Fit Investment Ideas

Finansavisen yesterday reported about a letter sent to the Mintra CEO Kevin Short by a shareholder asking for a buyback. Both the letter and the link to the article is below: Dear Kevin, We have been your loyal shareholder since the Mintra IPO and have bought additional shares in the market. We are writing toContinue reading “Finansavisen: Activist letter to Mintra asking for buyback”

TotalEnergies is proceeding with its production rights application. Total has applied for environmental authorization as part of the production right application for Block 11B/12B. It is a next step to production on the 11B/12B. Fearnley Securities note from today TotalEnergies has applied for environmental authorization as part of the production right application for Block 11B/12BContinue reading “Africa Energy – TotalEnergies Proceeds with Block 11B/12B – applied for environmental authorization”

This is the second installment of our best ideas for 2023. Mintra more than doubled this year, but is still 50% below its IPO price. Sparebank and Pareto analysts have Mintra as one of the top ideas. It is still one of the cheapest against peers, nicely profitable and cash generating, net cash positive, newContinue reading “Mintra – Top Idea for 2023 – Takeover Target Play”

Xbrane is a leading Swedish biosimilar with a 1.9 billion SEK market capitalization and 1.6 billion SEK enterprise value. Xbrane has an EU approval for launch of Ximluci, a Lucentis Biosimilar. The product lunch is scheduled for 1Q2023. Expect material re-rating as the sales come in. 3-4x times return candidate over 2 years horizon. Norweigan brokersContinue reading “Xbrane – Our Top Trade Idea for 2023/24”

Linkfire delivered strong report. It is down 90% since its IPO in 2020. Retail sold the stock on concerns about the capital raisings. The Linkfire recapitalisation happened last week. We have reached bottom, I believe. The company is delivering. One of our top ideas for 2023. Beating expectations across the line Linkfire reported a strongContinue reading “Pareto on Linkfire – Beating expectations across the line”

Africa Energy announced dry well on 2B prospect. Pareto: “The Gazania-1 exploration well was dry, lowering our risked valuation by SEK 0.5/share or ~10%. We find the ~40% negative share price reaction excessive.. The main value driver in Africa Energy remains progress on the development of its discovered resources on Block 11B/12B offshore South Africa.Continue reading “Pareto: Africa Energy spent USD 5m on the 2B compared to a negative valuation impact of USD 150m”

Norway introduced Salmon Tax, that would affect the whole Norwegian Salmon industry at the end of September. Share prices went down by 30-40%. The opposition attacked the measure. Minister of Finance is meeting the largest Salmon producers this Friday. The tax consultations are due to be completed by 4th January. Tax compromise is very likely.Continue reading “Broker Idea: Norwegian Salmon Tax Trade”

This has been a good quarter, and our business activities progressed as expected Main highlights: Saipem cooperation moving ahead – generated significant interest from major petrochemical companies Skive is moving forward with confidence Dubai Sunderland Kristianslund Esbjerg My take. Positive quarter. All projects are progressing well. Saipem is a big deal. It generated significant interestContinue reading “Quantafuel – Most important Quotes from the Webcast Today”

How to visit Skive I spoke to Quantafuel last week briefly. They said several things that they said before, but may not be fully reflected or understood by the market. I am posting below my interpretation of some of the comments. Quantafuel set up a page with videos from Skive. Basically short guided tour ofContinue reading “Quantafuel: “We are running at utilizations levels we never achieved before””

Fearnley Securities published an update on Africa Energy. Very bullish report. I enclose below my summary of their main points from the 18 page long research: From E To E&P In Global Hotspot Entering development in South Africa at Block 11B/12B and Block 2B. Drilling of Gazania-1 a major short-term trigger. A discovery could fastContinue reading “Fearnley Securities on Africa Energy – “92% upside to Price Target””