Summary of Teqnions Q3 diskussion 2022 Q&A

00:00:00 - 00:45:00

Teqnions is a highly diversified company with a focus on technology. They have weathered the current recession relatively well, but have seen decreased cash flow and margins in recent years. The company is working to improve these areas and is confident in its future.

• 00:00:00 The CEO of Technion discusses the company's strengths and weaknesses in the current economy. They note that Technion is a highly diversified company with a strong focus on technology, which has helped them weather the current recession relatively unscathed.
• 00:05:00 The company is confident in the long term, but has seen decreases in cash flow and margins over the past few years. They are working to improve these areas and are confident in their future.
• 00:10:00 The company discusses its recent acquisitions and the reasons for them, and goes on to discuss the process of finding a new CFO. They also answer a question about increasing the warrant program and offsetting dilution with free cash flow.
• 00:15:00 The video discussed how Teqnions tries to add value to its acquired companies by having regular board meetings and focusing on supplying a product that is competitive with those of its customers. It also mentioned that, even though the companies acquired by Teqnions look very different on the outside, they share some common characteristics that allow for them to be related businesses.
• 00:20:00 The companies in the Teqnions group discuss the importance of being one step ahead of competition, the key man risk, and how to protect the businesses against a key person leaving. Bell Coach Works is mentioned as an example of a company that has a robust offering across different niches.
• 00:25:00 Alexander Nicholson discusses Disturbed's recent acquisitions, noting that while some owners have left the company, the majority of managers and shareholders remain. The company also pays its CEOs and CFOs a yearly share of their increased earnings, and has a dividend policy in light of its goal of not becoming reliant on dividends in order to maintain shareholder value.
• 00:30:00 Technion discusses its plans for growth, including plans to expand its operations in the US and to increase its investment in research and development. The company also mentions its efforts to scale its management team, noting that it is confident it can double its current staff size within the next five years.
• 00:35:00 Technion discusses its cyclical businesses, stating that while construction may see a decrease in demand, it is still searching for new opportunities to build public houses.
• 00:40:00 Teqnions discusses the current state of the market and their pipeline of potential acquisitions. They emphasize the importance of having a strong financial profile and hygiene factors when evaluating potential acquisitions.
• 00:45:00 The company Teqnions discusses how they try to foster sharing of knowledge and ideas between their members, and how doing so has helped to create close relationships and create a community of like-minded individuals. They also mention that they have regular one-on-one meetings with each of their members.