EBITDA of USD -2.6m vs. ARCe of USD 2.1m
Still good outlook for harsh semis
NOL now trades highly attractive with EV/harsh semi of USD 315m
We view the report as neutral versus our expectations

28 Feb 2020
Neutral report, valuation looks attractive

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Neutral report, valuation looks attractive
Northern Ocean Ltd. (4JO:FRA) | 0 0 0.0%
- Published:
28 Feb 2020 -
Author:
Sebastian Grindheim -
Pages:
6 -
EBITDA of USD -2.6m vs. ARCe of USD 2.1m
Still good outlook for harsh semis
NOL now trades highly attractive with EV/harsh semi of USD 315m
We view the report as neutral versus our expectations