Aksjeanalyser.com hit the ground running with its analysis of Magnora (MGN) about four months ago.
Aksjeanalyser.com, which provides comprehensive independent analysis services for investors in the Nordic region, has taken a closer look at one of its largest favorite shares on the Oslo Stock Exchange, Magnora ASA (MGN), and which Aksjeanalyser.com has long been very positive about.
Aksjeanalyser.com has for its members a 20 percent weighting in Magnora (MGN) in its model portfolio for Norway.
It should otherwise be mentioned that the undersigned (Bjørn Inge Pettersen) himself owns almost 20,000 shares in Magnora (MGN).
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Aksjeanalyser.com as of 31 December 2014, its model portfolio for Norway is up by a solid 101.45 per cent since the start of the model portfolio on 20/08/2018, while the Oslo Stock Exchange (OSEBX) since 20/08/2018 and until today is up by only modest 8.65 percent.
Before you read Aksjeanalyser.com its updated technical analysis of Magnora (MGN) below in the case here, it is recommended to hear and look at a very interesting company presentation under the auspices of Nordnet and of the company Magnora ASA (ticker on the Oslo Stock Exchange: MGN), Monday 11 January 2020.
This presentation provides a very good insight into and understanding of the company Magnora ASA (MGN) and their business and plans for the future:
On the owner side of the company, Christen Sveeas and his investment company Kistefos are the largest owner with around 21 percent.
Further on the company’s shareholder list of the largest shareholders we find Simen Thorsen, known from Solon Eiendom, the Nille heirs in the Aarskog Pettersen family, the Andenæs family, Edvin Austbø and MP Pensjon (who manage the pensions in Tine, Fjordland and Diplom-Is).
Aksjeanalyser.com has been very positive about the company and the share Magnora (MGN) for some time now, and had, for example, here on 20 / 08-2020 a positive analysis of the stock. Here, Aksjeanalyser.com wrote the following about the share:
Perhaps the least known “green share” on the Oslo Stock Exchange is perhaps the most exciting in the time ahead. The stock has the potential to double at record speed. Aksjeanalyser.com sees a potential for Magnora (MGN) up to NOK 18.00 – 24.00 in usually only 3-6 months, and often all the way up to NOK 40.00 – 50.00 in 1-3 years.
At that time 20 / 08-2020, the Magnora share (MGN) was around NOK 12.00, while today it is around NOK 24.00. So Aksjeanalyser.com hit innertier with its analysis at the time of Magnora (MGN), and has today looked more closely at this exciting and interesting stock and company, Magnora ASA (ticker on the Oslo Stock Exchange: MGN).
Aksjeanalyser.com still sees a very large upside for the stock, and Aksjeanalyser.com is not alone in believing this. Here is some information about an analysis of Magnora (MGN) provided by Fearnley Securities recently on 09/12/2020:
09.12.2020, 07:51 TDN Finans
MGN: FEARNLEY SECURITIES TAKES COVERAGE OF PURCHASES AND PRICE TARGETS 40
Oslo (TDN Direkt): Fearnley Securities raises coverage on Magnora with a buy recommendation and a price target of NOK 40 per share.
It appears from an analysis from the brokerage house on Tuesday 09 / 12-2020.
Fearnley highlights Magnora’s strategic focus on early-stage renewable projects, and points out that this strategy has the potential to deliver cash multiples of over 15 times. This, together with the company’s capital-light model, means that the brokerage highlights Magnora as a clear buying candidate.
Source: Infront TDN Direct
Magnora ASA (ticker on the Oslo Stock Exchange: MGN)
Magnora launched its focus on wind power in February this year following a thorough strategy process lasting throughout 2019. During 2019, the company recruited a new management team and engaged two senior executives to facilitate an entry into the wind market and to develop wind projects in Northern Europe. We believe in maintaining a lean operating model, which is reflected in our small team of ten individuals, with our corporate management team of four, and each of the portfolio organisations with teams of three. Together with our active board of three, we are able to execute our strategy efficiently to build an asset light green investment portfolio. Our team brings decades of experience with proven operating and project execution models, which is leveraged as we support our portfolio companies to build a presence within the wind power industry.
