Q4 slightly above, and a welcome SMR order

Positive signs for copper & zinc, none for steel

Strong '25e volume growth at cheap valuation

New quarter, new estimate cut

Several positives into 2025

Continued stable performance in Q4e

Alleima - Initiation of coverage - Multi-year mix story in the making

Alleima is not a traditional steel company, but rather a niche product company manufacturing products from advanced stainless steel. Most of its end-markets are benefiting from structural growth, while its market-leading positions in prioritised end-segments offer superior profitability and above-group average demand growth prospects. Based on a steady mix shift towards prioritised lucrative niches, we estimate a 12% 2024–2030 EBIT CAGR. We find the balance sheet holding net cash and the valuati...

Buys both Zinkgruvan and Neves-Corvo

Mark-to-market: price pressure continues

Mark-to-market: now too cheap on spot prices

Granges AB: 2 directors

Two Directors at Granges AB bought 20,100 shares at between 122.620SEK and 124.500SEK. The significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the l...

Could be nearing major M&A deal

In line Q3 and better Q4 volume guidance

The earnings trough keeps getting deeper

Less weak than expected, but likely enough

Grade guidance rained on the Q3 parade

No major revisions after largely in-line Q3

Largely undramatic report

Big Q3 beat, softer 2025 grades

Heads-up for report 23 October