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2. the Climbing Gym Industry and Oslo Klatresenter As
Norwegian School of Economics Bergen, Spring 2021 Valuation of Oslo Klatresenter AS A fundamental analysis of a Norwegian climbing gym company Kristoffer Arne Adolfsen Supervisor: Tommy Stamland Master thesis, Economics and Business Administration, Financial Economics NORWEGIAN SCHOOL OF ECONOMICS This thesis was written as a part of the Master of Science in Economics and Business Administration at NHH. Please note that neither the institution nor the examiners are responsible − through the approval of this thesis − for the theories and methods used, or results and conclusions drawn in this work. 2 Abstract The main goal of this master thesis is to estimate the intrinsic value of one share in Oslo Klatresenter AS as of the 2nd of May 2021. The fundamental valuation technique of adjusted present value was selected as the preferred valuation method. In addition, a relative valuation was performed to supplement the primary fundamental valuation. This thesis found that the climbing gym market in Oslo is likely to enjoy a significant growth rate in the coming years, with a forecasted compound annual growth rate (CAGR) in sales volume of 6,76% from 2019 to 2033. From there, the market growth rate is assumed to have reached a steady-state of 3,50%. The period, however, starts with a reduced market size in 2020 and an expected low growth rate from 2020 to 2021 because of the Covid-19 pandemic. Based on this and an assumed new competing climbing gym opening at the beginning of 2026, OKS AS revenue is forecasted to grow with a CAGR of 4,60% from 2019 to 2033. -
NOTICE: SLIP OPINION (Not the Court's Final Written Decision)
NOTICE: SLIP OPINION (not the court’s final written decision) The opinion that begins on the next page is a slip opinion. Slip opinions are the written opinions that are originally filed by the court. A slip opinion is not necessarily the court’s final written decision. Slip opinions can be changed by subsequent court orders. For example, a court may issue an order making substantive changes to a slip opinion or publishing for precedential purposes a previously “unpublished” opinion. Additionally, nonsubstantive edits (for style, grammar, citation, format, punctuation, etc.) are made before the opinions that have precedential value are published in the official reports of court decisions: the Washington Reports 2d and the Washington Appellate Reports. An opinion in the official reports replaces the slip opinion as the official opinion of the court. The slip opinion that begins on the next page is for a published opinion, and it has since been revised for publication in the printed official reports. The official text of the court’s opinion is found in the advance sheets and the bound volumes of the official reports. Also, an electronic version (intended to mirror the language found in the official reports) of the revised opinion can be found, free of charge, at this website: https://www.lexisnexis.com/clients/wareports. For more information about precedential (published) opinions, nonprecedential (unpublished) opinions, slip opinions, and the official reports, see https://www.courts.wa.gov/opinions and the information that is linked there. For the current opinion, go to https://www.lexisnexis.com/clients/wareports/. IN THE COURT OF APPEALS OF THE STATE OF WASHINGTON GREGORY REGELBRUGGE, as the ) Personal Representative of the Estates ) No. -
Tradclimbing+ the Positive Approach to Improving Your Climbing
TradCLIMBING+ The positive approach to improving your climbing Adrian Berry John Arran Uncredited photos by Adrian Berry Other photos as credited Illustrations by Ray Eckermann Printed by Clearpoint Colourprint Distributed by Cordee (www.cordee.co.uk) Published by ROCKFAX Ltd. December 2007 © ROCKFAX Ltd. 2007 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying or otherwise without prior written permission of the copyright owner. A CIP catalogue record is available from the British Library. ISBN 978 1 873341 91 9 www.rockfax.com Cover: Adrian Berry on Cockblock (E5), Clogwyn y Grochan, Snowdonia, Wales. This page: Steve Ramsden on Fay (E4), Lower Sharpnose, Cornwall, England. Alex Barrows on the crux of Quietus (E2) Stanage Edge, The Peak District, England. Contents 3 Introduction (4) Starting Out (8) Tactics (190) Introduction A guide for newcomers showing the Tactics is about how to best use the skills various ways to get into trad climbing, the you already have to get those routes in important differences between climbing the bag and is a major part of the climbing Starting Out indoors and outside, plus an introduction game. to the key safety skills and terminology. The Mind (206) Gear (28) Gear For many climbers, the mind is the weakest A comprehensive look at the myriad of gear link. By taking a more positive approach available, with advice on what to buy to your mind can be turned from being a build up your climbing rack. weakness to being your best asset. -
