UK markets open in 7 hours 38 minutes

AB Volvo (publ) (VLVLY)

Other OTC - Other OTC Delayed price. Currency in USD
Add to watchlist
21.83+0.29 (+1.33%)
At close: 03:57PM EST
Sign in to post a message.
  • J
    JAMES
    Dividend increase of some 264% since 2017 Impressive! Revisiting this stock while in anticipation of upcoming (geely/)volvo auto ipo . While those are great plays for growth*, one can't ignore this juggernaut of heavy transporters. Imagine the growth opportunities in the field of green bus devolvement alone.

    Low volume and liquidly may be an issue for some traders but stock looks sound to hold for investors.

    *want growth pic?...

    POLESTAR
  • L
    Leon Battista
    "Sweden’s Volvo Group orders and deliveries for heavy-duty trucks in North America rose in Q3, but shortages of microchips and other components caused about two weeks of downtime and will continue to hold down and likely interrupt production for the near future.

    “We have been restrictive with our order slotting due to our already large order books and long delivery times,” Volvo AB President and CEO Martin Lundstedt said. Backlogs of unbuilt equipment reach into the second half of 2022 for trucks and some other segments.

    Finishing incomplete vehicles as microchips and other missing components become available is part of running the business now, Volvo Group Chief Financial Officer Jan Ytterberg said."
    Strong demand but materials/components shortage is not a crisis, but a problem which will be solved and sales will be boosted.
    Volvo's news are also great news for Core Molding, ticker CMT. CMT's major customer is Volvo and other three companies only. CMT, an overlooked company, has turned to profits but it still trades near its lows...
  • D
    Dennis
    Volvo Cars sets fixed listing price at SEK 53 per share and amends offering size

    MON, OCT 25, 2021 08:20 CET

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION IN VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
    Press release 25 October 2021
    Volvo Cars today announces the decision to amend the terms of its planned IPO on Nasdaq Stockholm. The update below follows the publication of Volvo Cars’ prospectus on 18 October 2021 and the announcement of Geely Sweden’s share conversion request on 22 October 2021.

    The Board of Directors of Volvo Cars has today resolved to set a fixed price of SEK 53 per share (within the previously communicated price range) and to reduce the size of the new issue of common shares of class B in the offering to raise gross proceeds of approximately SEK 20 billion. In addition, the main owner, Geely Sweden Holdings AB, has resolved not to exercise the upsize option.

    The amended offering will result in a free float of 16.0 per cent to 17.9 per cent (depending on exercise of the overallotment option), and will raise sufficient proceeds to fund Volvo Cars’ fastest transformer strategy and achieve its mid-decade ambitions.

    Volvo Cars has received strong additional support from an anchor group of large institutional investors including Första AP-fonden (AP1), Tredje AP-fonden (AP3) and Fjärde AP-fonden (AP4) as well as Alecta Pensionsförsäkring, Ömsesidigt, Folksam and AMF (AMF has increased its investment in addition to its cornerstone commitment), with indications of investments totalling approximately SEK 7.7 billion. This anchor investor support together with the previously announced cornerstone commitments of SEK 6.4 billion amounts to approximately SEK 14.1 billion, corresponding to approximately 71 per cent of the gross proceeds from the new issue of common shares of class B.

    In addition, there has been overwhelming interest from Swedish and Nordic retail investors with over 90,000 subscriptions to date.

    A prospectus supplement is being prepared and is, subject to approval by the Swedish Financial Supervisory Authority, expected to be published later today.

    The application period for retail and institutional investors will be extended with one day. Investors who have already applied to acquire shares in the offering will be entitled to withdraw their applications up to and including 28 October 2021. See timetable below.

