Green investment company Saga Pure has retraced from the peak earlier in the month after strong performance in December, due to general profit taking and a subsequent offering subscription period.
Idea/ Triggers: * The subscription period ends January 27th. * Saga Pure has reacted well to DeMark exhaustion signals previously. * European buyers (Clearstream Banking Nominee acct) adding to on a daily basis in their pursuit for green investments. With regards to this being a trigger for potential continued price appreciation, look to the price appreciation in Norwegian hydrogen company NEL where the Clearstream Banking Nominee account is now the largest holder. * Portfolio company, Horisont Energi, will be listing on Euronext Growth soon and might be a potential trigger. The share prize has doubled in the grey market after a successful offering in December.
Risk factor: Overall market is stretched on valuation and positioning, and a general risk off event is likely to impact small-caps.
NB! The company has more than NOK 500 mnok in cash looking for investments, and would use a price depreciation to buy stakes at discounted prices.
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