With a delay of some calendar days towards the unique 2023 12 months finish goal, I’m very comfortable to conclude the “All Norwegian Shares” collection with the ultimate “High 20” Watchlist.
Total, I used to be one way or the other just a little bit underwhelmed by the Norwegian inventory market, not less than it doesn’t provide that a lot of what I’m fascinated with.
From the 270+ shares, there’s a giant share of what I’d name “listed early stage VC firms” which have been IPOed within the final 3 years. These firms have usually little gross sales and little money left however excessive losses. If you happen to choose the proper one, one may make a bundle, however most of them will disappear out of business ultimately. This isn’t my sport. Then there are one thing like 40 totally different Sparebanken, many Transport firms and Fish farmers which have enterprise fashions the place I’m not 100% comfy both.
I nonetheless managed to gather 20 shares that I discover value watching going ahead, In distinction to as an example the “All Swiss” collection I didn’t discover any firm that I felt the urge to immediately make investments into (moreover my portfolio holding Bouvet).
Ultimate High 20 Watch listing
With out additional intro, listed below are the 20 shares that I made a decision are value watching going ahead (on prime of my portfolio holding Bouvet ASA):
If you happen to ask me what the scientific foundation behind the choice is, I don’t have a great reply. The ultimate sele ction was a really subjective stroll via.With “Deep Worth Driller” I truly chosen a inventory that I initially placed on “cross”.
So what’s subsequent ?
As I’ve teasered a possible new taregt nation a few time, once more with little Intro my subsequent goal: Belgium.
Why Belgium ? The reason being easy: Over the previous 13 years, I coated numerous Belgian firms and I used to be all the time shocked, how such a small, unspectacular nation can create so many fascinating firms. There are loads of firms that I needed to take a look at anyway or once more, so Belgium will probably be. By way of the three related segments (Euronext, Progress, skilled makret) Belgium has round 215 firms, which I believe is a practical goal to complete in 2024. For the “Skilled Market” nonetheless, there appears little data accessible, so let’s see ho that may work.
