Month: July 2025

Second Terveystalo Plc patch of 100 shares bought for 10,62 EUR per share. Nothing special here as recent drop does not appear to continue further down, instead I see some weak indicators for leveling out and starting slowly to correct back to pre results levels. Might buy additional two similar patches during Q3 and Q4 but it remains to be seen. Might also just nibble smaller patches for longer as I’m currently doing with Lassila & Tikanoja.

Same old story about a maintenance purchace and Lassila & Tikanoja. Nothing special going on but bought additional 25 shares for 9,50 EUR per share. Total share count now sits at 300 shares so might still add additional 100-200 shares. I suppose this is some kind of defensive reaction and not at all fashionable way to spend money.

Slightly unplanned but Terveystalo dropped today due to slightly missed expectations and I decided to buy initial 100 shares for 10,70 EUR per share. I have lately favoured healthcare sector and while private healthcare providers in Nordics are not my absolute favourites, I decided to take a bite while motivated by reasonable valuation, healthy dividend and potential upside from classification changes. It remains to be seen if I will build full position from this initial entry. Possibly a half position of roughly 400-500 shares if valuation remains favourable.

See: https://news.alertir.com/terveystalo/en/node/1389

Combination of multiple types of purcheses as Lassila & Tikanoja is the current normal maintenance purchase in main dividend portfolio. This time around I added 25 shares for 9,56 EUR per share bringing the total in 275 shares. This position has still room to grow as envisioned limit is 400-500 shares before upcoming (pending decision but pretty much inevitable) split into two listed companies. Still not sure what to except from the actual split since it might trigger sales to avoid complex taxation and so on. I might have to leave final purchases for the final stretch before split takes place.

Other two positions are slightly uncommon decisions and both will fill the currently empty speculative/growth portfolio. Pretty sure that both will come with plenty of volatility but positions are small and therefore considered as low risk & high reward plays for a time period of 5-10 years. IREN Ltd is in many ways contrarian play as it’s a combination of bitcoin, green energy and computational capacity (AI). I’m not a huge believer in bitcoin in the sense of replacement currency but as a selectively useful technology and speculative asset slightly more so. I might of course be wrong but potential indirect upside from bitcoin directed to hard assets (computational capacity, energy) enabling AI sounds good and scalable business model to me. As a bonus this seems like a stock that might have potential for significant short squeezes and temporarily insanely high valuations, therefore I bought 50 shares for 15,99 USD per share and might make additional smaller purchases going forward. Main intention is to wait 5-10 years and see what happens but should we see insanely high valuations, I might trade this in and out.

Lemonade Inc. is similar story as it’s mainly a contrarian play (against main portfolio assets) in the form of a AI driven insurance business. AI driven execution will separate players in many sectors to winners and losers. Should more traditional insurance players somehow fail in execution, Lemonade might be a candidate for the winner category. I doubt that legacy players in certain established markets (read: Scandinavia) would mess up this too badly since they have the scale, vast amounts of data and knowledge of the markets they operate in but US market is probably slightly different story. Therefore I bought 20 shares for 41,90 USD per share. Like with IREN, main intention is to wait 5-10 years and see what happens on the way.