Lion Copper And Gold Corp: 1 director

A director at Lion Copper And Gold Corp bought 233,910 shares at 0.120USD 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 y...

Norwegian Air Shuttle (Buy, TP: NOK15.00) - March traffic statistics

We consider this a slightly soft report for Norwegian Air Shuttle, with a slightly weaker load and yield for Norwegian Air only partly offset by strong performance from Widerøe. We expect consensus 2025e adj. EBITDA to come down by c1% on the back of the report and believe a neutral to slightly negative share price reaction is warranted.

March revenues 2.5% below

Group sales NOK 2.3bn, -2.5% vs us/cons on lower yield/load in NAS. Negative Easter effects, but April likely better - MTM EPS 25% above cons on lower fuel/weaker USD

Storebrand (Buy, TP: NOK149.00) - Strong start to the year

Fuelled by strong AUM growth within Savings, and the effects of several rounds of insurance repricing, we forecast a Q1 PTP (before amortisation) of NOK1,166m, ~8% stronger YOY. With the new NOK1.5bn buyback underway, the company is offering an attractive payout yield of 6–7%. We believe the stock is attractively valued at a 2026e P/E of c10x, when adjusting for the excess capital to be distributed. We reiterate our BUY, and have raised our target price to NOK149 (140).

More than just a dollar play

Norwegian Air Shuttle (Buy, TP: NOK15.00) - Tailwinds ahead

We expect Norwegian Air Shuttle to report a weak Q1, hit by high capacity growth and Easter timing effects. However, we find the outlook for the summer season increasingly encouraging, with healthy demand, low supply growth and a positive cost impact from a weaker USD. We reiterate our BUY and have raised our target price to NOK15 (13) on positive revisions.

Norwegian Air Shuttle (Buy, TP: NOK13.00) - February traffic statistic...

We consider this a neutral report for Norwegian Air Shuttle, including a yield in line with expectations on a marginally lower load and positive booking comments. We expect only minor changes to consensus 2025e adj. EBITDA and believe a neutral share price reaction is warranted.

Feb below, good booking momentum

Traffic stats for Feb: Group sales 2bn, -3.9% vs us / cons on lower yield in NAS. Outlook: Sees good booking momentum

Buying used aircraft: Pos EPS effect

Buying 10 Boeing aircraft - should lift clean '25 EPS by ~10%

Norwegian Air Shuttle (Buy, TP: NOK13.00) - February traffic statistic...

February’s traffic statistics are due at 08:00 CET on 6 March. We expect a continued soft yield trend on high ASK growth and a significant increase in the average sector distance. Nevertheless, we reiterate our BUY and NOK13 target price as we still find the valuation attractive, with the stock trading at a 2025e P/E of 7x.

Nordic non-life insurance – Q4 reporting wrap

Summer decides - game on

Norwegian Air Shuttle (Buy, TP: NOK13.00) - Time to tighten up

While Q4 adj. EBITDAR was above expectations, we see a slightly soft outlook for 2025, with stable bookings and a guidance of a single-digit CASK increase. We reiterate our BUY as we continue to find the stock attractively valued, but have lowered our target price to NOK13 (14) on negative estimate revisions.

Clearer capital repatriation path needed

Q4 as expected

Clean EBIT in-lien with cons.

Storebrand (Buy, TP: NOK140.00) - Strong repricing momentum

The insurance rebound continued to raise earnings, with PTP before amortisation up 61% YOY after a 15%-point improvement in the reported combined ratio. However, the performance was still hampered by elevated disability claims, and despite ~20% higher premiums YOY, the full effect from recent repricing measures has yet to be seen. We have reduced our 2025–2026e EPS by 2%, and reiterate our BUY and NOK140 target price.

It can better; but stock to reset down

Heads-up for Q4-report, 12 February

Norwegian Air Shuttle (Buy, TP: NOK14.00) - January traffic statistics

We consider this a neutral report for Norwegian Air Shuttle, including figures for Norwegian Air in line with expectations and Widerøe marginally below. We expect only minor changes to consensus 2025e adj. EBITDA and believe a neutral share price reaction is warranted.

Revenue for Jan as expeced

Group sales 1.98bn. 0% vs us (load 1pp below, yield 2% better)