Atlantic Sapphire (Buy, TP: NOK150.00) - Mortality, refinancing, insiders buying
Atlantic Sapphire took a nosedive during the coronavirus-related market sell-off and a further tumble after revealing a mortality event at the Danish R&D facility. The company also announced it is in advanced financing discussions, after which three primary insiders acquired 118,200 shares. We have trimmed our short-term estimates on four months of lost harvest (guided), but we reiterate our BUY and NOK150 target price.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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