All Danish Share – the Grand Remaining:
After taking a look at all 175 Danish firms, it’s time to consolidate. From the 175 firms, general 34 made it onto the preliminary watch checklist which appears to be like as follows:
The brilliant inexperienced marked firms, Rockwool, Royal Unibrew and Photo voltaic already made it into the portfolio. Those that I shaded mild inexperienced can be my further “High Ten Danish shares to observe” going ahead. Right here a fast abstract why I selected them:
- AP Moeller Maersk: A at the moment absurdly low-cost inventory (P/E of 1) however with predictable decelerate in earnings. Nonetheless a really nicely run firm and for my part the clearest solution to Decarbonization for any massive transport firm.
- Alm. Model: A probably attention-grabbing consolidation story in P&C insurance coverage. Nordic P&C insurance coverage may be very worthwhile and in the event that they execute their synergy plan, the inventory could be low-cost.
- Brdr. A&O Johansen: Low-cost however attention-grabbing distribution firm, peer to Photo voltaic.
- Demant: Listening to support specialist that hasn’t been so low-cost as it’s now for a very long time. Listening to aids appears to be a long run secure and rising enterprise.
- GN Retailer Nord: Audio merchandise (Jabra) and listening to provides. Profited kind Covid Residence workplace wave
- Netcompany: quick rising Nordic IT service firm with some points these days. However on the whole an inteesting play, one thing like a bigger Model of Bouvet.
- North Media: Deep worth play with some attention-grabbing belongings
- Orsted: Main Renewable Vitality / Off shore firm.
- SimCorp: Established Software program firm remodeling from license to SaaS
- Vestas: “Finest of sophistication” Wind Turbine maker. In some unspecified time in the future in time they need to have the ability to earn a living.
This choice just isn’t “scientific” however rather more a “intestine feeling”. I’ll attempt to observe these 10 firms somewhat bit nearer than my “massive” watch checklist for the following months to come back.
So which nation to deal with subsequent ?
One commentator proposed Belgium, France or Norway as the following nation. Funnily sufficient, these three nations have been truly my prime 3 candidates. I lastly determined for ….. NORWAY !!!
Why ? First, as a result of I have already got 2 Norwegian shares within the portfolio (Bouvet, Aker Horizon). Secondly, as I believe that Vitality can be one of many massive themes going ahead, Norway as a rustic appears to be like like being on the forefront of the Vitality transition, so I’d discover some attention-grabbing gamers there.
In line with Euronext, Norway has 282 listed shares, so it would take somewhat bit longer than the Danish collection. I’ll attempt to deal with them in batches of 15 every. Their also needs to be plenty of transport (which I don’t like) and fish.
Keep tuned !!!