Nokia Will Announce a Renewed Strategy At Its Capital Markets Day

36
20
Favorite

Nokia Will Announce a Renewed Strategy At Its Capital Markets Day

InvestorPlace2021-03-15

Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（20）

moonlightbae
·2021-03-15
i love this i own NOK
Reply
3
Report
ICEsh00ter
·2021-03-15
up pls
Reply
1
Report
JJQ
·2021-03-15
Will the price go up? ?
Reply
1
Report
Fold Replies
- moonlightbae:
  yes!
  2021-03-15
  Reply
  Report
- JJQ:
  Thanks! I also think it will! ??
  2021-03-15
  Reply
  Report
llDODOll
·2021-03-15
Nice. Comment and like please!
Reply
2
Report
Fold Replies
- Farida:
  Ok
  2021-03-15
  Reply
  Report
- llDODOll:
  Nice. Comment and like please!
  2021-03-15
  Reply
  Report
XxBoxX
·2021-03-15
Buy Nokia?
Reply
2
Report
Fold Replies
- Bluefish:
  No good
  2021-03-15
  Reply
  Report
- Yapyap:
  Okay
  2021-03-15
  Reply
  Report
- CellK:
  Lets buy
  2021-03-15
  Reply
  Report
Nebhol
·2021-03-15
Something new
Reply
Like
Report
Jectter
·2021-03-15
coooopl
Reply
2
Report
kayden
·2021-03-15
cool。
Reply
2
Report
Fold Replies
- Jectter:
  sick
  2021-03-15
  Reply
  Report
- kayden:
  wow
  2021-03-15
  Reply
  Report
Jectter
·2021-03-15
wow
Reply
5
Report
Fold Replies
- kayden:
  wow
  2021-03-15
  Reply
  Report
KK1307
·2021-03-15
Rising?
Reply
3
Report
HenryGoei
·2021-03-15
What is happening??
Reply
4
Report
HenryGoei
·2021-03-15
Steady
Reply
3
Report
chriscf89
·2021-03-15
Cool
Reply
Like
Report
Fold Replies
- TraderJo98:
  Indeed
  2021-03-15
  Reply
  Report
Albinotofu
·2021-03-15
Where my NOK boys? ?
Reply
1
Report
Fold Replies
- moonlightbae:
  NOK TO THE MOOOOOOON
  2021-03-15
  Reply
  Report
chriscf89
·2021-03-15
Fantastic
Reply
3
Report
Fold Replies
- TraderJo98:
  Indeed
  2021-03-15
  Reply
  Report
RBeaver
·2021-03-15
Fantastic
Reply
1
Report
逢場作戲又一日
·2021-03-15
Stilll alive. My friends [得意]
Reply
1
Report
Joshosaurus
·2021-03-15
Nice
Reply
3
Report
chiew
·2021-03-15
High?
Reply
2
Report
Fold Replies
- Kaceace:
  yes
  2021-03-15
  Reply
  Report
ValAly
·2021-03-15
Let’go up!!!
Reply
3
Report
Fold Replies
- ValAly:
  Comment and like plsssss
  2021-03-15
  Reply
  Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1173461062?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-03-15 17:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1173461062","market":"us","top_or_hot":-1,"title":"Nokia Will Announce a Renewed Strategy At Its Capital Markets Day","media":"InvestorPlace","content":"<div>\n<p>Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/\">Source Link</a>\n\n</div>\n","source":"lsy1606302653667","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nokia Will Announce a Renewed Strategy At Its Capital Markets Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNokia Will Announce a Renewed Strategy At Its Capital Markets Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NOK","symbol_name":"诺基亚","start_time":0,"source_url":"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/","article_id":"1173461062","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1173461062","pubTimestamp":1615799449,"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day e","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NOK":"诺基亚"},"translate_title":"诺基亚将在其资本市场日上宣布新的战略","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NOK":0.9},"content_text":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.\nThe 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”\nA strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.\nProblems in Its Business Outlook\nThe company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:\n\n ”\n “Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.“\n\nManagement had better do something. Nokia has been having difficulties with its main business. According toReuters, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.\nReports surfaced in mid-2020 that Nokia was potentially going to lose a part of itsVerizon(NYSE:VZ) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.\nThe company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.\nLower Sales Forecast\nNevertheless, Nokia says it expects a second year of declining sales,according to theFinancial Times, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:\n\n “\n EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23“\n\nSo far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.\nNevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign againstHuawei, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.\nNo Dividend Won’t Help NOK Stock\nNokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:\n\n “\n Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.“\n\nThis was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:\n\n “\n However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “\n\nIn other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.\nDon’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.\nTherefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":322216780,"gmtCreate":1615809526640,"gmtModify":1704786830199,"author":{"id":"3575016656391852","authorId":"3575016656391852","name":"moonlightbae","avatar":"https://static.tigerbbs.com/9e8bead30ce122327046cb50ca725a77","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575016656391852","authorIdStr":"3575016656391852"},"htmlText":"i love this i own NOK","listText":"i love this i own NOK","text":"i love this i own NOK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322216780","repostId":1173461062,"repostType":4,"repost":{"id":"1173461062","kind":"news","pubTimestamp":1615799449,"share":"https://ttm.financial/m/news/1173461062?lang=&edition=fundamental","pubTime":"2021-03-15 17:10","market":"us","language":"en","title":"Nokia Will Announce a Renewed Strategy At Its Capital Markets Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1173461062","media":"InvestorPlace","summary":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day e","content":"<p><b>Nokia</b>&nbsp;(NYSE:<b><u>NOK</u></b>) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.</p>\n<p>The 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”</p>\n<p>A strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.</p>\n<p>Problems in Its Business Outlook</p>\n<p>The company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:</p>\n<blockquote>\n ”\n <i>“Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.</i>“\n</blockquote>\n<p>Management had better do something. Nokia has been having difficulties with its main business. According to<i>Reuters</i>, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.</p>\n<p>Reports surfaced in mid-2020 that Nokia was potentially going to lose a part of its<b>Verizon</b>(NYSE:<b><u>VZ</u></b>) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.</p>\n<p>The company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.</p>\n<p><b>Lower Sales Forecast</b></p>\n<p>Nevertheless, Nokia says it expects a second year of declining sales,according to the<i>Financial Times</i>, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:</p>\n<blockquote>\n “\n <i>EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23</i>“\n</blockquote>\n<p>So far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.</p>\n<p>Nevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign against<b>Huawei</b>, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.</p>\n<p>No Dividend Won’t Help NOK Stock</p>\n<p>Nokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:</p>\n<blockquote>\n “\n <i>Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.</i>“\n</blockquote>\n<p>This was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:</p>\n<blockquote>\n “\n <i>However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “</i>\n</blockquote>\n<p>In other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.</p>\n<p>Don’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.</p>\n<p>Therefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nokia Will Announce a Renewed Strategy At Its Capital Markets Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNokia Will Announce a Renewed Strategy At Its Capital Markets Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOK":"诺基亚"},"source_url":"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173461062","content_text":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.\nThe 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”\nA strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.\nProblems in Its Business Outlook\nThe company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:\n\n ”\n “Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.“\n\nManagement had better do something. Nokia has been having difficulties with its main business. According toReuters, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.\nReports surfaced in mid-2020 that Nokia was potentially going to lose a part of itsVerizon(NYSE:VZ) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.\nThe company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.\nLower Sales Forecast\nNevertheless, Nokia says it expects a second year of declining sales,according to theFinancial Times, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:\n\n “\n EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23“\n\nSo far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.\nNevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign againstHuawei, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.\nNo Dividend Won’t Help NOK Stock\nNokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:\n\n “\n Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.“\n\nThis was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:\n\n “\n However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “\n\nIn other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.\nDon’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.\nTherefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322625241,"gmtCreate":1615804638183,"gmtModify":1704786736803,"author":{"id":"3568262728204718","authorId":"3568262728204718","name":"ICEsh00ter","avatar":"https://static.tigerbbs.com/e8d9d76c266e1d33abd00a525a8a445c","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"3568262728204718","authorIdStr":"3568262728204718"},"htmlText":"up pls","listText":"up pls","text":"up pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322625241","repostId":1173461062,"repostType":2,"repost":{"id":"1173461062","kind":"news","pubTimestamp":1615799449,"share":"https://ttm.financial/m/news/1173461062?lang=&edition=fundamental","pubTime":"2021-03-15 17:10","market":"us","language":"en","title":"Nokia Will Announce a Renewed Strategy At Its Capital Markets Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1173461062","media":"InvestorPlace","summary":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day e","content":"<p><b>Nokia</b>&nbsp;(NYSE:<b><u>NOK</u></b>) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.</p>\n<p>The 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”</p>\n<p>A strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.</p>\n<p>Problems in Its Business Outlook</p>\n<p>The company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:</p>\n<blockquote>\n ”\n <i>“Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.</i>“\n</blockquote>\n<p>Management had better do something. Nokia has been having difficulties with its main business. According to<i>Reuters</i>, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.</p>\n<p>Reports surfaced in mid-2020 that Nokia was potentially going to lose a part of its<b>Verizon</b>(NYSE:<b><u>VZ</u></b>) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.</p>\n<p>The company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.</p>\n<p><b>Lower Sales Forecast</b></p>\n<p>Nevertheless, Nokia says it expects a second year of declining sales,according to the<i>Financial Times</i>, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:</p>\n<blockquote>\n “\n <i>EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23</i>“\n</blockquote>\n<p>So far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.</p>\n<p>Nevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign against<b>Huawei</b>, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.</p>\n<p>No Dividend Won’t Help NOK Stock</p>\n<p>Nokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:</p>\n<blockquote>\n “\n <i>Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.</i>“\n</blockquote>\n<p>This was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:</p>\n<blockquote>\n “\n <i>However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “</i>\n</blockquote>\n<p>In other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.</p>\n<p>Don’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.</p>\n<p>Therefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nokia Will Announce a Renewed Strategy At Its Capital Markets Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNokia Will Announce a Renewed Strategy At Its Capital Markets Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOK":"诺基亚"},"source_url":"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173461062","content_text":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.\nThe 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”\nA strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.\nProblems in Its Business Outlook\nThe company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:\n\n ”\n “Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.“\n\nManagement had better do something. Nokia has been having difficulties with its main business. According toReuters, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.\nReports surfaced in mid-2020 that Nokia was potentially going to lose a part of itsVerizon(NYSE:VZ) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.\nThe company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.\nLower Sales Forecast\nNevertheless, Nokia says it expects a second year of declining sales,according to theFinancial Times, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:\n\n “\n EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23“\n\nSo far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.\nNevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign againstHuawei, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.\nNo Dividend Won’t Help NOK Stock\nNokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:\n\n “\n Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.“\n\nThis was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:\n\n “\n However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “\n\nIn other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.\nDon’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.\nTherefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322661221,"gmtCreate":1615803585363,"gmtModify":1704786717054,"author":{"id":"3571627110799155","authorId":"3571627110799155","name":"JJQ","avatar":"https://community-static.tradeup.com/news/56f38f5ea7b683e48c466bc341ca6d33","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":8,"crmLevelSwitch":1,"idStr":"3571627110799155","authorIdStr":"3571627110799155"},"htmlText":"Will the price go up? ?&nbsp;","listText":"Will the price go up? ?&nbsp;","text":"Will the price go up? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/322661221","repostId":1173461062,"repostType":2,"repost":{"id":"1173461062","kind":"news","pubTimestamp":1615799449,"share":"https://ttm.financial/m/news/1173461062?lang=&edition=fundamental","pubTime":"2021-03-15 17:10","market":"us","language":"en","title":"Nokia Will Announce a Renewed Strategy At Its Capital Markets Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1173461062","media":"InvestorPlace","summary":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day e","content":"<p><b>Nokia</b>&nbsp;(NYSE:<b><u>NOK</u></b>) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.</p>\n<p>The 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”</p>\n<p>A strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.</p>\n<p>Problems in Its Business Outlook</p>\n<p>The company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:</p>\n<blockquote>\n ”\n <i>“Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.</i>“\n</blockquote>\n<p>Management had better do something. Nokia has been having difficulties with its main business. According to<i>Reuters</i>, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.</p>\n<p>Reports surfaced in mid-2020 that Nokia was potentially going to lose a part of its<b>Verizon</b>(NYSE:<b><u>VZ</u></b>) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.</p>\n<p>The company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.</p>\n<p><b>Lower Sales Forecast</b></p>\n<p>Nevertheless, Nokia says it expects a second year of declining sales,according to the<i>Financial Times</i>, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:</p>\n<blockquote>\n “\n <i>EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23</i>“\n</blockquote>\n<p>So far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.</p>\n<p>Nevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign against<b>Huawei</b>, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.</p>\n<p>No Dividend Won’t Help NOK Stock</p>\n<p>Nokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:</p>\n<blockquote>\n “\n <i>Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.</i>“\n</blockquote>\n<p>This was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:</p>\n<blockquote>\n “\n <i>However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “</i>\n</blockquote>\n<p>In other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.</p>\n<p>Don’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.</p>\n<p>Therefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nokia Will Announce a Renewed Strategy At Its Capital Markets Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNokia Will Announce a Renewed Strategy At Its Capital Markets Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOK":"诺基亚"},"source_url":"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173461062","content_text":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.\nThe 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”\nA strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.\nProblems in Its Business Outlook\nThe company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:\n\n ”\n “Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.“\n\nManagement had better do something. Nokia has been having difficulties with its main business. According toReuters, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.\nReports surfaced in mid-2020 that Nokia was potentially going to lose a part of itsVerizon(NYSE:VZ) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.\nThe company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.\nLower Sales Forecast\nNevertheless, Nokia says it expects a second year of declining sales,according to theFinancial Times, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:\n\n “\n EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23“\n\nSo far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.\nNevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign againstHuawei, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.\nNo Dividend Won’t Help NOK Stock\nNokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:\n\n “\n Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.“\n\nThis was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:\n\n “\n However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “\n\nIn other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.\nDon’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.\nTherefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3799101,"gmtCreate":1615809539635,"gmtModify":1680780436598,"authorId":3575016656391852,"author":{"id":3575016656391852,"idStr":"3575016656391852","authorId":3575016656391852,"name":"moonlightbae","avatar":"https://static.tigerbbs.com/9e8bead30ce122327046cb50ca725a77","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322661221,"type":1,"supId":0,"prevId":0,"content":"yes!","text":"yes!","html":"yes!"},{"id":3799204,"gmtCreate":1615810629036,"gmtModify":1680780431751,"authorId":3571627110799155,"author":{"id":3571627110799155,"idStr":"3571627110799155","authorId":3571627110799155,"name":"JJQ","avatar":"https://community-static.tradeup.com/news/56f38f5ea7b683e48c466bc341ca6d33","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"93.92%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":8,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322661221,"type":1,"supId":3799101,"prevId":0,"content":"Thanks! I also think it will! ??","text":"Thanks! I also think it will! ??","html":"Thanks! I also think it will! ??"}],"langContent":"EN"},{"id":322613168,"gmtCreate":1615801403754,"gmtModify":1704786687645,"author":{"id":"3574048845211632","authorId":"3574048845211632","name":"llDODOll","avatar":"https://static.tigerbbs.com/5194a5d3f47695a539703615a16c26dd","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":2,"crmLevelSwitch":0,"idStr":"3574048845211632","authorIdStr":"3574048845211632"},"htmlText":"Nice. Comment and like please!","listText":"Nice. Comment and like please!","text":"Nice. Comment and like please!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/322613168","repostId":1173461062,"repostType":4,"repost":{"id":"1173461062","kind":"news","pubTimestamp":1615799449,"share":"https://ttm.financial/m/news/1173461062?lang=&edition=fundamental","pubTime":"2021-03-15 17:10","market":"us","language":"en","title":"Nokia Will Announce a Renewed Strategy At Its Capital Markets Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1173461062","media":"InvestorPlace","summary":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day e","content":"<p><b>Nokia</b>&nbsp;(NYSE:<b><u>NOK</u></b>) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.</p>\n<p>The 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”</p>\n<p>A strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.</p>\n<p>Problems in Its Business Outlook</p>\n<p>The company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:</p>\n<blockquote>\n ”\n <i>“Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.</i>“\n</blockquote>\n<p>Management had better do something. Nokia has been having difficulties with its main business. According to<i>Reuters</i>, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.</p>\n<p>Reports surfaced in mid-2020 that Nokia was potentially going to lose a part of its<b>Verizon</b>(NYSE:<b><u>VZ</u></b>) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.</p>\n<p>The company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.</p>\n<p><b>Lower Sales Forecast</b></p>\n<p>Nevertheless, Nokia says it expects a second year of declining sales,according to the<i>Financial Times</i>, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:</p>\n<blockquote>\n “\n <i>EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23</i>“\n</blockquote>\n<p>So far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.</p>\n<p>Nevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign against<b>Huawei</b>, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.</p>\n<p>No Dividend Won’t Help NOK Stock</p>\n<p>Nokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:</p>\n<blockquote>\n “\n <i>Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.</i>“\n</blockquote>\n<p>This was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:</p>\n<blockquote>\n “\n <i>However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “</i>\n</blockquote>\n<p>In other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.</p>\n<p>Don’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.</p>\n<p>Therefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nokia Will Announce a Renewed Strategy At Its Capital Markets Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNokia Will Announce a Renewed Strategy At Its Capital Markets Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOK":"诺基亚"},"source_url":"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173461062","content_text":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.\nThe 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”\nA strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.\nProblems in Its Business Outlook\nThe company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:\n\n ”\n “Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.“\n\nManagement had better do something. Nokia has been having difficulties with its main business. According toReuters, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.\nReports surfaced in mid-2020 that Nokia was potentially going to lose a part of itsVerizon(NYSE:VZ) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.\nThe company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.\nLower Sales Forecast\nNevertheless, Nokia says it expects a second year of declining sales,according to theFinancial Times, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:\n\n “\n EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23“\n\nSo far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.\nNevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign againstHuawei, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.\nNo Dividend Won’t Help NOK Stock\nNokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:\n\n “\n Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.“\n\nThis was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:\n\n “\n However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “\n\nIn other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.\nDon’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.\nTherefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3798147,"gmtCreate":1615802218886,"gmtModify":1680780421269,"authorId":3570019694307822,"author":{"id":3570019694307822,"idStr":"3570019694307822","authorId":3570019694307822,"name":"Farida","avatar":"https://static.tigerbbs.com/a47cbc0316f151ff39c8b8a3f530a7f2","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322613168,"type":1,"supId":3798052,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":3798052,"gmtCreate":1615801457787,"gmtModify":1680780414399,"authorId":3574048845211632,"author":{"id":3574048845211632,"idStr":"3574048845211632","authorId":3574048845211632,"name":"llDODOll","avatar":"https://static.tigerbbs.com/5194a5d3f47695a539703615a16c26dd","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322613168,"type":1,"supId":0,"prevId":0,"content":"Nice. Comment and like please!","text":"Nice. Comment and like please!","html":"Nice. Comment and like please!"}],"langContent":"EN"},{"id":322613919,"gmtCreate":1615801400431,"gmtModify":1704786688293,"author":{"id":"3555405988657722","authorId":"3555405988657722","name":"XxBoxX","avatar":"https://static.tigerbbs.com/10dca596007b042e10a18625e67b7893","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3555405988657722","authorIdStr":"3555405988657722"},"htmlText":"Buy Nokia?&nbsp;","listText":"Buy Nokia?&nbsp;","text":"Buy Nokia?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/322613919","repostId":1173461062,"repostType":4,"repost":{"id":"1173461062","kind":"news","pubTimestamp":1615799449,"share":"https://ttm.financial/m/news/1173461062?lang=&edition=fundamental","pubTime":"2021-03-15 17:10","market":"us","language":"en","title":"Nokia Will Announce a Renewed Strategy At Its Capital Markets Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1173461062","media":"InvestorPlace","summary":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day e","content":"<p><b>Nokia</b>&nbsp;(NYSE:<b><u>NOK</u></b>) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.</p>\n<p>The 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”</p>\n<p>A strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.</p>\n<p>Problems in Its Business Outlook</p>\n<p>The company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:</p>\n<blockquote>\n ”\n <i>“Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.</i>“\n</blockquote>\n<p>Management had better do something. Nokia has been having difficulties with its main business. According to<i>Reuters</i>, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.