Avsnitt 585 - Årets miss

16 Jun 2026 · 1 h 7 min · 24 chapters

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In short

The episode is a wide-ranging market and investing discussion, framed by “freedom” and summer optimism, then pivoting into concrete trades and macro themes. Hosts discuss IPO and index flows (especially SpaceX), spin-offs and “sum-of-the-parts” value, and how to position for rotation into hard assets (oil, gold) amid geopolitical risk (Iran deal/war talk). They also cover crypto exposure via pension/ETPs and argue that AI narratives may be exaggerated for political pressure, while open-source/edge computing could matter.

Guests

The episode includes an interview with Eric Ranje, CEO of Stendörren (Swedish logistics/industrial real estate owner). Background: Stendörren is described as a fastighetsbolag with long contracts (notably with the Swedish state), focused on logistics/industry across the Nordics.

Key claims/examples

SpaceX IPO had no lockup/limited float, with index inclusions (Russell, MSCI, Nasdaq 100) driving momentum; value investors should watch spin-offs (Westum/“RYK” example, Volati/SaliX, Honeywell/Continuum). Stendörren: ~630,000 m2 portfolio, ~5% vacancy, ~20% annualized earnings growth, ~18B SEK property value, and development via building rights with ~8% project IRR (net ~4%), targeting Stockholm/Mälardalen plus Helsingfors and Copenhagen.

Written by AI. May contain mistakes. Listen to the episode to check what was said.

Chapters

Tap a time to open that second in VO

Stockholm Conversations and Summer Events

0:45 to 2:36

Discussion about recent events in Sweden, including midsummer and local happenings.

“pay a lot of money, or sit on the playa and enjoy a drink.”

Investing Market Trends

2:36 to 4:08

Analysis of current market trends, including the IPO market and company performances.

“But exactly, there will be some index-includering here that you have to take care of.”

Westum's Business Moves

4:26 to 6:15

Insights into Westum's recent business decisions and sales.

Value Investment Cases

6:15 to 9:12

Discussion on value investment opportunities and company evaluations.

“the actual the actual around 16 now so you are the rest of the del to 2 ,5 krona but it will be It's fantastic for the owners, if you're a big fan, you'll get lost very much cash.”

Spin-Offs and Strategic Overviews

9:12 to 14:00

Overview of recent corporate spin-offs and their implications for investors.

“You can wait for a case to happen and then it takes five years.”

Market Update on Software Stocks

14:00 to 14:34

An overview of recent trends in the software sector and ETF performance.

“And as I'm saying it, it doesn't Octave live in the far zone, but it's not.”

Market Update on Software Stocks

14:37 to 16:00

An overview of recent trends in the software sector and ETF performance.

“where you can follow friends, experts, profile, on the forum, how others invest and get inspiration.”

Discussion on SpaceX Investments

16:00 to 23:25

An analysis of SpaceX's recent IPO and investment strategies surrounding it.

“You can try to find a jemmy there, buy it, buy it, buy it.”

Geopolitical Concerns and Tech Dependency

23:25 to 28:00

Exploring the geopolitical implications of tech dependencies and market reactions.

“It's that content for Europe is to take with it.”

Investing in Crypto via Pension

28:00 to 30:11

Learn about how to invest in cryptocurrency through pension funds.

“The big international actors like BlackRock have taken in crypto and as a part of the allocation.”
Show all 24 chapters

Oil Market Insights

31:04 to 33:44

Discussion on the fluctuations and predictions in the oil market.

Geopolitical Factors Impacting Oil and Gold

33:44 to 38:11

Explore how geopolitical events affect oil and gold prices.

“and then it's just a half-misshyr to deal They would get to get 300 billion dollars in skadesond and like so it's a lot of numbers For it's not that they fly up and down.”

Trends in IPOs and AI Developments

38:11 to 42:00

Insights into recent IPO trends and developments in AI technology.

“Komma tillbaka på den om hormonsundet öppnade.”

AI, Politics, and Economic Concerns

42:00 to 43:50

Explore the interplay between AI advancements and political responses to economic fears.

“Alltså man ska inte underskatta hur att folk var ju rädda för det där.”

Market Trends and Speculation

43:50 to 45:40

Discuss current market trends, particularly regarding stock indices and notable figures like Trump.

“The forbind of an Tropics model is that it shows that you will have their own own, the state will have their own AI, the European company will have their own AI-based company which we can do it over on this way.”

Investment Strategies and Observations

45:40 to 48:20

Insights into investment strategies, including hedge tactics and sector rotations.

“Mm Det verkar vissa ta på allvar, vissa inte What's that?”

Introduction to Stendurren

48:20 to 49:22

Introduction of Eric Ranje, CEO of Stendurren, discussing the company's background.

Stendurren's Growth and Market Strategy

49:22 to 56:00

An in-depth look at Stendurren's growth, contracts, and market positioning.

“For now comes the interview with Stendurrens VD Today we are with Eric Ranje, the CEO of Stendurren, which is a part of the podcast.”

Market Overview and Nordic Growth

56:00 to 56:44

Learn about the Nordic real estate markets and their growth potential.

“to the area for the area which means that the output minces, but then we have the health-to-value which means that the future is increasing.”

Investment Risks and Strategies

56:44 to 57:50

Discuss the risks associated with investments and strategies for success.

“It was why we chose to go in to Oslo, Køpe, and Helsingfors for having alternative markets to grow.”

Real Estate Market Dynamics

57:50 to 59:12

Understand the dynamics affecting the real estate market and pricing.

“our saudings are geographically connecting feels of course which does that happen to see work by the real time timeline in some jetis.”

Performance and Financial Health

59:12 to 1:00:23

Examine the financial performance of companies in the sector over recent years.

“You sit in the real estate, how do you look at the price of the price of the price of the price of the price of the price of the price?”

Market Sentiment and Investor Behavior

1:00:23 to 1:01:46

Explore the current market sentiment and its impact on investor actions.

“It has announced a lot of big affairs to what I understand, what I think is that are quite high price levels.”

Future Projections and Market Outlook

1:01:46 to 1:02:53

Discuss projections for the market and potential future developments.

“This is a hypothesis, I don't know if it's exactly so.”
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Transcript

Automatic transcript. May contain errors.

0:00Just what is it that you want to do? We want to be free. We want to be free to do what we want to do. And we want to get loaded. And we want to have a good time. And that's what we're going to do. We're going to have a good time. We're going to have a party.

