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Telefonaktiebolaget LM Ericsson (publ) (0O86.L)

LSE - LSE Delayed price. Currency in SEK
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69.80-2.90 (-3.99%)
At close: 04:23PM BST

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  • a
    aldo
    Ericssons world of hurt was totally self inflicted at every step of the way. Never forget that.
  • F
    Frank
    Wow! This is getting to be a habit, making new 52 week lows almost on a daily basis.
    It takes a very brave soul to stay long on this crooked stock. It's only a matter of time until the price of Eric will be below Nokia.
  • A
    Ahmed
    "The exemptions were granted because the products are not intended for military use, the authority writes in a press release."
  • a
    aldo
    Hi Ericsson, just checking in to see if today was the day you come clean and admit to you evil doings or if it’s just another day of well deserved 52 week lows. I can see it’s the latter…
  • F
    Frank
    Wow! A new 52 week low. I guess there will be many more to follow, Ericsson shareholders will probably be seeing those on a regular basis going forward. Glad I changed to all Nokia at $12.75.
  • A
    Abu
    Credit Suisse becomes highly pessimistic on Ericsson, lowers target price by almost 39% to underperform. https://www.reddit.com/r/Nok/comments/xeqgbd/credit_suisse_raises_nokia_recommendation_lowers/

    Maybe somebody has access to the reasons for such a radical change, is there something else than the SEC fine? BTW while Ericsson is lowered to underperform, Nokia is raised to outperform.
  • A
    Ahmed
    Not true. The software and technical support are not intended for military use, that's an up right lie from you. Ericsson's customers in Russia are not military, even though their products could be used for military purposes. They have applied for permission and been granted to sell. The only legal problem Ericsson could get from this Russia situation is that they communicated the opposite which could result in the Swedish EBM starting an investigation, and it's also quite a bummer as a stock owner to see that the company have big problems with their communication with investors.
  • a
    aldo
    Just think what happens when one of Ericssons largest institutional shareholders finally gets disgusted enough to sell out of this en masse. There is no end insight for Ericsson troubles and there is no catalyst for the upside. There are, however, many catalysts to the downside. Is there one human who thinks if they sell Ericsson today that you won’t be able to buy it back,I have cheaper in the future? Anyone? Ahmed? Alfred? That dope named Eric? Rick the weasel to afraid to post here but stinks up the Nokia board?
  • a
    aldo
    Hi Ericsson, how about a NEWS DIRECT propaganda piece that is actual news. I’ll give you a few ideas. How about a release that you are considering suspending your dividend to preserve cash or that you may consider a shelf offering of stock for ummmmm corporate purposes. Or how about updating everyone on your various pile of lawsuits, investigations, and how the company plans to deal with them. Sorry, stonewalling is not a strategy. It didn’t work for Nixon and it surely will not work for you Ericsson. How bout it fellas, how about some real news about the very real, very ominous dark clouds hanging over you? Or just tell us more about inclusion and thought diversity, and virtue signal distractions. Perhaps a power plant that runs on all the hot air and gas that comes out of Ericsson as a collective hole anytime anyone seeks real answers or information.

    You better pray Nokia’s comeback continues as the only thing that can help you is claiming you are in some of the same businesses as they are………..
  • A
    Ahmed
    The board is bound to be nervous after this silly mistake creating these awful headlines implying that Ericsson has been selling military equipment without permission to beligerent Russia. I expect to see Christer Gardell whipping up the manegment on monday, and we also have a breifing on Vonage then. Amazing to have a strong activist owner in situations like these. https://www.dagensps.se/privatekonomi/gardell-jag-ar-sveriges-gordon-gekko/
    Riskkapitalisten Christer Gardell förvånade hela svenska finanseliten på sitt 50-årskalas i Saltsjöbaden i helgen som gick.
    Riskkapitalisten Christer Gardell förvånade hela svenska finanseliten på sitt 50-årskalas i Saltsjöbaden i helgen som gick.
    www.dagensps.se
  • a
    aldo
    Ericsson= Eric sham Eric scam Eric shame Eric lame Eric pain Eric blame Eric mansplain
    Yup, that about says it all. Stay classy Ericsson, stay classy.
  • a
    aldo
    From now on bowel movements should be referred to as taking an Ericsson. A little humor on this fine and lovely almost fall day. Your welcome.
  • T
    Turf
    Ericsson Says No Hardware Exported to Russia, Only Software Support

    By Reuters

    By Supantha Mukherjee
    STOCKHOLM (Reuters)

    -Ericsson said on Friday it is only providing software and technical support to Russian clients and has not sold any telecommunications equipment to mobile operators there since the Ukraine war started, after Swedish media reported the company had continued its exports.
    Shares of the company fell 4% in morning trading.

