contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_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
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... 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
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      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
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

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
    }
  }
}


meriaura-group-sea-freight-market-prices-cooling-down

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Pauli Lohi

Summa Defence is a Finnish defence and security technology group. The group provides strategic support and resources to companies in the sector, focusing on technologies related to situational awareness, mobility and protection, which benefit both civilian, security and defence sectors. The goal is to improve Finland's and Europe's overall security, security of supply and crisis management capabilities. Summa Defence is headquartered in Helsinki.

Poll. Does Summa belong on the stock exchange?    Absolutely not! Yes! Perhaps, but a turnaround is needed.      0 äänestäjää

A bit of a follow-up to the mess surrounding Summa Defence from over a week ago, which related to the company’s CFO. Kauppalehti contacted CEO Huttunen to ask why the company decided to change its financial reporting to only include the year-end report and the half-year report right now. Huttunen suggested contacting the CFO for an answer, as he would be the right person to comment on the matter. However, it has not been disclosed anywhere, nor does it appear on the company’s website, who the company’s CFO is. Consequently, the reporter contacted the Chairman of the Board to clarify whether the CFO is authorized to comment on the company’s affairs. Apparently, at this point, there was some confusion between the CEO’s and the Chairman’s statements regarding whether the CFO belongs to the company’s management team or not. In the end, Kauppalehti managed to get in touch with the CFO, who was apparently identified as Teppo Sipilä. Sipilä stated that he is not, in fact, the company’s CFO and that he cannot even indirectly comment on the company’s affairs. Contrary to Huttunen’s account, it turned out—straight from the “CFO” himself—that he was not the right person to explain the change in the company’s reporting practices after all. Ultimately, the circle was completed when the interim CEO finally commented on the change in practice after first trying to pass the buck to someone else. The explanation is that the company is focusing more on the quality of reporting than the quantity and wants to lighten its own administrative burden by reducing the frequency of reporting. This would supposedly open up more opportunities for the company to execute its strategy. The Kauppalehti article, which includes a short interview with journalist Mikael Vehkaoja, can be found täältä. I’ve come to the conclusion that the company simply does not have a CFO. That is probably one reason why the reporting practices are being changed. Of course, the company still needs to somehow squeeze out a Q4 bulletin. According to LinkedIn, Teppo Sipilä is looking for work. As the reporter mentioned in the Kauppalehti article, his profile shows no connection to Summa Defence. Some outsourced financial services were likely purchased from him, but they haven’t even bothered to list them on LinkedIn. Perhaps he doesn’t want to touch this outfit and doesn’t even want to mention it as a credential. I am by no means belittling Sipilä in this regard; rather, the criticism is directed at Summa Defence for how a listed company can be in such a shambles and communicate, for example, that Sipilä and Vauhkonen are somehow involved in the company, while they themselves claim otherwise. It is no wonder that executives have been quietly heading for the exit one after another and seem to be distancing themselves.

Come on now, this is exactly why it’s such a mess—because people are involved and they’re still a bit semi-professional. The best part is that these guys came up with this in a sauna somewhere, and the idea is actually good. It’s just bound to be like this at the start. If they can bring any sense to this madness (never stop the madness, we’re going again soon), it’s going to be an absolute mega multibagger. Before that, though, we still have to slide a bit, and after that, everything needs to start going perfectly. A lot of “what-ifs,” but I don’t think this is a total scam. Just bungling.

This is what I don’t get about these things; he should have just made up some US general’s name for it. That would have been harder to figure out. Doesn’t change the fact, of course, that I hopped on at €1.5 with a couple of grand and dumped it at 1.8. This is starting to be like Tesla’s stock. It’s not based on anything, but some fool will buy it.