    The first day of trading on Nasdaq Stockholm is expected on 29 October 2021, one day later than previously indicated, to accommodate the extended application period and withdrawal rights.
  • M
    Mud
    We share the same air.
    Run the same, "Maze"; "We are one."
    Brake, "The chain"; let freedom reign!
    Or you will choose to explain why?
    "My lucifer is Lonley"
  • F
    Francis
    This is Volvo trucks. Idk why 80 percent of comments are about Geely or EVs. People would be much better investors if they spent five minutes researching the company beyond the name of the company. At least get the ticker correct. This company has the best automatic transmissions in their trucks and will benefit from the declining group of drivers who are skilled enough to drive manual.
  • T
    T
    I'm surprised at the EV-bashing that is still going on. I jumped into EV ownership with a Bolt, and can't believe how many people are afraid to make the transition. Look at the average use for your vehicle; many discover even 2020 EV's supply all that's called for on a daily basis. That said, I wonder why Volvo is coming so late to the EV market.
  • R
    Rikard
    I have owned and followed Volvo since february this year. The recommendations for the share are between 230-300 SEK. Order books are full and Volvo trucks and their subsidiaries are recruiting at almost all manufacturing sites. This company is moving on like a freight train. Look it up at https://www.volvogroup.com/en/investors.html. Still, the share is dropping. Why? No idea. But this is definitely a Strong buy if you are in long term. And NO! This company is NOT Volvo Cars (Geely).
  • N
    Nomad Boy
    who is watching this....
  • M
    MicahAnglo
    enterprise rental car buying polestar electric vehicles.
  • C
    Cloggervic
    Nice upgrade from Carnegie. They value volvo at 220-294 sek with a near term target of 205. They predict no dividend in 2020 but a 9% yield going forward on current price of 172 sek.
    I bought in the COVID dip and have nice appreciation. Was thinking of selling but now planning to hold.
  • T
    Tiger
    They will take a break for manufacturing volvo trucks. Shares prices shoud bearish now!
  • V
    Vincent
    Hahaha, it's in my portfolio by accident. Thought it was Volvo Car Group, owned by Zhejiang Geely Holding Group Co., Ltd. Also don't mistake this for Geely Automobile Holdings Ltd...
  • b
    b
    annual ex div on 4/5...how much will div be? marketbeat said 1,47 but that sounds high..then I saw .72! does anyone know true amount of upcoming dividend?
  • G
    GradyLife
    Is the SEK 9.50 US 1.10 per share a special dividend or the normal quarterly dividend?
  • S
    Sailawa
    just wait till Volvo introduces electric boat propulsion.
  • S
    Smallplanet SA
    Could be interesting with Tesla on the ropes. Take a look at forthcoming EV line up.
  • M
    Meier
    GÖTEBORG, Sweden , Dec. 20, 2019 /PRNewswire/ -- Nils Jaeger , currently President Region EMEA, Volvo Financial Services, has been appointed President of the new Volvo Group business area Volvo Autonomous Solutions. He will report to the Volvo Group President and CEO Martin Lundst... In case you are interested https://marketwirenews.com/news-releases/nils-jaeger-appointed-president-volvo-autonomous-sol-8928756042476666.html?i=y
    GÖTEBORG, Sweden , Dec. 20, 2019 /PRNewswire/ -- Nils Jaeger , currently President Region EMEA, Volvo Financial Services, has been appointed.
    GÖTEBORG, Sweden , Dec. 20, 2019 /PRNewswire/ -- Nils Jaeger , currently President Region EMEA, Volvo Financial Services, has been appointed.
    marketwirenews.com
  • M
    Mac
    What’s their last dividend per share?
  • r
    rodney
    Top notch Appearance and Quality....VLVLY... Expect the same from their EV lines... Other EARLY Revenue growing stocks...
    VSBGF... SEGI...XALL...IQST... ALYI... MOBIF... JNSH.... TTCM...PGTK... SMKG...VSQTF... SNWR....UATG...JNSH.
  • M
    Mud
    China bans Tesla for having the same capabilities as Volvo¿
    Tha capabilities Volvo continues to exploit on everyone else who purchased a Volvo¿ Since the c.c.p. acquired Volvo¡!¡
    "Wake Up".
    Ain't the same as woke ☝......