0:285.88 Carlosorp conversat in Stockholm in September that is already trebut of the Może Since here The guests They mostly make itself yourself, be asleep on the new ones, pay a lot of money, or sit on the playa and enjoy a drink. Exactly. Free New School has also stängt on the midsommar so you can in the stort sett never look at. What happened then? They have the Juneteenth. Yeah. It's not a Brexit. It was one of the craziest midsommar-afton when you woke up or midsommar-afton. It was that the UK had been filmed. But in the USA has also stängt also on Friday. It's a quarter-send. It's a quarter-send.

1:16It's a quarter-send. It's both in the USA and in the world. I don't know how it looks like it. I rest of the Norden around the summer. But it's a quarter-send on Thursday. It's a quarter-send. We'll talk about SpaceX IPO. We'll talk about some of the end. We'll talk about some of the Iran-deal. We'll talk about some of the other things. It's been an oil company that has been affected by this. Guld has gone stark. IPO-marknaden börjar vakna till liv. Nasdaq har gått upp 7 ,5 % på en vecka här. Full fart. Vi tecknar SpaceX. Ja, teckna. Teckna sälj, teckna köp. Hur ska man göra? Hur har man betett sig?

1:54Allt ska gås igenom. Och kanske komma med lite sommartips inför hängmatteportföljen. Och i slut på avsnittet så har vi intervju med Stendörrens vd som är tillbaka. Intressant att höra om bolaget och fastighetssektorn. De har ju We've had it tough on the market, but it's like many companies that deliver on the market. So that we talked about with Stendurren. Super interesting. Obligations markets are one thing and the other one. It's really interesting to hear how it really goes in the market. Matit, we're going!

2:33We have with us Robomarkets. We say that it's happening on the American market.

3:07Now you do it. Yeah, it's already started to say. But exactly, there will be some index-includering here that you have to take care of. It's going to be a lot of time and it will be a chance to get to. Yeah, and I handle even the Octave. The one is both in Stockholm and in the USA. And it has been to and from a lot of spread there. And it can also handle both long and short. It's very good to have several companies with different handlebars There are some opportunities that can give very interesting places when it happens. Yes, exactly. And you don't want to understand what it can do for a discounting or what you actually have to do with these affairs when they are up.

3:45Yes, so it's about having a depone ready. If you have not a company at Robomarkets, it's really time to sign up. And they have even TradingView, which is fantastic. If you want to work with grapher, you can get it gratis via Robomarkets. And if you have any questions, contact Max and Simon at Stockholmskontoret. so they help you super quickly and easy. Thank you, Robomarkets. But remember, investing in your risk is not sure that you can get back your capital.

4:18I thought we could start with Westum. The old company that took over We, which I think was up over 10 000 percent a while. They were with the company in the company for the first time Conny Ryk I was on the way I was on the way I was on the way I met some small children that I was on the way with the first time and then it was instead of saying it's a company or something then it was just RYK over the whole so it was all cred to Conny Ryk that's on the way with their money in the young people but it was snarerate a tecken from gud köp Westum for the next time Efter kom de ju med en mega nyhet här Men det gjorde jag inte Men det borde man ju tagit till sig när det bara stod ryk Var jag än gick så stod det bara ryk I hela enskede Men Westum då, de sålde en del Av sin business, den här Flow businessen Med inriktning på vatten För 6 ,5 miljard Jag tror inte så många har tagit Växtum på riktigt, de gjorde de här Kändes som hundratals förvärven Och sen har det liksom fört en anonym tillvaro Men De har ju byggt upp olika ben här and this was the water part and he managed to sell this for 6 ,5 billion and would do it for 13 ,5 per kronor and the action stood at 12 ,50 before so it's very easy to sell something the market has not written all the whole world here so it's a little fun for the value investerings it might be coming back but it was Concilium which also sold it to Nordic Capital they were good at finding what should I say, under - or over-värderade togay for the company where Concilium sold something that was 200 % over in the company or like that and then Westum then a del that is that you can get to it feels like it will be a interesting day the day the day the day the deal goes on 13.50 how much it is that is the actual the actual around 16 now so you are the rest of the del to 2 ,5 krona but it will be It's fantastic for the owners, if you're a big fan, you'll get lost very much cash.

6:29I think Conorick would get lost 1 billion. So it's just to lift up on him to the house with this building that he has built up himself. And if I minst it, he also sold his own company to Nordic Capital. So there's a lot of that to take a good ground with skin in the game. then there's a good plan. They work often for all the company. Have you any other case? It seems like it's many companies that have some parts that are worth more than the whole. But it's not that the lead is not to do it. Or that you can do it on a way. It's probably many things you've looked at through the year. But it tends to take so long.

7:14This is a value case. And it's a very long time Until it actually happens Yeah, but exactly We had even Volati Some delated up their company I can just mention now Ecostar Rymnbolaget Some sits with a lot of SpaceX-actions SpaceX went to the market The market went up The market went down 7 % And it went down I don't know what it is Lockup Yeah, but you can also look at what the price of the price is. And it's just the price of the price of the price. This is the price of the price of the price of the price of the price. That's why they're on so many SpaceX. It's not the case. It's not the case.

8:07It's the same with Softbank. They also have 50 % of the price. For example, you don't really think about OpenAI-to-value. No And it's like Kinnevik So it depends on a little Antingen sits on your own own You own yourself It's on your own Is it worth more or less Or you can sit on your own Noting on your own And you can handle Stor rabatt So it's important to do If the lead is going to do something In Kinneviks case To maybe take off a new To show you that we To buy money for 50 dollars With a price of kron Yes, exactly Softbank is well Kapitalförstörare Or capital-görare It depends on who you are.

8:43Yeah, you're still out. But they're still in a high risk. They have many dikes-körningar. There are some good affairs too, for me to say. Absolutely. But the good affairs tend to be... It's often that they're not going to do. No, and what I can do with it is that they said that they looked at a strategic oversight. It often used to be a good trigger. that it should happen in a half a year. You can wait for a case to happen and then it takes five years. It's important to see that management should also see this. In many cases can you count on a single time and you think, why press them not here?

9:32Why do they not do this? It's not always so that management actually spring on the same ball as you see it. Ofta sitter de bara där och lyfter lön. Man vill att management ska se samma sak och försöka jobba för att framhäva de världarna. Det är inte alltid det sker. Sen ser man vikten av att vara påläst. Jag kollade på Volati i veckan. De delade upp sitt bolag i två. Volati och Salix Group. Först knoppas man av. Jag som har blivit någon avknoppningsexpert den sista tiden som har varit framgångsrikt. and then you can calculate how much Volati goes down when Salix was released and then the day Salix began to get a real value it was what happened in Hexagon Octave and here it was a real thing because Salix was a very large part of Volati so first opened it with 20 kronor down and you saw a analyst who had written at it was worth 50 kronor so Volati when you buy Volati the day then, then you didn't get a deal in this Salix and then opened it 30 kronor for a while so then it crashed it very much to its right value but then maybe people can buy Volati they don't know that it has got X so it's up to banks to inform it or so have people a different view of value but had you done the other end And so far, you know, and you had to do a fantastic affair.