Larry Land Climbing Topo
90 BOWMAN AREA CRAGS BOWMAN AREA CRAGS 91 Bowman Dam 21 18 17 14 21 19 21 20 16 1 15 4 2 23 13 22 3 12 Small 5 11 Cave 7 6 10 8 Approach 9 Larry Land N39° 26.648' W120° 39.256' Toprope the plumb line below the anchor on Gary Land. 7 Larry Land 70' 5.11c dam. When the road ends, follow a rough walkway up the right 4 Gary Land 45' 5.10d Mike Carville, Gary Allan, Josh Horniak, Spring 2008. Exposure: South. Afternoon sun, no shade. side of the drainage, then cross the drainage via a concrete Mike Carville, Josh Horniak, Fall 2008. 9 bolts. LO. Elevation: 5,480' spillway. After 40' cross back to the south side of the spillway 7 bolts. LO. A crag classic, this route is typified by athletic climbing on good Summary: Sport climbing. and ascend a low-angle rock slab to reach the large, concrete 25' left of Yuba Blue, this route begins on a short corner (crux), holds. Begin climbing the steep, broken rock immediately right Approach: 5 minutes, 0.2 miles. concourse directly below the dam. Reach the wall by ascend- then continues ascending the wall with more-moderate diffi- of the central cave. Trend generally left while aiming for the left Immediately below the Lake Bowman dam lies the south-fac- ing the talus field to the right of some large boulders. culty (5.9). Trend rightward from the mid-route corner. end of a shallow roof feature located above a gold-tinged slab. -
August 2017 RAMBLER
THE MONTHLY PUBLICATION OF THE WASATCH MOUNTAIN CLUB – AUGUST 2017 – VOLUME 96 NUMBER 8 1930 – 2017 Wasatch Mountain Club 2017-2018 PRESIDENT Julie Kilgore 801-244-3323 [email protected] VICE PRESIDENT Brett Matthews 801-831-5940 [email protected] TREASURERS Jason Anderson 385-355-0023 [email protected] Dave Rabiger 801-971-5836 [email protected] SECRETARY Barbara Boehme 801-633-1583 [email protected] BIKING CO-DIRECTORS Cindy Crass 801-803-1336 [email protected] Carrie Clark 801-931-4379 [email protected] Chris Winter 801-384-0973 [email protected] MOUNTAIN BIKING COORDINATOR Greg Libecci 801-699-1999 [email protected] BOATING CO-DIRECTORS Cindy Spangler 801-556-6241 [email protected] Tony Zimmer 440-465-2761 [email protected] BOATING EQUIPMENT CO-COORDINATORS Bret Mathews 801-831-5940 [email protected] Donnie Benson 801-466-5141 [email protected] CANOEING COORDINATOR Pam Stalnaker 801-425-9957 [email protected] RAFTING COORDINATOR Kelly Beumer 801-230-7969 [email protected] CLIMBING CO-DIRECTORS Mark Karpinski 801-886-7285 [email protected] Kathleen Waller 801-859-6689 [email protected] CANYONEERING COORDINATOR Rick Thompson [email protected] -
Grand Canyon; No Trees As Large Or As the Government Builds Roads and Trails, Hotels, Cabins GASOLINE Old As the Sequoias
GET ASSOCIATED WITH SMILING ASSOCIATED WESTERN DEALERS NATIONAL THE FRIENDLY SERVICE r OF THE WEST PARKS OUR NATIONAL PARKS "STATURE WAS GENEROUS first, and then our National sunny wilderness, for people boxed indoors all year—moun Government, in giving us the most varied and beautiful tain-climbing, horseback riding, swimming, boating, golf, playgrounds in all the world, here in Western America. tennis; and in the winter, skiing, skating and tobogganing, You could travel over every other continent and not see for those whose muscles cry for action—Nature's loveliness as many wonders as lie west of the Great Divide in our for city eyes—and for all who have a lively curiosity about own country . not as many large geysers as you will find our earth: flowers and trees, birds and wild creatures, here in Yellowstone; no valley (other nations concede it) as not shy—and canyons, geysers, glaciers, cliffs, to show us FLYING A strikingly beautiful as Yosemite; no canyon as large and how it all has come to be. vividly colored as our Grand Canyon; no trees as large or as The Government builds roads and trails, hotels, cabins GASOLINE old as the Sequoias. And there are marvels not dupli and camping grounds, but otherwise leaves the Parks un touched and unspoiled. You may enjoy yourself as you wish. • cated on any scale, anywhere. Crater Lake, lying in the cav The only regulations are those necessary to preserve the ity where 11 square miles of mountain fell into its own ASSOCIATED Parks for others, as you find them—and to protect you from MAP heart; Mt. -
