Aker Horison (AKH) sold off together with the Scandinavian renewables sell off. The stock is down from 50 NOK to 30 NOK in four weeks. The company was hammered by the miss-priced IPO of Aker Clean Hydrogen (ACH). Pareto and ABG Sundal came with bullish reports on AKH today which drove the share price 8% up. Price targets are still 100% higher. If we would not have a large position in AKH, we would be buying at these levels.
One of our favorite stocks Biovica presented its quarterly numbers. The company has development an early diagnostics for cancer detection. The company has done multiple studies with the most prominent US hospitals (do look at the presentation for the list). The biomarker is now in the FDA approval process which should be completed in Q2/Q3. The number of successful studies from Mayo clinic and similar increase confidence in the case. The stock has sold off recently without any reason. We have doubled our stake during the last two weeks. It is a medium size position for us. If FDA approved the share price should reach triple digits. Expected this year.
The sell off in renewables might be stabilizing. Our favorite stocks worth your look are Norske Skog (transforming from paper into green packaging), MPC Energy Solutions and Circa. There are more information in older posts in this blog.
Next Biometrics – after the major client announcement last week the stock catapulted from 7 NOK to 10 NOK. We sold 25% of the postion above 10. We have bought the stake back below 9 NOK. Our target is 40 NOK. See the article on SeekingAlpha for the investment story based on Pareto analysis. More info on NEXT is in previous blog posts here.
Africa Energy Corp. announces that the Company’s President and CEO, Garrett Soden, will be presenting at the Pareto Securities Virtual E&P Independents Conference on Thursday, 25/3, at 11:10am CET.
The presentation will be available on Africa Energy’s website