11:06So it really matters to be on the hook. And it's like, here was not so many, it was like, it was not so many, like, that would be like, that would be like, that it would be like a little under the radar. It's not so many people who follow it, it's not so many people who have calculated. And if you do job then, then you have a edge. I have a great company on this topic, and it's Honeywell in the USA. They have a spin-off now, the 29th of June. so they spin out of their aerospace and then they will be able to do it and it's a case Elliot was with, he got in as an activist it was a guy so I've been working on it in almost a year it's been a spin off in the end and now it's the next one and it's aerospace-delen it's a little bit but I'm going to sell it again you want to be a car in the old age or you want to what do?

11:59Vilken del ska du behålla? Aerospace eller den andra? Jag behåller den vanliga. Sen satte de Continuum, för de som gillar kvantbolag, det är många som tittar på. Continuum är ett kvantbolag som satts på börsen här, som gjorde IPO för någon vecka sedan. Hanwell är stor ägare i det. Det är ett jätte konglomidat, en jätteindustrikoncern. Hanwell är en gamla boomeraktie. and they have decided to be able to to get the opportunity to get the opportunity as GE did for example from the Embrace do now, from the way to get up many to and to get out, and now they would get out one more time there so it is to and with Carnegie has to and with his spin-off-fond it is very many studies that show that you have made an over-off-kastning in these spin-offs so I have really started to look at it on the end it was still the Octave, it was a little back and back, now it has come back and become very weak here.

12:57So now I've increased up again. You could convert your Swedish to American. It felt like many did it. And then you've got to get out your American. Even if you didn't get the American. The American-actional was very high compared to the Swedish. And then I thought, now I'm going to convert a lot of vins. But it went up. But trots it, the American has started to handle much worse than the Swedish. And has started to get a bigger volume. I saw that Insiders They bought very much here For a week ago And now, in the way, came a new flagging But on the way, the insiders And they were going to be in the USA And they were going to be in the country In two years or something But I saw that Insiders They're just three people And they've been to buy for 60 million So they should take off Risken for a bad thing Q2 We're still in the 15th of May Or June So they're not so long So they should have a lot of time On the kvartal and sminked up the number of numbers here so I still have Octave and handle the little bit back when the number of numbers have I sold out a little and now I have increased on real here now when the number has gone very weak on the end I saw that software that they call it the ETF that was near 10 % on a week here so it was a real stud while it became an off-knotting in the software sector and now they have Now they all have to go and wipe on something on a five-throw.

14:24And as I'm saying it, it doesn't Octave live in the far zone, but it's not.

14:34We are sponsored by Vansa. This week they have launched Social Sparating via Placera Forum. where you can follow friends, experts, profile, on the forum, how others invest and get inspiration. Exactly. So you can make a portfolio, you get a rating on 1-5 sth. And you can comment on your own profile, you can see lists of trends and elements, and you can inspire top members with best discounted risk. So if you want to go on, you can create a profile. Placera Forum, so can you pop up which portfolio you want to show and then you're going. Yeah, exactly. And I like to see lists over trend - and companies.

15:21Innan you could look at Placera Forum which has the highest activity. There you know that it's popular small-spar-acties. And now you can see which companies trend - and sell - Exactly. Put the money with the mouth. Yeah, exactly. It's maybe someone in the forum that's written so much so it's showing that he has no akties. So this is interesting. Intressant. Man måste ge in och botanisera, hitta några favoriter. Man kan känna igen och använda namnen sen innan. Då kan man se vad de har i portföljen. Eller hitta andra profiler som har antingen intressant avkastning eller man gillar vad de skriver och se vad de har i portföljen.

15:56Så spana in det. Stort tack Avanza. Men kom ihåg, investeringen bär risk och det är inte säkert att du får tillbaka ditt investerade kapital.

16:09Ska vi hoppa till veckans superämne då SpaceX Yes Båda vi tecknade ju Skulle man teckna Teckna stort Teckna litet Jag körde väl någon gyllene svensk väg Och tecknade lagom Man fick väl ändå Relativt stor tilldelning Det var liksom inga Jag vill säga sådana här 60 aktier 2000 kronor Men priset var ju 135 dollar Så det blev väl 1200 1300 kronor And Man fick ju ändå en ganska bra 1200 % Det var ju bra Det var ju en fantastisk tilldelning Man var ju bara dum att man Var så snål och feg Och så här i efterhand Så var ju tydligen det här Det mest riggade på ett positivt sätt Ingen får sälja, det finns ingen lockup Megaliten free float in i alla index Jag Hamlade där från mobilen för det öppnade ju ganska sent I fredags och då har man ju call-pris, and then ticked it down to the whole time.

17:05You can try to find a jemmy there, buy it, buy it, buy it. And upenbarligen, Kreti och Pleti didn't get in a deal, because it was a enorm after-frågan. They and index-fondes would be in here, no matter what price. So I sold my call-in, but it's the lowest price ever since, I've never ticked less. Grattis to me. It was a winst, but I stood here like a jävla phone-tratt. And then I took it up, and this was also a classic. I stood and slog hela dagen fram och tillbaka, hände ingenting och sen igår gick den väl upp 20 % eller någonting. Jag sålde mina igår. Och idag är den upp 10 % till för nu har ju då alla enkla sålt ut och nu blir det bara ETF-körning och ja, liksom ingen ligger på minus.

17:46Det här blir liksom perfekta momentum-aktien tills det kommer någon sån här 10 %-stropp och då kommer magin dö. Men den ja, det var du som berättade vi fick i vår chatt här att Elon Musk tjänade mer igår än vad Warren Buffett har förmögenhet eller tjänat i hela sitt liv eller någonting. Så det är sinnessjuka tal, men det är ju bara för att det är 4 % av aktierna i SpaceX som handlas. Ja, den låga fyfråten gör ju att det blir tryck i aktierna. Ja, det blir lättare. Och sen så ska den ge in, jag vet inte, den ska in i Russell, vad är det? Det är väl den här veckan. Och sen ska den in i MSCI, och sen är det 6 eller 7 juli så är inkluderingen i Nasdaq 100.

