Good news about Saab keep coming

And yet at the same time the SWAN share drops by 18%

While Eric Geers announced at di.se (article from TTela.se) that 205 million Swedish Crowns from the real estate sales are already in a Saab account, and Gunilla Gustavs announced at Reuters (TTela.se) that they have already reached an agreement with many of their subcontractors who refused to supply parts until the payment, the share price of Swedish Automobile NV (SWAN) keeps falling.

I think we should ignore the share price of Swedish Automobile till the production re-starts.

Polle
Member
5 years 2 months ago

…or buy some

No 9
Member
5 years 2 months ago

My thought exactly.

kochje
Member
5 years 2 months ago

Mine as well and I seriously think of doing that.
If more people that believe in Saab and in the future of this company would do the same we all win.

Carlo A
Member
5 years 2 months ago

Yap…. I also notice that last week when the government approved the real estate deal the price did not increase at all … then it started falling …. I agree with Red J the market is probably sceptical about the production re-start

Tim
Member
5 years 2 months ago

The market thinks Saab will not be able to reach an agreement with all suppliers…

jond
Member
5 years 2 months ago
Having been in the share-price business for quite a long time (now retired), perhaps I might suggest some reasons why the market seems to be increasingly nervous. First of all the recent press release listed some conditions for a restart of production. One of those was the acquisition of additional short-term funding. Why? That implies that even after the recent deals there may still not be enough funding in place to keep the salaries paid for a sufficient time to achieve a cash-flow surplus after production start and at the same time to satisfy the demands of the suppliers. This,… Read more »
CurtInFalcon
Member
5 years 2 months ago

Good analysis, Jond. I agree with your points. To sum up, Saab needs three things to happen. 1) More short-term funding, 2) Agreement with ALL suppliers, 3) Approval by the Chinese government. Anything less and Saab won’t make it.

sportwagon28t
Member
5 years 2 months ago

pretty much spot on i feel
It was never going to be easy, after the short term funding is secured and production re-starts there is still an absolutely massive job still to do – that is getting people to buy Saabs again, and in a volume that can keep the company running.

Im sure the markets are very nervous – the next 4-6 weeks will be the make or break – lets hope its the former

ANA
Member
5 years 2 months ago

jond
Agree fully. There is still a way to go.

zippy
Member
5 years 2 months ago

What Saab needs is some long(er) term financing to ensure the salary debacle doesnt happen again as well as some promotion of the product on offer. I was quote shocked when I saw one 9-5 during the whole three weeks I was in England a few months back. This car is as close to a piece of art I have seen on four wheels yet people just arent aware it exists.

Skipper
Member
5 years 2 months ago
I have to agree! I live in England and to date I have only seen two new 95’s on the road. I have a 93X and to date I have only seen three on the road and one of them was mine! Saab has been too low profile with regard to advertising/marketing, even in the GM days . There is a huge chunk of the UK population that knows nothing or almost nothing about Saab. I have had countless people approach me over the past six months or so,asking me what my 93X is. Initially they seem to think it’s… Read more »
Turbine
Member
5 years 2 months ago

Sorry guys – the market is cautious – and right….There are a LOT of unresolved issues that need to be sorted before shareprices rise – not least chinese govt agreement and sign off – then the hard work really begins. Short term cash is needed to get production back and STEADY – you cant have a car company that does not produce cars! – only then will markets accept SAAB is back ! Fingers crossed – but still being realistic …long way to go yet

Juerg_U
Member
5 years 2 months ago

I didn’t buy @ €1 :-(, but I bought now @ 1.88 πŸ˜€ it’s not without risk, I agree but the potential is great. I believe in this company as I did in Apple but unfortunately didn’t buy any shares back then. And of course I don’t put all eggs in one basket.

kochje
Member
5 years 2 months ago

+1

gunteman
Member
5 years 2 months ago

I’m considering buying some. Anyone know how to do that?

