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ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Henrik Bartnes
  • Petter Nystrøm

June 5% better

Group sales NOK 3.9bn, +4.9% vs us and cons on better yield/ load

ABGSC Construct. & Real Estate Research ... (+3)
  • ABGSC Construct. & Real Estate Research
  • Fredrik Stensved
  • Oscar Lindquist
ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Henrik Bartnes
  • Petter Nystrøm
ABGSC Shipping & Transport Research ... (+2)
  • ABGSC Shipping & Transport Research
  • Petter Nystrøm

May as expeced

Group sales NOK 3.1bn, spot on us and cons (NAS 0.1% better, Widerøe 2% below)

NRC Group ASA: 1 director

A director at NRC Group ASA bought 120,000 shares at 6.000NOK 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 clearly...

ABGSC Construct. & Real Estate Research ... (+3)
  • ABGSC Construct. & Real Estate Research
  • Åsne Holsen
  • Bengt Jonassen
ABGSC Construct. & Real Estate Research ... (+3)
  • ABGSC Construct. & Real Estate Research
  • Fredrik Stensved
  • Oscar Lindquist
ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Henrik Bartnes
  • Petter Nystrøm
ABGSC Construct. & Real Estate Research ... (+3)
  • ABGSC Construct. & Real Estate Research
  • Åsne Holsen
  • Bengt Jonassen
ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Henrik Bartnes
  • Petter Nystrøm

Great deal - bond buyback

NAS calls the convertible bond and contemplates a 50% buyback. Pos: Reduced share overhang + nr of shares down ~7%.

Ole Martin Westgaard
  • Ole Martin Westgaard

Norwegian Air Shuttle (Buy, TP: NOK16.00) - Positive 2025 outlook

While underlying Q1 results were weaker than we expected, we still see a positive outlook for 2025, with solid bookings, a narrowed CASK guidance supported by a NOK1bn profit improvement programme by 2026, FX, and fuel tailwinds. We reiterate our BUY, but have cut our target price to NOK16 (17) on estimate reductions.

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