Magnora is listed on the Oslo Stock Exchange’s main list and has more than 6 000 shareholders. The company has no debt and has two license agreements that provides significant license revenues over the next years. The majority owner of Magnora is Kistefos with approximately 21% ownership, and together with several well-known investors, they support the company’s green initiative.
Magnora’s strategy is to develop wind projects in Norway and abroad from early phase greenfield to ready-to build.
OUR VISION
We are investing in companies and projects to be a part of the development of the renewable energy solutions that will deliver clean energy to industries and consumers. Our aim is to be an international investor and contributor in this market.
MISSION STATEMENT
We invest in renewable and clean energy built in a sustainable way.
OUR VALUES
Our People are our most valuable asset and we succeed through their growth and achievements. We build trust and long-term value by making integrity a part of everything we do. We strive for operational excellence through continuous improvement and removal of waste in our processes
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Here are some useful links for more information about the company and such as: share price, news about the company, financial information, key figures, accounts, financial calendar, profit reports etc.
Website Investor Relations Oslo Stock Exchange Nordnet Morningstar
[Oppdatert analyse den, 12.01.2021]:
Technical Analysis of Magnora ASA (ticker on the Oslo Stock Exchange: MGN)
Magnora ASA (ticker on the Oslo Stock Exchange: MGN), one of Aksjeanalyser.com their favorite shares for a long time on the Oslo Stock Exchange, shows a strong development within both a short-term and long-term rising trend (cf. day and weekly chart).
After consolidating and correcting something down in the very short picture, the share can now be at a very favorable level to buy the share at and down towards a significant technical support level around the current level.
The share finds significant technical support here around the NOK 23.00 level, and where there is also support now at a 50-day moving average.
The stock is above both the 50-day and 200-day moving averages, and the 50-day moving average is above the 200-day moving average.
This helps to confirm that both the short-term and long-term trend for the stock is positive.
There is now limited technical resistance for further rise for the Magnora share, and the next technical resistance level for the share is now up to the upper trend line in the rising trend, around NOK 40.00 – 50.00 in as short a time as just the next 3-6 months. .
Aksjeanalyser.com its own technical and quantitative analysis model, SignalListen, is also in the buy signal for the Magnora share, as it has been now since the share was around NOK 10.00 in July 2020 (cf. diagram ‘SignalListen’).
Various momentum indicators such as RSI and Stochastics indicate an oversold situation for the stock after the most recent correction down, and signal that a new turn up for the stock is now imminent.
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Based on the overall very positive technical picture for Magnora (MGN) so repeats today Aksjeanalyser.com their previous positive analyzes of the share, and with a price target for the share at NOK 40.00 – 50.00 in 3-6 months term. In the 12-month term, Aksjeanalyser.com considers the Magnora share to have a potential of up to NOK 60.00 – 70.00.
What could possibly change the currently very positive technical picture for Magnora (MGN) will be if the share breaks down below the 50-day moving average and below the NOK 20.00 level.
As the overall very positive technical picture for Magnora (MGN) is today, a further rise for the share is signaled, both in the short and long term.
Aksjeanalyser.com has a 20 percent weighting in Magnora (MGN) in its model portfolio for Norway, and thus envisages a potential for the share up to NOK 40.00 – 50.00 in 3-6 months’ time.
Now the stock market year 2020 is just over, and Aksjeanalyser.com thoroughly beat the Oslo Stock Exchange (OSEBX) again with its model portfolio for Norway, which ended in 2020 with a very solid return of as much as 55.13 per cent, while the Oslo Stock Exchange (OSEBX) in 2020 ended up far more modest and only 4.56 per cent in 2020.
In 2019 had Aksjeanalyser.com with its model portfolio for Norway a return of a solid 40.57 percent, while the benchmark index Oslo Børs Benchmark index (OSEBX) in 2019 was up 16.98 percent.
Since the start of the model portfolio for Norway on 20 / 08-2018, the model portfolio as of 30 / 12-2020 is up by a solid 101.45 percent, while the Oslo Stock Exchange (OSEBX) since 20 / 08-2018 and until today is up with only modest 8.65 percent.
Technical Analysis of Magnora ASA (ticker on the Oslo Stock Exchange: MGN):
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Source: Nettavisen by www.nettavisen.no.
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