Rusta is a Nordic discount retailer that sells a wide range of home, seasonal, leisure, and consumable goods primarily to private consumers (B2C) via department stores and e-commerce in Sweden, Norway, Finland, and Germany.

In connection with the publication of GomSpace's Q2 2026 Interim Report, we have updated our investment case, which covers investment reasons and risks as well as valuation perspectives.

Alisa Pankki udsendte en negativ nedjustering, hvilket ikke kom som den store overraskelse for os.

In connection with Curasight's Q2 2026 interim report, we have updated our Investment Case. Our investment case covers the key investment reasons, risks, and valuation perspectives.

Given that the share price has fallen by roughly 35% since our last update, we believe the risk/reward has become more favorable, with the company now trading in the lower end of our fair value range.

Eltel's landmark Telenor Norway win strengthens the investment case and lifts our estimates, but after an ~18% re-rating, the good news now looks largely priced in.

Following WindowMaster's half-year report for 2026 and the decision to divest the subsidiary Climatic A/S, we have updated our investment case. The update covers the key investment reasons, risks, and valuation perspective relative to peers exposed to the construction and materials sector as well as the ventilation and building tech sector.

Revenio's Q2 result fell short of our expectations due to a weak period in the core business. Visionix performed roughly as expected in its debut, and its integration appears to be progressing as planned.

Vi har foretaget mindre opjusteringer af vores estimater for SSH som følge af en væsentlig ordre, som selskabet har meddelt.

Vi estimerer, at Nokian Panimo vil fortsætte på en god vækstbane de kommende år, og vi betragter selskabets målsætninger som realistiske.

Efter regnskabet for 2. kvartal 2026 primo august fra Føroya Banki, og efter at de fleste banker i peer group har aflagt kvartalsregnskab har vi opdateret vores investmentcase på banken.

We have updated our investment case on Gubra to reflect a quarter in which the clinical picture changed materially. Both partnered obesity assets have moved into Phase 2, and the mechanism behind the wholly owned GUB-UCN2 programme has been validated by a large pharma transaction.

Vi har opdateret vores estimater med opkøbet af Hohde Group, efter aftalen er blevet gennemført.

In connection with the Q2 2026 report, we have updated our investment case and adjusted our valuation model for the reported Q2 cash position and the revised Phase II timing.

I forbindelse med Lundbecks H1 2026-regnskab har vi opdateret vores investeringscase. Den afspejler nu den fastholdte 2026 guidance, en pipeline hvor de væsentligste katalysatorer er rykket frem i tid, og en yderligere opjustering af konsensus' pipelinebidrag efter 2030.

Med baggrund i regnskabet for første halvår 2026 har vi opdateret vores investeringscase på Skjern Bank. Den indeholder værdidrivere, risikofaktorer og værdiansættelsesperspektiver.

Efterspørgselsudsigterne viser tegn på bedring, selvom situationen visse kundesegmenter a er fortsat vanskelig.

In connection with the publication of BioPorto's H1 2026 interim results, we have updated our investment case, covering the key investment reasons, risks, and valuation perspectives.

Today, we publish our updated SP Group investment case following the Q2 2026 report. SP Group delivered its third consecutive record quarter, with Q2 revenue up 44.6% (29.4% organic) and guidance raised twice in six weeks to 24–30% growth, while the H1 EBITDA margin held at 20.3%. With consensus pointing to DKK 4.26bn revenue in 2027, the 2030 ambition of DKK 4.5bn looks attainable already in 2028, and the 2030 targets look set to be revisited.