The mess continues:                   Tärkeimmät talousuutiset | Kauppalehti – 7 Jan 26              Epäselvyydet Summa Defencen ympärillä jatkuvat – Pörssiyhtiön avainhenkilöt...    Suomalainen puolustus- ja turvallisuuskonserni ilmoitti puhemiehekseen talousjohtajan, jonka nimeä ei löydy edes yhtiön nettisivuilta.                             »Kauppalehti asked interim CEO Timo Huttunen to explain why it has been decided to decrease the frequency of financial reporting. Huttunen delegated the responsibility for speaking to the company’s outsourced CFO, Teppo Sipilä. (…) Teppo Sipilä, named as the company’s spokesperson, did not respond to Kauppalehti’s contact requests. His contact information – or even his name – is not mentioned on Summa’s website.» »The role of an outsourced CFO as the spokesperson for Summa Defence raised enough questions that Kauppalehti asked the Chairman of the Board, Arto Räty, whether Teppo Sipilä is a member of the listed company’s management team. “He is,” Räty replied. Timo Huttunen, who was reached later, has a different view on the matter: “Sipilä is not a member of the company’s management team and is not a responsible person, but works at Summa Defence in a consulting role; this includes attending various meetings as an invitee when necessary.” It is very exceptional that the Chairman and the CEO of a listed company disagree on who belongs to the management team.» »In December, Summa Defence announced that it had rehired Rear Admiral (ret.) Juha Vauhkonen, who had already left the company once, as its Chief Strategy Officer. (…) When asked, Vauhkonen commented to Kauppalehti saying that he never had an extension to his contract with Summa. (…) From the outside, it appears that Summa Defence has given shareholders false information. “I don’t want to get into a ‘word against word’ competition. We have a non-disclosure agreement with him. And I would remind you that his position was not at the management team or board level. We do not have an obligation to provide information on these matters as such,” Huttunen says.» »Rickard Sandell, senior lawyer at the Financial Supervisory Authority (FIN-FSA), does not comment on Summa Defence’s communication. On a general level, however, he reminds that the first chapter of the Securities Markets Act prohibits the provision of false or misleading information. In addition, the Criminal Code mentions an information offense. A company or its key personnel may be guilty of this if they intentionally or through gross negligence provide false or misleading information.» »According to Summa Defence’s management, Juha Vauhkonen’s appointment was not significant information. According to Summa Defence, the company’s Chief Strategy Officer is not a member of the management team. There are now two different pieces of information regarding Teppo Sipilä’s status.» »Sandell comments on this matter as well on a general level. “Under the rules of the Helsinki Stock Exchange, companies should disclose changes in the company’s senior management. A CFO is considered such a person belonging to the senior management under the exchange’s rules. Nasdaq Helsinki monitors compliance with the exchange’s rules.”»

Whatever you want to call them. You are right that defense equipment hasn’t been mentioned in the company’s releases now that I’ve looked at them; instead, the company refers to an “order.” To be honest, I didn’t bother wading through previous releases while writing my post. It must, however, be about some goods produced by the group’s subsidiaries, and everyone is free to guess what this contract under negotiation concerns, as no better information seems to have been provided to investors. This was a fairly irrelevant point in my message anyway. The same applies to those drones, as no one has any more information about them than what Summa itself has disclosed, and in this case too, the quantities and the resulting transaction value can only be guessed at.

Doesn’t giving up on interim reports also conflict a bit with the goal of aiming for the main list..? Just a little. Then again, Summa wouldn’t have been accepted there anyway with this track record.

Summa Defence

The figures for the second quarter were below our expectations as the slowdown in the sea freight market was reflected in the company's results faster than expected. We lowered our assumptions on the long-term normalized performance of Marine Logistics and slightly increased our Renewable Energy estimates thanks to a significant contract.

<p>The figures for the second quarter were below our expectations as the slowdown in the sea freight market was reflected in the company's results faster than expected. We lowered our assumptions on the long-term normalized performance of Marine Logistics and slightly increased our Renewable Energy estimates thanks to a significant contract.</p> 

Meriaura Group: Sea freight market prices cooling down

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