MHH-investments

Money lover | Value Investor |buying the hated, the boring, and the 'dead'—companies the market has written off | 23

[MHH-investments @HamilcarInvests]

$HAV (1) Salg av NES er uungåelig. I des 2024 utstedte Havila Finans (HAVFI) et 2-årig obligasjonslån på 525M. Pengene ble lånt videre internt for å innfri restruktureringsgjeld i Havila Shipping (HAVI).

[MHH-investments @HamilcarInvests]

@ovniparis75 @NoussourTN Ayari would do damage to the defense!

[MHH-investments @HamilcarInvests]

@NoussourTN Ayari would to damage to the Austrian defense now

[MHH-investments @HamilcarInvests]

@ovniparis75 @NoussourTN Hopefully Elloumi comes in, I would have loved to see Ben Farhat in this team as well.

[MHH-investments @HamilcarInvests]

@blaugrana189928 @wickatib @Mateus_FCP Not better than yours, no. But it should be at least mid and on the lower level. You should be above Mexico.

[MHH-investments @HamilcarInvests]

@blaugrana189928 @wickatib @Mateus_FCP I think it is pretty solid for a country of 11 million. Unfortunately, we don’t give birth to 11 children like you Algerians and Moroccans do in Europe. If we had done so our team would be better of course

[MHH-investments @HamilcarInvests]

@wickatib @Mateus_FCP Skhiri, Khedira and Hannibal.

[MHH-investments @HamilcarInvests]

@rig_analytics @chraskalj What do you expect from people investing in this shit?

[MHH-investments @HamilcarInvests]

@navleloe Du mener vel at du støtter kampen mot barnekreft?

[MHH-investments @HamilcarInvests]

@Norwegian_D Høres bra ut det!

[MHH-investments @HamilcarInvests]

@Norwegian_D Så blir spørsmålet hvorfor tror jeg på salg? (1) Sævik (største aksjonær) har utestående obligasjonslån som forfaller 30.12.26. (2) Andre segmenter i selskapet brenner cash (3) Øystein Barmen stemt inn for å frigjøre mye verdi i selskapet (4) samme rådgivere involvert som i SEAM

[MHH-investments @HamilcarInvests]

@Norwegian_D Fått sett noe mer på caset? Leverte fine tall igår, spesielt NES. Tidligere har utregningen tatt i bruk 85MNOK i annualisert EBIT. NES leverte 23.3MNOK i EBIT i Q1, annualisert er det 96MNOK. Rimelig å forvente alt fra 90-110MNOK. Med andre ord, høyere potensiell oppside!

[MHH-investments @HamilcarInvests]

@SebKrog Catalyst triggers: Main shareholder Sævik has NOK 525M bond maturing 30.12.26 with no refinancing path. HAV Design and Greentech both EBIT negative – conglomerate makes zero sense. Barmen just joined the board: "my goal is to realize full value." Same advisors ran the SEAM deal.

[MHH-investments @HamilcarInvests]

@SebKrog Not a french stock, but a stock with near term catalysator. $HAV – NES trades at 2.5x 2026E EV/EBIT. Peer SEAM taken out by Hanwha at 38x 4 months ago. Q1 annualizes at ~93M EBIT, 14% EBITDA margin. NOK 199M net cash. At 15x = NOK 38/sh, 20x = NOK 50/sh. Stock at 17.

[MHH-investments @HamilcarInvests]

@micaastaff @BuffDawgg

[MHH-investments @HamilcarInvests]

Fornøyd med kvartalsrapporten til $HAV Group i dag. NES leverte 23.3M EBIT i Q1 alene. Annualisert ~93M – tidligere utregning brukt 85M basert på 2025-tall. På 20x gir det ~59 NOK/sh vs 15 NOK i dag. SEAM tatt på 38x. @oystein_barmen inn som styremedlem også! Vært en flott uke.

[MHH-investments @HamilcarInvests]

@oystein_barmen Masse lykke til! Kjør på!

[Jonas Fremming @JFremming]

Kan vel si oss fornøyde med all time high EBIT og EBIT margin for NES i Q1?

LTM EBIT 70.4m i NES. Mer aktivitet de neste kvartalene = EBIT 85-110m?

[MHH-investments @HamilcarInvests]

Øystein Barmen valgt som uavhengig styremedlem i $HAV Group!