News
Portfolio Update | 10/01-2023
Following our pitch-event held at the end of 2022, the investment committee has convened and voted for the following changes in the SSIF-Fund. We will invest: Ericsson (25 TSEK), Axfood (10 TSEK) and Tritax Big Box (10 TSEK). We will divest: Sedana Medical, 333 shares (entire position)
We again want to thank our great analysts for their interesting and informative pitches that support these changes, as well as thank our sponsors ABG, Redeye and SEB for being present and giving valuable advise and feedback. Sorry for the late message!
First Pitch-Event of the Season 2022/2023 | 25/11-2022
That’s a wrap! This Monday and Tuesday the first pitching event for the 2022/23 SSIF-year was held. There, our sector’s analysts pitched their company-recommendations in the Aula at Stockholm School of Economics in front of the funds executive committee and investment committee, the sector-heads, the analysts and our company representatives from our sponsor firms. A big hats-off to our analysts for great and valuable pitches, and as well as to our sponsors SEB, ABG Sundal Collier and Redeye for attending and giving feedback and interesting questions to the pitchers. Until next time!
New Analysts & Sector-heads for 2022/2023 | 12/10-2022
And we’re off! Applications are since a few days back closed and the board has appointed the new analysts and sector-heads for the 2022/2023 period. Our team totals around 140 SSIF-members, spanning from analysts, sector-heads to the executive-committee and the presidium. 3 days ago, Oct. 9th, an intro for the newly appointed sector-heads was held discussing the plan for the year, investment strategy and other interesting things, and a kick-off for the entire organization including analysts will be held later this week, week 41, to start the year of with a bang!
Apply now for Analysts and Sector Heads | 26/9-2022
Want to get real-life experience within the exciting world of finance? Then apply for Analyst or Sector Head via the following google-forms link: https://forms.gle/xHLPsnfN28QtNB537
As a Sector Head, you will oversee and help a group of analysts to curate pitches for the pitching events. You will both teach analysts and make sure they have access to our educational resources. You will also sit on the investment committee, voting on the investment decisions. We expect you to help improve our investment strategy and capital allocation and provide meaningful insights into the macroeconomic developments in your sector. For the role, you should understand basic financial valuation and be willing to teach the analysts. Applicants for the Sector Head position will be interviewed.
As an Analyst, you will work in groups of 6-10, where they put together the pitch decks for pitching events with the help of their sector head(s). This includes conducting fundamental research on public companies and using traditional valuation methods such as DCFs and comparables. The role of an analyst can vary depending on the pitch, however, in essence, an analyst is supposed to "learn by doing". For this role, you should be keen to learn and contribute to the team. No previous financial knowledge is required.
Applications close on Friday, 30th September
A great start to the new SSIF-year! | 3/12-2021
The schedule has been hectic with a number of events the last couple of weeks. Yesterday, we concluded the first pitching event of the semester. Great job, analysts! Here comes a summary on some of the things the fund has been up to since the start of the new SSIF-year:
-SSIF exclusive event at our sponsor RedEye
-Kick-off with the whole SSIF-team topped off with an introductory lecture from the Chairman of Unga Aktiesparare, Alexander Gustafsson. Thanks Alexander for a great presentation!
-The first pitching event of the year. Thank you to our sponsors Nordea, RedEye, ABG Sundal Collier and SEB for the useful feedback on the pitches!
Wednesday | 12/5 - 2021
We are happy to announce that one of our main sponsors: RedEye are currently looking for someone to join their team as a Junior Analyst at Redeye’s Corporate Finance division. If you are finished with your studies after this semester, make sure to apply! And to clarify, this is not a trainee position but probationary employment.
Apply at Redeye.se
Tuesday | 4/5 - 2021
Thank you for all the fantastic pitches! The recording for the second day can be found below:
Mercell - 08:09
Sinch - 23:38
Cellink - 38:30
Biomarin - 57:00
Pexip Holdings - 1:14:17
Paradox Interactive - 1:28:55
//The Executive Committee
Thursday | 29/4 - 2021
Thank you for all the fantastic pitches! The recording for the first day can be found below :
Element Solutions - 03:34
Northland Power - 25:25
T Rowe Price Group - 44:55
Paypal - 1:03:15
AroundTown - 1:22:21
Publity - 1:47:45
AQ Group - 2:05:50
Infrea - 2:26:41
//The Executive Committee
Friday | 5/3 - 2021
Both of the pitching event are now done, thank you for the great work! We would also like to say a huge thank you to Richard Goldman from Redeye for all the great comments and insights,.
Thank you, Richard!
