Fit Investment Ideas

We have bought Circa shares and Norske Skog (owns 32% of Circa) based on the below article from SeekingAlpha: https://seekingalpha.com/article/4407578-gain-exposure-to-hot-scandinavian-ipo-circa-through-largest-shareholder-norske-skog Today, Pareto Securities published a research report titled A Potential Giant in the Chemical Industry. The price target is 30 NOK, 90% upside from today share price Pareto research summary is below: Founded in 2006,Continue reading “CIRCA – A potential giant in the chemical industry”

Summary of SpareBank research published today: We initiate coverage of Rana Gruber, a Norwegian iron ore producer with likely the world’s most environmentally friendly iron ore concentrate, with a Buy recommendation and target price NOK80/sh (~NOK3bn market cap). The company is generating super profit in the current market, and we estimate that it trades atContinue reading “Rana Gruber is selling at PE of 3.”

The IPO bonanza in the Nordics stopped for a pause. The maket did not take well the ACH listing. The IPO was launched at 18 NOK and within two days traded down to 12.5 NOK. It hammered Aker Horisons (AKH). AKH is down 50% in last few days. There is detail analysis of AKH sumContinue reading “TRADING OPPORTUNITIES IN SCANDINAVIA”

We bought a position in Rana Gruber yesterday and today. It went down in the US market sell off. The thesis is simple. Rana is now earning half of its market cap per year. If you believe that due to the reopening the current high Iron ore prices will prevail, than each year Rana willContinue reading “RANA GRUBER IS EARNING HALF OF ITS MARKET CAP PER YEAR”

NEXT Biometrics just made the below announcement. We went bullish on NEXT following the below SeekingAlpha article. We are long NEXT. As mentioned in the article, the share price could multiply from here. The company is presenting today detail at 14:00. Longin details below NEXT Biometrics Sales Wins Should Drive Revenues 400% Higher This YearContinue reading “NEXT just announced 5 year partnership with Europe Tech giant.”

Fearneley Securities published their research on Energy Recovery titled Sunny Days Ahead. Below is the Fearnley summary of the research. We are very bullish ERII. It is by far our largest position. The company has a technology, with which it succeeded in one industry and now they are trying to implement it into other industries.Continue reading “FEARNLEY DOUBLES PRICE TARGET ON ERII”

Huddly is IA conference call intelligent cameras and software. The company had its IPO to start trading two weeks ago. It is out of blackout period now, so the brokers in the IPO can publish reports. The company this morning reported their quarterly report. It reported its best quarter ever and provided strong guidance forContinue reading “Why I bought HUDDLY YESTERDAY”

Circa IPO – After the first day positive trading CIRCA shares are loosing steam today. This is happening on many Skandi IPO. It did happen to Renewcell for example. It stagnated for a few days and than rebounded. The next catalyst will be in two weeks time – the end of blackout period (period duringContinue reading “END OF BLACKOUT PERIOD TRADING”

I communicated with Norske Skog Investor Relations today. The cost of Norske Skog’s stake of Circa is around 60 mil NOK. NSKOG owns 31.65m Circa shares. Circa IPO values that stake today at around 600 mil NOK. That is about 6.4 NOK per share, up from 0,64 NOK per share. I hope that the brokersContinue reading “Circa is now 20% of NSKOG”

SUBSCRIBE TO THE BLOG TO GET NOTIFICATIONS BY EMAIL Pareto Securities today included Norske Skog into their core Norway portfolio with 10% weighting. They state: “We think NSKOG offers an attractive combination of solid cash flows from existing businesses, supporting growth opportunities from converting capacity and non-paper initiatives.” We like NSKOG for three reasons: ItContinue reading “buying norsked skog before circa ipo tomorrow”