Stock Trading Canary

Snapshot date: 2026-10-18 · Built: 2026-10-19T15:17:21+00:00 · Publication status: PASS

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COMPANY RESEARCH

Nordic Financials ASA

NOFIN.OL · Norway · Utilities · Utilities—Renewable

INSIDER SIGNAL

Insider activity score:50.6 / 100

1 insiders · 15 purchase events · €35k net purchases

Europe #623 · Norway #26

WHY THIS SIGNAL?

Score anatomy

Each bar shows the contribution to the current score; the weights and formula stay unchanged.

Cluster+10.5 / 35

How many distinct insiders bought in the cluster

Purchase size+17.0 / 25

Purchase value relative to company size and liquidity

Role+15.0 / 20

The seniority and relevance of participating insiders

Recency+8.1 / 10

How recently the purchases occurred

Conviction+10.0 / 10

How clearly buying stands out from other activity

What is holding the score back?

  • ⚠ Buyer breadth is moderate · fewer than 4 distinct filers
  • ✓ Strong insider role · c-suite involved
  • ✓ Recent activity · latest purchase 2026-10-14

The role contribution uses the inverted role input of the current European model.

BUYING PROFILE

4 events · 1 insiders · 180d

Cluster 0%Repeat 100%Independent 0%Large 0%

Percentages are mutually exclusive and sum to 100%.

Buying concentration

The filings do not name the buyer, so who bought how much cannot be worked out.

This is a ranking under the current European screening rules—not a probability of gain, return forecast, or buy recommendation.

Key purchase quotes (filing currency)

FilerPrice per unitTrade date
Svend Egil Larsen1.26 NOKOct 14, 2026
—1.26 NOKOct 14, 2026
—1.7188 NOKJul 1, 2026
Model details

Cluster breakdown (does not change the score)

15-day buyer breadth (count)
1 distinct reported filers
Peak time window
2026-09-02 to 2026-09-17
Current breadth input
0.300 (capped at 4+ buyers)
Buyer independence
Not yet measured; related-party fields are not cross-market comparable

What the filings show

Insider vs stock price

11 purchase day(s), 20 purchase line(s) in the 180-day window.

Daily close (NOK)Day with an insider purchase
1.21.41.61.82.0May 2026JunJulAugSepOct2026-07-01 · 2 purchase line(s) · 1 insider(s) · close since that day -29.0%2026-08-28 · 1 purchase line(s) · 1 insider(s) · close since that day -11.3%2026-08-31 · 1 purchase line(s) · 1 insider(s) · close since that day -12.0%2026-09-02 · 2 purchase line(s) · 1 insider(s) · close since that day -10.7%2026-09-03 · 2 purchase line(s) · 1 insider(s) · close since that day -12.6%2026-09-17 · 2 purchase line(s) · 1 insider(s) · close since that day -10.7%2026-09-30 · 2 purchase line(s) · 1 insider(s) · close since that day -6.0%2026-10-01 · 2 purchase line(s) · 1 insider(s) · close since that day -5.3%2026-10-05 · 2 purchase line(s) · 1 insider(s) · close since that day -3.1%2026-10-06 · 2 purchase line(s) · 1 insider(s) · close since that day -7.4%2026-10-14 · 2 purchase line(s) · 1 insider(s) · close since that day -0.8%1.25last close15 Oct

Markers sit on the closing price of the transaction day. They show when insiders traded, not the price they paid or received. "Since" compares that day's close with the last close shown; it is what happened at this company, not a forecast.

Insider timeline

2 insiders bought on the same day, 14 Oct: 1 Executive, 1 Role not classified. The share closed at 1.26 that day and at 1.25 most recently (−0.8%). That week 138 companies across Europe disclosed insider purchases, an ordinary week (25 of the last 26).

