Qben infra AB/ gamle ININ/Elop (QBEN)

[TekBot]

Inin Group share buyback program status

2 January 2023: Reference is made to the stock exchange notices from 16 December 2022 announcing a share buyback program for Inin Group AS (the Company).

From 27 December 2022 through 30 December 2022, Pareto Securities AS has bought 67,501 shares on the behalf of the Company at an average price of NOK 1,73 and a total value of NOK 116,971.
…

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Additional information on the buyback program: The program consists of share purchases up to NOK 10 million and may be ended at the company’s discretion prior to fulfilment. The shares are purchased in accordance with the authorization granted at the company’s annual general meeting on 29 June 2022.

Contact information:
• Øivind Horpestad, CEO, tel: +47 910 00 626
• Fredrik Ekholm, Head of Strategy, tel: +358 50 381 8314

Kilde

[TekBot]

Mandatory notification of trade by primary insider

Gjermund Sogn, CEO of Nordic Infrastructure Group AS, has through the company Sogn Invest AS, on December 30th bought a total of 70,000 shares in Inin Group AS at an average price of NOK 1.77 per share. Following the transaction Gjermund Sogn and related parties’ control 13,307,538 shares in Inin Group AS.

For further information, please contact:
…

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Øivind Horpestad, CEO, tel: +47 910 00 626

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act

Kilde

[Ravioli]

Ny melding om innsidekjøp i dag, men ikke snappet opp av tekbot, det tar kanskje litt tid?
Det har i det hele tatt vært en god del insidekjøp i høst / vinter.

[Christian]

@Ravioli

Hvis man tar EBITDA+kapitaliserte kostnader bør man få et godt bilde av kontantstrømmen som kreves for å holde selskapet gående,

Du må vel også legge på renter (I-en). T-en er vel relativt uinteressant.

[Ravioli]

@Christian

Du må vel også legge på renter (I-en). T-en er vel relativt uinteressant.

Ja, hvis man skal gjøre prinsippet mer allmengyldig må man det. Her var det ment som et verktøy for et overslag i et konkret tilfelle (der I er tilnærmet 0).

[Babbai]

Ikke 100% relevant, men deler denne da Jotun er et solid selskap og denne var interessant da man kan trekke noen linjer til Elop/ININ.

Jotun HullSkater: a hull cleaning and inspection system

Have you met the Hull Skater yet?

The Jotun HullSkater is a unique, disruptive technology for underwater inspections and proactive hull cleaning.
The HullSkater is kept onboard at all times in a portable unit station with launch and recovery ramp.
Jotun HullSkater is remotely operated and can be used not only when the ship is in harbour, but also at anchor.

https://lnkd.in/dMpPm2gP

[TekBot]

Inin Group share buyback program status

9 January 2023: Reference is made to the stock exchange notices from 16 December 2022 announcing a share buyback program for Inin Group AS (the Company).

From 2 January 2023 through 6 January 2023, Pareto Securities AS has bought 104,467 shares on the behalf of the Company at an average price of NOK 1,98 and a total value of NOK 206,874.
…

Vis børsmeldingen

Additional information on the buyback program: The program consists of share purchases up to NOK 10 million and may be ended at the company’s discretion prior to fulfilment. The shares are purchased in accordance with the authorization granted at the company’s annual general meeting on 29 June 2022.

Contact information:
• Øivind Horpestad, CEO, tel: +47 910 00 626
• Fredrik Ekholm, Head of Strategy, tel: +358 50 381 8314

Kilde

[TekBot]

Mandatory notification of trade by primary insider

Gjermund Sogn, CEO of Nordic Infrastructure Group AS, has through the company Sogn Invest AS, between January 4th and January 6th bought a total of 100,000 shares in Inin Group AS at an average price of NOK 1.96 per share. Following the transaction Gjermund Sogn and related parties’ control 13,407,538 shares in Inin Group AS.

For further information, please contact: Øivind Horpestad, CEO, tel: +47 910 00 626
…

Vis børsmeldingen

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act

Kilde

[Ravioli]

Det burde være mye å by på her for NIG (Rail supply og Rail production) og Hadeland.

" Fra damp til elektrisitet

Han sier at neste store utfordring er kontaktledningene, altså strømforsyningen. Noe stammer fra overgangen fra damp til elektrisitet på 1950-tallet.

– Vi prøver å ta en del, og har gjort det på Sørlandet. Men vi har behov for å øke takten på fornyelsen av kontaktledningssystemene våre, sier han."

Jernbanen forfaller raskere enn Bane Nor rekker å fornye

[TekBot]

Mandatory notification of trade by primary insider

Gjermund Sogn, CEO of Nordic Infrastructure Group AS, has through the company Sogn Invest AS, on January 10th bought a total of 10,000 shares in Inin Group AS at an average price of NOK 2.14 per share. Following the transaction Gjermund Sogn and related parties’ control 13,417,538 shares in Inin Group AS.

