Framework Journal · one stock, one dated entry

Recorded 2026-07-19 · Permanent

North European Oil Royalty Trust NRT

Clears both ethical standards

An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.

In plain words · North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in various concessions or leases in the Federal Republic of Germany.

The label
Markup

read at $7.73

North European Oil Royalty Trust holds its Markup at $7.73.

PHINPOOPSC
  • PHPhase · the trend structure carries the Markup label
  • INInsiders · no filings inside 60 days, left as found
  • POPositioning · no disclosures inside 60 days, left as found
  • OPOptions · no verdict drawn today, left as found
  • SCScreen · passes the values gate
  • edge confirmed
  • edge broken
  • edge forming

Each arm is one independent read. Conviction is not a single call, it is how many edges converge.

The investor read · the season, not the day

As held on the ledger · 2026-07-19
PhaseMarkup
Quantitative stateThe statistical read favours the sellers, held for 3 days
Price$7.73
Valuation7.65 trailing · N/A forward price to earnings
Values screenPASS · score 70.0
Beta-0.04

The business, in plain words · what the numbers mean

The fundamentals · plain-English read
Trailing P/E7.7x
very cheap relative to earnings
Revenue growth-3.7%
revenue is shrinking
Profit margin90.7%
highly profitable on every dollar of sales
Return on equity511.5%
an exceptional return on shareholder capital
Current ratio1.93
healthy short-term liquidity
Beta-0.04
barely tracks the market's swings
Market cap$71M
Employees2

The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market.

Plain-English interpretation of our own screen data. Analysis, not advice.

Related securities · others in NRT's space worth a look

Screened names in the same industry · explore each on its own page.

The trader read · the latest dated commentary

The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 20% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 69%. Our forward projection puts the odds of a 10% gain over the next month near 32%. Entered 2026-07-18 · Markdown

The dated journal · newest first, never edited

2026-07-18 Markdown $7.67 +0.0% Entry 3

The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 20% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 69%. Our forward projection puts the odds of a 10% gain over the next month near 32%.

2026-07-03 Markdown $7.67 +0.0% Entry 2

The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.

2026-07-02 Markdown $7.67 Entry 1

The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

What holding actually paid · price plus dividends

If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $8.15 -3.8% $0.22 $989 -1.1%
2 months $8.50 -7.8% $0.22 $948 -5.2%
3 months $8.75 -10.4% $0.22 $922 -7.8%
6 months $5.90 +32.9% $0.44 $1,403 +40.3%
1 year $4.63 +69.3% $1.01 $1,911 +91.1%
2 years $4.69 +67.1% $1.48 $1,987 +98.7%
3 years $9.10 -13.8% $1.94 $1,075 +7.5%
5 years $3.52 +122.7% $6.11 $3,962 +296.2%

Historical returns from market close data. Past performance does not guarantee future results.

This entry now belongs to the ledger. Whatever NRT does next, these words stay.

North European Oil Royalty Trust · NRT · Markup · $7.73
Recorded 2026-07-19 · before the outcome · scored mechanically

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