Several insiders within 15 days: 2026-10-14 – 2026-10-14Svend Egil LarsenSvend Egil LarsenChief Investment OfficerExecutiveUnknown insiderUnknown insiderRole not classified2026-07-01 · Unknown insider · purchase · 99,690 NOK2026-08-28 · Unknown insider · purchase · 36,015 NOK2026-08-30 · Unknown insider · purchase · 36,015 NOK2026-09-02 · Svend Egil Larsen · purchase · 27,125 NOK2026-09-02 · Unknown insider · purchase · 27,125 NOK2026-09-03 · Svend Egil Larsen · purchase · 7,469 NOK2026-09-03 · Unknown insider · purchase · 7,469 NOK2026-09-17 · Svend Egil Larsen · purchase · 3,775 NOK2026-09-17 · Unknown insider · purchase · 3,775 NOK2026-09-30 · Unknown insider · purchase · 48,361 NOK2026-10-01 · Unknown insider · purchase · 17,516 NOK2026-10-05 · Unknown insider · purchase · 15,160 NOK2026-10-06 · Unknown insider · purchase · 10,343 NOK2026-10-14 · Svend Egil Larsen · purchase · 14,945 NOK2026-10-14 · Unknown insider · purchase · 14,945 NOK2026-04-20 to 2026-04-26: 136 companies2026-04-27 to 2026-05-03: 203 companies2026-05-04 to 2026-05-10: 241 companies2026-05-11 to 2026-05-17: 211 companies2026-05-18 to 2026-05-24: 244 companies2026-05-25 to 2026-05-31: 237 companies2026-06-01 to 2026-06-07: 243 companies2026-06-08 to 2026-06-14: 237 companies2026-06-15 to 2026-06-21: 211 companies2026-06-22 to 2026-06-28: 185 companies2026-06-29 to 2026-07-05: 192 companies2026-07-06 to 2026-07-12: 160 companies2026-07-13 to 2026-07-19: 181 companies2026-07-20 to 2026-07-26: 167 companies2026-07-27 to 2026-08-02: 160 companies2026-08-03 to 2026-08-09: 152 companies2026-08-10 to 2026-08-16: 164 companies2026-08-17 to 2026-08-23: 194 companies2026-08-24 to 2026-08-30: 182 companies2026-08-31 to 2026-09-06: 188 companies2026-09-07 to 2026-09-13: 178 companies2026-09-14 to 2026-09-20: 173 companies2026-09-21 to 2026-09-27: 179 companies2026-09-28 to 2026-10-04: 183 companies2026-10-05 to 2026-10-11: 166 companies2026-10-12 to 2026-10-18: 138 companiesCompanies disclosing purchases, per weekMayJunJulAugSepOct

Tap an item for what it means.

●A purchase: the bigger the dot, the more was bought

Each dot is one insider's purchases on one day. The dot's area follows the amount: the largest purchase here gets the largest dot. Hold the pointer over a dot to see the date and the amount.

▮Purple band: several insiders bought within 15 days

The band marks the stretch with the most different buyers: at most 15 days long and at least two people. Here it is 14 Oct, with 2 insiders. Only the strongest stretch is marked. Several people deciding the same thing is harder to explain by one person's private reasons, but insiders often buy together just after a closed period ends, so compare it with the grey weekly bars.

Blue line: this share's price, −36.9% over these six months

The closing price of each day, from 1.98 on 2026-04-21 to 1.25 on 2026-10-15. The line has no scale; read it for high and low: a dot on a low stretch was bought cheaply, a dot on a high stretch was not.

Dashed line: the typical stock on the same exchange, −7.7%

Taken from the 100 other stocks on the same exchange that this site holds prices for. Each is measured from the first day of the window, and every day the middle one is drawn. It starts where the blue line starts, so the gap between the two is the difference: this share −36.9%, the typical one −7.7%, 29.2 points behind. It is not an index and not a comparison within one industry.

▂Grey bars: companies across Europe disclosing purchases each week

A taller bar is a week in which more companies disclosed insider purchases. The purple bar is the week of the band above: 138 companies, number 25 of the last 26 weeks. If that week was a peak anyway, buying together is less special than it looks.

This company: insiders buying per month, last 12 months

1Nov
1Dec
1Jan
Feb
1Mar
Apr
May
Jun
Jul
Aug
1Sep
1Oct

Darker bars are inside the 180-day window above.

