Christen Knudsen - Borgestad CEO

BOR Stock  NOK 0.35  0.01  2.78%   

CEO

Mr. Christen Knudsen was Chairman of the Board at Borgestad ASA since June 4, 2019. He no longer serves as Chief Executive Officer at Borgestad ASA effective as of June 4, 2019. He was previously Vice Chairman of the Company Board of Directors until 2004. He holds a Masters Degree in Business Administration from Norges Handelshoyskole, Bergen NHH . He has worked in central positions within the Group since 1990. since 2019.
Age 63
Tenure 5 years
Phone47 35 54 24 00
Webhttps://borgestad.no

Borgestad Management Efficiency

The company has return on total asset (ROA) of 0.0214 % which means that it generated a profit of $0.0214 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.035) %, meaning that it generated substantial loss on money invested by shareholders. Borgestad's management efficiency ratios could be used to measure how well Borgestad manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 707.29 M in total debt with debt to equity ratio (D/E) of 221.5, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Borgestad A has a current ratio of 1.18, suggesting that it is in a questionable position to pay out its financial obligations in time and when they become due. Debt can assist Borgestad until it has trouble settling it off, either with new capital or with free cash flow. So, Borgestad's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Borgestad A sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Borgestad to invest in growth at high rates of return. When we think about Borgestad's use of debt, we should always consider it together with cash and equity.

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Borgestad ASA develops, manufactures, distributes, and installs refractory products in Norway. Its properties include Agora Bytom, a shopping center with a gross area of 52,000 square meters and a rental area of approximately 30,000 square meters, as well as a parking garage with 820 parking spaces in Poland and Borgestad Nringspark, a rented commercial premises used for the storage, production, and offices. BORGESTAD ASA operates under Diversified Conglomerates classification in Norway and is traded on Oslo Stock Exchange. Borgestad A (BOR) is traded on Oslo Stock Exchange in Norway and employs 222 people.

Management Performance

Borgestad A Leadership Team

Elected by the shareholders, the Borgestad's board of directors comprises two types of representatives: Borgestad inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Borgestad. The board's role is to monitor Borgestad's management team and ensure that shareholders' interests are well served. Borgestad's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Borgestad's outside directors are responsible for providing unbiased perspectives on the board's policies.
Pal Larsen, Group Chief Accountant
Lill Sanni, Director of Fin.
Bertel Steen, Independent Chairman of the Board
Niclas Sjoberg, Chief Segment
Egil Friestad, CEO of Borgestad Industries AS
Mona Moller, Director
Astrid Fjeld, IR Manager
Anita Ballestad, Director
Hilde Westlie, Director
Sissel Grefsrud, Independent Director
Jacob Moller, Independent Director
Eldar Myren, Group Controller
Gudmund Bratrud, Independent Director
Christen Knudsen, CEO

Borgestad Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Borgestad a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Borgestad

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Borgestad position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Borgestad will appreciate offsetting losses from the drop in the long position's value.

Moving together with Borgestad Stock

  0.82AKER Aker ASAPairCorr
  0.71SDRL SeadrillPairCorr

Moving against Borgestad Stock

  0.71PYRUM Pyrum InnovationsPairCorr
The ability to find closely correlated positions to Borgestad could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Borgestad when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Borgestad - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Borgestad A to buy it.
The correlation of Borgestad is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Borgestad moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Borgestad A moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Borgestad can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Borgestad A. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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Please note, there is a significant difference between Borgestad's value and its price as these two are different measures arrived at by different means. Investors typically determine if Borgestad is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Borgestad's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.