Performance review, portfolio update & more
Roughly one year ago, I launched Nordic Edge to share my investing ideas and connect with like-minded people.
Nordic Edge
Actionable insights and alpha-generating opportunities in the Nordics.
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Latest posts
Ripe for activism #2: GN Store Nord (GN)
Note: I was in the last innings of this write-up but didn’t manage to get it shipped before GN Store Nord announced their sale of the Hearing division to Amplifon this morning… I have decided to share the work regardless - and with some impurities.
United International Enterprises (UIE) FY2025 Earnings Review
NOTE: This update serves as a follow-up to the initial write-up.
Better Collective (BETCO) Q4-2025 Earnings Review
NOTE: This update serves as a follow-up to the initial write-up.
Vend Marketplaces (VEND) Q4-2025 Earnings Review
NOTE: This update serves as a follow-up to the initial write-up.
Swedish Orphan Biovitrum (SOBI) Q4-2025 Earnings Review
NOTE: This update serves as a follow-up to the initial write-up.
Loomis AB (LOOMIS) Q4-2025 Earnings Review
NOTE: This update serves as a follow-up to the initial write-up.
Ripe for activism #1: Bavarian Nordic (BAVA)
The Nordic region is fertile ground for activists, and laws are among the most “pro-minority” you can find. Yes, the shareholder base is often quite concentrated and thus perceived as less inviting for activism - but that’s not always the case. I could come up with a long list of companies that could credibly be targeted by activists. Yet, for some reason it rarely happens.
United International Enterprises (UIE): Danish history in Southeast Asia trading at ~30% discount to NAV
The company covered today, United International Enterprise (“UIE”) (CPSE:UIE), is a Denmark-based holding company whose core value is derived from United Plantations (“UP”) (KLSE:UTDPLT) - a vertically integrated palm oil producer in Southeast Asia, with unmatched operating efficiency and environmental leadership - two attributes that rarely coexist. Beyond its controlling stake in UP, UIE has…
A handful of Danish special situations worth monitoring
Markets often feel like a newswire in a windstorm. Yet, if you manage to shut out the noise, you occasionally catch something interesting. In this post, I share my thinking on a few such cases in Denmark.