Who traded

InsiderRolePurchasesSalesBoughtFirst purchaseShare price sinceEarlier purchases
Svend Egil LarsenExecutive4—53.3k NOK2026-09-02−10.7%8 completed, median −8.6% against peers after 60 sessions
Unknown insiderRole not classified11—316.4k NOK2026-07-01−29.0%fewer than 5 completed
Why this score? · Model details

Priority = 100 × Σ(fixed weight × 0–1 rule-based input)

FactorWeightThis company inputPoint contribution
15-day buyer breadth (count)35%0.30010.5
Qualified-buy size25%0.67817.0
Role informativeness (inverted)20%0.2505.0
Recency10%0.8128.1
Buy/sell conviction10%1.00010.0

This is a heuristic ordering under the current rules, not a calibrated return forecast. It explains why candidates rank differently; the public-filing evidence and data limits are shown below.

BULL VS BEAR

Two readings of this buying

The same filings, read two ways. Each line is a fact stored for this company with the number behind it, and appears only when that number crosses a fixed threshold. Neither side is a forecast and no winner is declared.

Since 2026-10-13: new on the bear side: price trails its sector. All bull and bear lists, and what followed each line in the past →

Where the evidence comes from

The two kinds of evidence disagree: the purchases themselves carry bull lines (senior executive buying, bought in the last two weeks), while share price and trading argue against (price down over six months, price trails its sector). No data is held for: company results, company actions.

  • The insider purchases themselvesBullsenior executive buying, bought in the last two weeks Bearone buyer only, buyer's past purchases trailed the benchmark4 checked, under the threshold · 2 missing
  • Share price and tradingBearprice down over six months, price trails its sector, thinly traded
  • Short sellers1 checked, under the threshold
  • Company results2 missing
  • Company actionsno data held

Bull case · the buying is informative

  • The buyers include a senior executive, who sees more of the business than most filers. This site's score gives little or no credit for that: in its backtests purchases by senior executives did no better than other insiders' purchases.Record: after 8,797 earlier disclosures like this, the median 60-session excess return was −3.1%, within 1 percentage point of all comparable disclosures (−3.2%).
  • The latest purchase is 3 days old (2026-10-14). The buying is current, not left over from an earlier quarter.

Bear case · discount it

  • Only one insider bought. A single purchase can reflect that person's own finances rather than a view on the company.Record: after 4,732 earlier disclosures like this, the median 60-session excess return was −2.7%, within 1 percentage point of all comparable disclosures (−3.3%).
  • Share price and tradingThe share price is down 35% over six months (three months −25%, one month −11%) and stands 42% below its 52-week high. Insiders have bought into a fall the market has not reversed.Record (nearest stored case: price 20% or more below its prior 52-week high): after 11,077 earlier disclosures like this, the median 60-session excess return was −3.2%, within 1 percentage point of all comparable disclosures (−2.6%).
  • Share price and tradingOver three months the share price changed −25% and the median of 54 Utilities companies changed −3.6%: 21 points behind. The market has marked this company down against its own sector.
  • The 8 earlier purchases by Svend Egil Larsen trailed Oslo Bors Benchmark by a median 8.6% over the following 60 trading days.
  • Share price and tradingAbout €7,192 of the stock changes hands on an average day, below this site's €500k screening line. A position is hard to enter or leave at the quoted price.

Evidence still missing

  • The company's market value is not captured, so the purchases cannot be stated as a share of the business.
  • No earnings, margin or cash-flow figures are captured for this company. The latest annual and interim reports are where to check whether the business is improving or deteriorating.
  • European notifications have no field saying whether a purchase was pre-arranged; there is no counterpart to the US 10b5-1 box. None of the 20 purchase lines mentions a plan, but a bare “Kjøp” does not rule one out.
  • The filings give the size of each trade, not what the buyer already held. Whether a purchase added 1% to a personal stake or doubled it is not known.
Checked and under the threshold: 5, 1 close to it
  • EitherInsider purchases in the last 20 sessions equal 4.0% of the stock's traded value. Bull from 5.0%, bear below 0.50%. close to the threshold
  • Either1 insider bought in the last 180 days and 1 in the 180 days before. Bull when the number at least doubles and rises by two; bear when at least two bought before and no more buy now.
  • Bear0 of 1 buyer filed as a person closely associated with a manager. Counted for the bear side from half.
  • BearNo insider sale is recorded in the same 180 days.
  • BearThe register of Finanstilsynet shows no published net short position in this company. Positions under 0.5% are never published, so this does not show that nobody is short.