</p>\n<p>Reports surfaced in mid-2020 that Nokia was potentially going to lose a part of its<b>Verizon</b>(NYSE:<b><u>VZ</u></b>) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.</p>\n<p>The company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.</p>\n<p><b>Lower Sales Forecast</b></p>\n<p>Nevertheless, Nokia says it expects a second year of declining sales,according to the<i>Financial Times</i>, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:</p>\n<blockquote>\n “\n <i>EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23</i>“\n</blockquote>\n<p>So far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.</p>\n<p>Nevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign against<b>Huawei</b>, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.</p>\n<p>No Dividend Won’t Help NOK Stock</p>\n<p>Nokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:</p>\n<blockquote>\n “\n <i>Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.</i>“\n</blockquote>\n<p>This was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:</p>\n<blockquote>\n “\n <i>However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “</i>\n</blockquote>\n<p>In other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.</p>\n<p>Don’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.</p>\n<p>Therefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nokia Will Announce a Renewed Strategy At Its Capital Markets Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNokia Will Announce a Renewed Strategy At Its Capital Markets Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOK":"诺基亚"},"source_url":"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173461062","content_text":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.\nThe 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”\nA strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.\nProblems in Its Business Outlook\nThe company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:\n\n ”\n “Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.“\n\nManagement had better do something. Nokia has been having difficulties with its main business. According toReuters, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.\nReports surfaced in mid-2020 that Nokia was potentially going to lose a part of itsVerizon(NYSE:VZ) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.\nThe company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.\nLower Sales Forecast\nNevertheless, Nokia says it expects a second year of declining sales,according to theFinancial Times, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:\n\n “\n EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23“\n\nSo far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.\nNevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign againstHuawei, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.\nNo Dividend Won’t Help NOK Stock\nNokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:\n\n “\n Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.“\n\nThis was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:\n\n “\n However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “\n\nIn other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.\nDon’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.\nTherefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3798161,"gmtCreate":1615802366451,"gmtModify":1680780421091,"authorId":3574724399840291,"author":{"id":3574724399840291,"idStr":"3574724399840291","authorId":3574724399840291,"name":"Bluefish","avatar":"https://community-static.tradeup.com/news/331df3ab3ccfe360e355f6cafc80b768","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"93.29%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322613919,"type":1,"supId":0,"prevId":0,"content":"No good","text":"No good","html":"No good"},{"id":3798163,"gmtCreate":1615802376821,"gmtModify":1680780418074,"authorId":3555497414386855,"author":{"id":3555497414386855,"idStr":"3555497414386855","authorId":3555497414386855,"name":"Yapyap","avatar":"https://static.tigerbbs.com/ae8e23fdb414a4391a359fa1516a4b20","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322613919,"type":1,"supId":0,"prevId":0,"content":"Okay","text":"Okay","html":"Okay"},{"id":3798063,"gmtCreate":1615801514240,"gmtModify":1680780415047,"authorId":3560335860508923,"author":{"id":3560335860508923,"idStr":"3560335860508923","authorId":3560335860508923,"name":"CellK","avatar":"https://static.tigerbbs.com/4836fa596a1a8855bdaa8e7bfa71bc9b","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322613919,"type":1,"supId":0,"prevId":0,"content":"Lets buy","text":"Lets buy","html":"Lets buy"}],"langContent":"EN"},{"id":322638859,"gmtCreate":1615800952471,"gmtModify":1704786676783,"author":{"id":"3567411499210880","authorId":"3567411499210880","name":"Nebhol","avatar":"https://static.tigerbbs.com/b0bfc2a45b91e41a283614268857b3a5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3567411499210880","authorIdStr":"3567411499210880"},"htmlText":"Something new","listText":"Something new","text":"Something new","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322638859","repostId":1173461062,"repostType":4,"repost":{"id":"1173461062","kind":"news","pubTimestamp":1615799449,"share":"https://ttm.financial/m/news/1173461062?lang=&edition=fundamental","pubTime":"2021-03-15 17:10","market":"us","language":"en","title":"Nokia Will Announce a Renewed Strategy At Its Capital Markets Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1173461062","media":"InvestorPlace","summary":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day e","content":"<p><b>Nokia</b>&nbsp;(NYSE:<b><u>NOK</u></b>) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.</p>\n<p>The 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”</p>\n<p>A strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.</p>\n<p>Problems in Its Business Outlook</p>\n<p>The company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:</p>\n<blockquote>\n ”\n <i>“Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.</i>“\n</blockquote>\n<p>Management had better do something. Nokia has been having difficulties with its main business. According to<i>Reuters</i>, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.</p>\n<p>Reports surfaced in mid-2020 that Nokia was potentially going to lose a part of its<b>Verizon</b>(NYSE:<b><u>VZ</u></b>) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.</p>\n<p>The company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.</p>\n<p><b>Lower Sales Forecast</b></p>\n<p>Nevertheless, Nokia says it expects a second year of declining sales,according to the<i>Financial Times</i>, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:</p>\n<blockquote>\n “\n <i>EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23</i>“\n</blockquote>\n<p>So far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.</p>\n<p>Nevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign against<b>Huawei</b>, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.</p>\n<p>No Dividend Won’t Help NOK Stock</p>\n<p>Nokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:</p>\n<blockquote>\n “\n <i>Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.</i>“\n</blockquote>\n<p>This was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:</p>\n<blockquote>\n “\n <i>However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “</i>\n</blockquote>\n<p>In other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.</p>\n<p>Don’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.</p>\n<p>Therefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nokia Will Announce a Renewed Strategy At Its Capital Markets Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNokia Will Announce a Renewed Strategy At Its Capital Markets Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOK":"诺基亚"},"source_url":"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173461062","content_text":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.\nThe 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”\nA strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.\nProblems in Its Business Outlook\nThe company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:\n\n ”\n “Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.“\n\nManagement had better do something. Nokia has been having difficulties with its main business. According toReuters, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.\nReports surfaced in mid-2020 that Nokia was potentially going to lose a part of itsVerizon(NYSE:VZ) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.\nThe company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.\nLower Sales Forecast\nNevertheless, Nokia says it expects a second year of declining sales,according to theFinancial Times, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:\n\n “\n EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23“\n\nSo far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.\nNevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign againstHuawei, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.\nNo Dividend Won’t Help NOK Stock\nNokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:\n\n “\n Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.“\n\nThis was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:\n\n “\n However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “\n\nIn other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.\nDon’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.\nTherefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322638375,"gmtCreate":1615800932097,"gmtModify":1704786677106,"author":{"id":"3575079221305270","authorId":"3575079221305270","name":"Jectter","avatar":"https://static.tigerbbs.com/34284aeda2aa2a20e4a406b4aa0d4558","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575079221305270","authorIdStr":"3575079221305270"},"htmlText":"coooopl","listText":"coooopl","text":"coooopl","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322638375","repostId":1173461062,"repostType":4,"repost":{"id":"1173461062","kind":"news","pubTimestamp":1615799449,"share":"https://ttm.financial/m/news/1173461062?lang=&edition=fundamental","pubTime":"2021-03-15 17:10","market":"us","language":"en","title":"Nokia Will Announce a Renewed Strategy At Its Capital Markets Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1173461062","media":"InvestorPlace","summary":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day e","content":"<p><b>Nokia</b>&nbsp;(NYSE:<b><u>NOK</u></b>) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.</p>\n<p>The 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”</p>\n<p>A strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.</p>\n<p>Problems in Its Business Outlook</p>\n<p>The company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:</p>\n<blockquote>\n ”\n <i>“Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.</i>“\n</blockquote>\n<p>Management had better do something. Nokia has been having difficulties with its main business. According to<i>Reuters</i>, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.</p>\n<p>Reports surfaced in mid-2020 that Nokia was potentially going to lose a part of its<b>Verizon</b>(NYSE:<b><u>VZ</u></b>) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.</p>\n<p>The company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.</p>\n<p><b>Lower Sales Forecast</b></p>\n<p>Nevertheless, Nokia says it expects a second year of declining sales,according to the<i>Financial Times</i>, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:</p>\n<blockquote>\n “\n <i>EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23</i>“\n</blockquote>\n<p>So far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.</p>\n<p>Nevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign against<b>Huawei</b>, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.</p>\n<p>No Dividend Won’t Help NOK Stock</p>\n<p>Nokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:</p>\n<blockquote>\n “\n <i>Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.</i>“\n</blockquote>\n<p>This was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:</p>\n<blockquote>\n “\n <i>However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “</i>\n</blockquote>\n<p>In other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.</p>\n<p>Don’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.</p>\n<p>Therefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nokia Will Announce a Renewed Strategy At Its Capital Markets Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNokia Will Announce a Renewed Strategy At Its Capital Markets Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOK":"诺基亚"},"source_url":"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173461062","content_text":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.\nThe 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”\nA strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.\nProblems in Its Business Outlook\nThe company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:\n\n ”\n “Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.“\n\nManagement had better do something. Nokia has been having difficulties with its main business. According toReuters, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.\nReports surfaced in mid-2020 that Nokia was potentially going to lose a part of itsVerizon(NYSE:VZ) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.\nThe company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.\nLower Sales Forecast\nNevertheless, Nokia says it expects a second year of declining sales,according to theFinancial Times, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:\n\n “\n EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23“\n\nSo far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.\nNevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign againstHuawei, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.\nNo Dividend Won’t Help NOK Stock\nNokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:\n\n “\n Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.