SAGA PURE ASA
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Trading idea: Long Saga Pure

Green investment company Saga Pure has retraced from the peak earlier in the month after strong performance in December, due to general profit taking and a subsequent offering subscription period.

Idea/ Triggers:
* The subscription period ends January 27th.
* Saga Pure has reacted well to DeMark exhaustion signals previously.
* European buyers (Clearstream Banking Nominee acct) adding to on a daily basis in their pursuit for green investments. With regards to this being a trigger for potential continued price appreciation, look to the price appreciation in Norwegian hydrogen company NEL where the Clearstream Banking Nominee account is now the largest holder.
* Portfolio company, Horisont Energi, will be listing on Euronext Growth soon and might be a potential trigger. The share prize has doubled in the grey market after a successful offering in December.

Risk factor: Overall market is stretched on valuation and positioning, and a general risk off event is likely to impact small-caps.

NB! The company has more than NOK 500 mnok in cash looking for investments, and would use a price depreciation to buy stakes at discounted prices.

Solum Tempus Narrabo

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