Summits on the Air – ARM for Canada (Alberta – VE6) Summits on the Air
Summits on the Air – ARM for Canada (Alberta – VE6) Summits on the Air Canada (Alberta – VE6/VA6) Association Reference Manual (ARM) Document Reference S87.1 Issue number 2.2 Date of issue 1st August 2016 Participation start date 1st October 2012 Authorised Association Manager Walker McBryde VA6MCB Summits-on-the-Air an original concept by G3WGV and developed with G3CWI Notice “Summits on the Air” SOTA and the SOTA logo are trademarks of the Programme. This document is copyright of the Programme. All other trademarks and copyrights referenced herein are acknowledged Page 1 of 63 Document S87.1 v2.2 Summits on the Air – ARM for Canada (Alberta – VE6) 1 Change Control ............................................................................................................................. 4 2 Association Reference Data ..................................................................................................... 7 2.1 Programme derivation ..................................................................................................................... 8 2.2 General information .......................................................................................................................... 8 2.3 Rights of way and access issues ..................................................................................................... 9 2.4 Maps and navigation .......................................................................................................................... 9 2.5 Safety considerations .................................................................................................................. -
Exploring Grand Teton National Park
05 542850 Ch05.qxd 1/26/04 9:25 AM Page 107 5 Exploring Grand Teton National Park Although Grand Teton National Park is much smaller than Yel- lowstone, there is much more to it than just its peaks, a dozen of which climb to elevations greater than 12,000 feet. The park’s size— 54 miles long, from north to south—allows visitors to get a good look at the highlights in a day or two. But you’d be missing a great deal: the beautiful views from its trails, an exciting float on the Snake River, the watersports paradise that is Jackson Lake. Whether your trip is half a day or 2 weeks, the park’s proximity to the town of Jackson allows for an interesting trip that combines the outdoors with the urbane. You can descend Grand Teton and be living it up at the Million Dollar Cowboy Bar or dining in a fine restaurant that evening. The next day, you can return to the peace of the park without much effort at all. 1 Essentials ACCESS/ENTRY POINTS Grand Teton National Park runs along a north-south axis, bordered on the west by the omnipresent Teton Range. Teton Park Road, the primary thoroughfare, skirts along the lakes at the mountains’ base. From the north, you can enter the park from Yellowstone National Park, which is linked to Grand Teton by the John D. Rockefeller Jr. Memorial Parkway (U.S. Hwy. 89/191/287), an 8-mile stretch of highway, along which you might see wildlife through the trees, some still bare and black- ened from the 1988 fires. -
Grand Teton National Park Wyoming
UNITED STATES DEPARTMENT OF THE INTERIOR RAY LYMAN WILBUR. SECRETARY NATIONAL PARK SERVICE HORACE M.ALBRIGHT. DIRECTOR CIRCULAR OF GENERAL INFORMATION REGARDING GRAND TETON NATIONAL PARK WYOMING © Crandall THE WAY TO ENJOY THE MOUNTAINS THE GRAND TETON IN THE BACKGROUND Season from June 20 to September 19 1931 © Crandill TRIPS BY PACK TRAIN ARE POPULAR IN THE SHADOWS OF THE MIGHTY TETONS © Crandall AN IDEAL CAMP GROUND Mount Moran in the background 'Die Grand Teton National Park is not a part of Yellowstone National Park, and, aside from distant views of the mountains, can not be seen on any Yellowstone tour. It is strongly urged, how ever, that visitors to either park take time to see the other, since they are located so near together. In order to get the " Cathedral " and " Matterhorn " views of the Grand Teton, and to appreciate the grandeur and majestic beauty of the entire Teton Range, it is necessary to spend an extra day in this area. CONTENTS rage General description 1 Geographic features: The Teton Range 2 Origin of Teton Range 2 Jackson Hole 4 A meeting ground for glaciers .. 5 Moraines 6 Outwash plains 6 Lakes 6 Canyons 7 Peaks 7 How to reach the park: By automobile . 7 By railroad 9 Administration 0 Motor camping 11 Wilderness camping • 11 Fishing 11 Wild animals 12 Hunting in the Jackson Hole 13 Ascents of the Grand Teton 13 Rules and regulations 14 Map 18 Literature: Government publications— Distributed free by the National Park Service 13 Sold by Superintendent of Documents 13 Other national parks ' 19 National monuments 19 References 19 Authorized rates for public utilities, season of 1931 23 35459°—31 1 j II CONTENTS MAPS AND ILLUSTRATIONS COVER The way to enjoy the mountains—Grand Teton in background Outside front. -