For further information, please contact:
…

Vis børsmeldingen

Øivind Horpestad, CEO, tel: +47 910 00 626

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act

Kilde

[Ravioli]

Lol, innsiderne kjøper jo mer enn selskapet får tak i gjennom tilbakekjøpsprogrammet. Det vil ta en evighet å få tak i aksjer for 10 mill med dette tempoet.

[MAVRICK]

Mangler bare at selskapet kjøper en stor blokk fra innsiderne når kursen har steget nok.
Løses ved en “auksjon” som sist.

[Ravioli]

Nå var det vel ikke så mange av innsiderne som solgte forrige gang, bortsett fra Sogn som ville ha fått en veldig høy eierandel i det nye selskapet pga. oppgjøret for NIG. Men det kan godt hende de gjør det på samme måten en gang til, siden det er så vanskelig å få tak i aksjer over børs.

I tilfelle bidragene fra mer eller mindre vittige skribenter skaper et inntrykk av at kjøpet på kr 3 var en sleip manøver av ledelsen for å få lempet ut egne aksjer til overpris:

Horpestad (Gimle) solgte ingenting
Sogn solgte 3,1 mill aksjer. Noe som skapte en god dose ramaskrik. Han solgte til gjengjeld firmaet han var største eier i til ININ for aksjer à 2,8. Alt i alt har han gått fra 6,4 mill aksjer til 13,4 mill aksjer i dag. Han er ikke milliardær og har en stor andel av sin persomlige formue i ININ nå.
Lundqvist hadde 6,2 mill aksjer etter emisjonen på 4,-. Han har flyttet litt aksjer mellom Zono (2,4) og Middelborg (3,8) men har det samme antallet nå.

Andre store eiere, AKA “kompisgjengen”

Skorstad (Tigerstaden ++ ) Han har så mange selskaper at jeg ikke orker å orientere meg så grundig. Men i store trekk solgte han en del (2,4 mill aksjer) på 3,-, men kjøpte seg like etter opp igjen (2,9 mill aksjer) ved oppgjøret for NIG og Hadeland til ca. tilsvarende antall aksjer.
Tigerstaden Marine + Tigerstaden Invest = 5,3 mill aksjer før kjøpet til 3,-. Tigerstaden AS (3,15) + Tigerstaden Invest (2,22) = 5,4 mill i dag. Han kjøpte seg litt ytterligere opp 1.des (250 000).

Blystad (Songa) solgte ca 20 % (fra 2,6 til 2,1 mill).

De største Simplifai-eierne solgte (til min overraskelse) ikke aksjer.

[TekBot]

Inin Group share buyback program status

16 January 2023: Reference is made to the stock exchange notices from 16 December 2022 announcing a share buyback program for Inin Group AS (the Company).

From 9 January 2023 through 13 January 2023, Pareto Securities AS has bought 101,639 shares on the behalf of the Company at an average price of NOK 2,10 and a total value of NOK 212,979.
…

Vis børsmeldingen

Additional information on the buyback program: The program consists of share purchases up to NOK 10 million and may be ended at the company’s discretion prior to fulfilment. The shares are purchased in accordance with the authorization granted at the company’s annual general meeting on 29 June 2022.

Contact information:
• Øivind Horpestad, CEO, tel: +47 910 00 626
• Fredrik Ekholm, Head of Strategy, tel: +358 50 381 8314

Kilde

[1894]

Hvem er det som selger om dagen, noen som ser?

[Martins]

En god blanding, ser ikke noen som skiller seg spesielt ut siste uker på selgersiden, men på kjøpersiden er det nesten utelukkende innsidere og selskapet selv, det er kanskje mer interessant.

Omsetningen er dog så lav at det blir litt lite å hente fra å se hvem som kjøpte 20k aksjer eller solgte 20k aksjer.

[TekBot]

Inin Group AS: Nordic Infrastructure Group signs agreement to acquire Team 1435 AS

16. January 2023 – Inin Group’s wholly-owned subsidiary Nordic Infrastructure Group AS has agreed the principal terms of an agreement to acquire profitable Norwegian railway contractor Team 1435 AS, thereby significantly strengthening the group’s total rail infrastructure capacity and competence.

About Team 1435
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Team 1435 employs 32 people with extensive experience from railway work in Norway and Sweden. The company is headquartered in Lismarka, in Ringsaker municipality, Innlandet county. It delivers its services across Norway.

Founded in 2011, Team 1435 has delivered positive EBIT in 11 of the 12 years the company has been in operation. For 2022, the company expects revenue of approximately NOK 65 million, with an EBIT of approximately NOK 5 million

Team 1435 is a contractor that specializes in railways superstructures and substructures as well as rail security. The company supplies contractor services, project and construction management, logistics and security services as well as professional services to the industry. “1435” refers to width of the track gauge that is used in most European countries. Track gauge means the distance between the inside faces of the two running rails of a railway track (1,435 mm).

