Opening of a first position with the Danish cable specialist. The order situation is outstanding and the interest in NKT's portfolio seems unbroken.
$NKT (+0,15 %) is a supplier of various direct current and alternating current solutions. It serves both the onshore and offshore markets.
Background for an entry:
- 04/24 - North Sea Summit: government leaders sign a memorandum of understanding to build wind farms in the North Sea with a capacity of up to 300 GW.
- Business should grow even more rapidly by 2035. Boosted by European utilities' declarations of intent in solar and wind energy.
- Transnational power transmission becomes more significant for the energy transition due to efficiency in southern areas.
- Today an unwarranted sharp discount due to CEO change.
- Business is likely to be massively driven and subsidized by the government, so no slowdown is expected even in the event of a recession.
Away from that, I needed a new position in the portfolio, since $BRKM5 (-2,04 %) currently ahead of the likely sale to $ADNOCDIST and $APO (+0,24 %) stands.