“\n\nThis was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:\n\n “\n However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “\n\nIn other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.\nDon’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.\nTherefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322695695,"gmtCreate":1615800378317,"gmtModify":1704786666579,"author":{"id":"3555242378875453","authorId":"3555242378875453","name":"kayden","avatar":"https://static.tigerbbs.com/8f5d57789a229511fba5301ddb2f22f2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3555242378875453","authorIdStr":"3555242378875453"},"htmlText":"cool。 &nbsp; &nbsp; &nbsp;","listText":"cool。 &nbsp; &nbsp; &nbsp;","text":"cool。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/322695695","repostId":1173461062,"repostType":4,"repost":{"id":"1173461062","kind":"news","pubTimestamp":1615799449,"share":"https://ttm.financial/m/news/1173461062?lang=&edition=fundamental","pubTime":"2021-03-15 17:10","market":"us","language":"en","title":"Nokia Will Announce a Renewed Strategy At Its Capital Markets Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1173461062","media":"InvestorPlace","summary":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day e","content":"<p><b>Nokia</b>&nbsp;(NYSE:<b><u>NOK</u></b>) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.</p>\n<p>The 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”</p>\n<p>A strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.</p>\n<p>Problems in Its Business Outlook</p>\n<p>The company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:</p>\n<blockquote>\n ”\n <i>“Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.</i>“\n</blockquote>\n<p>Management had better do something. Nokia has been having difficulties with its main business. According to<i>Reuters</i>, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.</p>\n<p>Reports surfaced in mid-2020 that Nokia was potentially going to lose a part of its<b>Verizon</b>(NYSE:<b><u>VZ</u></b>) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.</p>\n<p>The company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.</p>\n<p><b>Lower Sales Forecast</b></p>\n<p>Nevertheless, Nokia says it expects a second year of declining sales,according to the<i>Financial Times</i>, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:</p>\n<blockquote>\n “\n <i>EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23</i>“\n</blockquote>\n<p>So far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.</p>\n<p>Nevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign against<b>Huawei</b>, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.</p>\n<p>No Dividend Won’t Help NOK Stock</p>\n<p>Nokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:</p>\n<blockquote>\n “\n <i>Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.</i>“\n</blockquote>\n<p>This was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:</p>\n<blockquote>\n “\n <i>However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “</i>\n</blockquote>\n<p>In other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.</p>\n<p>Don’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.</p>\n<p>Therefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nokia Will Announce a Renewed Strategy At Its Capital Markets Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNokia Will Announce a Renewed Strategy At Its Capital Markets Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOK":"诺基亚"},"source_url":"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173461062","content_text":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.\nThe 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”\nA strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.\nProblems in Its Business Outlook\nThe company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:\n\n ”\n “Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.“\n\nManagement had better do something. Nokia has been having difficulties with its main business. According toReuters, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.\nReports surfaced in mid-2020 that Nokia was potentially going to lose a part of itsVerizon(NYSE:VZ) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.\nThe company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.\nLower Sales Forecast\nNevertheless, Nokia says it expects a second year of declining sales,according to theFinancial Times, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:\n\n “\n EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23“\n\nSo far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.\nNevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign againstHuawei, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.\nNo Dividend Won’t Help NOK Stock\nNokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:\n\n “\n Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.“\n\nThis was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:\n\n “\n However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “\n\nIn other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.\nDon’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.\nTherefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3797984,"gmtCreate":1615800946699,"gmtModify":1680780421525,"authorId":3575079221305270,"author":{"id":3575079221305270,"idStr":"3575079221305270","authorId":3575079221305270,"name":"Jectter","avatar":"https://static.tigerbbs.com/34284aeda2aa2a20e4a406b4aa0d4558","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322695695,"type":1,"supId":3797928,"prevId":0,"content":"sick","text":"sick","html":"sick"},{"id":3797928,"gmtCreate":1615800471118,"gmtModify":1680780413977,"authorId":3555242378875453,"author":{"id":3555242378875453,"idStr":"3555242378875453","authorId":3555242378875453,"name":"kayden","avatar":"https://static.tigerbbs.com/8f5d57789a229511fba5301ddb2f22f2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322695695,"type":1,"supId":0,"prevId":0,"content":"wow","text":"wow","html":"wow"}],"langContent":"EN"},{"id":322698235,"gmtCreate":1615800218627,"gmtModify":1704786663327,"author":{"id":"3575079221305270","authorId":"3575079221305270","name":"Jectter","avatar":"https://static.tigerbbs.com/34284aeda2aa2a20e4a406b4aa0d4558","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575079221305270","authorIdStr":"3575079221305270"},"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/322698235","repostId":1173461062,"repostType":4,"repost":{"id":"1173461062","kind":"news","pubTimestamp":1615799449,"share":"https://ttm.financial/m/news/1173461062?lang=&edition=fundamental","pubTime":"2021-03-15 17:10","market":"us","language":"en","title":"Nokia Will Announce a Renewed Strategy At Its Capital Markets Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1173461062","media":"InvestorPlace","summary":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day e","content":"<p><b>Nokia</b>&nbsp;(NYSE:<b><u>NOK</u></b>) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.</p>\n<p>The 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”</p>\n<p>A strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.</p>\n<p>Problems in Its Business Outlook</p>\n<p>The company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:</p>\n<blockquote>\n ”\n <i>“Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.</i>“\n</blockquote>\n<p>Management had better do something. Nokia has been having difficulties with its main business. According to<i>Reuters</i>, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.</p>\n<p>Reports surfaced in mid-2020 that Nokia was potentially going to lose a part of its<b>Verizon</b>(NYSE:<b><u>VZ</u></b>) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.</p>\n<p>The company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.</p>\n<p><b>Lower Sales Forecast</b></p>\n<p>Nevertheless, Nokia says it expects a second year of declining sales,according to the<i>Financial Times</i>, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:</p>\n<blockquote>\n “\n <i>EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23</i>“\n</blockquote>\n<p>So far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.</p>\n<p>Nevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign against<b>Huawei</b>, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.</p>\n<p>No Dividend Won’t Help NOK Stock</p>\n<p>Nokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:</p>\n<blockquote>\n “\n <i>Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.</i>“\n</blockquote>\n<p>This was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:</p>\n<blockquote>\n “\n <i>However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “</i>\n</blockquote>\n<p>In other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.</p>\n<p>Don’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.</p>\n<p>Therefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nokia Will Announce a Renewed Strategy At Its Capital Markets Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNokia Will Announce a Renewed Strategy At Its Capital Markets Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOK":"诺基亚"},"source_url":"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173461062","content_text":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.\nThe 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”\nA strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.\nProblems in Its Business Outlook\nThe company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:\n\n ”\n “Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.“\n\nManagement had better do something. Nokia has been having difficulties with its main business. According toReuters, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.\nReports surfaced in mid-2020 that Nokia was potentially going to lose a part of itsVerizon(NYSE:VZ) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.\nThe company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.\nLower Sales Forecast\nNevertheless, Nokia says it expects a second year of declining sales,according to theFinancial Times, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:\n\n “\n EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23“\n\nSo far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.\nNevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign againstHuawei, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.\nNo Dividend Won’t Help NOK Stock\nNokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:\n\n “\n Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.“\n\nThis was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:\n\n “\n However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “\n\nIn other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.\nDon’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.\nTherefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3797941,"gmtCreate":1615800566136,"gmtModify":1680780422063,"authorId":3555242378875453,"author":{"id":3555242378875453,"idStr":"3555242378875453","authorId":3555242378875453,"name":"kayden","avatar":"https://static.tigerbbs.com/8f5d57789a229511fba5301ddb2f22f2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322698235,"type":1,"supId":0,"prevId":0,"content":"wow    ","text":"wow    ","html":"wow    "}],"langContent":"EN"},{"id":322691572,"gmtCreate":1615800193396,"gmtModify":1704786661711,"author":{"id":"3568009252648817","authorId":"3568009252648817","name":"KK1307","avatar":"https://static.tigerbbs.com/fc43984d0d0a188bbbb00066f257585e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3568009252648817","authorIdStr":"3568009252648817"},"htmlText":"Rising?","listText":"Rising?","text":"Rising?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322691572","repostId":1173461062,"repostType":4,"repost":{"id":"1173461062","kind":"news","pubTimestamp":1615799449,"share":"https://ttm.financial/m/news/1173461062?lang=&edition=fundamental","pubTime":"2021-03-15 17:10","market":"us","language":"en","title":"Nokia Will Announce a Renewed Strategy At Its Capital Markets Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1173461062","media":"InvestorPlace","summary":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day e","content":"<p><b>Nokia</b>&nbsp;(NYSE:<b><u>NOK</u></b>) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.</p>\n<p>The 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”</p>\n<p>A strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.</p>\n<p>Problems in Its Business Outlook</p>\n<p>The company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:</p>\n<blockquote>\n ”\n <i>“Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.</i>“\n</blockquote>\n<p>Management had better do something. Nokia has been having difficulties with its main business. According to<i>Reuters</i>, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.</p>\n<p>Reports surfaced in mid-2020 that Nokia was potentially going to lose a part of its<b>Verizon</b>(NYSE:<b><u>VZ</u></b>) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.</p>\n<p>The company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.</p>\n<p><b>Lower Sales Forecast</b></p>\n<p>Nevertheless, Nokia says it expects a second year of declining sales,according to the<i>Financial Times</i>, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:</p>\n<blockquote>\n “\n <i>EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23</i>“\n</blockquote>\n<p>So far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.</p>\n<p>Nevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign against<b>Huawei</b>, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.</p>\n<p>No Dividend Won’t Help NOK Stock</p>\n<p>Nokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:</p>\n<blockquote>\n “\n <i>Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.</i>“\n</blockquote>\n<p>This was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:</p>\n<blockquote>\n “\n <i>However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “</i>\n</blockquote>\n<p>In other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.