Frank Reite - Akastor ASA CEO
| AKKVF Stock | USD 1.04 0.00 0.00% |
CEO
Mr. Frank Ove Reite no longer serves as Chairman of the Board of Akastor ASA, effective as of April 6, 2018. He has held the position since September 28, 2015. He no longer serves as President Chief Executive Officer of the Company, effective as of August 10, 2015. He joined Akastor from the Norwegian investment management and advisory firm Converto which he cofounded in 2009 and where he was managing partner. Mr. Reite has earlier held a variety of executive positions in the Aker group, including overseeing and developing Aker investments in Converto Capital Fund AS, Havfisk ASA, Norway Seafoods Group AS and Aker Yards ASA. He first joined Aker in 1995 and Became Chief Financial Officer in Aker ASA in August 2015. Mr. Reite also has experience from the banking industry and served as Operating Director at Paine Partners, a New Yorkbased private equity firm since 2015.
| Age | 47 |
| Tenure | 9 years |
| Phone | 47 21 52 58 00 |
| Web | https://www.akastor.com |
Akastor ASA Management Efficiency
Akastor ASA's management efficiency ratios could be used to measure how well Akastor ASA manages its routine affairs as well as how well it operates its assets and liabilities.Similar Executives
| Found 12 records | CEO Age | ||
| Andrew Lane | MRC Global | 59 | |
| Christopher Bradshaw | Bristow Group | 48 | |
| Marc Rossiter | Enerflex | 52 | |
| Robert Saltiel | MRC Global | 61 | |
| Cynthia Taylor | Oil States International | 62 | |
| Walter Wheeler | Geospace Technologies | 71 | |
| Scott Bender | Cactus Inc | 70 | |
| Stuart Bodden | Ranger Energy Services | 54 | |
| Girishchandra Saligram | Weatherford International PLC | 52 | |
| Michael Jardon | Expro Group Holdings | 54 | |
| Darron Anderson | Ranger Energy Services | 51 | |
| Sivasankaran Somasundaram | ChampionX | 58 | |
Management Performance
| Return On Equity | -0.0149 | |||
| Return On Asset | -0.0084 |
Akastor ASA Leadership Team
Elected by the shareholders, the Akastor ASA's board of directors comprises two types of representatives: Akastor ASA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Akastor. The board's role is to monitor Akastor ASA's management team and ensure that shareholders' interests are well served. Akastor 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, Akastor ASA's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Stig Faraas, Director, Employee Representative | ||
| Bruce Lethuillier, Head Treasury | ||
| Paal Johnsen, Executive VP and Investment Director | ||
| Christian Starberg, Financial Controller | ||
| Tore Langballe, Head of Communications and Investor Relations | ||
| Asle Halvorsen, Director | ||
| Sarah Ryan, Director | ||
| Leif Borge, CFO | ||
| Frank Reite, CEO | ||
| Kristian Rokke, CEO | ||
| Eirik Thomassen, G Counsel | ||
| Oyvind Eriksen, Executive Chairman of the Board | ||
| Jing Taklo, Head Reporting | ||
| Kent LianeUnsgaard, Head Compliance | ||
| Sander Seeberg, Head Tax | ||
| Stian Sjolund, Director, Employee Representative | ||
| Asbjorn Pettersen, Director, Employee Representative | ||
| Lone Schroder, Director | ||
| Oyvind Paaske, Chief Officer | ||
| Jannicke SommerEkelund, Director, Employee Representative | ||
| Henning Jensen, Director, Employee Representative | ||
| Karl Kjelstad, Executive VP and Investment Director | ||
| Lone Schroeder, Deputy Chairman of the Board | ||
| Kathryn Baker, Director |
Akastor 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 Akastor 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.
| Return On Equity | -0.0149 | |||
| Return On Asset | -0.0084 | |||
| Profit Margin | 1.21 % | |||
| Operating Margin | (0.11) % | |||
| Current Valuation | 427.99 M | |||
| Shares Outstanding | 272.19 M | |||
| Shares Owned By Insiders | 58.70 % | |||
| Shares Owned By Institutions | 8.16 % | |||
| Price To Earning | 3.04 X | |||
| Price To Book | 0.56 X |
Pair Trading with Akastor 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 Akastor 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 Akastor ASA will appreciate offsetting losses from the drop in the long position's value.Moving together with Akastor Pink Sheet
| 0.61 | BKR | Baker Hughes Financial Report 17th of July 2024 | PairCorr |
| 0.65 | TNRSF | Tenaris SA | PairCorr |
Moving against Akastor Pink Sheet
| 0.64 | SWZNF | Schweizerische Nationalbank | PairCorr |
The ability to find closely correlated positions to Akastor 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 Akastor 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 Akastor 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 Akastor ASA to buy it.
The correlation of Akastor 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 Akastor ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Akastor 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 Akastor 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Akastor 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 real. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Akastor Pink Sheet analysis
When running Akastor ASA's price analysis, check to measure Akastor ASA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Akastor ASA is operating at the current time. Most of Akastor ASA's value examination focuses on studying past and present price action to predict the probability of Akastor ASA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Akastor ASA's price. Additionally, you may evaluate how the addition of Akastor ASA to your portfolios can decrease your overall portfolio volatility.
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments |