New Risk • 9h
New major risk - Revenue and earnings growth Earnings have declined by 20% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr44m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Revenue is less than US$1m (kr1.1m revenue, or US$118k). Minor Risk Market cap is less than US$100m (€22.7m market cap, or US$26.5m). Board Change • May 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. No independent directors (5 non-independent directors). Deputy CEO & Director Jonas Dahllof was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Oct 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.15m (US$9.96m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr15m free cash flow). Share price has been highly volatile over the past 3 months (38% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (€9.15m market cap, or US$9.96m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). New Risk • Jun 04
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr21m free cash flow). Share price has been highly volatile over the past 3 months (37% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (€7.92m market cap, or US$8.61m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Shareholders have been diluted in the past year (20% increase in shares outstanding). Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Jonas Dahllof was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Jonas Dahllof was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공고 • Jun 22
Peter Hjort acquired 6.18% stake in Bluelake Mineral AB (publ) (NGM:BLUE) for SEK 2.5 million. Peter Hjort acquired 6.18% stake in Bluelake Mineral AB (publ) (NGM:BLUE) for SEK 2.5 million on June 16, 2021. Peter Hjort, CEO of Bluelake Minerals acquired about 2.43 million shares increasing his stake from 2.8% stake equivalent to 1.1 million shares to 7.28% stake.
Peter Hjort completed the acquisition of 6.18% stake in Bluelake Mineral AB (publ) (NGM:BLUE) on June 16, 2021.