Atle Kigen - Aker ASA Head of Corporate Communication

AKAAF Stock  USD 58.00  0.25  0.43%   

Executive

Mr. Atle Kigen has served as Head of Corporationrationrate Communications of Aker ASA since March 1, 2010. He joined the Company in October 2006. Prior to this, he was Head of Communication at Kvaerner ASA and held a Chief Executive Officer position at a Public Relations agency, GCI Monsen. He has also been Editor in Chief of the Norwegian business magazine Okonomisk Rapport, and a business and economics editor at Aftenposten and NRK Nyheter. Apart from that, he used to work as journalist at Dagens Naeringsliv. He holds a degree in Business Administration and Marketing, and has extensive corporate communication and journalism experience. since 2010.
Age 65
Tenure 14 years
Phone47 24 13 00 00
Webhttps://www.akerasa.com

Aker ASA Management Efficiency

The company has return on total asset (ROA) of 0.0877 % which means that it generated a profit of $0.0877 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.3497 %, meaning that it generated $0.3497 on every $100 dollars invested by stockholders. Aker ASA's management efficiency ratios could be used to measure how well Aker ASA manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 28.92 B in total debt with debt to equity ratio (D/E) of 0.59, which is about average as compared to similar companies. Aker ASA has a current ratio of 2.25, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Aker ASA until it has trouble settling it off, either with new capital or with free cash flow. So, Aker ASA'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 Aker ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Aker to invest in growth at high rates of return. When we think about Aker ASA's use of debt, we should always consider it together with cash and equity.

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Aker ASA operates as an industrial investment company in Norway, the European Union, North America, South America, Asia, and internationally. The company was founded in 1841 and is based in Lysaker, Norway. Aker ASA is traded on OTC Exchange in the United States. Aker ASA [AKAAF] is a Pink Sheet which is traded between brokers over the counter.

Management Performance

Aker ASA Leadership Team

Elected by the shareholders, the Aker ASA's board of directors comprises two types of representatives: Aker ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aker. The board's role is to monitor Aker ASA's management team and ensure that shareholders' interests are well served. Aker ASA'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, Aker ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
Per Reppe, Investor Relations Director
Joachim Bjorni, Head Relations
Finn Jacobsen, Deputy Chairman of the Board
Arild Frick, General Counsel
Arnfinn Stenso, Director, Employee Representative
Edward Ross, Investment Director
Kjell Rkke, Owner Chairman
Oeyvind Eriksen, Pres CEO
Martin Holte, Investment Director
Haakon Berg, Investment Director
Frank Reite, CFO
Svein Stoknes, Chief Officer
Marianne Stigset, Investor Relations Manager
Amram Hadida, Director, Employee Representative
Charlotte Hakonsen, G Counsel
Atle Kigen, Head of Corporate Communication
Ola Snove, Investment Director
Baard Snekkevik, Corporate Treasurer
Torstein Storkre, Head Fornebuporten
Torbjorn Kjus, Chief Economist
Tommy Angeltveit, Director, Employee Representative
Atle Tranoy, Director, Employee Representative
Kristian Rokke, Director
Oyvind Eriksen, CEO and Presidentident, Member of the Executive Team
Audun Stensvold, Investment Director
Karen Simon, Director
Kjell Rokke, Chairman of the Board
Nina Hanssen, Director, Employee Representative
Kristin Devold, Director
Inger Karlsen, Director, Employee Representative
Christina Glenn, Head Relations
Anne Cannon, Director
Jan Haugan, CEO of Aker Energy AS
Leif Hoegh, Director

Aker Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Aker ASA 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 Aker ASA

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 Aker ASA 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 Aker ASA will appreciate offsetting losses from the drop in the long position's value.

Moving against Aker Pink Sheet

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The ability to find closely correlated positions to Aker ASA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aker ASA 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 Aker ASA - 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 Aker ASA to buy it.
The correlation of Aker ASA 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 Aker ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aker ASA 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 Aker ASA 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 Aker ASA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Aker ASA information on this page should be used as a complementary analysis to other Aker ASA's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.

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Please note, there is a significant difference between Aker ASA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aker ASA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aker ASA'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.