Added to YB: 2024-05-02
Pitch date: 2024-04-29
B2I.OL [bullish]
B2 Impact ASA
+154.45%
current return
Author Info
Slow Turtle is an investment manager who invests in moats, special sits, commodities, deep value, and all caps. Sign up for the newsletter.
Company Info
B2 Impact ASA, together with its subsidiaries, provides various debt solutions. The company’s portfolio of business consists of purchase, management, and collection of unsecured and secured non-performing loans.
Market Cap
NOK 3.1B
Pitch Price
NOK 6.63
Price Target
N/A
Dividend
8.38%
EV/EBITDA
N/A
P/E
8.70
EV/Sales
N/A
Sector
Consumer Finance
Category
value
B2 Impact: European Debt Collector
B2I.OL: Defaulted debt collector in Europe. Collections beating expectations, REO sales above book. IFRS 9 accounting: upfront discount rate for expected cash flows. 43% gross collections of loan balance; principal alone recoups book in ~3yrs. Leverage cut to 1.6x. Insiders own 27%. Trades 0.7x TBV vs 2.5x in 2018. Deep value.
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