Josh Tan - Youtuber wrote a note · Sep 5, 2022 13:39

Nordic group | Top growth stock 2022!

Nordic group is on track to produce record profits.
Stock price has ran up and chairman has made purchases close to the $0.50 mark recently.
What is interesting about it? And why is market bidding it up?

In my youtube video, I've shared that Nordic's recent acquisition of STARBURST got me interested in it again because of the geo-political tensions around. Many countries are increasing their defense budget.

Quick snapshot of STARBURST
It's profitability is erratic. Hence, the acquisition does not seem expensive on hindsight (completed in Jan2022 before Russia invaded)
It's key markets are in Middle east and South east asia and it's services include the shooting range we use in Singapore.

Quick snapshot of Nordic Group
They are currently in debt position because they have borrowed to finance the acquisitions.
You may use the tools in tiger to check company's margins and debt/equity ratio.
However, it is possible that they become net cash in 2023 as their acquisitions are generally cashflow positive.

Nordic group has subsidiaries in the semi-conductor and oil and gas industries. For more info, checkout my full youtube tutorial on it where I deep dive into the books with you.

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