Both columns arrange stored facts only. They do not change the insider score or the ranking and are not investment advice.

Signal history

50.6 / 100

Latest recorded score

↑ +4.2 ptsversus the comparable snapshot on 2026-09-14 (34 calendar days apart)
Recorded snapshots
35
First snapshot
2026-08-26

Only scores captured when the scoring run completed are compared. These are raw signal scores saved when each full scoring run completed. They describe changes in research ranking, not price performance or returns.

Why did it change?

Decomposition across the five score factors between comparable snapshots; historical scores are not recalculated.

  • Purchase size+0.7 pts
  • Recency+3.5 pts

Signal score history

Fixed 0–100 scale; dates are spaced by calendar time.

02550751002026-08-26 · 41.92026-08-27 · 41.92026-08-28 · 41.52026-08-31 · 56.02026-09-01 · 55.32026-09-02 · 51.62026-09-03 · 51.72026-09-04 · 51.12026-09-07 · 49.32026-09-08 · 48.82026-09-09 · 48.32026-09-10 · 47.92026-09-11 · 47.52026-09-14 · 46.42026-09-23 · 48.42026-09-24 · 47.92026-09-25 · 47.52026-09-28 · 46.42026-09-29 · 46.12026-09-30 · 52.12026-10-01 · 51.42026-10-02 · 51.52026-10-03 · 51.52026-10-04 · 51.52026-10-05 · 52.22026-10-06 · 52.32026-10-07 · 51.62026-10-08 · 51.02026-10-09 · 50.42026-10-12 · 48.92026-10-13 · 48.52026-10-14 · 52.52026-10-15 · 51.82026-10-16 · 51.22026-10-18 · 50.6Aug 26Sep 07Sep 28Oct 07Oct 18

Recent recorded points

  1. 41.9
  2. 49.3
  3. 46.4
  4. 51.6
  5. 50.6
View all recorded scores
Snapshot dateSignal score
2026-08-2641.9
2026-08-2741.9
2026-08-2841.5
2026-08-3156.0
2026-09-0155.3
2026-09-0251.6
2026-09-0351.7
2026-09-0451.1
2026-09-0749.3
2026-09-0848.8
2026-09-0948.3
2026-09-1047.9
2026-09-1147.5
2026-09-1446.4
2026-09-2348.4
2026-09-2447.9
2026-09-2547.5
2026-09-2846.4
2026-09-2946.1
2026-09-3052.1
2026-10-0151.4
2026-10-0251.5
2026-10-0351.5
2026-10-0451.5
2026-10-0552.2
2026-10-0652.3
2026-10-0751.6
2026-10-0851.0
2026-10-0950.4
2026-10-1248.9
2026-10-1348.5
2026-10-1452.5
2026-10-1551.8
2026-10-1651.2
2026-10-1850.6

Sector context

Utilities

Buying breadth
12.5% (12 / 96 issuers)
Sector rank
#1 / 12
7D breadth change
-0.4 pp · vs 2026-10-12 (6d)
30D breadth change
History building

This is sector-level research context. It does not affect the Insider Signal or ranking.

View Europe sector research →

Insider profile outcomes

Historical performance following insider filings. The company role is translated below each name while preserving the original title.

Events are disclosure-level observations; related disclosures published on the same date may share a return path and may not be statistically independent. This research enrichment does not affect the insider score or ranking.

