Rime

Telecommunications

TEL

Telenor ASA

35lowRanked #11Held

Current positions

StrategyWeightMarket valueUnrealised P&L
AI Concentrated——Not held
AI Equal Weight7.14%71 302 NOK−648 NOK−0.90%
AI Momentum4.67%45 892 NOK−248 830 NOK−84.43%

Score history

11 entries
6540May 09May 13May 18May 22May 25
DateScoreRankConfidenceThesis
25. mai 20263511lowNegative 5d (-3.7%) and 20d (-5.3%) returns with only 26% range position and below MA — defensive Telecom underperforming with no visible recovery catalyst.
22. mai 2026638mediumTelenor provides stable defensive cash flows and a high dividend yield, with its Nordic core business resilient, though Asian market risks and limited growth prospects cap the score.
21. mai 2026619mediumTelenor's stable Nordic telecoms cash flows and attractive 6%+ dividend yield provide defensive appeal, though subdued top-line growth and Asian market exposure keep conviction moderate.
20. mai 2026619mediumTelenor's defensive telecom cash flows and solid dividend yield provide stability, but competitive pressures in Nordic and Asian markets and limited earnings growth keep the score in moderate territory.
18. mai 2026648mediumTelenor offers a defensive yield and stable Nordic subscriber revenue, but limited organic growth, Asian market regulatory complexity, and muted pricing power make it a hold rather than a buy.
15. mai 2026639mediumTelenor's stable Nordic telco earnings and solid dividend yield offer defensive appeal, though limited growth catalysts and Asian market complexity cap the overall score.
14. mai 2026658mediumTelenor's stable Nordic and Asian telecom operations, high dividend yield, and defensive earnings profile offer a solid risk-adjusted hold, with modest upside from continued Asian market monetisation.
13. mai 2026637mediumTelenor's Scandinavian and Asian telecoms franchises provide stable free cash flow and a well-covered dividend, making it a low-beta defensive option, though growth catalysts remain limited near-term.
12. mai 2026649mediumTelenor's stable Nordic and Asian telecoms cash flows, progressive dividend, and ongoing cost-efficiency programme offer defensive income characteristics, with moderate near-term upside as NOK strength slightly pressures reported Asian earnings.
11. mai 2026638mediumTelenor offers a defensive dividend yield and stable Nordic subscriber trends, with modest upside from Asian market monetisation, but limited growth catalysts keep the score range-bound.
9. mai 202647—Mature Nordic telco; dividend yield attractive but growth limited. Asian operations (dtac/True merger) add execution risk.

Trades

9 trades
DateStrategyDirectionSharesPriceNet amountRationale
25. mai 2026AI Momentumsell165157 NOK25 850 NOK

Score 35 — reducing weight (rebalance)

22. mai 2026AI Momentumbuy17159 NOK2 710 NOK

Score 63 — Telenor provides stable defensive cash flows and a high dividend yield, with its Nordic core business resilient, though Asian market risks and limited growth prospects cap the score.

21. mai 2026AI Momentumsell17164 NOK2 782 NOK

Score 61 — reducing weight (rebalance)

15. mai 2026AI Momentumsell16157 NOK2 516 NOK

Score 63 — reducing weight (rebalance)

14. mai 2026AI Momentumbuy27154 NOK4 159 NOK

Score 65 — Telenor's stable Nordic and Asian telecom operations, high dividend yield, and defensive earnings profile offer a solid risk-adjusted hold, with modest upside from continued Asian market monetisation.

13. mai 2026AI Momentumbuy64154 NOK9 890 NOK

Score 61 — Telenor offers a defensive yield and stable Nordic subscriber base, with Asian segment restructuring progress a modest positive catalyst, though currency headwinds from emerging-market exposure remain a drag.

12. mai 2026AI Equal Weightbuy3156 NOK467 NOK

Score 61 — Telenor offers a defensive yield and stable Nordic subscriber base, with Asian segment restructuring progress a modest positive catalyst, though currency headwinds from emerging-market exposure remain a drag.

11. mai 2026AI Equal Weightbuy170 077 NOK70 112 NOK

Score 61 — Telenor offers a defensive yield and stable Nordic subscriber base, with Asian segment restructuring progress a modest positive catalyst, though currency headwinds from emerging-market exposure remain a drag.

9. mai 2026AI Momentumbuy159 268 NOK59 298 NOK—