<- Go home

Added to YB: 2025-06-25

Pitch date: 2025-06-23

NRDF.CO [neutral]

Nordfyns Bank A/S

+25.51%

current return

Author Info

Sung Capital is an alternative asset management firm run by Oliver Sung. We invest capital for families, registered investment advisors, and accredited investors through a private investment fund. We pick underpriced stocks, usually in pockets of the market where large pools of capital (funds and institutions) can’t or won’t invest, but we flip every stone. We pick stocks only, use no leverage, and require a significant margin of safety in every investment. Sign up for the newsletter.

Company Info

Nordfyns Bank A/S provides banking products and services businesses in Denmark. The company offers savings and currency accounts; home, car, mortgage, energy, currency, and investment loans; construction credit; loans and credit; and operating credit.

Market Cap

DKK 775.4M

Pitch Price

DKK 494.00

Price Target

N/A

Dividend

2.75%

EV/EBITDA

N/A

P/E

10.49

EV/Sales

N/A

Sector

Banks

Category

special_situation

Show full summary:
Nordfyns Bank update

NRDF.CO (merger update): Middelfart Sparekasse bought SJF's 25% stake at DKK510/share (9% premium) and announced merger plans. Intrinsic value > DKK510 suggests potential squeeze higher. Contradicts Nordfyns' claim of no other merger interest beyond Fynske Bank. Currently trading at DKK490.

Read full article (2 min)