18:29So you're going to have index-fonder that are going to buy that you're going to buy in. So it's a flow. And then all those who will be able to do indexes I must take in a little SpaceX in all of a way so you don't get it. So you have a little flow in the flow. Then I think that it's sell-share. We know that it's lock-ups and so on. And it looks like 69 months so it's just a look at how Clanas and the other side then it was just a look at it. Then it was just a look at it before. Yeah, I mean it's probably a lot of how you can put it up. Today I think I think all options should be going to be released here.

19:16Yeah, then it's also a different thing. Then you can buy a lot of sell options without full attention. But for that it works. But for that it works. Yeah, exactly. Or that someone else does it or that if you do it on a custodian account I don't know how it is, but it's clear that it's going to be a solution. Yeah, you must in all of a sudden and a little bit more invested in all the time. This is a and all the other, and all the other, a and all the other, a saga that you've managed to get a company to this value. He knows exactly how he's going to play the game. We're going to be the one who's sitting and saw in the asphalt here.

19:51So they're going to spend our game. How do you think about it? I don't want to talk about the action so much more. I have no real edge here, I think. No, it feels like a start to petters. But index-includering, you should look at the flow. See how fronted it is. And as you mentioned, today will option come back to the market. It's very difficult to have an edge. And I think when you're close to it, so underscats the whole Elons fanbase. he's not so popular in the normal media but on the market there's no one that has created so many resources that he has made to his Tesla fanboys and like that and it doesn't look at looking at any on this one, this is an investment in Elon it's interesting I think that rest of the sector and the company has gone to the they have totally crashed after it has gone well and then it has gone bad and it has gone bad and there has been SpaceX been a form of a mechanism of capital.

21:01That it's a different way to stop in SpaceX. And some maybe think that it's for that SpaceX is the end game in town. I don't think that. But it's just that the RymDTF and so, they also take in SpaceX. And I think that then you need to to create space for space and create a liquid and sell in the house for that to take in space and then the most important thing that space will have and the most important because it is the absolute biggest company so it is many such flows that are in the company and I have seen many theories and I think that this is like a Starburst release, when should I sell before, how should I sell and here, yeah the market is still for all it's time to 2-3 weeks before and then it's just a tick trots notering trots success and all that and another theory it was just you know you buy a lot of rymdexponering for SpaceX and now when SpaceX is on the market then you sell the the rymdexponering you buy because now you can buy the best rymd on the market even if it is it or not and it is AI they are just 100 different parts of the market it's not just but but But it was a clockwork case in the beginning of the year to call a company and now we're in a perfect storm here.

22:29So we'll see if HSN will come back or what's happening with the whole room. It won't be a solution with the investment. Self-redubate has a solution, I think. And then we'll see, but it may be enough for that they should just use it. Just that self-redubate has a solution. Then it's like SpaceX and Stalin should have a monopoly so that's geopolitical so no one will not be able to do it It will be a European and also have gone bad I have a hard to see why they will go down now we have a little bit of freedom and we have a SpaceX-notation but I have a hard to see that it will have happened so much in their business At it will be a freedom of Iran or that the war doesn't have developed more It's just a time to invest and invest and build up Yes, exactly It has been a lot of difficulties that we need to be prepared Because we haven't been prepared for this time So I don't see it as a fred that it's a long time We've done this time It should be glad for But it also shows that we need to be prepared for next time Yeah, but exactly So, for example I'm going to get a new, a new, a new And it was that USA stopped it Tropics, Fable and Mythos, it's called it And Fable is actually a myth Fast with Hängslen and live-rem, I'd like to say With stödjul Or, yeah, staket So that you can't do galna stuff Now it's like It was Amazons VD that lifted it to the Vita Huset who said that we had gone around the security murals that had been around the Fable in the Tropics model he lifted it to the Vita House and visited it he had a discussion with Tropics but it was done with that they had 90 minutes to stend for all the American people even in the USA and out of the country and Tropics said that It didn't leave any alternative That we could just stop it For all And USA Held it natural security And therefore was Antropic's trying to stop it It's also Can we be Beroende of americans tech It's not so small Same thing in Ukraine When Stalin It was on the slagfält Direct So, bring your own gear.

25:15It's that content for Europe is to take with it. We can't be completely dependent on this. In so far, we have no policy or our own opinion. I know that some people say, but then you put in a kill switch. It's a skit-dålig solution. because when you need it, it's when you need it. So we're going to invest in it, whether it's Europe or not. And EU needs to be able to get into the bag and really start gas. And just like, a lot of red tape, as it calls on English. And really press the platter in the mat. Yeah, and this is a little... Majodragi has said it in several years. What a matter of time is that they need to get your act together.

26:08And yeah, you know, you can get your act together. Whether they say they're ill or not. No, this is a little bit the same thing. All the small business companies have gone to a catastrophe in a year. Saab has come back a little bit here at the end. But it's a little bit the same as SpaceX. It's just the big ones that go very strong. It's very selective. And you can see that all ETFs and like that often just buy the... The biggest company is just the bigger and bigger and bigger. The influx of the... Just on the financial side of the company, there are well... The company satsar. Yes, absolutely.

26:43And they're going to be out. But still, all the financial company is really small. Yes, but I think you need to be able to see what the curve is. For example, when you look at... I know that architecture... They have so much to do. What are they doing for? We need to have a infrastructure. There's different feedback on what the market has invested in. Now there are physicalctions that need. There will be different pieces on the Midwest, which the money runs through. Now, pack Japan to run the controlled by The gold enном maybeier. They are now, outside of the EU. They have decided to do this fly, the flysar with Frankrike.

27:33They are paused. They paused for Tyskland doesn't wait for Frankrike, so they are still. It's Tyskland that's going to be in Europe again. This time it's good.

27:53Om vi ska prata lite krypto då. Det har ju bubblat till lite, både med Iran-avtalet och allmänt. Så känns det som att kryptospacet har lämnat de mörkaste bitarna. Och är på väg lite på gång igen. Ja, precis. Det är ju även... Ethereum har ju varit extra stark. Det har varit fotbolls-VM. Det har fått bettas. Det var SpaceX IPO. Many parts of the world can't get exponents from SpaceX yet Maybe you can't handle it Then you can handle SpaceX, the tokeniserable version Precis, and it has become very popular It's called perpetual perpetuals And it gynnas bland annat Etrum and a lot of other crypto-valutors But this week I thought we could even get exponents from crypto via your pension So you go in on your depot where you have your pension and then you can do what you do and write in Virtune and then you can get up their crypto-ETP and it's many more big actors that have decided to put a little bit in crypto for that to get a exponer to what happens with fiat, value and like that.

