Sparebank on Norske Skog (ticker NSKOG, listed in Oslo):
"If valued in line with peers, we argue that a fair share price is NOK closer to NOK100. Today it is NOK30."
" The effect of the closures and hence increased utilisation have according to our knowledge led to a material increase in prices for newsprint in Europe."
"Overall, we expect prices for NSKOG will increase 15% compared to Q2 2021 for Q4 2021 and around 8% in Q3 2021. From Q4 2021, with 15% price increase, flat RCP prices and higher gas prices, we expect NSKOG to deliver an annualised EBITDA close to NOK1bn"
"If valued in line with peers, we argue that a fair share price is NOK closer to NOK100. Today it is NOK30."
" The effect of the closures and hence increased utilisation have according to our knowledge led to a material increase in prices for newsprint in Europe."
"Overall, we expect prices for NSKOG will increase 15% compared to Q2 2021 for Q4 2021 and around 8% in Q3 2021. From Q4 2021, with 15% price increase, flat RCP prices and higher gas prices, we expect NSKOG to deliver an annualised EBITDA close to NOK1bn"
