Nokia shares hit 8 month high

It’s widely known that Nokia has been bleeding money. The advent of the smartphone, competition from Apple, Samsung and HTC, and the exclusive deal with Microsoft and Windows Phone have all contributed to obituary after obituary for the Finnish phone giant. Announcing that they are selling their headquarters won’t help either, no matter the intentions of the sale.

So it’s quite nice to be able to report something good for Nokia on the financial front. Following the deal that would see China Mobile Ltd carrying the Nokia Lumia 920T, Nokia’s stock has hit its highest point for eight months. Oh, did we mention that China Mobile Ltd is the world’s largest mobile phone carrier?


The last time Nokia's shares were this high was in April

At the time of writing, Nokia’s share price is sitting at €2.934, up 5.92% from yesterday’s close of €2.770.

With Nokia shares up as much as 11% on the second day of gains since the announcement, around 23 million shares were traded – that’s more than 2.5 times the three-month daily average.

With Nokia counting on the Lumia range to reverse its fortunes (literally), all it took was for the Lumia 920 to be compatible with China’s homegrown TD-SCDMA technology that powers China Mobile Ltd’s network to help give Nokia a boost before Christmas.

Source: Bloomberg | Image courtesy of Weibo

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17 Comments

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In a typical NeoWin style the facts where Nokia is concerned are grossly misrepresented or important facts are played down.. Lets see;

'It's widely known that Nokia has been bleeding money.'

No, the general comment from uninformed and/or ignorant parties is this. Fact is Nokia as a whole has been making money throughout, but has chosen to invest even more in a future which is now becoming apparent..


'The advent of the smartphone, competition from Apple, Samsung and HTC, and the exclusive deal with Microsoft and Windows Phone have all contributed to obituary after obituary for the Finnish phone giant.'

See above


'Announcing that they are selling their headquarters won't help either, no matter the intentions of the sale.'

It has actually. Only ignorant and clueless parties do not see the importance of this move which in fact is nothing but basic and quite common business practice in this day and age. It is much more efficient and cheaper for a company like Nokia to rent instead of own their HQ.


In general Nokia is a sleeping (or fallen if you must) giant with a HUGE number of assets in the mobile telecom business. They make money off of virtually ANY mobile phone sold and are a MAJOR payer in the mobile phone infrastructure business through the Nokia-Siemens network. their R&D is IMO one of the most innovative around and the Patent portfolio is bulging and worth more than many might imagine. As much as Apple is IMO overvalued right now (although off late they have taken some serious hits) Nokia stock is still way undervalued. In time this will be corrected by the market.

True, previous management has let the ball drop and has caused massive problems which only now, nearly three years later are beginning to get resolved. But the giant is slowly getting up and IMO will be a definite force in the foreseeable future.

As said previously, I'd hold on to Nokia stock if you have it and in fact would get some more now that it's still cheap. If only I had the cash to do the same right now..

The fact that Nokia has sold its HQ is being misinterpreted. Nokia is not-so-slowly moving out of high-tax Europe and into low-tax Asia - where their customers are. Nokia has invested tremendously in South Beijing instead and their latest deal with China Mobile shows they have a commitment to China that Apple could never emulate.

I expect Nokia to completely abandon Europe and become a Chinese/Asian company by 2015.

they need to keep the momentum going. they can't wait 12 months until the next flagship. the next lumia flagship needs to arrive in spring to match and exceed the GS4.

neonspark said,
they need to keep the momentum going. they can't wait 12 months until the next flagship. the next lumia flagship needs to arrive in spring to match and exceed the GS4.

There's little point in releasing new hardware without new software. The Lumia 920 is snappy enough the S4 it already has, I doubt anyone would notice an improvement if it had an S4 Pro. Flagship models work better when there's only one per year.

dagamer34 said,

There's little point in releasing new hardware without new software. The Lumia 920 is snappy enough the S4 it already has, I doubt anyone would notice an improvement if it had an S4 Pro. Flagship models work better when there's only one per year.

A 922 on Verizon would be nice though.

Even at it's current price I think you could buy it and make good money later on. I see no reason why it won't keep going up specially if they come out and post good unit sales and another cut in their loses showing that the company is on the right path.

My 920 is an awesome phone I think they really got a hit on their hands with this one. Glad to see them turn it around a bit.

Considering that the stock is going to continue going up for a quite some time? Now is not the time to sell.

Especially if you invested a decent amount.

I'd at least wait until it hits $10 before selling off if I bought a good chunk of stock...and that's at least.

Shane Nokes said,
Considering that the stock is going to continue going up for a quite some time? Now is not the time to sell.

Especially if you invested a decent amount.

I'd at least wait until it hits $10 before selling off if I bought a good chunk of stock...and that's at least.

You're actually right. It seems it only keeps on the upwards trend so I'll hang on to mine as well for a while.

alwaysonacoffebreak said,

You're actually right. It seems it only keeps on the upwards trend so I'll hang on to mine as well for a while.

This contract, and the news that WP devices are selling 4 times faster than before is going to have a positive effect on Nokia stock since a lot of that upturn is due to Nokia.

I think if you hold onto it for at least another 3-6 months you'll be surprised just how good things get.

alwaysonacoffebreak said,

You're actually right. It seems it only keeps on the upwards trend so I'll hang on to mine as well for a while.

Taking a look at the graph on this page, I can say that the trend is going to be upwards for the next few months. I think you can look for a €5 selling point in about 4 months (unless some event happens that changes the trend).

ur taking a look at the graph ... oh i see... how I love chart analysis. lol. bunch of crap. if there was any theory working in reality then that someone would be "indefinite" rich.

guys, stock prices are random walks. noone has a clue. those who win brag about it and tell stories of theories that work. those who lose usually shut their mouth.

and those who bought at the bottom - sometimes its the best idea to get out with a decent win. greed is not your friend in stocks.

sviola said,

Taking a look at the graph on this page, I can say that the trend is going to be upwards for the next few months. I think you can look for a €5 selling point in about 4 months (unless some event happens that changes the trend).

Well time to sell. Bought a ton when they were at 1.85, also an "HaHa" is in order to my friends who told me that I will lose all my money on it.

alwaysonacoffebreak said,
Well time to sell. Bought a ton when they were at 1.85, also an "HaHa" is in order to my friends who told me that I will lose all my money on it.

Investing can be an extremely stressful experience, but those of us who bought-in at the bottom, we can afford to smile. Still the actions of the market can be baffling, even to the experienced. NOK is extremely risky, but the rewards could be astronomical considering that low base. Use caution and know your limits.

alwaysonacoffebreak said,
also an "HaHa" is in order to my friends who told me that I will lose all my money on it.

Never a good idea especially when dealing with stocks. And even more so while you still have them. Remember that Nokia fell in August from 2,8 to 1,8 within a week. Yeah, looks better now and facts are in their favor but the volatility is extremely high and will remain so for a good while, I mean look at the jumps and swings they did just yesterday intraday.

dr_crabman said,

Never a good idea especially when dealing with stocks. And even more so while you still have them. Remember that Nokia fell in August from 2,8 to 1,8 within a week. Yeah, looks better now and facts are in their favor but the volatility is extremely high and will remain so for a good while, I mean look at the jumps and swings they did just yesterday intraday.

I bought in several times since I got my Lumia. Averaged out around $2.50. I have a lot of faith in the company so I'm holding on through the ups and downs. I wouldn't have invested otherwise. I don't feel like I'm doing it to "take a chance" because I'm very confident in their products. I felt the same way about Apple 10 years ago.