New Risk • Feb 23
New major risk - Revenue and earnings growth Earnings have declined by 0.03% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 0.03% per year over the past 5 years. Shareholders have been substantially diluted in the past year (110% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (kr42.3m market cap, or US$4.67m). Minor Risk Share price has been volatile over the past 3 months (9.8% average weekly change). New Risk • Nov 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 1.1% per year over the past 5 years. Shareholders have been substantially diluted in the past year (110% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (kr54.3m market cap, or US$5.68m). Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Announcement • Nov 08
Nordic Asia Investment Group 1987 AB (publ), Annual General Meeting, May 27, 2026 Nordic Asia Investment Group 1987 AB (publ), Annual General Meeting, May 27, 2026. New Risk • Sep 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 110% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 1.1% per year over the past 5 years. Shareholders have been substantially diluted in the past year (110% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (kr63.6m market cap, or US$6.86m). New Risk • Sep 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 110% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 1.1% per year over the past 5 years. Shareholders have been substantially diluted in the past year (110% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (kr64.2m market cap, or US$6.84m). New Risk • Jul 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. 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 (-kr1.8m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 6.6% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (kr75.1m market cap, or US$7.84m). Upcoming Dividend • Jun 02
Upcoming dividend of kr0.20 per share Eligible shareholders must have bought the stock before 09 June 2025. Payment date: 13 June 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 7.5%. Within top quartile of Swedish dividend payers (3.8%). Higher than average of industry peers (2.0%). New Risk • May 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr1.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-kr1.8m free cash flow). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 6.6% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (kr78.3m market cap, or US$8.15m). Declared Dividend • Apr 30
Dividend increased to kr1.72 Dividend of kr1.72 is 1,464% higher than last year. Ex-date: 30th May 2025 Payment date: 5th June 2025 Dividend yield will be 65%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 18x earnings) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 36% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 1,971% to bring the payout ratio under control. However, EPS has declined by 50% over the last 5 years so the company would need to reverse this trend. Announcement • Mar 01
Nordic Asia Investment Group 1987 AB (publ), Annual General Meeting, May 27, 2025 Nordic Asia Investment Group 1987 AB (publ), Annual General Meeting, May 27, 2025. Board Change • Jul 14
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Chairman of the Board Johan Roslund was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jun 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr11m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-kr11m free cash flow). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 41% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (kr121.3m market cap, or US$11.6m). Upcoming Dividend • May 24
Upcoming dividend of kr0.11 per share Eligible shareholders must have bought the stock before 31 May 2024. Payment date: 07 June 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Swedish dividend payers (4.2%). Higher than average of industry peers (1.6%). New Risk • Mar 03
New major risk - Revenue and earnings growth Revenue has declined by 128% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Revenue has declined by 128% over the past year. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (kr109.8m market cap, or US$10.6m). Board Change • May 21
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. Founder, CEO & Director Yining Wang was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 17
Upcoming dividend of kr0.09 per share at 1.6% yield Eligible shareholders must have bought the stock before 24 May 2023. Payment date: 30 May 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Swedish dividend payers (5.2%). Lower than average of industry peers (1.8%). Recent Insider Transactions • Apr 20
Founder recently bought kr100k worth of stock On the 17th of April, Yining Wang bought around 17k shares on-market at roughly kr5.84 per share. This transaction amounted to 4.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Yining has been a buyer over the last 12 months, purchasing a net total of kr286k worth in shares. Recent Insider Transactions • Dec 26
Founder recently bought kr100k worth of stock On the 21st of December, Yining Wang bought around 19k shares on-market at roughly kr5.20 per share. This transaction amounted to 5.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Yining has been a buyer over the last 12 months, purchasing a net total of kr185k worth in shares. 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. Founder, CEO, President & Director Yining Wang was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 17
Nordic Asia Investment Group 1987 AB (publ) has completed an IPO in the amount of SEK 314.666661 million. Nordic Asia Investment Group 1987 AB (publ) has completed an IPO in the amount of SEK 314.666661 million.
Security Name: B Shares
Security Type: Common Stock
Securities Offered: 26,666,666
Price\Range: SEK 8.05
Security Name: B Shares
Security Type: Common Stock
Securities Offered: 12,422,360
Price\Range: SEK 8.05