ENTITY

Nordax Group AB (NDX SS)

3
Analysis
FinancialsSweden
Nordax Group AB is a niche bank. The Bank provides provides unsecure consumer loans and deposits. Nordax Group operates in Sweden.
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15 Jul 2021 19:36

Nordax/NOFI: Best and Final Offer

Nordax Bank AB further raised its offer to acquire NOFI to NOK 105/share, just 1.9% above my prior TP. Gross spread is 1.9% (should be c. 6%...

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05 May 2021 01:03

Nordax Bank Sweetens Its Bid for Norwegian Finans

As previously highlighted, Nordax has sweetened its offer. Long NOFI, TP NOK 100 (10.8x P/Fwd E and 1.7x P/Fwd BV). Gross spread is 1.5%, with...

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09 Mar 2021 20:11

Norwegian Finans Holding - Nordax Bank: Let the Negotiations Begin

Norwegian Finans's board of directors has not rebuffed the offer. Negotiations will involve a higher offer, in my view. Shares are trading on...

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