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Maikelmike's  Instablog

Maikelmike
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Graduate of Stockholm University, Masters degree in Finance, Second degree bachelor in Economics, Focusing primary on writing analysts on Telecom companies but may also on occasions provide articles on the stock market as a whole.
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  • Nokia - Working Capital and EPS (10 Years)

    (click to enlarge)(click to enlarge)

    Disclosure: I am long NOK.

    Feb 11 7:15 AM | Link | Comment!
  • Nokia Can Not Meet Demand

    According to a China Mobile Spokeswoman Nokia´s supply is not meeting the demand for its Lumia 920T models. 90.000 were ordered through Jan 30, however Nokia were only able to ship 1/3 or 30.000 devices.

    While this is a bad sign regarding Nokia´s production capacity, it is positive news on the demand for its models. I would be more worried if the supply was higher than the demand.

    Disclosure: I am long NOK.

    Feb 08 8:47 AM | Link | Comment!
  • Smart Devices ASP Going Up

    While I would not take these graphs too seriously they do however provide us with some important numbers. Starting from q3 2010 We see that Nokia have managed to increase their Smart Devices ASP with 36,7 % until q4 2012, Should we compare Smart devices ASP Q3 2012 with Q3 2010 ( which of course is more appropriate) we get an 14% increase.

    Mobile devices Volume has declined with 8,7% from Q3 10 to Q3 12 However looking at the graph we see that the graph is slightly pointing upwards. The biggest drop is found in Smart devices, where the volume has dropped with 75% comparing Q3 2010 with q3 2012.

    Furthermore, We notice that "Net Cash and other liquid assets" has declined in recent crisis, however graphically we see that Nokia is slowly improving its liquid assets. Net Cash from operating activities which is considered as one of the more important Cash indicators also show graphically a positive trend after having fluctuated in recent quarters.

    (click to enlarge)

    Disclosure: I am long NOK.

    Feb 07 9:36 AM | Link | Comment!
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