Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Nokian Renkaat Oyj (TYRESh)

BATS Europe
Symbol
Exchange
Currency
TYRESHelsinkiEUR
TYREShBATS EuropeEUR
NKRKYOTC MarketsUSD
0FFYLondonEUR
1TYRESMilanEUR
NRE1VViennaEUR
Currency in EUR
Disclaimer
8.87
0.00(0.00%)
Closed

TYRESh Comments

Short
Look guys, it's not a great or a bargain, as much as I also wanted to invest in TYRES since it was in the 30s. The problem is that 80% of the production and equipment is in Russia. Terrible management decision. I don't see how can it move production without losing all their book value - since Russia will confiscate it
its all priced in already
It's not. Because rigth now they cannot satisfy their old customers. These are customers they lost. So they are not making the same amount and type of tires they used to anytime soon. I don't know if there is any market for them anymore. They are becoming a tiny company without any pricing power. They will depend on few customers
6 eur and i am in.
Old news, bulish!
short
Nokian seems a great buy ! Stock has been oversold over the last month. Impressive low volume and large devaluation. The Russian affair will be over and the Co will manage the situation with allocated capacity moved to Finland. The political risk has made a huge damage to the stock, but the worst seems to be over. As far as I see it, it's a good opportunity to accumulate: small orders, no rush, every day step by step.
Rumours about Nokian Tyres and Pirelli merger emerging again..
Really, any truth behind the rumours?
Under the current market scenario, no merger is going to happen. Having said that, once the dust settles (war in Ukraine; Russia doomed), at current stock level a Co like Nokian is a bargain for the leading tires players. Anyway, I would be surprised with any move in 2022.
At this moment in time, it's not realistic to think about mergers. The situation of the industry - and worldwide, really - is too cahotic. Having said this, the current value of Nokian Tyres is an excellent entry point, with an horizon of 12-18 months. No rush, just gentle accumulation every day. The exposure to Russia has destroyed the shares in the stockmarket. However, the Company fundamentals are solid and will emerge again in the medium term future.
do you think Nokian Renkaat Oyj will be a good chance to entry for short period or is too late ?
you need to wait it's only the start!
rubber rubber rubber...as continental stock iper undervalued...and a lot of rumours behind it
Right :P Could you hive a hint then?
SELL 28,69.
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.