Currently I'm very intrigued by it. Iceland has an exceedingly well-managed, strong economy, and despite its small population, most of the population is involved heavily in the economy in some form or another (tl;dr: unlike other countries, money from citizens is constantly going back to the gov't and business due to high taxation, and high wages leaving Icelanders with higher disposable incomes than many other people from other nations).
This year hasn't been too good for Iceland, mostly because their 2nd Prime Minister in a row will be elected in one year, and the fact that many people from the country were revealed to be on the Panama Papers, etc. A few other things too. However, I feel as though right now the entire market is a total BUY.
At this very moment, there are only 8 listings in the Icelandic Stock Exchange, and two stand out to me in particular: ICE: HAGA (a company which runs Iceland's two largest grocery stores), and ICE: ICEAIR (Iceland's largest airline).
What I love the most about these two companies is that #1: they're very established companies, #2: they all have great movement, and they're all essentially the equivalent to penny stocks due to the Icelandic Krona's lesser value (and to reiterate, penny stocks, but without the extreme risk, pump and dumps and unpredictable volatility like in the US. The other great thing about the Icelandic markets is the fact that the majority of their shareholders are big banks, firms and general financial firms.
Does anyone here have any experience in any Icelandic public listings? Are you Icelandic, and do you have any thoughts on your country's economy+stock market?
Submitted September 23, 2017 at 06:20PM by Little-Jellyfish http://ift.tt/2fIObwW
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