Entertainment only. No investment advice - ever!
Welcome to GrovisKalkulatoren
Your source for basic, rough and unfiltered information on the low profile companies listed on the Euronext Oslo markets.
The only things you will find on this webpage..
Company 1-pagers
Companies and categories
Companies and categories
The bread and butter of GrovisKalkulatoren
Companies and categories
Companies and categories
Companies and categories
Not rdy yet.
Blog posts
Companies and categories
Blog posts
Whatever we want to get out there (not rdy yet)
Background and Purpose
GrovisKalkulatoren - Why the name?
First of all, the creators of this site are Norwegian - and the name can be translated as “rough calculator.” Second, we are firm believers in Buffett’s concept of Margin of Safety. If you need decimals to decide whether a company is fairly priced, then almost by definition, it’s overpriced. In the best case, such a company will only perform in line with the broader market.
We have the academic background and experience to do the detailed math - but we don’t believe it adds much value. It’s better to be approximately right than precisely wrong.
Why Norway?
Norwegian money managers stand out from their international peers in that they have historically managed to generate genuine alpha - even after costs. With more than 50 years of experience investing in Norwegian companies, we believe this success stems from a market that is far from perfectly efficient. In fact, at times, it can be deeply inefficient.
One of Norway’s most successful portfolio managers built a track record by identifying unpopular, undervalued, and under-researched companies. We share that conviction - and believe the greatest opportunities are often found among smaller, less liquid stocks where inefficiencies tend to persist.
Why share the goods?
Investing has been a hobby for us for a very long time. Over the years, we’ve looked into hundreds of companies across nearly every sector - but without a structured way to identify opportunities or store the results of our research. This has made us vulnerable to following headlines and market trends, doing what everyone else does.
Now, we want to take a different approach: reviewing companies alphabetically, starting with "A". We’ll share our findings openly so others can comment, challenge, and help us improve. Along the way, we also hope to draw attention to some of the hidden gems we uncover.
Why write in english?
We maintain this site in English, not because we are hugely ambitious on the site's behalf, but for two good reasons
- Companies generally publish reports and news in English. It requires no extra effort on our end
- There are lots of international investors on Euronext Oslo, and it is likely that they suffer the most from the information gap in small cap
Why the lack of detailed contact info?
Most other sources of information out there have some sort of inherent filter due to the the affiliations of the author. We want to share as much as we know and/or think we know about any particular company or market. This includes rumors and other speculations why an equity could be perceived as under- or overvalued. It could also include less than favorable descriptions of management, board members, shareholders etc. NO FILTER!