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ABGSC Construct. & Real Estate Research ... (+3)
  • ABGSC Construct. & Real Estate Research
  • Bengt Jonassen
  • Njål Kleiven

Profit potential about to emerge

Q1e: PTP NOK 251m - second highest Q1 profit in AFG's history. Earnings to double y-o-y in '24e. BUY, TP NOK 155 (145).

ABGSC Construct. & Real Estate Research ... (+3)
  • ABGSC Construct. & Real Estate Research
  • Bengt Jonassen
  • Njål Kleiven

Green flags from the project portfolio

Q1e: PTP NOK 2m vs. consensus NOK -16m. Loss-making revenue in the backlog the lowest in 9 years. DPS = EPS = 8-9% dividend yield.

ABGSC Construct. & Real Estate Research ... (+3)
  • ABGSC Construct. & Real Estate Research
  • Bengt Jonassen
  • Njål Kleiven

Diligence creates resilience

Q1e: EBITA of NOK 131m vs. consensus NOK 120m. Can add ~25% to EBIT through M&A. Trading at ~20% discount to Nordic peers. BUY.

Science Applications International Corp: 3 directors

Three Directors at Science Applications International Corp bought 3,895 shares at between 125.750USD and 126.040USD. The significance rating of the trade was 59/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the ...

Felix Fischer
  • Felix Fischer

Lucror Analytics - Morning Views Europe

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar. To request full and unrestricted access to Lucror’s research and analytics platform, please visit

ABGSC Construct. & Real Estate Research ... (+3)
  • ABGSC Construct. & Real Estate Research
  • Bengt Jonassen
  • Njål Kleiven

Preparing for more investments

NOK 100m cash inflow from swap reset. Last BEWI tranche accretive to existing shareholders. Implicit yield ~8%. BUY.

ABGSC Construct. & Real Estate Research ... (+3)
  • ABGSC Construct. & Real Estate Research
  • Bengt Jonassen
  • Njål Kleiven

A large step towards fixing its balance sheet

Small changes to estimates into report. Large long-term potential. BUY, TP of NOK 135.

ABGSC Construct. & Real Estate Research ... (+2)
  • ABGSC Construct. & Real Estate Research
  • Bengt Jonassen

Strong run but still cheap

Still outperforming expectations. Sees opportunities for larger acquisitions. BUY reiterated, TP NOK 250.

ABGSC Construct. & Real Estate Research ... (+3)
  • ABGSC Construct. & Real Estate Research
  • Bengt Jonassen
  • Njål Kleiven

Needs to provide margin confidence at CMU

Strong order activity - Q1e book-to-bill 2x. Restructuring of the Norwegian demolition business. CMU in conjunction with Q1'24 report on 23 May. BUY.

Smartsheet Inc : 1 director

A director at Smartsheet Inc sold 10,129 shares at 38.670USD and the significance rating of the trade was 58/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly...

BW Energy Limited: 1 director

A director at BW Energy Limited sold 32,647 shares at 28.550NOK and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clear...

 PRESS RELEASE

Ultra Lithium Provides Bi-Weekly Default Status Report

Ultra Lithium Provides Bi-Weekly Default Status Report VANCOUVER, British Columbia, April 16, 2024 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSXV: ULT OTCQB: ULTXF Frankfurt: QFB) (“Ultra Lithium” or the “Company”) is providing this bi-weekly default status report in accordance with National Policy 12-203 Management Cease Trade Orders (“NP 12-203”). On March 4, 2024, the Company announced that effective February 29, 2024 it has been granted a voluntary management cease trade order in accordance with NP 12-203 due to it not being able to file its annual financial statements and management’s ...

Moody's Ratings downgrades Greentown's ratings to B1; outlook negative...

穆迪投资者服务公司 1*请注意新闻稿之英文原版已于香港时间4月12日发放穆迪评级下调绿城的评级至B1;展望负面 香港,2024年4月12日—中文新闻稿为英文的翻译件。如有出入,以英文稿为准。穆迪评级已将绿城中国控股有限公司 (绿城) 的公司家族评级、有支持高级无抵押债务评级和高级无抵押债务评级从Ba3下调至B1。穆迪评级维持上述评级的负面展望。穆迪评级助理副总裁/分析师周易玮表示:“评级下调反映了我们预计绿城获得最大股东中国交通建设集团有限公司 (中交建集团) 特殊支持的可能性将下降,原因是中国房地产市场面临的持续挑战将可能削弱绿城对中交建集团的战略和经济价值。”支持力度下降的预期造成中交建集...

Moody's Ratings downgrades Greentown's ratings to B1; outlook negative

Moody's Ratings has downgraded the corporate family rating (CFR), backed senior unsecured rating, and senior unsecured rating of Greentown China Holdings Limited (Greentown) to B1 from Ba3. Moody's Ratings has maintained the negative outlook on the ratings. "The rating downgrade reflects our exp...

Walgreens Boots Alliance Inc: 1 director

A director at Walgreens Boots Alliance Inc maiden bought 3,000 shares at 18.050USD and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the l...

Atlassian Corp: 2 directors

Two Directors at Atlassian Corp sold 16,482 shares at between 207.363USD and 207.363USD. The significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the...

Datadog Inc: 1 director

A director at Datadog Inc sold 10,000 shares at 129.861USD and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sh...

Orapi: 1 director

A director at Orapi bought 4,512 shares at 6.500EUR and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing C...

Signet Jewelers Ltd: 1 director

A director at Signet Jewelers Ltd sold 10,000 shares at 101.242USD and the significance rating of the trade was 72/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cl...

Verint Systems Inc: 1 director

A director at Verint Systems Inc sold 5,274 shares at 31.170USD and the significance rating of the trade was 74/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clear...

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