Link at target price 58,0 NOK based on a weighted DCF scenario 💪

After the post-Covid peak of 60,5 NOK (all time high)📈, the company faced a difficult U.S. acquisition and other challenges, sending the share price down to 6,75 NOK📉. Since then, profitability has improved and debt has fallen, driving a strong recovery.

Today, the company is again on track toward all-time highs, supported by both organic and inorganic growth💰. Opportunities like this are rare on the Oslo Stock Exchange, which is why we have increased our holding to 3.750.000 shares — one of our largest positions🐂.

We’ve completed a new analysis, and our confidence has grown as the work progressed😃Our estimates result in EPS growing by x7 in four years! Take a look and form your own view.

👉 Link to the full analysis

On Friday, Nov 28th, Link sent an update regarding the transaction with SMS Portal, stating that the deal has passed government approval, as expected. 

Best regards,
David and Sverre

 

Hvaler Invest AS
Lillestrøm, Norway
01.12.25

Disclaimer:
Hvaler Invest is a significant shareholder so you cannot trust us (or perhaps you can?)