If you were unable to attend both the events, the recording can be found below:
We are alsop happy to announce that we will be buying 225 000 sek worth of shares. It should be noted that some of the purchases were decided upon last investment meeting, but due to the fact that we are in the process of moving the funds holdings from Nordea to Nordnet, the transactions are yet to go through. The decisions were:
25 000 kr in Klövern
25 000 kr in Visa
50 000 kr in S&P Global
25 000 kr in Nasdaq
25 000 kr in Örsted
50 000 kr in Inwido
25 000 kr in Teqnion
We also voted to sell:
Our full holding in SGL Carbon
Our full holding in RTX
Thursday | 25/2 - 2021
Thank you for another great pitching event!
The recording of the event is live:
Thursday | 18/2 - 2021
We would like to say a huge thank you to Albin Kjellberg for a fantastic presentation!
If you were unfortunate enough to miss it you will find a recording of the full event below:
Wednesday | 10/2 - 2021
If you were unfortunate enough to miss the presentation from one of our sector heads Patrik Nilsson on how to get an internship within finance, you will find it here:
Thank you Patrik for the insight and the great presentation!
Monday | 8/2 - 2021
We are happy to announce that our sponsor ABG Sundal Collier is offering two internships during the fall of 2021! Make sure to apply before the 7th of March 2021.
Sunday | 17/1 - 2021
Hello everyone!
The executive committee decided on two new investments after the last pitching event, 50k sek into Inwido and 25k sek into Örsted. If you could not attend the event or if you want a quick refresh, the full event is posted here, together with a brief explanation of why we did not invest in the other companies. Also, if you visit the website, the calendar is updated with new events from our partner Redeye during the spring. Hopefully, you will find some that seem interesting!
We are looking forward to this semester, where we will try to make this an even better community and fund.
//The executive committee
Intro - 00:00 - 13:50
Örsted - 13:50 - 36:05
Decision: Invested 25k sek
ESR Cayman - 36:05 - 56:55
Decision: The fund can not currently reach the Hong Kong Stock Exchange. This makes investment impossible.
Morgan Stanley - 56:55 - 1:16:47
Decision: The bank is fairly valued according to peer analysis. We currently see limited upside in the company, thus no investment made.
Tomra - 1:16:47 - 1:36:45
Decision: Optimistic assumption both on EBIT-margin increase and future EV/EBIT multiple. Adjusting for this we saw a very small upside, no investment made.
Nel - 1:36:45 - 1:57:00
Decision: Even with very optimistic growth estimates, the upside is not enough to balance the high risk involved in the investment.
Entra - 1:57:00 - 2:16:35
Decision: Unjustifiable stock price as the upside is limited due to the bidding war. No investment made.
Mycronic - 2:16:35 -2:36:45
Decision: Analysis resulted in a neutral recommendation. Since the analysis, the stock price has risen even further. No investment made.
Novo Nordisk - 2:36:45 - 2:57:57
Decision: The future is already priced in, the terminal growth rate used in the model might be optimistic. Therefore, no investment was made.
Inwido - 2:57:57 - 3:17:27
Decision: Investing 50k sek.
Experian - 3:17:27 - 3:37:57
Decision: No investment made
Vertex Pharmaceuticals - 3:37:57 - 3:57:50
Decision: Too speculative, alongside extremely generous estimates. The estimate of a highly increased market share for both drugs alongside decreased costs seems unjustifiable. No investment made.
Ferronordic - 3:57:50 - 4:16:51
Decision: The dependency on Russia as a market disqualifies it due to the fund’s statues of not investing in companies with questionable governance. No investment made.
Hexagon - 4:16:51 - 4:36:58
Decision: Analysis resulted in a neutral recommendation. Since the analysis, the stock price has risen even further. No investment made.
Ålandsbanken - 4:36:58 - 4:56:10
Decision: Case neutral based on the removal of Arion Bank. Limited upside potential, thus no investment was made.
Kopparberg - 4:56:10 - 5:19:38
Decision: Fund statutes state we can not invest in companies in the alcoholic beverage industry, as previously discussed. Therefore, no investment was made.
Tuesday | 1/12 - 2020
We are happy to announce that Nordea is recruiting women from SSE and SSIF into their Women's Finance Insight Programme 2021. This will be an incredible opportunity to get an introduction to investment banking and equities together with our sponsor Nordea. Read more about it here. For further questions, feel free to contact our president Rebecca on either Facebook or via mail. Best of luck!
Monday | 16/11 - 2020
The executive committee and the sector heads had our first investment meeting of the year where we voted on whether to increase, hold, or decrease any of our current holdings. First, we decided to sell off all of our holdings in German material producer SGL Carbon since we do not believe that they have the possibility nor the interest to grow substantially in the next couple of years. Second, we decided to decrease our holdings in the Swedish bank Nordea by 30k sek, from approximately 90k sek to approximately 60k sek. Lastly, we decided to increase our investment in US financial services corporation VISA by 50k sek, to approximately 80k sek from the initial 30k sek investment. We motivated the decision by both the excellent management in the previous years, as well as our beliefs in the world moving towards a cashless future.
