whistlerbumps Posted February 10, 2015 Share Posted February 10, 2015 Has anyone looked at this company? AQUA provides engineering services to offshore energy industry. Spun out of WEIFA in August 2014 with the plan to grow from ~150 employees to 300-1000. Achieving this plan justifies a share price of NOK 15-20. Downside protected by NOK 3 per share of net cash. Company is backed by Norwegian billionaire Oystein Stray Spetalen who has already had a similar success in this industry with AQUA competitor Noble Denton (sold in 2009 for ~350% return after similar growth plan). Insiders have made significant stock purchases from Aug -Jan at share prices of ~7-8 vs. 6.25 currently and owns over 20% of the stock. Link to comment Share on other sites More sharing options...
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