29:03The big international actors like BlackRock have taken in crypto and as a part of the allocation. So it can be interesting to have as a long-term bet about what you think about Fiat should continue to be to be able to work on or what you think about the financial ecosystem and if it's going to be so that all of the time has been organized and so on. It can be interesting to have. Absolutely. And as usual with Evertune Script and ETP they handle on regularity börs in Sweden and Stockholm they are 100 % physically back and they are They offer high-pitched investeringsskydd where they are underliggande to use of international and institutional institutions like Coinbase.

29:45Where you can see their products and books and like that. Exactly. And they are in cold storage these coins. Which means that they don't can't have a product. They have their products we always talk about. Bitcoin, Solana, Etrum, XRP with more. and you can also explore their popular index products. If you want to learn more about pension, you can go to www.virtune.com and then you have a month-sparation. So you want to know about your pension, maybe more than you have a long period of time so you have even a simple way to start to spend via to example Nordnet in crypto. Precis, och det här kan man läsa mer om på Virtunes hemsida och då är det www.virtunes.com slash monthly savings Där kan man läsa om det och det är ju intressant det här med tjänstepensions biten till exempel man kan ju laborera lite och kolla historiskt vad som hade hänt om man hade stoppat en liten bit i bitcoin till exempel Det har ju varit relativt okorreverat andra tillgångar i alla fall om man drar ut tidskurvan Så det här är ju intressant en intressant tillgång på det sättet So don't forget to read it on Vertune.com Thank you

31:11We'll see you next time Next Friday We had a meeting We had a SpaceX-notation Trump is in the war He likes the data Maybe not in time But he likes the drama So vips So he fixed up a deal with a deal He said it was now now 400 times Now they have written under Some form of MOU It looks like a spotlight company It's like It's going to sign up on the right now The new conversation It's like a talk of a framework for it Man has almost got to know what it is It's signed and not But they say that from and from and from When it's written on the right So it's going to open up Oljan crashed on the right It's been a long time It didn't crash on the upside And now it has come down very much So there are many of them Have felt that the oil was going to 200 dollars And like that And it feels like The most on-the-play Are most overwhelmed here All the lag of the level is super low It stops over all And still have the price on the screen Not been so extreme as they thought No, and then came the news About that they have been smuggled Out of oil in the sun It was almost 100 million fat Now many experts say That it's not 100 million fat Alltså So many fat Transponder-fri But oavsett So it's The price on the screen It says that I have Läckt olja Little anywhere All right What do we have To go on But it's I note That If you want to The administration Or Trump Till skillnad från Till exempel krig annars Gör det att det börjar så här Långsamt Man klappar till varandra Lite här och där Och så eskalerar kriget Medans Trumps Hittills hans konflikter Det är ju motsatt Det är full gas On från början Och sen ebbar det ut i något så här Mellanmjölk som man knappt vet what it started to do I mean, I mean, I vanliga fall it can be that krigets mått eskaler and then it can be a fred that sets stop for everything Now it's not true It's not true It's full gas from the beginning and then it's out of a mismatch and then it's not to focus on it anymore and then it's just a half-misshyr to deal They would get to get 300 billion dollars in skadesond and like so it's a lot of numbers For it's not that they fly up and down.

33:55Yeah, it's not that I know. And if it's not that... It's not that the American company should be able to buy up Iran after all. Yeah, but it's not that. Win-win, I'm not sure. But lose, lose. Oavsett, that oil prices are positive. It's also that it's not so long... It's not so long... It's not that Trump's 80-year-old, as you mentioned. UFC, Vita Huset, it was a lot that could happen there. Exactly, it's football and VM and it's between the end of the year. So he has a little limit here, that he got a lot of bensinpriser and like that. And even NATO said that they were going to help us in the Sunday from July.

34:43And it was a time for when it started to and make it so wrong in the economy. When NATO said that if this continues to be in July then we will help. And it was a little that they looked at that they were looking at that they were so low so they must do something. So it was not so long before that. That's what we see now. But the oil is really hard. It's 81 dollars here. Oil companies crash on it here. I look at Chamaran. They've bought a little bit. Super high risk. but they have not had any production when the price has been high but a fred is that they produce then they handle them to super low multiples but it's a very high risk it's like the other oil companies if they go down much on this it's interesting to buy them because oil will be higher in a longer period than what we had done before in my opinion you will get out but they will get out for long in the oil company you will get out to buy 30 dollars then you will not have oil I don't know how long he talked about it I think that another interesting spaning That you can learn now When the market and the rubric Are going to write for much So it's time Or it's time to write narrative When we write a number of people Who are on flygplats It was like the bottom of COVID And when we started to calculate the amount of the equipment in the Hormuzund Every day, every time Then topped the oil You understand my thinking?

36:31Absolutely When it gets for 90 gritty So it's like edge on the floor And then it's for the way And then something looks like For on 120 Or on what was it? It was almost like 120 On around 120 dollars It was just a few times That's how we count tankers And count every fat And so on And it was the same with the top Yeah, but exactly And something else I looked at Is something to have with When it's for 90 gritty So it's like Now it's over You know, you can find a raw Or an oil-analytical In a lot of people who ask Something on the front He's going to put it on a interview when he's going to TV. He's in the smear.

37:17Exactly, in three months. I've looked a little bit on gold. It has come down quite a lot. Now it's done it on this Friday. I've looked at some gold companies. It can be interesting here. It has come down a lot. Lundin Gold and Mimera have been very much. There's still two spades. lite intressant. Vissa är inne på att guld efterfrågan kommer minska från centralbanker och liknande nu när man ska rusta upp. Så då måste man ta pengarna från någonstans och då försvinner den naturliga köparen. Sen läste jag väl att Tether, den här kryptaktören, var för största köpare av fysisk guld. För de har ju deras Tether då.

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38:02Så måste de ju ha statsguldväxlar och de köper guld och olika fysiska backare. Så det verkar ju finnas lite olika köpare där. Så jag ska försöka ta fram en liten guldkorg I'm going to talk about the next The winner on the Iran deal It's gold, as you said Råvaror That's good And the economy That's bad Europa goes really strong Here on the börs Jämfört with the USA Absolutely, much stronger And it's because we're not energy-obroaring And we're rather very Beroaring Qatar was out today and said att de skulle sätta igång halva sin LNG-produktion väldigt snabbt. Komma tillbaka på den om hormonsundet öppnade.

