Volatility on the Oslo Stock Exchange – Biotech stocks up 110 per cent: – Greater fundamental values

Volatility on the Oslo Stock Exchange – Biotech stocks up 110 per cent: – Greater fundamental values

– The sale of PatientSky has now confirmed our thesis that there are greater core values ​​in the company, says Arctic Securities analyst Kristian Spitalen.

Keep falling

Scandinavian mining It fell 68.6 percent on Friday after a dumping case in which the old owners were kicked out of the company. On Monday, the stake continued to drop by 17.2 percent to 64 euros per share. stock.

– Of course we should have been without such a big discount, Nordic Minings CEO Ivar Fossum commented to Finansavisen before the weekend.

There is also suspected short trading in the stock.

– The rule is that the shares must be in the account. Otherwise, it’s a short sale, which isn’t allowed, Nordea investment manager Robert Ness tells Finansavisen.

Sector report on the rig

It’s been good to be a rig investor this past year. Shelf digging – The share rose, for example, from NOK 6 to more than NOK 30 last year. But Arctic analyst Sebastian Grindheim thinks the stock will go much further.

Grindheim increases the price target for the rig stake from 35 kroner to 55 NOK, thus predicting a nearly doubling of the share price. The stock rose 6.2 percent on Monday.

See more stock advice here.

movements

Hunter group and DNV are in collaboration to develop a shipping solution for carbon capture and storage. The stock ended up 10 percent to 17 øre.

Norwegian Monday morning came with traffic numbers. 1.2 million passengers were carried in February, an increase of 83 percent over February last year. The stock rose 2.8 percent.

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“RPK, cabin factor and yield were above our expectations and there were strong comments on the outlook for the summer. We expect a positive 3-5 percent revision in the consensus for 2023 ebitda,” DNB Markets wrote in an update, which has a NOK 16 price target. on norwegian.

Also in terms of estimates for Pareto Securities, the movement numbers were generally better than expected, giving wiggle room to the first-quarter estimates.

“For March, we expect capacity to increase from the seasonal low in January-February, while the cabin factor may decline before the Easter holidays. However, the Norwegian company continues to improve operations, and passenger demand remains strong,” he writes. Pareto, and reiterates the NOK 15 target price.

PGS He now goes to the bond market to refinance billion dollar debts. It will be a four-year secured bond loan of approximately NOK 4.7 billion. Seismic stock rose 2.8 percent.

sea ​​groups Hav Hydrogen subsidiary Hav Hydrogen will begin production of Zero Emission Pod containers in the second half of the year after receiving approval in principle from DNV. The stock closed up 13.4 percent on the news.

Dalila Awolowo

Dalila Awolowo

"Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff."

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