spacy
Guest
5 years 2 months ago
kochje
Member
5 years 2 months ago

Even easier is buying via your own bank and the SWAN share has the ISIN number; NL0009816248.

robertp
Member
5 years 2 months ago
Red, you’re confusing emotions with hard statements. As long as Saab tells the press statements like: ‘Our ambition is to start production on 9 August. There is a date we all are aiming for’, only speculants will but SWAN. Beside that, just having some funds in the pocket, not enough to pay half a year f salaries, doesn’t SWAN a decent fund to invest in. The emotions are positive to some of us Saab addicts and we’re all hoping the 9th the production starts again, but this date still is as hard a July 14th was. If one larger supplier… Read more »
daniel
Member
5 years 2 months ago

Market is reacting on delay of production and that is normal. Stocks raise during beatifull news in last week but now going slow down untill some good news (start production will pop out). Take in mind that due to crises in Greece and now coming to Italy, Spain and Portugal many stocks will go down even for companies working regular. When (certanly hope it will happens) China deal pass through stock will regain all lost in last year.

Carlo A
Member
5 years 2 months ago

today another hammering to the share price, currently 1.65, – 11%, sigh !!! Looking at the past, I guess it can go down to around 1.10

w3c validator
Guest
5 years 2 months ago

Time to buy some then and wait for the upward move?

Khrisdk
Member
5 years 2 months ago

Yup

Apart from the fact that SWAN is a highly volatile stock, you should take a look at the other Stock Market massacres going on at the moment.

Carlo A
Member
5 years 2 months ago

God, it was 1.65 at around 10 a.m. then it rebounded up to 2.30 …… now it sits a around 2.20

NC
Member
5 years 2 months ago

Just a thought: the downward graph next to the “Good news keep coming” headline seems confusing. It is the graph you pay attention to first, so it makes one expect a negative article regardless of its title. Or maybe it is just me. No offence to RedJ!

robr
Member
5 years 2 months ago

the shares were down 20% this morning …but now have turned round…now up 20% 2.231

Carlo A
Member
5 years 2 months ago

without any apparent reason ……

Polle
Member
5 years 2 months ago

… or a lot of SU readers are buying!

Carlo A
Member
5 years 2 months ago

really?

jond
Member
5 years 2 months ago

The price movement has been on a very high volume of shares traded. It does seem to suggest to me that someone strongly believes that there is shortly to be a very positive development and/or a strategic stake may be being built up. Either way this is all rather intriguing.

robr
Member
5 years 2 months ago

looks like 1.9m shares have traded which is about 10% of the market capitalisation

Tim
Member
5 years 2 months ago

Actually, each transaction (buy or sell) is counted. If I would buy shares someone else needs to sell these, so each share is counted twice.

jond
Member
5 years 2 months ago

Now over 2.0m. This would, of course, be an excellent time to build a strategic stake with a view to a possible bid for the company, providing of course that you believe in the long-term turnaround potential. I’m afraid that the present management could hardly defend its recent record! How much of the this stock is tightly held? This is all rather suspicious, but it may just be speculation ahead of a possible upcoming announcement (which, of course, is also suspicious, but we won’t dwell on that too long.)

robr
Member
5 years 2 months ago

youre quite right – unless the deal is done as a ‘cross’ (assuming the dutch market is the same as uk !)

Pedro
Member
5 years 2 months ago
It’s not as simple as good news versus bad news; it’s the relative weight/importance of the news floating around that matters mostly: Greece is falling apart; Portugal has just been downgraded by ratings agencies to junk status; Italy (and Spain) might be in trouble soon as well; the US economy isn’t creating any jobs; Democrats and Republicans in the US are on the verge of committing economic suicide… So (and please forgive me for being so blunt) the price of Swedish Automobile NV is falling (as are most other shares), because despite the good news for SAAB things much bigger… Read more »
Pedro
Member
5 years 2 months ago

Spotlight*
BTW – an EDIT function would be an interesting feature to add here πŸ˜‰

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