Svend Egil LarsenChief Investment Officer11 completed 20D event(s)
PeriodCompleted eventsPrice coverageHit rateMedian excess returnAverage excess returnWorst excess return
5D11Developing evidence100.0% (11/11)27.3% (3/11)-1.5%-0.5%-4.1%
20D11Developing evidence100.0% (11/11)9.1% (1/11)-7.8%-7.2%-14.6%
60D8Developing evidence100.0% (8/8)25.0% (2/8)-8.6%-10.8%-24.8%
120D8Developing evidence100.0% (8/8)0.0% (0/8)-20.1%-22.8%-39.2%
First purchase in 12M
0/11
Large purchase ≥ €100k
0/12
Cluster buying · 15D
0/12
Buying the dip · ≥20% below prior 52W high
12/12
Routine / opportunistic
Not classifiable
Nils Petter Skasetdaglig leder1 completed 20D event(s)
PeriodCompleted eventsPrice coverageHit rateMedian excess returnAverage excess returnWorst excess return
5D1Small sample100.0% (1/1)0.0% (0/1)-5.3%-5.3%-5.3%
20D1Small sample100.0% (1/1)0.0% (0/1)-9.0%-9.0%-9.0%
60D1Small sample100.0% (1/1)0.0% (0/1)-33.7%-33.7%-33.7%
120D1Small sample100.0% (1/1)0.0% (0/1)-46.3%-46.3%-46.3%
First purchase in 12M
Not classifiable
Large purchase ≥ €100k
0/1
Cluster buying · 15D
0/1
Buying the dip · ≥20% below prior 52W high
1/1
Routine / opportunistic
Not classifiable

Market context

PRICE PERFORMANCE

1M
-10.7%
3M
-24.7%
6M
-34.9%
12M
-38.9%

VOLATILITY & LIQUIDITY

Volatility
894.5%
Beta
—
Avg daily volume
NOK 71,364.0

VALUATION

Market cap
—
P/E
—

FUNDAMENTALS

Profit margin
—
ROE
-10902.4%
Industry
—

Prices to 16 Oct 2026: OpenBB/yfinance; volume from price cache (yfinance). From the company's annual report ↗, fiscal year ended 31 Dec 2024: ROE. It does not affect the insider score or rank.

Disclosed net short positions

The Finanstilsynet register, read 18 Oct 2026, publishes no net short position of 0.5% or more in this issuer. Positions below 0.5% are never published, so this is not evidence that nobody is short.

Short-position disclosures are external context; they do not affect the insider score, ranking, or filing eligibility.

Insiders' buying price vs the latest close

Insiders paid 1.43 NOK a share on average (10 purchase lines, 1 buyer, 2026-07-01 – 2026-10-14). The close on 2026-10-15 was 12.8% below that price.

The latest purchase (2026-10-14) was at 1.26 NOK; the close was 0.8% below that price.

Prices paid are weighted by shares and taken from the filings; dividends are not counted. Not scored.

Buying size vs market trading

3.97% · of estimated traded value in the same period

2026-09-18 – 2026-10-15 · 20 recorded trading sessions

Disclosed qualifying purchases
60,635 NOK
Estimated market traded value
1,528,061 NOK

Market-data coverage: 505 verified sessions · Latest session: 2026-10-15 · Ratio status: Available

Recent and largest purchase events / preceding 60-session ADTV

Traded value is estimated as close × shares traded, in major currency units. Includes disclosed qualifying purchases; disclosures may lag. Contractual or planned acquisitions are not necessarily discretionary. Ratios describe relative trading size, not market participation or score contributions.

Latest news

No news has been captured for this company.

Regulatory filings

Unfold all 36 filings

Filing evidence

These are underlying national-feed records from the 365-day window ending on the saved ranking snapshot. The score uses only the latest 180 days; older qualifying equity purchases remain visible for audit but do not enter the current score. The original filer, role, transaction classification, instrument, price, volume, value and source fields are retained. The first three rows are shown; remaining records can be unfolded for audit. Other transaction types are retained but excluded from the score.

Excluded transactions & classification

35 qualifying purchase disclosure(s) · 35 transaction line(s)