“We consider ourselves to be a well-run company with a track record of predictable project execution that has resulted in healthy profit margins historically. In recent years, we have received many different inquiries from larger companies and groups wishing to acquire Team 1435. All of them have had financial muscles to help us compete for larger contracts, and the people we have spoken to have had ties to the industry. We haven’t, however, accepted any of these offers due to the danger of losing our identity, and the risk of our employees only became numbers. We believe in the values, the expertise, and the structure of Nordic Infrastructure Group – which is why we decided to join forces,” says Geir Fauskrud, chairman and one of the largest shareholders of Team 1435.

Team 1435 will continue to operate as a separate brand and company as part of the Nordic Infrastructure Group.

THE TRANSACTION
Nordic Infrastructure Group and Team 1435 have agreed to the principal terms of an agreement where Nordic Infrastructure Group acquires 100 percent of the shares in Team 1435 AS, which is valued at an enterprise value of NOK 27.5 million in the transaction, based on a pre-tax profit of NOK 5 million in 2022.

The NOK 27.5 million consideration for acquiring all the shares in Team 1435 will be settled by 70 percent in cash and 30 percent in shares in Nordic Infrastructure Group, which is valued at NOK 210 million in the transaction. The cash consideration of the transaction will be settled in three tranches over 24 months following completion of the transaction. The share-based consideration will be settled immediately after closing.

“We look forward to welcoming the Fauskerud family as shareholders and colleagues in Nordic Infrastructure Group. They have built up a high-quality rail contractor with a strong reputation in the Norwegian market. By combining powers with other Nordic Infrastructure Group companies, we will together be able to take on significantly larger projects than we have been able to in the past,” says Gjermund Sogn, CEO of Nordic Infrastructure Group.

The share purchase agreement is expected to be signed in February 2023. The transaction is subject to customary closing conditions, due diligence, and final transaction documentation, and closing is expected to be on in February 2023.

“The market trend is that rail infrastructure owners prefer to cooperate with larger and more operationally and financially robust partners. Adding Team 1435 to Nordic Infrastructure Group will significantly increase the companies’ joint capacity and expand their specialist competence within construction and maintenance of rail infrastructure, thereby making them an even more competitive contractor,” says Øivind Horpestad, CEO of Inin Group.

BACKGROUND
Inin Group is an industrial owner that invests in companies within infrastructure and industry services niches in the Nordics. The group aims to create value by identifying investment opportunities within profitable niches with potential for development, consolidation and growth, working in collaboration with portfolio companies to deliver sustainable growth and superior profitability.

In September 2022, Inin Group closed the transaction to acquire Nordic Infrastructure Group AS, a rail-focused construction competence and service supplier. Through its subsidiaries, Nordic Infrastructure Group delivers entrepreneurial services as well as tools and equipment to the railway and tramway industries; training, management and consulting services for the road, rail, construction, and civil engineering sectors; and accommodation services to the construction industry.

(ENDS)

For further information, please contact:
Øivind Horpestad, CEO of Inin Group, Tel: +47 910 00 626

About Inin Group AS
Inin Group is an industrial owner that invests into companies within infrastructure and industry services niches in the Nordics. The group aims to create value by identifying investment opportunities within profitable niches with potential for development, consolidation and growth, working in collaboration with portfolio companies to deliver sustainable growth and superior profitability.

Kilde

[Ravioli]

Jaja, nye 65 mill i omsetning for proforma 2022 og 5 mill i EBIT. EV/EBIT på 5-6. Ser på proff at de hadde et litt svakt 2021, men har tydeligvis greid å hente seg inn igjen. Implisitt verdsettelse av NIG på 210 (var 92 ved oppkjøp fra ININ) er jo nesten like mye som hele ININ … Det er altså NIG, ikke ININ som kjøper.

[Ravioli]

@1894

Hvem er det som selger om dagen, noen som ser?

Det er jo nesten ingen som selger… Tilbakekjøpsprogrammet kjøper for ca. 200 000,- per uke. Da vil det ta 50 uker å kjøpe for 10 mill … Sikkert noen regler for hvor stor andel av daglig omsetning Pareto (eller hvem det er ) kan kjøpe for daglig, ellers ville de drive kursen for mye oppover.

[1894]

Tja, noen har jo solgt til Sogn, horpestad og buyback programmet. Prøver å forstå rasjonale/ agendaen på dem som selger på 1,9 bare 2 timer etter den ble omsatt på 2,2, når de vet det ligger innsidere og tilbakekjøpsprogram i boka.

Kunne tro noen ville holde kursen nede…