38:46Så det är ju väldigt många bitar här som väntar på en lösning kommande veckan. Så får man se om det är en red false flag. Eller om det här är på riktigt nu. Så det är lite ekonomier i Asien och i Europa som inte har varit med i uppgången on the same way as the USA. So it might be a rotation that Europe is strong a few years ago than the USA. It doesn't hold so long but it can be a look at. Yeah, then we had IPO-marknader we had Selex first, the one went on but the one was in Sivers space set. Now we had two serieförfärvare, Tongen and Nortech and I think it's cool that IPO-marknader comes on, it's always a lot to handle the first day.

39:36Here saw you know that Tongan sat out to a low value in terms with their peers and it looks like a pretty good strategy to leave a little on board. The deal was really well, had a fine anchor and Northech dealt around its IPO. It was a little dyre, maybe a better company in mjukware and like that. But the deal was not like stark. So it can be a recommendation to IPO that you might leave a little on the board to the ones who are making. And you can see here that it's a very big impact from the news. So if you have to give it to the news that they say to the company then it becomes a high-strike IPO.

40:20And if you don't get it to them then it's not really the same. Exactly. And then we'll talk about AI. It's a Tropic that they got in Frontier Model cancelled. You have more than what you talked about earlier? Or have you got Alzheimer's? I think it's a big deal What you've been buying or buying it How have you been doing? I think Tropic I don't know if you follow him Amodei Alltså his DVD He has a own blog He has a betal-substack He has a blog where he says He says that the world will go under Stupikvarten And that there will not be any job It's like Doom Hans eget företag ska krossa jorden Och han sitter och bloggar om det Ja men han säger hur läskigt det här är Och hur hemskt det här kan bli Men han slutar ju inte bygga på sin Frankenstein Som han bygger Jag tycker det är skitmärkligt Så på ena sidan Så sitter han och bygger på en Frankenstein Han skriker efter regleringar Men slutar bygga den då Det är ju jättekonstigt Nu är det här konspirationsteori But in 2000, in millennium-skift, on the new year's afton, Millennium Buggen.

41:38Millennium Buggen, exactly. Many people who sold a program for to help to help from Millennium Buggen. Yes, exactly. Ingen wanted to fly on 12. Can you take out money from bank. Yes, exactly. That was the biggest bluff. I remember, it was on TV. I remember when Robert Ashberg stood there. It was a Brunne and Australia started to work. And then it was like, Alltså man ska inte underskatta hur att folk var ju rädda för det där. Så det pumpades pengar in i det där som en krockkudde ifall datorerna skulle sluta fungera. Och jag undrar om det inte är det typ de här AI-bolagen håller på med. Alltså de kör en sån här dum faremongering precis som att kraschböcker alltid säljer på börsen.

42:26Det är alltid så här, hur du ska tjäna pengar i nästa krasch när alla andra torskar pengar och du vinner.

42:33And I think that they do it for to stress the politicians to keep the circuses going. I mean, if the AI-nissers are super-geniers that 50 % of jobs are gone until 2030 and then you sit there as a politician. Yeah, what do you do? Your vote will be more than less. So you have to do it. Yeah, you have to stimulate it. And what is your needs? If 50 % of jobs are not stimulated or done anything, then you can help you as a politician. And if it doesn't get so far, for for for the long time, I don't think that politicians do anything about AI. hittills heller. Nej. Det är lite still på båda sidorna.

43:24Exakt. Men jag tror att man försöker piska upp en opinion till att ni måste rädda oss från AI att de konkurrerar och stimulerar etc. Och vad är politikernas nedsida? Okej, det händer inte och vi fick inflation. Det är liksom... Ja, det är så politikerna alltid gör. Så det är det jag menar med att... Jag tror att det är det de försöker göra. Piska upp det här. Men... The forbind of an Tropics model is that it shows that you will have their own own, the state will have their own AI, the European company will have their own AI-based company which we can do it over on this way. And also the thing that I've talked about lately, on device and edge computing.

44:11That it drives on your phone, on your PC. Open source models should be able to get this. So you're not going to see what Raspberry Pi-based company is. Yeah, exactly. And I was long call when the company started to go up and sold for a while. But the company is still interesting, with their chip and such things. And then the open source models. I think it has become a little that all must have the best models all the time, the last model. But I think that many companies will come to say, for these jobs don't need them. so token spend would go down and then Tropic has had problems with the US state with the Trump administration they've been bråkade, they've been up to the Department of Defense so it's no doubt SpaceX can come to the market and then stop the Tropic which is on the way to the market so it's a little bit of this also Ja, absolutely Och om vi avslutar med index då Det går superstarkt Nasdaq upp 700 % på en vecka Europa går starkt på det här avtalet Det brukar ju vara by the rumor, sell the news Här har vi inte riktigt fått det Nej, avtalet är inte signat Exakt, vi fortfarande är den här rumorfasen Ja, exakt Nej, och sen, ja, Trump Det var ju hans födelse idag Sen 4th of July firar väl USA 250 år Mm Det verkar vissa ta på allvar, vissa inte What's that?

45:45Vissa verkar ta det på allvar. I följde han Greger Capital. Han lägger bara upp om American 250 years. Ja, men som du nämnde det nu i avsnittet, Trump gillar ju stora datum och stora sådana där grejer. Det ska vara pompost åt. Han har nog gärna börsen i Paul Time High. Han ska vara den första presidenten som lämnar över VM-bucklan har jag läst också. Han gillar ju att vara i fokus till vinnarlaget. It's not a mid-in-burs crash. Man will try to hold all the hands and feet. But I may have to say, I'm going to say my short-cut for the week. What I'm very glad for. Not with a winst? No, I got a torsq there.

46:35I'm very glad for that I'm going to say hedge-boss. For Nasdaq has gone 7 % since WestNasda. Yeah Inom de borrar sönder oss här Vill du säga något annat du har köpt eller sålt Eller tittar på Nej men Nu låter det som att jag är superhåtsad här ända fram till fjärde juli Och det är jag inte Tänk fy om du hade varit åsad Ja nej men det är kvartalslösen här Så jag kommer säkert torsdag kväll Sitta och titta på Att inte kanske testa att lägga på en short För att Det har ju verkligen Varit It's been a little money for the last month. We've had small companies, we've had all the stuff. Now it's just a little bit.

