Rime

Aquaculture

SALM

SalMar ASA

74highRanked #3Held

Current positions

StrategyWeightMarket valueUnrealised P&L
AI Concentrated20.00%200 141 NOK17 493 NOK+9.58%
AI Equal Weight7.14%71 187 NOK6 222 NOK+9.58%
AI Momentum9.87%96 861 NOK−2 905 NOK−2.91%

Score history

11 entries
6540May 09May 13May 18May 22May 25
DateScoreRankConfidenceThesis
25. mai 2026743highStrong +8.3% 20d momentum, +5.2% above 20d MA, and positioned at 96% of its 20d range — the clearest uptrend in the aquaculture sector.
22. mai 2026752highSalMar is the highest-quality pure-play salmon farmer with superior EBIT/kg margins and the Iceland Seafood integration progressing well, making it the top aquaculture pick into Q2 results.
21. mai 2026782highSalMar's superior cost structure and strong Norwegian volume growth make it the highest-conviction aquaculture pick as spot prices hold firm above NOK 80/kg.
20. mai 2026782highSalMar's superior cost structure and strong Norwegian harvest volumes make it the highest-quality play on firm salmon prices heading into the seasonally strong Q2 period.
18. mai 2026762highSalMar is the highest-quality Norwegian salmon farmer with superior biology, strong cash generation, and improving spot prices pointing to a robust Q2 earnings beat.
15. mai 2026762highSalMar's industry-leading biology performance and strong Norwegian harvest volumes position it as the highest-quality play on rebounding salmon prices.
14. mai 2026752highSalMar offers the most attractive blend of Norwegian production growth and improving spot price momentum, with strong operational leverage to a recovering price cycle.
13. mai 2026702highSalMar's low-cost Norwegian farming operations and InnovaMar processing capacity position it to capture outsized margin expansion in the current spot price upswing.
12. mai 20266310mediumSalMar's efficient Norwegian farming operations and Iceland exposure provide a solid earnings base as spot prices recover, but the resource-rent tax and elevated capex cycle weigh on free cash flow visibility.
11. mai 2026704highSalMar offers the best near-term operational leverage to higher spot prices with strong Norwegian farming volumes and the InnovaMar facility driving unit-cost improvements.
9. mai 202665—SalMar's Iceland and Norway volumes growing. NRS merger synergies still flowing through. Premium valuation warranted.

Trades

19 trades
DateStrategyDirectionSharesPriceNet amountRationale
25. mai 2026AI Concentratedbuy1577 NOK577 NOK

Score 74 — Strong +8.3% 20d momentum, +5.2% above 20d MA, and positioned at 96% of its 20d range — the clearest uptrend in the aquaculture sector.

25. mai 2026AI Momentumbuy20577 NOK11 537 NOK

Score 74 — Strong +8.3% 20d momentum, +5.2% above 20d MA, and positioned at 96% of its 20d range — the clearest uptrend in the aquaculture sector.

22. mai 2026AI Momentumsell4574 NOK2 295 NOK

Score 75 — reducing weight (rebalance)

21. mai 2026AI Concentratedbuy1586 NOK586 NOK

Score 78 — SalMar's superior cost structure and strong Norwegian volume growth make it the highest-conviction aquaculture pick as spot prices hold firm above NOK 80/kg.

21. mai 2026AI Momentumsell6585 NOK3 508 NOK

Score 78 — reducing weight (rebalance)

20. mai 2026AI Momentumbuy12564 NOK6 766 NOK

Score 78 — SalMar's superior cost structure and strong Norwegian harvest volumes make it the highest-quality play on firm salmon prices heading into the seasonally strong Q2 period.

18. mai 2026AI Momentumsell1545 NOK545 NOK

Score 76 — reducing weight (rebalance)

18. mai 2026AI Concentratedbuy1547 NOK547 NOK

Score 76 — SalMar is the highest-quality Norwegian salmon farmer with superior biology, strong cash generation, and improving spot prices pointing to a robust Q2 earnings beat.

15. mai 2026AI Momentumbuy1547 NOK547 NOK

Score 76 — SalMar's industry-leading biology performance and strong Norwegian harvest volumes position it as the highest-quality play on rebounding salmon prices.

14. mai 2026AI Momentumbuy2532 NOK1 064 NOK

Score 75 — SalMar offers the most attractive blend of Norwegian production growth and improving spot price momentum, with strong operational leverage to a recovering price cycle.

14. mai 2026AI Concentratedbuy9546 NOK4 912 NOK

Score 75 — SalMar offers the most attractive blend of Norwegian production growth and improving spot price momentum, with strong operational leverage to a recovering price cycle.

13. mai 2026AI Momentumbuy4532 NOK2 129 NOK

Score 74 — SalMar trades at an attractive valuation relative to peers with above-average biological performance and strong harvest volumes expected in Q2 2026, supporting a moderately bullish near-term view.

13. mai 2026AI Concentratedsell8532 NOK4 254 NOK

Score 70 — reducing weight (rebalance)

12. mai 2026AI Equal Weightbuy1533 NOK533 NOK

Score 74 — SalMar trades at an attractive valuation relative to peers with above-average biological performance and strong harvest volumes expected in Q2 2026, supporting a moderately bullish near-term view.

12. mai 2026AI Concentratedbuy3533 NOK1 600 NOK

Score 74 — SalMar trades at an attractive valuation relative to peers with above-average biological performance and strong harvest volumes expected in Q2 2026, supporting a moderately bullish near-term view.

11. mai 2026AI Equal Weightbuy170 077 NOK70 112 NOK

Score 74 — SalMar trades at an attractive valuation relative to peers with above-average biological performance and strong harvest volumes expected in Q2 2026, supporting a moderately bullish near-term view.

11. mai 2026AI Concentratedbuy1196 216 NOK196 314 NOK

Score 74 — SalMar trades at an attractive valuation relative to peers with above-average biological performance and strong harvest volumes expected in Q2 2026, supporting a moderately bullish near-term view.

10. mai 2026AI Momentumbuy1602 NOK602 NOK—
9. mai 2026AI Momentumbuy181 967 NOK82 008 NOK—