Fit Investment Ideas

Sparebank believes the Norske Skog share price should be three times higher. NSKOG is my favorite restructuring play. NSKOG has four levers for share price growth: it is very cheap vs its peers – see below Sparebank: “if valued in line with peers, we argue that a fair price is closer to NOK 100” itsContinue reading “Sparebank on Norske Skog – Newsprint prices up 15%-20%. Share priced did not move, yet”

ABG Sundal Collier just issued their update on Biovica. I include the full report below. Very bullish There are two major points in the research: During the quarter, the company has interacted with theFDA and undergone a Submission Issue Request (SIR) process . This isa routine way for the FDA to resolve or clarify minorContinue reading “ABG Sundal on Biovica: “Closing on the finish Line””

Hofseth BioCare (Oslo: HBC) is a Norway-based company engaged in processing marine raw materials into products to enhance global health. Two years ago the company initiated its transformation. The road map to value creation is simple: In the first stage, move from low-margin animal feed towards high-margin finished products for pet and human-grade nutraceutical products available atContinue reading “Hofseth Biocare – the transformational deal with Garden of Life launched”

Pareto published their strategic portfolio for September for Norway and Sweden. Below is the summary. Pareto´s Norway Portfolio US indices ended close to new all-time highs in August. Our portfolio wasno different, returning 4.8% m/m – a 4.1 pp outperformance to OSEBXreturning 0.7% last month. We remain ahead of the index for the yearhaving returnedContinue reading “Pareto portfolio for September”

I had a privilege to speak to Quantafuel management for one hour after the webcast yesterday. The information was quite reassuring. Below is my summary of the interactive meeting. How certain are we that the modifications in Q4 would be sufficient The company has been testing and resolving issues during the last months. Many issuesContinue reading “Quantafuel – minutes of my meeting with QFUEL management”

Last year brought too many IPOs. As a result many good companies underperformed and this created an attractive opportunity. I like and I am long the below two IPOs from last year that are still trading below their IPO prices. Both reported today. I copy the summary of the Fearnley research on those. Both hadContinue reading “MPCES and HAV – Norway Green stocks beating expectations”

When Kjetil Bøhn resigned as Quantafuel CEO, he announced that he wants to focus on his next ventures. The share price is 27 NOK, Fearnley price target is 90 NOK. Significant upside. This is one of Kjetil’s most valuable investments. I spoke to the CFO and she confirmed they talk to Kjetil. I spoke directlyContinue reading “Kjetil Bøhn (Ex CEO of Quantafuel) next venture”

Linkfire reported strong results yesterday. I had a call with the management, that covered issues that were not clear from the Q2 report. I only discuss the issues not covered by Pareto research, that I also enclose below. The call summary is below: M&A transaction could happen very soon During the IPO the management mentionedContinue reading “Minutes of the call with Linkfire management”

Pareto summary on the results: On the right track in its growth journey Net sales and gross profit Linkfire reported net sales of DKK 7.6m vs PAS at DKK 7.6m Net sales figure corresponds to total y/y growth of 42% (52% y/y on a constant currency basis) Main sales growth driver continues to be commission-based revenue, growingContinue reading “Linkfire Q2: strOng growth continues”