</p>\n<p>Don’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.</p>\n<p>Therefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nokia Will Announce a Renewed Strategy At Its Capital Markets Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNokia Will Announce a Renewed Strategy At Its Capital Markets Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOK":"诺基亚"},"source_url":"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173461062","content_text":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.\nThe 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”\nA strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.\nProblems in Its Business Outlook\nThe company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:\n\n ”\n “Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.“\n\nManagement had better do something. Nokia has been having difficulties with its main business. According toReuters, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.\nReports surfaced in mid-2020 that Nokia was potentially going to lose a part of itsVerizon(NYSE:VZ) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.\nThe company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.\nLower Sales Forecast\nNevertheless, Nokia says it expects a second year of declining sales,according to theFinancial Times, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:\n\n “\n EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23“\n\nSo far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.\nNevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign againstHuawei, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.\nNo Dividend Won’t Help NOK Stock\nNokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:\n\n “\n Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.“\n\nThis was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:\n\n “\n However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “\n\nIn other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.\nDon’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.\nTherefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322699023,"gmtCreate":1615800056162,"gmtModify":1704786658090,"author":{"id":"3561940699575283","authorId":"3561940699575283","name":"HenryGoei","avatar":"https://static.tigerbbs.com/a1049cc393c97ed4e179dbc46d637883","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3561940699575283","authorIdStr":"3561940699575283"},"htmlText":"What is happening??","listText":"What is happening??","text":"What is happening??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322699023","repostId":1173461062,"repostType":4,"repost":{"id":"1173461062","kind":"news","pubTimestamp":1615799449,"share":"https://ttm.financial/m/news/1173461062?lang=&edition=fundamental","pubTime":"2021-03-15 17:10","market":"us","language":"en","title":"Nokia Will Announce a Renewed Strategy At Its Capital Markets Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1173461062","media":"InvestorPlace","summary":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day e","content":"<p><b>Nokia</b>&nbsp;(NYSE:<b><u>NOK</u></b>) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.</p>\n<p>The 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”</p>\n<p>A strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.</p>\n<p>Problems in Its Business Outlook</p>\n<p>The company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:</p>\n<blockquote>\n ”\n <i>“Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.</i>“\n</blockquote>\n<p>Management had better do something. Nokia has been having difficulties with its main business. According to<i>Reuters</i>, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.</p>\n<p>Reports surfaced in mid-2020 that Nokia was potentially going to lose a part of its<b>Verizon</b>(NYSE:<b><u>VZ</u></b>) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.</p>\n<p>The company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.</p>\n<p><b>Lower Sales Forecast</b></p>\n<p>Nevertheless, Nokia says it expects a second year of declining sales,according to the<i>Financial Times</i>, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:</p>\n<blockquote>\n “\n <i>EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23</i>“\n</blockquote>\n<p>So far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.</p>\n<p>Nevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign against<b>Huawei</b>, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.</p>\n<p>No Dividend Won’t Help NOK Stock</p>\n<p>Nokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:</p>\n<blockquote>\n “\n <i>Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.</i>“\n</blockquote>\n<p>This was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:</p>\n<blockquote>\n “\n <i>However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “</i>\n</blockquote>\n<p>In other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.</p>\n<p>Don’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.</p>\n<p>Therefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nokia Will Announce a Renewed Strategy At Its Capital Markets Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNokia Will Announce a Renewed Strategy At Its Capital Markets Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOK":"诺基亚"},"source_url":"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173461062","content_text":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.\nThe 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”\nA strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.\nProblems in Its Business Outlook\nThe company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:\n\n ”\n “Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.“\n\nManagement had better do something. Nokia has been having difficulties with its main business. According toReuters, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.\nReports surfaced in mid-2020 that Nokia was potentially going to lose a part of itsVerizon(NYSE:VZ) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.\nThe company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.\nLower Sales Forecast\nNevertheless, Nokia says it expects a second year of declining sales,according to theFinancial Times, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:\n\n “\n EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23“\n\nSo far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.\nNevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign againstHuawei, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.\nNo Dividend Won’t Help NOK Stock\nNokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:\n\n “\n Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.“\n\nThis was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:\n\n “\n However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “\n\nIn other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.\nDon’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.\nTherefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322690417,"gmtCreate":1615800042139,"gmtModify":1704786657767,"author":{"id":"3561940699575283","authorId":"3561940699575283","name":"HenryGoei","avatar":"https://static.tigerbbs.com/a1049cc393c97ed4e179dbc46d637883","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3561940699575283","authorIdStr":"3561940699575283"},"htmlText":"Steady","listText":"Steady","text":"Steady","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322690417","repostId":1173461062,"repostType":4,"repost":{"id":"1173461062","kind":"news","pubTimestamp":1615799449,"share":"https://ttm.financial/m/news/1173461062?lang=&edition=fundamental","pubTime":"2021-03-15 17:10","market":"us","language":"en","title":"Nokia Will Announce a Renewed Strategy At Its Capital Markets Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1173461062","media":"InvestorPlace","summary":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day e","content":"<p><b>Nokia</b>&nbsp;(NYSE:<b><u>NOK</u></b>) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.</p>\n<p>The 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”</p>\n<p>A strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.</p>\n<p>Problems in Its Business Outlook</p>\n<p>The company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:</p>\n<blockquote>\n ”\n <i>“Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.</i>“\n</blockquote>\n<p>Management had better do something. Nokia has been having difficulties with its main business. According to<i>Reuters</i>, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.</p>\n<p>Reports surfaced in mid-2020 that Nokia was potentially going to lose a part of its<b>Verizon</b>(NYSE:<b><u>VZ</u></b>) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.</p>\n<p>The company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.</p>\n<p><b>Lower Sales Forecast</b></p>\n<p>Nevertheless, Nokia says it expects a second year of declining sales,according to the<i>Financial Times</i>, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:</p>\n<blockquote>\n “\n <i>EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23</i>“\n</blockquote>\n<p>So far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.</p>\n<p>Nevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign against<b>Huawei</b>, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.</p>\n<p>No Dividend Won’t Help NOK Stock</p>\n<p>Nokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:</p>\n<blockquote>\n “\n <i>Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.</i>“\n</blockquote>\n<p>This was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:</p>\n<blockquote>\n “\n <i>However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “</i>\n</blockquote>\n<p>In other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.</p>\n<p>Don’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.</p>\n<p>Therefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nokia Will Announce a Renewed Strategy At Its Capital Markets Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNokia Will Announce a Renewed Strategy At Its Capital Markets Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOK":"诺基亚"},"source_url":"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173461062","content_text":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.\nThe 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”\nA strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.\nProblems in Its Business Outlook\nThe company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:\n\n ”\n “Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.“\n\nManagement had better do something. Nokia has been having difficulties with its main business. According toReuters, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.\nReports surfaced in mid-2020 that Nokia was potentially going to lose a part of itsVerizon(NYSE:VZ) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.\nThe company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.\nLower Sales Forecast\nNevertheless, Nokia says it expects a second year of declining sales,according to theFinancial Times, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:\n\n “\n EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23“\n\nSo far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.\nNevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign againstHuawei, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.\nNo Dividend Won’t Help NOK Stock\nNokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:\n\n “\n Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.“\n\nThis was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:\n\n “\n However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “\n\nIn other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.\nDon’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.\nTherefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322604387,"gmtCreate":1615799922149,"gmtModify":1704786654035,"author":{"id":"3571872446256788","authorId":"3571872446256788","name":"chriscf89","avatar":"https://static.tigerbbs.com/c4ed19236bd81f6b2d8ef0433991b5bb","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3571872446256788","authorIdStr":"3571872446256788"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/322604387","repostId":1173461062,"repostType":4,"repost":{"id":"1173461062","kind":"news","pubTimestamp":1615799449,"share":"https://ttm.financial/m/news/1173461062?lang=&edition=fundamental","pubTime":"2021-03-15 17:10","market":"us","language":"en","title":"Nokia Will Announce a Renewed Strategy At Its Capital Markets Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1173461062","media":"InvestorPlace","summary":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day e","content":"<p><b>Nokia</b>&nbsp;(NYSE:<b><u>NOK</u></b>) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.</p>\n<p>The 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”</p>\n<p>A strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.</p>\n<p>Problems in Its Business Outlook</p>\n<p>The company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:</p>\n<blockquote>\n ”\n <i>“Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.</i>“\n</blockquote>\n<p>Management had better do something. Nokia has been having difficulties with its main business. According to<i>Reuters</i>, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.</p>\n<p>Reports surfaced in mid-2020 that Nokia was potentially going to lose a part of its<b>Verizon</b>(NYSE:<b><u>VZ</u></b>) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.</p>\n<p>The company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.</p>\n<p><b>Lower Sales Forecast</b></p>\n<p>Nevertheless, Nokia says it expects a second year of declining sales,according to the<i>Financial Times</i>, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:</p>\n<blockquote>\n “\n <i>EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23</i>“\n</blockquote>\n<p>So far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.</p>\n<p>Nevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign against<b>Huawei</b>, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.