Alfredsson: Precise must take responsibility to the stock market – Private Businesses

The fingerprint companies continue to be some of the most interesting on the stock market and Precise Biometrics has during the past year experienced something like a perfect storm. From the peak rates of SEK 8 last year plummeted shares in stages down to a low of around $ 2.

But the news about new applications for the company’s software and especially the news of a partnership with major Qualcomm summer has lifted shares significantly – the rise was most nearly 70 percent in a few weeks.

the course is primarily driven by retail investors and they have hoped for a continuation of the first quarter report as CEO Håkan Persson was able to report on profits and strong growth .

It is natural that the market speculated further growth and increasing profits, but that was not the case. Sales fell in the second quarter compared with the first and the profit was also less.

The price reaction would be very negative on these numbers need not be an Einstein to have to realize – why should Precise have gone out earlier and ” vinstvarnat “. At that time the speculative rise has not been as strong and many small investors have not been “duped” to hang on.

And the disclosure deficiencies also in the future. With the current profits of the few pennies per share, you can not expect fundamental Precise but there is still a hope companies. And then it is important to give the market as much guidance as possible for the immediate future.

But Håkan Persson would not give a forecast for the third quarter despite the fact that more than half of the period gone by. Thus he fosters speculation in shares and it is not respectful to the small savers who need better information to make informed investment decisions.

And it’s really a shame because Precise Biometrics demonstrated this year that it is an important player – albeit small – in the growing biometrics industry and the company’s technology attracts major players to collaborations.

at noon on Tuesday, the stock has fallen nearly 20 percent, and it is still a sky-high valuation. Buying Precise Biometrics at these levels is quite high risk – while there are many enthusiasts around the company who would buy the larger dips and therefore can mitigate a further major cases.