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When Stefan Persson opened the portfolio to buy H & M shares for SEK 7.6 billion in April and May, speculation about the purpose of the purchase was raised. Does Persson want to buy the stock market business? The rumors continued to be drawn when Stefan Persson chose to sell at the end of May shares in the Hexagon measuring technology company, worth just over 2 billion Swedish kronor. At the opening of the brand new Afound store, Stefan Persson denied the rumors of the Breakit information site. After last week's report, purchases continued. Between June 28 and July 2, 8.1 million shares were purchased for just over 1 billion Swedish crowns through the Ramsbury Invest family investment company, according to Holding Holdings. You were the first to point that out. The share was bought for 133 and 135 crowns respectively.
Johanna Kull, Economist of Savings at Avanza, is not surprised to buy a growing share of the company.
– It is not unexpected that he did it all through the spring, she said.
When H & M presented its latest report last week, the focus was on the growing stock. The weakness of the sale of the clothing chain for a long time has resulted in large amounts of unsold clothing that cost money to store. Inventory accounted for 18 percent of sales during the period. In addition, the clothing chain has had problems with deliveries as a result of a new logistics system. Following the message, several analysts have chosen to lower the course of action, according to Di. Initially, the stock price fell after the release of the report Thursday, but quickly recovered.
After the recent acquisition of Persson's interest in H & M amounts to 45.42% of the capital and 73.47% of the company. Johanna Kull does not see the purchase of recent days as a new signal that the family wants to run the company outside the stock market.
– This is not a sign that the Persson family will buy the stock market business. There is still a long way to go. And why would he buy the company through the stock market? said Johanna Kull.
See also: Economists worry about the search for action
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