Lind Research #11

Idea notes on ASMDEEB, SECARE, CTT, and THULE + highlights insider activity in TRNSF.

Author

Kristoffer Lindström
July 07, 2025

Welcome to Lind Research. I hope you are enjoying the summer!

This week, we present Idea notes on ASMDEEB, SECARE, CTT, and THULE + highlights insider activity in TRNSF.

Idea notes

This is the Idea note section; It’s a collection of early signals – companies mentioned in fund letters, blogs, or by sharp investors online. Not a full pitch, just a starting point for ideas that might be worth a more in-depth look.

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Market-Leading Tabletop Gaming Giant Positioned for Accelerated Growth Post-Spinoff

Ticker: ASMDEEB | Timeframe: 18-24 months | 📈 Bullish

D&G Small Cap believes Asmodee presents a compelling growth opportunity as the newly independent market leader in tabletop gaming. The fund managers see the company’s impressive historical growth of 20% CAGR since 2015 as sustainable through both organic expansion and strategic acquisitions. They expect continued...

Read the complete Idea note here.

Fallen Darling in the Growing Pet Care Market

Ticker: SECARE | Timeframe: 18-24 months | 🔁 Turnaround

Alcur believes Swedencare presents a strong turnaround opportunity in the growing pet care market. The fund manager sees the company as a “former darling” that has fallen sharply from grace, offering an attractive entry point after the stock dropped by half over three years. Holm highlights the positive…

Read the complete Idea note here.

Poised for Strong Recovery as Boeing/Airbus Ramp Production

Ticker: CTT | Timeframe: 12-18 months | 🔁 Recovery

Exelity believes CTT Systems is set for a strong recovery as inventory levels normalize and aircraft production speeds up. The company has faced a tough period with distributor inventory buildup, but recent data shows Boeing and Airbus are increasing their production rates, which should…

Read the complete Idea note here.

Turnaround Play: Quality Company at Temporary Discount

Ticker: THULE | Timeframe: 18-36 months | 🔁 Turnaround

Origo believes Thule’s weak Q1 results and subsequent stock decline have created an “interesting buying opportunity” despite short-term headwinds. The fund managers view the 28% decline from recent highs as excessive given Thule’s demonstrated ability to innovate and expand regardless of market conditions. Origo sees…

Read the complete Idea note here.

Insider activity

Here, we seek out standout transactions from company insiders that may indicate a need for closer examination of the company.

Transfer (TRNSF) Group CEO Mats Holmberg Buys Over 650,000 Shares Following Leadership Return

Mats Holmberg, newly reinstated CEO of Transfer Group, has significantly increased his stake in the company with a series of insider purchases between June 16 and 19.

Holmberg acquired 340,000 shares at an average price of SEK 0.17, followed by 210,000 shares at SEK 0.20, and another 101,000 shares at SEK 0.21. The total investment amounts to roughly SEK 120,600, according to the Swedish Financial Supervisory Authority.

The buying spree comes directly after Holmberg’s return as CEO amid a resolved ownership dispute. He is already the largest shareholder in Transfer, now holding 82.3 million shares, equivalent to 26.4% of the company.

Disclaimer - Not Investment Advice

The content on Lind Research is for informational purposes only and should not be considered as investment advice financial advice. One should always consult a qualified professional before making any investment decisions. Investments carry risks, including the potential loss of capital. Lind Research and its authors bear no liability for decisions made based on the information provided here. All views are personal and not reflective of any company mentioned. Lind Research, it’s affilaites, personnel, clients and/or partners might hold investments in securites discussed.

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