47:17Now we've got to take out some money for the summer. Yeah, but it's also. Now with this, the oil comes down. So I think it can be a rotation in a company that hasn't been able to do it. For example, the oil has not been able to do it the last months. And then I don't talk about oil. I don't talk about metall, silver, gold and platinum. So maybe those who haven't been any trouble. But a rotation of this one has been the hardest thing. I think it's absolutely true. And in? Value. Hard assets again. Same trend as we had for the year. Fram till Iran-Kriget. Nasdaq ställer sig på bottom. A so little rotation.

48:03You can see it when you look at the big companies in Nasdaq Apple and Mag7 Has not gone so well No, absolutely not We have a fill or kill I will say that Fillen It will be SpaceX-notation That you got a part of that It was very old as a Swedish And killen will be That you don't remember A Fegis Exactly Exakt Min feel Dels är att jag stängde mina Hedges förra veckan Det med backspegeln Det var rätt beslut Sen en annan feel är väl att SpaceX Faxigt gjorde ett europeiskt prospekt Så att det europeer kunde teckna Och nu när det verkar gått Vägen och gått väldigt bra Man såg också i SpaceX Att retail ensamt hade kunnat ta Hela den här IPO They had to take for 75 billion dollars 70-75 It's probably a way for The American people Are there any other svenskers Who would take a deal with The European people were not so fat It's probably worth it To do a prospect And then it's open for To get more and more And listen to the interview For now comes the interview with Stendurrens VD

49:29Today we are with Eric Ranje, the CEO of Stendurren, which is a part of the podcast. Welcome. Thank you. For the listeners who haven't listened to the last and didn't know about Stendurren, tell us a bit about your background and your business. Stendurren is a fasted company, a business owner, in a law, logistics and a lot of industries. It's important that it's a law, logistics and a lot of industries, because it's a fasted segment with high cash, which gives stability. We have long long-term contracts, we have a long-term contract for our contract for about four years. We have only one big guest, the Swedish state.

50:08We have a very granularity of the list. We have a good stability in the company, but we also have a goodwill. It has to do with the fact that our fastigheter is belated in the Mälardal, and even with about 20 % in Stockholms. In such a macro-life, there is a high-life, and the more urban life it is, the better. So we have, thanks to our life, a good value, a large portfolio of approximately 630 000 m2, which in relation to our untyrbar yta on about 1 million m2, does that we can grow within a befintly bestånd. It generates a lot of money. We also have a forbearable model where we buy a lot of fastigheter.

50:53Not in portfolio, but also in portfolio. And not in competition. Which means that we can buy 50 to 100 points. Highest price. Which means that we can drive a lot of money there. So a stable company with high high cost. 18 billion dollars in fastighets. You were here for two and a half years. What have happened to the company since then? It has happened a lot. Three years ago I have some grap in my investment presentation. I have a great point to talk about the data. The result per the act has increased by about 20 % per year under the last three years. We had at the time I think that we had about 12 billion dollars.

51:40We are now on 18 billion. We have almost the same vacancy situation, around 5%. But we have still increased over-skaps from around 75-80%. So we have had a good, both financial and operational, frame rate since then. We have been around 50 000 m2 logistic and a lot of industry on a good price. 7-8 % depending on how you count with a more than a growth rate on 96%. But, straight up, it's a big deal that we've established a massive massive mass in Helsingfors and Köpenhamn. We have a fastedstated on 2 billion dollars in Helsingfors and a billion dollars in Köpenhamn. So, I think it's the biggest deal that has happened.

52:28What can you say about Byggrättsportfueling? What's it for projects there? We have, as I said, 635 000 m2 to jämfört with a uthyrbar ytor on about 1 million m2. So we can increase in the environment with theoretically about 65%. We have about 25 000 m2 in production today. We have about 25 000 m2 in production, not in production, but in concrete projects. We have a lot of people, we have even a big deal. If we just hit a house, we can just set it on. It's a part of the potential of the potential in Stendörn, that we can grow very much in a befintly state. It's important that we don't buy by the market, but this is the market we already have.

53:22It's a detail-planerated market for the business, all of the logistics, the industry. and the byggrätter that we already have in our clustered with our own capacity. We know our own customers as they will expand, but we know also our customers' customers. We know that our market is low, we know that our market is low. So we are a company of our organization. We do all the development, and out-of-the-art project in-house with personal. And that we do on the market where we already have a personal place. So we have a very deep knowledge about the market. So it's a great potential in the byggrätsportfuel.

54:16And how are the markets with the byggrätter? Are they any value? Are they anything you can sell? They have a value with liquidity in the hand. So it's not a market that is duped to talk about. Even if we want to give a fair price, we will show them in our balance-requesta. And it's true. But it's a very tough market for handel-byggrätter. Which does it still get more than theoretically. So the upside is to buy? Yes, it's the upside. The incrementally kalkyler is very attractive. Often is it called an infill project where we have a large market with a small house so we can build a house to. On a market that we never paid anything for when we originally bought the cash flow generated.

55:07So if we just count on driftnetto on project after we have been by and hyrts out, dividerat with capex, If we have a penny out of the price, then the price is at about 8%. So it's a very good calculation. And our net price is at about 4%. So spread is very attractive. And if you look at the area, you talked about that you are in Mälardalen and then in Helsingfors i Köpenhamn. Are those where you want to continue to grow? Yeah, I brukar betrakta Stendalen as a derivative on the market. and the micro - and the urban micro - there we have the health-to-value. I have often talked about Hammarby Sjöstad as an example which is a time ago in Lugnes industry.

55:56It converts bort to the local or area to the area for the area which means that the output minces, but then we have the health-to-value which means that the future is increasing. There is the health-to-value. When we have And if we can count on our own data on our own own, but even on other data we have found, we can constate that we have about 2-3 % of inflation over inflation. And it's the unique combination of this type of access to the market, and so much in the way we are looking after. And it's what we're looking after. And it's in Stockholm, but it's also in Oslo, Kopenhavn and Helsingfors.

56:35then from 10 to 10. The nordic fastedels markets are not completely in the cycle. Ibland is it for a bit in Stockholm. It was why we chose to go in to Oslo, Køpe, and Helsingfors for having alternative markets to grow. But we think very much about Stockholms markets. We want to grow so much in Stockholm as it just goes. We have a kritish mass in Finland on about 2 billion dollars of our fastedels. So it's about 10 % of our bestands. I think that Finland is a little bit. It's a bit of a bit of a bit. It's raining. We're spending time to see that really well in SAYG. Next, we think that Man нашей is forffekedraps.

