Our investments
Crayon is Headquartered in Oslo, Norway, with about 4.000 employees in 46 countries, they are a value added reseller of vendor licenses from companies such as Microsoft, as well as a IT consulting firm.
Hvaler Invest invited their followers, friends, and other investor for a presentation about one of our biggest investments, Crayon Group Holding. In this presentation we invited Petter Kongslie from Sparebank1 Markets to participate with his analysis and thoughts. We also had an Q & A round.
Read Hvaler Invest Q4 Preview on Crayon- “Ready for take off”- 06.02.24
Protector Forsikring- 12 month target price 292 NOK
Protector Forsikring is a Nordic P&C Insurance Company with a solid growth opportunity after entering UK in 2016. Sverre Bjerkeli was co-founder of the company in 2004 and worked as CEO in 15 years until he left in 2021.
Read Sverre’s one pager on PROT by pressing the links bellow. The one pager will be updated every quarter.
20% CAGR return next 3 years (05.10.21)
CR 82,9% in Q3 (05.01.22)
2021 Eps 15 NOK and price increases again (28.02.22)
Slightly weak Q1 (13.05.22)
Fair value 200, 150 before Christmas (26.06.22)
I was right again:) (19.08.22)
Analysts speaking Pre Q3 (08.10.22)
Wow, it´s moving fast (06.11.22)
Wow, 62% growth and running yield 6.0 % (16.01.23)
Post Q4- Analyst Evaluation 03.03.23
New target price! 238 NOK- 04.03.23
Outstanding on volume and investments - 26.04.23
40% growth to 10 Bill NOK in 2023- 01.05.23
Growth goes from 15% to 40% in 2023- 04.05.23
New target 271 driven by 41% growth - 31.05.23
Protector Q2 preview- Very strong on “Big 3”- 06.07.23
25,8% growth and combined ratio 87,1 – target price 264 (down from 271 pre Q1)- 18.10.23
All eyes on 2024 after a great 2023 with 40% growth- TP 280- 19.01.24
Q1 2024 estimates and full year 2024 view TP 292- 17.04.24
Another very strong year is easy to read out from Q1 and April 1st UK update 🔥- Flash after Q1 2024- 25.04.24
B3 Consulting group is a Swedish Consultant company in the IT sector with a strong growth story.
This is one of our biggest investments. Sverre Bjerkeli is the chairman of B3 Consulting Group.
WEBSTEP
Webstep is a Norwegian consultant company in the IT sector in Norway. Read more about WSTEP here.
David Bjerkeli is a board member in Webstep.
Other Investments
On our prospect list at the moment we do have less than 10 other companies. They are typically companies suggested by people we know to be very competent value investors.