</p>\n<p>No Dividend Won’t Help NOK Stock</p>\n<p>Nokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:</p>\n<blockquote>\n “\n <i>Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.</i>“\n</blockquote>\n<p>This was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:</p>\n<blockquote>\n “\n <i>However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “</i>\n</blockquote>\n<p>In other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.</p>\n<p>Don’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.</p>\n<p>Therefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nokia Will Announce a Renewed Strategy At Its Capital Markets Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNokia Will Announce a Renewed Strategy At Its Capital Markets Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOK":"诺基亚"},"source_url":"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173461062","content_text":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.\nThe 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”\nA strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.\nProblems in Its Business Outlook\nThe company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:\n\n ”\n “Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.“\n\nManagement had better do something. Nokia has been having difficulties with its main business. According toReuters, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.\nReports surfaced in mid-2020 that Nokia was potentially going to lose a part of itsVerizon(NYSE:VZ) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.\nThe company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.\nLower Sales Forecast\nNevertheless, Nokia says it expects a second year of declining sales,according to theFinancial Times, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:\n\n “\n EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23“\n\nSo far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.\nNevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign againstHuawei, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.\nNo Dividend Won’t Help NOK Stock\nNokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:\n\n “\n Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.“\n\nThis was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:\n\n “\n However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “\n\nIn other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.\nDon’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.\nTherefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3797898,"gmtCreate":1615800229104,"gmtModify":1680780416060,"authorId":3555067011639600,"author":{"id":3555067011639600,"idStr":"3555067011639600","authorId":3555067011639600,"name":"TraderJo98","avatar":"https://static.tigerbbs.com/4b2fb6c4a2935a517c3b7b2963f0308e","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"80.86%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":1,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322604387,"type":1,"supId":0,"prevId":0,"content":"Indeed","text":"Indeed","html":"Indeed"}],"langContent":"EN"},{"id":322605754,"gmtCreate":1615799905278,"gmtModify":1704786654196,"author":{"id":"3573992467466261","authorId":"3573992467466261","name":"Albinotofu","avatar":"https://static.tigerbbs.com/61dc21c4c54604259c04881146f986b7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573992467466261","authorIdStr":"3573992467466261"},"htmlText":"Where my NOK boys? ?","listText":"Where my NOK boys? ?","text":"Where my NOK boys? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/322605754","repostId":1173461062,"repostType":4,"repost":{"id":"1173461062","kind":"news","pubTimestamp":1615799449,"share":"https://ttm.financial/m/news/1173461062?lang=&edition=fundamental","pubTime":"2021-03-15 17:10","market":"us","language":"en","title":"Nokia Will Announce a Renewed Strategy At Its Capital Markets Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1173461062","media":"InvestorPlace","summary":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day e","content":"<p><b>Nokia</b>&nbsp;(NYSE:<b><u>NOK</u></b>) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.</p>\n<p>The 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”</p>\n<p>A strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.</p>\n<p>Problems in Its Business Outlook</p>\n<p>The company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:</p>\n<blockquote>\n ”\n <i>“Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.</i>“\n</blockquote>\n<p>Management had better do something. Nokia has been having difficulties with its main business. According to<i>Reuters</i>, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.</p>\n<p>Reports surfaced in mid-2020 that Nokia was potentially going to lose a part of its<b>Verizon</b>(NYSE:<b><u>VZ</u></b>) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.</p>\n<p>The company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.</p>\n<p><b>Lower Sales Forecast</b></p>\n<p>Nevertheless, Nokia says it expects a second year of declining sales,according to the<i>Financial Times</i>, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:</p>\n<blockquote>\n “\n <i>EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23</i>“\n</blockquote>\n<p>So far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.</p>\n<p>Nevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign against<b>Huawei</b>, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.</p>\n<p>No Dividend Won’t Help NOK Stock</p>\n<p>Nokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:</p>\n<blockquote>\n “\n <i>Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.</i>“\n</blockquote>\n<p>This was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:</p>\n<blockquote>\n “\n <i>However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “</i>\n</blockquote>\n<p>In other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.</p>\n<p>Don’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.</p>\n<p>Therefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nokia Will Announce a Renewed Strategy At Its Capital Markets Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNokia Will Announce a Renewed Strategy At Its Capital Markets Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOK":"诺基亚"},"source_url":"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173461062","content_text":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.\nThe 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”\nA strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.\nProblems in Its Business Outlook\nThe company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:\n\n ”\n “Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.“\n\nManagement had better do something. Nokia has been having difficulties with its main business. According toReuters, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.\nReports surfaced in mid-2020 that Nokia was potentially going to lose a part of itsVerizon(NYSE:VZ) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.\nThe company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.\nLower Sales Forecast\nNevertheless, Nokia says it expects a second year of declining sales,according to theFinancial Times, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:\n\n “\n EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23“\n\nSo far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.\nNevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign againstHuawei, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.\nNo Dividend Won’t Help NOK Stock\nNokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:\n\n “\n Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.“\n\nThis was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:\n\n “\n However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “\n\nIn other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.\nDon’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.\nTherefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3799103,"gmtCreate":1615809554466,"gmtModify":1680780434741,"authorId":3575016656391852,"author":{"id":3575016656391852,"idStr":"3575016656391852","authorId":3575016656391852,"name":"moonlightbae","avatar":"https://static.tigerbbs.com/9e8bead30ce122327046cb50ca725a77","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322605754,"type":1,"supId":0,"prevId":0,"content":"NOK TO THE MOOOOOOON","text":"NOK TO THE MOOOOOOON","html":"NOK TO THE MOOOOOOON"}],"langContent":"EN"},{"id":322605268,"gmtCreate":1615799875054,"gmtModify":1704786653061,"author":{"id":"3571872446256788","authorId":"3571872446256788","name":"chriscf89","avatar":"https://static.tigerbbs.com/c4ed19236bd81f6b2d8ef0433991b5bb","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3571872446256788","authorIdStr":"3571872446256788"},"htmlText":"Fantastic&nbsp;","listText":"Fantastic&nbsp;","text":"Fantastic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/322605268","repostId":1173461062,"repostType":4,"repost":{"id":"1173461062","kind":"news","pubTimestamp":1615799449,"share":"https://ttm.financial/m/news/1173461062?lang=&edition=fundamental","pubTime":"2021-03-15 17:10","market":"us","language":"en","title":"Nokia Will Announce a Renewed Strategy At Its Capital Markets Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1173461062","media":"InvestorPlace","summary":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day e","content":"<p><b>Nokia</b>&nbsp;(NYSE:<b><u>NOK</u></b>) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.</p>\n<p>The 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”</p>\n<p>A strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.</p>\n<p>Problems in Its Business Outlook</p>\n<p>The company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:</p>\n<blockquote>\n ”\n <i>“Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.</i>“\n</blockquote>\n<p>Management had better do something. Nokia has been having difficulties with its main business. According to<i>Reuters</i>, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.</p>\n<p>Reports surfaced in mid-2020 that Nokia was potentially going to lose a part of its<b>Verizon</b>(NYSE:<b><u>VZ</u></b>) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.</p>\n<p>The company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.</p>\n<p><b>Lower Sales Forecast</b></p>\n<p>Nevertheless, Nokia says it expects a second year of declining sales,according to the<i>Financial Times</i>, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:</p>\n<blockquote>\n “\n <i>EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23</i>“\n</blockquote>\n<p>So far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.</p>\n<p>Nevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign against<b>Huawei</b>, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.</p>\n<p>No Dividend Won’t Help NOK Stock</p>\n<p>Nokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:</p>\n<blockquote>\n “\n <i>Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.</i>“\n</blockquote>\n<p>This was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:</p>\n<blockquote>\n “\n <i>However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “</i>\n</blockquote>\n<p>In other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.</p>\n<p>Don’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.</p>\n<p>Therefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nokia Will Announce a Renewed Strategy At Its Capital Markets Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNokia Will Announce a Renewed Strategy At Its Capital Markets Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOK":"诺基亚"},"source_url":"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173461062","content_text":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.\nThe 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”\nA strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.\nProblems in Its Business Outlook\nThe company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:\n\n ”\n “Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.“\n\nManagement had better do something. Nokia has been having difficulties with its main business. According toReuters, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.\nReports surfaced in mid-2020 that Nokia was potentially going to lose a part of itsVerizon(NYSE:VZ) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.\nThe company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.\nLower Sales Forecast\nNevertheless, Nokia says it expects a second year of declining sales,according to theFinancial Times, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:\n\n “\n EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23“\n\nSo far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.\nNevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign againstHuawei, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.\nNo Dividend Won’t Help NOK Stock\nNokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:\n\n “\n Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.“\n\nThis was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:\n\n “\n However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “\n\nIn other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.\nDon’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.\nTherefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3797899,"gmtCreate":1615800235441,"gmtModify":1680780417406,"authorId":3555067011639600,"author":{"id":3555067011639600,"idStr":"3555067011639600","authorId":3555067011639600,"name":"TraderJo98","avatar":"https://static.tigerbbs.com/4b2fb6c4a2935a517c3b7b2963f0308e","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"80.86%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":1,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322605268,"type":1,"supId":0,"prevId":0,"content":"Indeed","text":"Indeed","html":"Indeed"}],"langContent":"EN"},{"id":322602777,"gmtCreate":1615799841399,"gmtModify":1704786652566,"author":{"id":"3571573518430699","authorId":"3571573518430699","name":"RBeaver","avatar":"https://static.tigerbbs.com/c8dfd9e9b5a26e0a8d752c4ae3fe2f57","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":0,"idStr":"3571573518430699","authorIdStr":"3571573518430699"},"htmlText":"Fantastic","listText":"Fantastic","text":"Fantastic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322602777","repostId":1173461062,"repostType":4,"repost":{"id":"1173461062","kind":"news","pubTimestamp":1615799449,"share":"https://ttm.financial/m/news/1173461062?lang=&edition=fundamental","pubTime":"2021-03-15 17:10","market":"us","language":"en","title":"Nokia Will Announce a Renewed Strategy At Its Capital Markets Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1173461062","media":"InvestorPlace","summary":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day e","content":"<p><b>Nokia</b>&nbsp;(NYSE:<b><u>NOK</u></b>) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.</p>\n<p>The 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”</p>\n<p>A strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.</p>\n<p>Problems in Its Business Outlook</p>\n<p>The company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:</p>\n<blockquote>\n ”\n <i>“Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.</i>“\n</blockquote>\n<p>Management had better do something. Nokia has been having difficulties with its main business. According to<i>Reuters</i>, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.</p>\n<p>Reports surfaced in mid-2020 that Nokia was potentially going to lose a part of its<b>Verizon</b>(NYSE:<b><u>VZ</u></b>) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.</p>\n<p>The company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.</p>\n<p><b>Lower Sales Forecast</b></p>\n<p>Nevertheless, Nokia says it expects a second year of declining sales,according to the<i>Financial Times</i>, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:</p>\n<blockquote>\n “\n <i>EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23</i>“\n</blockquote>\n<p>So far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.</p>\n<p>Nevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign against<b>Huawei</b>, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.</p>\n<p>No Dividend Won’t Help NOK Stock</p>\n<p>Nokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:</p>\n<blockquote>\n “\n <i>Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.</i>“\n</blockquote>\n<p>This was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:</p>\n<blockquote>\n “\n <i>However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “</i>\n</blockquote>\n<p>In other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.</p>\n<p>Don’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.</p>\n<p>Therefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nokia Will Announce a Renewed Strategy At Its Capital Markets Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNokia Will Announce a Renewed Strategy At Its Capital Markets Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOK":"诺基亚"},"source_url":"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173461062","content_text":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.\nThe 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”\nA strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.\nProblems in Its Business Outlook\nThe company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:\n\n ”\n “Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.“\n\nManagement had better do something. Nokia has been having difficulties with its main business. According toReuters, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.\nReports surfaced in mid-2020 that Nokia was potentially going to lose a part of itsVerizon(NYSE:VZ) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.\nThe company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.\nLower Sales Forecast\nNevertheless, Nokia says it expects a second year of declining sales,according to theFinancial Times, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:\n\n “\n EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23“\n\nSo far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.\nNevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign againstHuawei, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.\nNo Dividend Won’t Help NOK Stock\nNokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:\n\n “\n Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.“\n\nThis was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:\n\n “\n However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “\n\nIn other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.\nDon’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.\nTherefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322606496,"gmtCreate":1615799764015,"gmtModify":1704786650776,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"逢場作戲又一日","avatar":"https://community-static.tradeup.com/news/6a5fbf2ceb7c7ee0399d41e6348dadf7","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":1,"idStr":"3555043402922696","authorIdStr":"3555043402922696"},"htmlText":"Stilll alive. My friends [得意]&nbsp;","listText":"Stilll alive. My friends [得意]&nbsp;","text":"Stilll alive. My friends [得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322606496","repostId":1173461062,"repostType":4,"repost":{"id":"1173461062","kind":"news","pubTimestamp":1615799449,"share":"https://ttm.financial/m/news/1173461062?lang=&edition=fundamental","pubTime":"2021-03-15 17:10","market":"us","language":"en","title":"Nokia Will Announce a Renewed Strategy At Its Capital Markets Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1173461062","media":"InvestorPlace","summary":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day e","content":"<p><b>Nokia</b>&nbsp;(NYSE:<b><u>NOK</u></b>) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.</p>\n<p>The 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”</p>\n<p>A strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.</p>\n<p>Problems in Its Business Outlook</p>\n<p>The company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:</p>\n<blockquote>\n ”\n <i>“Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.</i>“\n</blockquote>\n<p>Management had better do something. Nokia has been having difficulties with its main business. According to<i>Reuters</i>, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.</p>\n<p>Reports surfaced in mid-2020 that Nokia was potentially going to lose a part of its<b>Verizon</b>(NYSE:<b><u>VZ</u></b>) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.</p>\n<p>The company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.</p>\n<p><b>Lower Sales Forecast</b></p>\n<p>Nevertheless, Nokia says it expects a second year of declining sales,according to the<i>Financial Times</i>, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:</p>\n<blockquote>\n “\n <i>EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23</i>“\n</blockquote>\n<p>So far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.</p>\n<p>Nevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign against<b>Huawei</b>, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.</p>\n<p>No Dividend Won’t Help NOK Stock</p>\n<p>Nokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:</p>\n<blockquote>\n “\n <i>Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.</i>“\n</blockquote>\n<p>This was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:</p>\n<blockquote>\n “\n <i>However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “</i>\n</blockquote>\n<p>In other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.</p>\n<p>Don’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.</p>\n<p>Therefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nokia Will Announce a Renewed Strategy At Its Capital Markets Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNokia Will Announce a Renewed Strategy At Its Capital Markets Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOK":"诺基亚"},"source_url":"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173461062","content_text":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.\nThe 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”\nA strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.\nProblems in Its Business Outlook\nThe company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:\n\n ”\n “Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.“\n\nManagement had better do something. Nokia has been having difficulties with its main business. According toReuters, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.\nReports surfaced in mid-2020 that Nokia was potentially going to lose a part of itsVerizon(NYSE:VZ) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.\nThe company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.\nLower Sales Forecast\nNevertheless, Nokia says it expects a second year of declining sales,according to theFinancial Times, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:\n\n “\n EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23“\n\nSo far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.\nNevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign againstHuawei, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.\nNo Dividend Won’t Help NOK Stock\nNokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:\n\n “\n Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.“\n\nThis was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:\n\n “\n However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “\n\nIn other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.\nDon’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.\nTherefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":322608006,"gmtCreate":1615799644005,"gmtModify":1704786648011,"author":{"id":"3550183889316931","authorId":"3550183889316931","name":"Joshosaurus","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":2,"crmLevelSwitch":1,"idStr":"3550183889316931","authorIdStr":"3550183889316931"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322608006","repostId":1173461062,"repostType":4,"repost":{"id":"1173461062","kind":"news","pubTimestamp":1615799449,"share":"https://ttm.financial/m/news/1173461062?lang=&edition=fundamental","pubTime":"2021-03-15 17:10","market":"us","language":"en","title":"Nokia Will Announce a Renewed Strategy At Its Capital Markets Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1173461062","media":"InvestorPlace","summary":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day e","content":"<p><b>Nokia</b>&nbsp;(NYSE:<b><u>NOK</u></b>) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.</p>\n<p>The 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”</p>\n<p>A strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.</p>\n<p>Problems in Its Business Outlook</p>\n<p>The company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:</p>\n<blockquote>\n ”\n <i>“Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.</i>“\n</blockquote>\n<p>Management had better do something. Nokia has been having difficulties with its main business. According to<i>Reuters</i>, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.</p>\n<p>Reports surfaced in mid-2020 that Nokia was potentially going to lose a part of its<b>Verizon</b>(NYSE:<b><u>VZ</u></b>) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.</p>\n<p>The company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.</p>\n<p><b>Lower Sales Forecast</b></p>\n<p>Nevertheless, Nokia says it expects a second year of declining sales,according to the<i>Financial Times</i>, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:</p>\n<blockquote>\n “\n <i>EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23</i>“\n</blockquote>\n<p>So far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.</p>\n<p>Nevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign against<b>Huawei</b>, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.</p>\n<p>No Dividend Won’t Help NOK Stock</p>\n<p>Nokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:</p>\n<blockquote>\n “\n <i>Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.</i>“\n</blockquote>\n<p>This was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:</p>\n<blockquote>\n “\n <i>However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “</i>\n</blockquote>\n<p>In other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.</p>\n<p>Don’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.</p>\n<p>Therefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nokia Will Announce a Renewed Strategy At Its Capital Markets Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNokia Will Announce a Renewed Strategy At Its Capital Markets Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOK":"诺基亚"},"source_url":"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173461062","content_text":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.\nThe 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”\nA strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.\nProblems in Its Business Outlook\nThe company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:\n\n ”\n “Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.“\n\nManagement had better do something. Nokia has been having difficulties with its main business. According toReuters, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.\nReports surfaced in mid-2020 that Nokia was potentially going to lose a part of itsVerizon(NYSE:VZ) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.\nThe company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.\nLower Sales Forecast\nNevertheless, Nokia says it expects a second year of declining sales,according to theFinancial Times, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:\n\n “\n EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23“\n\nSo far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.\nNevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign againstHuawei, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.\nNo Dividend Won’t Help NOK Stock\nNokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:\n\n “\n Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.