    Ericsson suspended its business in Russia in April and said in August that it would exit the country in the coming months. It recorded a charge of 900 million Swedish crowns ($81 million) and made 400 employees redundant in the country as it winds down operations.

    "Compliant with the sanctions we provide the software and technical assistance for those products that we have shipped prior to the invasion making it possible to withdraw while fulfilling contractual obligations," a spokesperson said.

    "When the sanctions were announced we stopped shipments to customers in Russia," he said.
    Rival Nokia, which has also announced plans to exit Russia before the end of the year, had said it does limited maintenance of critical networks to fulfill its contractual and humanitarian obligations.

    Sveriges Radio Ekot reported that Ericsson had applied for 12 permits for exemptions from sanctions from Sweden's Inspectorate of Strategic Products and was granted seven.

    The sanctions list by the Swedish authority include software and technology linked to telecommunications.

    The media outlet also said the products which Ericsson received permission to export to Russia could be used for the military.

    Ericsson said its products are designed for civilian use, not military.

    The Swedish authority issued a statement saying exemptions were related to civilian use and civilian end-users.

    Two analysts said the Russia report is not going to look good for Ericsson which faced a scandal in February about payments to the Islamic State militant group in Iraq, triggering investigations by different U.S. agencies and eroding more than a third of its market value.

    "Ericsson hasn't breached any sanctions as it has obtained approval ... but it still stands in pretty clear contrast to the statement in their Q2-report where they announce suspension of 'all deliveries to customers in Russia'," said Jyske Bank analyst Anders Haulund Vollesen.

    "Even though mobile telephony is for civil use an export licence is required mainly because of the advanced encryption technology that is embedded in our products, and this is to applicable for all countries," the Ericsson spokesperson said.
  • A
    Ahmed
    I'm sure with the cashflow Ericsson generates the company is easily going to be able to pay a potential future fine. It's impossible to quantify it, and why would you put cash aside for something that cannot be quantified? Ericsson is traded at a 50% discount if you compare the average valuation (ev/ebit) for the last five years, it's usually been valued at 9-8 but after Iraq 5-4. A fine would be a one-time cost and won't affect rolling earnings, not to mention Ericsson is performing exceptionally great operationally speaking. Aldo, you seem to be thinking otherwise, so please explain your maths.
  • J
    Juksu
    ERIC crashing today after it was revealed they have been selling military applications to Russia. Just when they were hoping people would forget about ERIC financing ISIS. Dirty money, ERIC
  • j
    jeremy
    So much more to go if Nok keeps dropping...they got to flip!
  • a
    aldo
    You want to know when it gets really interesting? It will be when what I have been predicting will be a cash crunch as some of the lawsuits, fines, legal costs, management oversight costs come home to roost especially with the 6.2 billion wasted on junk Vonage.
    What will happen when these mutts have to sell stock to raise money? Or will they hope to find lenders willing to roll the dice with them at some nice juicy high interest rate.
    That will really be interesting if it comes to pass and it couldn’t happen to a dirtier pig sty of a rotten company with a rotten corporate culture in my opinion.
  • a
    aldo
    Dont fear Ericsson lovers, the institutional shareholders who are already in this bottomless mud pit so deep already they are forced to do whatever they can to try to support the shareprice including buying lots of shares they don’t want at prices they really don’t want to pay. They tired to defend 8.50 a way back then 7.50 recently and when that fell apart they made 6.75 the new ALAMO. I just keep watching and awaiting to see if one of the big owners like Cervian decides they have had enough of Ericssons filth and pulls the trigger to sell and end the suffering. It will only take one of the big institutions that own this train wreck to start a cascade of selling that really craters this thing.
    Y
  • T
    Turf
    Ericsson dropped like a rock today, now below $7 - haven’t seen any news about the pending fine by the SEC or DOJ, or the lawsuits by investors, or the lawsuit by the victims of terrorists, so not sure why the slide was so dramatic
  • a
    aldo
    Oh, one other thing Ericsson lovers you defenders of the the dirty. Do you think Ericsson will suspend their dividend? I do. Why, you ask? Because it would probably not be acting in the best interest of the company owners the shareholders to keep paying out their limited cash when they should be trying to conserve it to pay what is likely coming down the pike in fines and lawsuits. Its called a Fiduciary duty of management to act in the best interest of their shareholders and if paying a continued dividend is determined to potentially put the companies fiscal position at risk they have a duty to stop paying it in the name of preserving capital. So, any of you financial geniuses out there thinking you are about to cash in on buying a higher dividend paying stock make sure you consider what I am saying very carefully as you may well walk right into a dividend and yield trap that you could have avoided. Without a dividend, what is Ericsson worth? Less than today for sure since Ericsson with a dividend is still worth less than todays price. Food for thought.