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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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  • 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!
  • Historical Quarterly Operating Profit - Nokia

    (click to enlarge)

    Disclosure: I am long NOK.

    Feb 05 11:51 AM | Link | Comment!
  • Nokia - Why They Did Not Pay Any Dividend

    An explanation of Nokias decision to not pay any dividend to its shareholders is found at the corporate website. Nokia group reported a negative net profit of 3.1 billion EUR for the whole year of 2012, while at the same time its net cash position decreased from 5.6 billion EUR at the end of 2011 to 4.4 billion EUR at the end of 2012. In addition, its results for the fiscal year 2012 were negative.

    Considering these results and to ensure strategic flexibility the board proposed that no dividend payment will be made for 2012.

    Looking at past fiscal years, we see that Nokias net cash position declined with 20% from its net cash position of 6.99 billion EUR at the end of 2010 to 5.6 billion EUR at the end of 2011.

    Disclosure: I am long NOK.

    Feb 04 8:24 AM | Link | Comment!
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