“\n\nThis was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:\n\n “\n However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “\n\nIn other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.\nDon’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.\nTherefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322601615,"gmtCreate":1615799577937,"gmtModify":1704786646714,"author":{"id":"3566850909705069","authorId":"3566850909705069","name":"chiew","avatar":"https://static.tigerbbs.com/6a955817d8518ffedcf0489868ef4a98","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"idStr":"3566850909705069","authorIdStr":"3566850909705069"},"htmlText":"High?","listText":"High?","text":"High?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/322601615","repostId":1173461062,"repostType":4,"repost":{"id":"1173461062","kind":"news","pubTimestamp":1615799449,"share":"https://ttm.financial/m/news/1173461062?lang=&edition=fundamental","pubTime":"2021-03-15 17:10","market":"us","language":"en","title":"Nokia Will Announce a Renewed Strategy At Its Capital Markets Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1173461062","media":"InvestorPlace","summary":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day e","content":"<p><b>Nokia</b>&nbsp;(NYSE:<b><u>NOK</u></b>) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.</p>\n<p>The 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”</p>\n<p>A strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.</p>\n<p>Problems in Its Business Outlook</p>\n<p>The company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:</p>\n<blockquote>\n ”\n <i>“Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.</i>“\n</blockquote>\n<p>Management had better do something. Nokia has been having difficulties with its main business. According to<i>Reuters</i>, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.</p>\n<p>Reports surfaced in mid-2020 that Nokia was potentially going to lose a part of its<b>Verizon</b>(NYSE:<b><u>VZ</u></b>) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.</p>\n<p>The company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.</p>\n<p><b>Lower Sales Forecast</b></p>\n<p>Nevertheless, Nokia says it expects a second year of declining sales,according to the<i>Financial Times</i>, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:</p>\n<blockquote>\n “\n <i>EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23</i>“\n</blockquote>\n<p>So far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.</p>\n<p>Nevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign against<b>Huawei</b>, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.</p>\n<p>No Dividend Won’t Help NOK Stock</p>\n<p>Nokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:</p>\n<blockquote>\n “\n <i>Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.</i>“\n</blockquote>\n<p>This was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:</p>\n<blockquote>\n “\n <i>However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “</i>\n</blockquote>\n<p>In other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.</p>\n<p>Don’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.</p>\n<p>Therefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nokia Will Announce a Renewed Strategy At Its Capital Markets Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNokia Will Announce a Renewed Strategy At Its Capital Markets Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOK":"诺基亚"},"source_url":"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173461062","content_text":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.\nThe 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”\nA strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.\nProblems in Its Business Outlook\nThe company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:\n\n ”\n “Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.“\n\nManagement had better do something. Nokia has been having difficulties with its main business. According toReuters, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.\nReports surfaced in mid-2020 that Nokia was potentially going to lose a part of itsVerizon(NYSE:VZ) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.\nThe company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.\nLower Sales Forecast\nNevertheless, Nokia says it expects a second year of declining sales,according to theFinancial Times, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:\n\n “\n EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23“\n\nSo far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.\nNevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign againstHuawei, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.\nNo Dividend Won’t Help NOK Stock\nNokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:\n\n “\n Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.“\n\nThis was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:\n\n “\n However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “\n\nIn other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.\nDon’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.\nTherefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3797806,"gmtCreate":1615799652036,"gmtModify":1680780417517,"authorId":3577181668002271,"author":{"id":3577181668002271,"idStr":"3577181668002271","authorId":3577181668002271,"name":"Kaceace","avatar":"https://static.tigerbbs.com/d18b89625c850035e9c86a16c0a91612","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322601615,"type":1,"supId":0,"prevId":0,"content":"<u>yes</u>","text":"<u>yes</u>","html":"<u>yes</u>"}],"langContent":"EN"},{"id":322603483,"gmtCreate":1615799539242,"gmtModify":1704786645908,"author":{"id":"3562707747643111","authorId":"3562707747643111","name":"ValAly","avatar":"https://static.tigerbbs.com/9d97b7d80605b322b36bcb7e5b0dff4f","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3562707747643111","authorIdStr":"3562707747643111"},"htmlText":"Let’go up!!!&nbsp;","listText":"Let’go up!!!&nbsp;","text":"Let’go up!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/322603483","repostId":1173461062,"repostType":4,"repost":{"id":"1173461062","kind":"news","pubTimestamp":1615799449,"share":"https://ttm.financial/m/news/1173461062?lang=&edition=fundamental","pubTime":"2021-03-15 17:10","market":"us","language":"en","title":"Nokia Will Announce a Renewed Strategy At Its Capital Markets Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1173461062","media":"InvestorPlace","summary":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day e","content":"<p><b>Nokia</b>&nbsp;(NYSE:<b><u>NOK</u></b>) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.</p>\n<p>The 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”</p>\n<p>A strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.</p>\n<p>Problems in Its Business Outlook</p>\n<p>The company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:</p>\n<blockquote>\n ”\n <i>“Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.</i>“\n</blockquote>\n<p>Management had better do something. Nokia has been having difficulties with its main business. According to<i>Reuters</i>, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.</p>\n<p>Reports surfaced in mid-2020 that Nokia was potentially going to lose a part of its<b>Verizon</b>(NYSE:<b><u>VZ</u></b>) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.</p>\n<p>The company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.</p>\n<p><b>Lower Sales Forecast</b></p>\n<p>Nevertheless, Nokia says it expects a second year of declining sales,according to the<i>Financial Times</i>, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:</p>\n<blockquote>\n “\n <i>EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23</i>“\n</blockquote>\n<p>So far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.</p>\n<p>Nevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign against<b>Huawei</b>, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.</p>\n<p>No Dividend Won’t Help NOK Stock</p>\n<p>Nokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:</p>\n<blockquote>\n “\n <i>Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.</i>“\n</blockquote>\n<p>This was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:</p>\n<blockquote>\n “\n <i>However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “</i>\n</blockquote>\n<p>In other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.</p>\n<p>Don’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.</p>\n<p>Therefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nokia Will Announce a Renewed Strategy At Its Capital Markets Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNokia Will Announce a Renewed Strategy At Its Capital Markets Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NOK":"诺基亚"},"source_url":"https://investorplace.com/2021/03/nok-stock-wont-rise-without-sticking-to-a-new-dividend-policy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173461062","content_text":"Nokia (NYSE:NOK) plans to announcing some major changes on March 18 during its Capital Markets Day event. Let’s hope it comes up with something drastic that will help prevent NOK stock from its constant decline.\nThe 5G telecom system maker wants to make its strategy more focused and employ a “more rigorous approach to capital allocation.”\nA strategy change is in order. In the last month NOK stock is down 5% to less than $4 per share. Year-to-date the stock is about flat, up just 2%.\nProblems in Its Business Outlook\nThe company indicated in its recently released annual report that on March 18 it will announce a new strategy. On page 16 of the report the company said:\n\n ”\n “Rebalancing for Growth” will be replaced with a refreshed corporate strategy. This will be announced at Capital Markets Day on March 18, 2021.“\n\nManagement had better do something. Nokia has been having difficulties with its main business. According toReuters, the company said revenue at its mainstaynetworks business fell 7% to 5.04 billion euros ($6.05 billion). In addition growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products.\nReports surfaced in mid-2020 that Nokia was potentially going to lose a part of itsVerizon(NYSE:VZ) 5G contract. The company never confirmed this. But Nokia’s new CEO Pekka Lundmark told investors when its 2020 results were released, he expected they would lose market share in North America in 2021. In addition, he warned about price decreases.\nThe company has already reorganized into four main divisions and spent 2020 cutting costs. This has had significant results. AsI wrote last month, the company reported 1.356 billion EUR ($1.61 billion) in free cash flow for 2020. Most of that came in the second half and over half of it was during Q4.\nLower Sales Forecast\nNevertheless, Nokia says it expects a second year of declining sales,according to theFinancial Times, and a “significant decline” in its core mobile networks. Citing the company’s outlook section on page 6 of its Feb. 4 earnings press release, the FT said the company forecasts 21.8 EUR billion in sales vs. 21.9 EUR billion in 2020. However, the actual statementby the company is:\n\n “\n EUR 20.6 billion to EUR 21.8 billion, assuming continuation of 2020 year-end EUR/USD rate of 1.23“\n\nSo far this year, the EUR to USD exchange rate has shown dollar strength. It has risen from $1.21 at the beginning of the year to $1.19 now. This means that dollar revenue will translate into higher amounts of euros than forecast. Therefore, it is possible that in 2021 sales will not fall compared to 2020.\nNevertheless, the new CEO told the FT that “he was willing to sacrifice a little bit of profitability” in order to regain leadership in 5G technology. The FT said there was a logical question why Nokia had not won more 5G accounts, given the U.S.-led campaign againstHuawei, its Chinese competitor. The FT article implied that was why the CEO and chairman at Nokia were replaced.\nNo Dividend Won’t Help NOK Stock\nNokia cut its dividend in late 2019 and indicated it would restore itonce net cash was above 2 billion euros. On Feb. 5 management reported that its net cash and investments were now 2.485 billion euros. But it still declined to pay the dividend. Here is what Nokia’s president said onpage 2 of its Feb. 4 press release:\n\n “\n Regarding dividend, we are pleased with Nokia’s recent operational performance and satisfied that we have strengthened our cash position.“\n\nThis was some sort of attempt to recognize that it previously had said it would restore the dividend if net cash rose to 2 billion euros. But now there is a new hurdle:\n\n “\n However, with the focus on increased investments in 5G and strategic areas, while continuing to establish a track record of sustainable cash generation, the Board does not propose a dividend or dividend authorization for the financial year 2020. We intend to provide an update on our dividend policy latest at Capital Markets Day. “\n\nIn other words, now we have to wait until Capital Markets Day to find out when the company will pay a dividend, if ever.\nDon’t expect the stock to move higher until its dividend policy is clarified, once again … maybe. The company seems to be willing to make statements that it will not honor in relation to the dividend.\nTherefore, don’t expect the market to be very impressed on Capital Markets Day. Its actions will speak louder than words, at least in terms of the dividend.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3797801,"gmtCreate":1615799585709,"gmtModify":1680780417974,"authorId":3562707747643111,"author":{"id":3562707747643111,"idStr":"3562707747643111","authorId":3562707747643111,"name":"ValAly","avatar":"https://static.tigerbbs.com/9d97b7d80605b322b36bcb7e5b0dff4f","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322603483,"type":1,"supId":0,"prevId":0,"content":"Comment and like plsssss","text":"Comment and like plsssss","html":"Comment and like plsssss"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":36,"commentSize":20,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}