57:11Instead of otting since theGU did... But the total rate is that كان we would Пусть and its Europe. At honom to try to what's best risk of livres are you buying from Lady�� Princip ça? Yes. In measure of ice cream or Bortse the immediate deal of the Covid which are including centralised, so I can think that you should be careful from a poor campus for distance risk. It is more than one or two percent it is better offkastning, despite the fact that the Capiquerins may be an RS or another in the P point of risk of. For our part, even if I am very chors I work the棚 that is is of course surely our saudings are geographically connecting feels of course which does that happen to see work by the real time timeline in some jetis.

57:56The commercial... figure it out itself is fully prepared but if we look at our track record with 50 000 m2, which is not a gigantic volume, but it's a number of projects, 13-14 projects, on total 50 000 m2, nearly 1 billion dollars in investering. There we have 96 % of the world's growth. And we build, as I said earlier, on a market where we already have our bestand, but the commercial risk is quite low, I think. And then we have the market risk. It's always a risk that a company goes in a competition, but with the right amount of analysis, the right resources and other things, so it's not possible.

58:39So it does make it more than that. If we look at driftnet and divide with money, so we're at 8%. In the case of what we've been buying under the last year, we're at about 7%, so it's 1 % better. I for a while, we have a lot of money in Finland, so that is the price of the price of the price of the price. So in fact, it's 150 points, also 1 ,5 percent higher price of the price. So for our part is better to buy so much it just goes. If you look at sentiment, it has been relatively small on the price of the market, on the fast-guards. You sit in the real estate, how do you look at the price of the price of the price of the price of the price of the price of the price?

59:23It's very sectorspecified. It's clear that contor and some of the companies have unique challenges. Talking about our segment, I would say that the underweighted company goes pretty well for our own company. We have managed to build and buy out, and actually increase the economy in the last three and even six years. And there went to pretty bad entire loss, Eigenfares and Fraorder So the underlying business government rules Oh good And I think I醉 underheter Well like I concurrence When you copy and sell It's a long live activity Yes, and it has been stiged under the last two of the two quarters.

1:00:23It has announced a lot of big affairs to what I understand, what I think is that are quite high price levels. So the underweighted activities are good. I don't know if we'll come back to it later, but the financials are great if you compare it with the last five years. We have done two obligations, a senior security obligation and a hybrid obligation on a billboard that was unheard of for a quarter or more than a year. Bankmarknaden has a very high appetite and it can be what drives a part of investing in. Tillgängligheten till capital is a forutsättning and it locks to our köpare and that you see in the market now.

1:01:09And why has the price come down? I mean, it's a bit of a competition. I think it's a bit difficult to get it. On bankside, I think that corporate Sweden, all the workstats of Sweden, blue chip-belts, doesn't grow so much. If you want to save your rente netto when you're banks, because of the fact that it's so capital-intensive, it's a big sector in Sweden, in the notary environment, so it's a bit of a way to go up for a higher rate. And that's what we see extremely clearly on the obligations market. It's a bit more difficult to think I. It's possible that it's a... This is a hypothesis, I don't know if it's exactly so.

1:01:53But when it started to go down in Iran, and a lot of investors or investors got a feeling of a loss, so I think that some of them sold off a little bit too much and increased their liquiditats - and then they didn't come the capital-outflöden. So you're sitting a little over-quiet and you need to invest in them again. I think that can be a case, but it has not been recognized. And these are the ones that are specific for you or for many? Generally, it's probably all the company. But we saw in May, I think it was for a year, a very strong shift. london C dع a key and hold andsubt massive marketing simple trong process for six months orいく

1:03:00six months or いく So we have financed our balance - in princip under the following year, 2025. And we have saved our financial cost of 36 million dollars on the basis. So we have taken a lot of it. But in the bottom is it a general appetite from the bank system that meets all of our segment. And it seems like some of the companies have problems. You can look at the average. What have you? You have a stable average. We have EQT, our hybrid-actie-actie-actie. We also have Altira, our next-storst-actie-actie. But it's a very stable-actie-actie-actie. So it must gynna you? Yes, absolutely. As a result, if you look at the market, what do you think about it for a new year-actie-actie-actie-actie?

1:03:37What do you think about it for a new year-actie-actie-actie-actie? If you look at the market, it's a result per-actie-actie-actie-actie-actie-actie-actie-actie-actie. Sen så tror jag att bolagen och även vi tycker jag går bra med att titta på de senaste kvartalsrapporterna och faktiskt även under långsiktigt. Jag nämnde ju att vi ökade förvaltningsresultatet per aktie med över 20 % de senaste tre åren per år och tittar vi längre bak i tiden så har vi haft en liknande utveckling. Så jag tror att det som gör att aktiekurserna har gått ner en del, jag vågar inte uttala mig om de är höga eller låga men jag kan konstatera objektivt att de har gått ner en hel del.

1:04:15It's more flödesrivet. And there we have the absurd situation. For the year we were, as I said, our capital cost 36 million. I think it was 40 points on the margin. But the same thing is going down. The explanation was that the US long-runner has gone up. And then it's the US long-runner more than the rent that we actually pay. And there are a part of the market market that is affecting the market. So if I was investing in it, I would have at least like a look at the capital flows that I do on the market. Yes, but it's not that it's not that big of a huge amount of money to look at. I think that in our segment, there are a lot of so much granularity in the market.

1:05:09So it's clear that if you go up or down, it's very important. Then you have other segment, which is exponents towards Kista. That's what you have on the radar, but it can other people talk more about. Yes, but it's very good. But then we'll have you back to the podcast again. We'll see how it's going. Thank you for coming. Thank you.

1:05:39You can contact us on Facebook, Twitter, Instagram philokillpodden.gmail.com We want to thank our clip. And then we have a disclaimer. I have Octave. Of what we have talked about. Shamoran also named. I have no idea. I have no idea. Have we talked about anything? He is well. He is well and maybe something else. I have a little bit. I have a little bit. And SpaceX sold it. I got it. Yes. But come on, all we talked about here is Phil and Kill Live, our own thoughts, and we're going to see it as a underhållning and inspiration. It's absolutely not a financial aid. Over and out.

1:06:40As Pushing

From the publisher

Dagens ämnen:

0:00 Intro
4:18 Vestum
9:52 Volati
11:23 Honeywell
12:51 Octave
16:09 SpaceX
31:12 Trump, fred, Hormuz m.m
37:20 Guld
39:20 IPO
40:25 Anthropic
45:16 Index
48:14 Veckans Fill or Kill
49:30 Intervju med Erik Ranje vd för Stendörren! www.stendorren.se 

 

Tack RoboMarkets! https://open.spotify.com/show/7nqoFzFNOZHoQDUnrwKf4L 
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