes – 22 Jun 26              Lisää kuivaa ruutia horisontissa Team Olivian Tanskan divestoinnin jälkeen -...    Uskomme, että Team Olivian Tanskan-toimintojen divestointi tasoittaa todennäköisesti tietä Byggmästarenille maksettavalle rahaosingolle myöhemmin tänä vuonna.

Great to see that Byggmästare has finally got its own thread! I’ll have to watch that Roast, thanks for putting it together

Byggmästare Anders J Ahlström Holding

Analysguiden besökte invigningen av DP Patternings fabrik i Norrköping och delar med sig av intrycken från dagen. Ladda ner och läs den fullständiga analysen i PDF-format här:Om ossDetta är ...

<div class="mfn-preamble"><p><strong>Analysguiden besökte invigningen av DP Patternings fabrik i Norrköping och delar med sig av intrycken från dagen. </strong></p></div><div class="mfn-body"><p><strong><a href="https://www.aktiespararna.se/analyser/byggmastare-anders-j-ahlstrom-fabriksbesok-dpp" rel="noopener">Ladda ner och läs den fullständiga analysen i PDF-format här:</a></strong></p></div><div class="mfn-footer mfn-about mfn-1108d0f3cd7b"><p><strong class="mfn-heading-1">Om oss</strong></p><hr><p>Detta är ett pressmeddelande från Analysguiden – Aktiespararnas uppdragsanalysverksamhet.<br>Läs mer här: <a href="https://www.aktiespararna.se/analysguiden" rel="noopener">https://www.aktiespararna.se/analysguiden</a></p><hr></div><div class="mfn-footer mfn-attachment mfn-attachment-general"><p><strong class="mfn-heading-1">Bifogade filer</strong></p><hr><p><a class="mfn-generated mfn-primary" href="https://storage.mfn.se/e2ef3770-0fd0-42f8-b2c1-5e834cdce68a/kommentar-byggmastare-anders-j-ahlstrom-fabriksbesok-dpp.pdf" rel="noopener">Kommentar Byggmästare Anders J Ahlström: Fabriksbesök DPP</a></p></div>

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Analysguiden: Kommentar Byggmästare Anders J Ahlström: Fabriksbesök DPP

Analysguiden: Kommentar Byggmästare Anders J Ahlström: Fabriksbesök DPP