The 37 000 owners of a Lahti-based landline company have celebrated with hefty dividends – soon it will be over

Green landline — PHP Holding, a landline telephone company, has paid out generous dividends to its owners in recent years. The company has around 37 000 owners.

PHP Holding Ltd is about to be shut down. The company’s largest shareholder is Aurejärvi Holdings oy, backed by the Aurejärvi investor brothers.

The Lahti-based landline company PHP Holding is being wound down. The company has paid out large dividends to telephone shareholders in recent years. At best, they have reached more than a thousand euros per share per year.

The company will pay a dividend this year on its last share purchases. The dividend is likely to be proposed at the Annual General Meeting at around EUR 400 per share, or EUR 800 per share pair. The final dividend will be around €80 million.

The biggest pot goes to professional investors

PHP Holdings’ largest shareholder is Aurejärvi Holdins oy with over 22 300 shares. It is backed by professional investors, including the Aurejärvi brothers.

If the value of one share were 400 euros, the largest shareholder account will be almost EUR 9 million.

Aurejärvi has been losing profitable telephone company shares for years. For example, Finda owned a battle in 2017.

The Aurejärvi brothers’ investor group is still rushing much more return on Php Holdings shares. The company’s largest shareholders are also Rival Invest III Oy and Finda Oy, which play a significant role in Aurejärvi.

The reduction lasts three years

PHP Holding Oy no longer has business. In recent years, it has focused on distributing the company’s property to its owners.

The company’s shutdown takes about three years. At the start of the demolition, the company’s work and the Board of Directors will cease operations.

Ari Turunen says in the video that PHP has been urged to sell their property and share the money to the owners for many years.

Among the other major owners include pension companies, other investors and the Osuuskauppa Hämeenmaa. In addition, PHP Holdings are owned by the cities of Lahti and Heinola and the municipality of Hollola.

Ari Turunen estimates that different companies own about 60 % of the shares. The remaining shares are in the possession of small investors in Päijät -Häme.

There are about 37,000 owners.

The share was a coveted security

During the toughest dividend years, the PHP’s phone stock was paid huge amounts. The owners received bids from all over Finland.

There were attractive offers in the mailbox and the hardest buyers played in the hope of good shops.

Ari Turunen has been a good investment in PHP shares.

– The owners paid an average of € 400 for the shares. The dividends of recent years gave them a return of more than € 12,000.

The phone was a home value purchase

In the past years, the phone was not every home device. It was a luxury that not everyone had.

– So we got it in parts of the phone bill. Thus, it did not sting so hard at once. After all, I paid about FIM 500 for the share.

Man, Joel Virtanen, who has phone share books on the table. — Joel Virtanen has the old PHP share registers, which are now stored in electronic format.

Virtanen’s residential building has 54 apartments, of which ten came a telephone.

– Everything was installed at the same time. The first call was made for a neighbor. Hello, laughs Virtanen.

In the coming years, Virtanen bought more phone stocks when elderly relatives or acquaintances wanted to sell them.

– I always paid the price of the shares at that moment and I have not regretted.