Oct 14, 2026Kjøp
— · —
Aksje · 11861 shares × 1.26 NOK · 14944.86 NOK
Open filing
Oct 14, 2026Kjøp
Svend Egil Larsen · Chief Investment Officer
Aksje · 11861 shares × 1.26 NOK · —
Open filing
Oct 6, 2026Kjøp
— · —
Aksje · 4072 shares × 1.27 NOK · —
Open filing
Unfold all 32 remaining filing row(s)
Transaction datePublishedFilerRoleTransactionInstrumentPrice (local currency)Quote currencyVolumeReported value (local currency)Source
2026-10-062026-10-06——KjøpAksje1.27 NOKNOK40725171.44 NOKOpen filing
2026-10-052026-10-05——KjøpAksje1.29 NOKNOK5876—Open filing
2026-10-052026-10-05——KjøpAksje1.29 NOKNOK58767580.04 NOKOpen filing
2026-10-012026-10-01——KjøpAksje1.3 NOKNOK67378758.1 NOKOpen filing
2026-10-012026-10-01——KjøpAksje1.3 NOKNOK6737—Open filing
2026-09-302026-09-30——KjøpAksje1.33 NOKNOK1818124180.73 NOKOpen filing
2026-09-302026-09-30——KjøpAksje1.33 NOKNOK18181—Open filing
2026-09-172026-09-17Svend Egil LarsenChief Investment OfficerKjøpAksje1.33 NOKNOK2838—Open filing
2026-09-172026-09-17——KjøpAksje1.33 NOKNOK28383774.54 NOKOpen filing
2026-09-032026-09-03Svend Egil LarsenChief Investment OfficerKjøpAksje1.4 NOKNOK5335—Open filing
2026-09-032026-09-03——KjøpAksje1.4 NOKNOK53357469 NOKOpen filing
2026-09-022026-09-02Svend Egil LarsenChief Investment OfficerKjøpAksje1.4 NOKNOK19375—Open filing
2026-09-022026-09-02——KjøpAksje1.4 NOKNOK1937527125 NOKOpen filing
2026-08-302026-08-30——KjøpAksje1.4 NOKNOK25725—Open filing
2026-08-282026-08-30——KjøpAksje1.4 NOKNOK2572536015 NOKOpen filing
2026-07-012026-07-01——KjøpAksje1.7188 NOKNOK2900049845.2 NOKOpen filing
2026-07-012026-07-01——KjøpAksje1.7188 NOKNOK29000—Open filing
2026-04-202026-04-20——KjøpAksje2 NOKNOK125—Open filing
2026-03-012026-03-01Svend Egil LarsenChief Investment OfficerKjøpAksje1.6395 NOKNOK25851—Open filing
2026-03-012026-03-01——KjøpAksje1.6395 NOKNOK25851—Open filing
2026-01-272026-01-27Svend Egil LarsenChief Investment OfficerKjøpAksje1.7254 NOKNOK1149—Open filing
2026-01-272026-01-27——KjøpAksje1.7245 NOKNOK1149—Open filing
2026-01-262026-01-26Svend Egil LarsenChief Investment OfficerKjøpAksje1.7218 NOKNOK3552—Open filing
2026-01-262026-01-26——KjøpAksje1.7218 NOKNOK3552—Open filing
2026-01-232026-01-23Svend Egil LarsenChief Investment OfficerKjøpAksje1.735 NOKNOK448—Open filing
2026-01-232026-01-23——KjøpAksje1.735 NOKNOK448—Open filing
2026-01-132026-01-13Svend Egil LarsenChief Investment OfficerKjøpAksje1.7325 NOKNOK100000—Open filing
2026-01-132026-01-13——KjøpAksje1.7325 NOKNOK100000—Open filing
2025-12-012025-12-01Svend Egil LarsenChief Investment OfficerKjøpAksje1.7772 NOKNOK43512—Open filing
2025-12-012025-12-01——KjøpAksje1.7772 NOKNOK43512—Open filing
2025-11-282025-11-28——KjøpAksje1.7989 NOKNOK132678—Open filing
2025-11-282025-11-28Svend Egil LarsenChief Investment OfficerKjøpAksje1.7989 NOKNOK132678—Open filing

Showing 35 of 35 matching raw-feed row(s) from the current 365-day research window. Prices and reported values remain in the filing currency and its major unit (for example, UK pence are parsed as GBP). The screen-level € aggregate is separately FX-normalised for research ranking, not a trade-date conversion.

Other disclosed transactions · excluded from score

View 1 other transaction(s)

Oct 20, 2025Salg
— · —
Aksje · 3029 shares × — · —
Open filing

Showing 1 of 1 matching raw-feed row(s) from the current 365-day research window. Prices and reported values remain in the filing currency and its major unit (for example, UK pence are parsed as GBP). The screen-level € aggregate is separately FX-normalised for research ranking, not a trade-date conversion.

Snapshot & identity

Snapshot date
2026-10-18
Ticker
NOFIN.OL
ISIN
NO0013683409
Sector
Utilities
Industry
Utilities—Renewable

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