Report from the Alaska Summer School Mccarthy, Alaska, USA, 5–15 June 2018
Report from the Alaska Summer School McCarthy, Alaska, USA, 5–15 June 2018 In early June, 28 glaciology students convened by plane or by a footbridge at the end of a 60- at the University of Alaska Fairbanks (UAF) for mile dirt road, and it has no centralized utilities. the fifth biennial International Summer School in Residents and visitors cart in water from the Glaciology. We had travelled from as near as our nearby Kennicott Glacier and produce electricity homes just down the street, in Canada and in the with solar panels and generators. We students contiguous United States, and from as far as Nepal, camped in a clearing about a 7-minute walk India, New Zealand, Europe and Peru. However, from ‘downtown’ McCarthy. We were generously our journey merely began in Fairbanks, and early hosted by the Wrangell Mountains Center (WMC), in the morning of 5 June we drove together in vans an organization dedicated to ‘connecting people to the small village of McCarthy, Alaska, making with wildlands through art, science, and education several stops along the way to admire the regional in the Wrangell Mountains’. WMC director Nate, scenery and geological and cultural history. We summer intern Carson and kitchen and garden would return to Fairbanks in 10 days, minds full of manager Sophie welcomed us with open arms new knowledge and memories from the rigorous and made sure we were warm and comfortable in course and beautiful setting. the historic Old Hardware Store building, where The summer school was truly defined and we ate and worked, and in Porphyry Place, the enhanced by its unique and remote location. -
I.S.S.W., PAST, PRESENT, and FUTURE John Montagne 17
I.S.S.W., PAST, PRESENT, AND FUTURE John Montagne 17 Hodgman Canyon Bozeman, Montana 59715 and Peter Schaerer Apt. 103-105 West Kings Road North Vancouver, B.C. Canada V7N 2L7 INTRODUCTION: The purpose of this paper is to provide a background for the current series of biennial snow science meetings in North America. Such a background may be useful in guiding the future course of such meetings to assure that they continue to serve the special requirements of pure and applied science together with the practical needs of those who carry through the front line duties of snow research and avalanche safety and control. The "workshop" format has proven to be an excellent catalyst to the important communication among all who attend these meetings because it pointedly reserves time for exchange of ideas during the course of the meetings. Interest in the general aspects of snow has been ushered in on the coattails of the avalanche movement. Because of this dominance of avalanche-related problems and activities, the current paper is admittedly biased toward avalanche phenomena, which is not to deny the importance of the considering the whole aspect of snow in general for these meetings. Avalanche hazard forecasters and safety planners are highly specialized and often work in the limited territory of a ski area or a road and have little contact with colleagues. They need to meet fellow professionals from time to time for an exchange of experiences and for learning about new developments. Personal contacts are even more important because avalanche hazard forecasting and control relies much on experience, and only a limited amount of the knowledge can be picked up from books. -
The Ascent of Mt. St. Agnes, Chugach Range, Alaska 207
THE ASCENT OF MT. ST. AGNES, CHUGACH RANGE, ALASKA 207 THE ASCENT OF MT. ST. AGNES, CHUGACH RANGE, ALASKA BY BRADFORD WASHBURN DRING the months of May and June 1938 a small expedition was sent out by the Institute of Geographical Exploration of Harvard University to make a thorough reconnaissance of the Chugach mountains in the Alaska Coast . Range, and to attempt the ascent of Mt. St. Agnes (13,250 ft.), the highest peak in the group. The Chugaches are geologically a western prolongation of the St. Elias Range, much in the same way as the Fairweather Range is a southern offshoot of this massif. Sweeping in a jagged arc about the head of Prince William Sound, this rugged little range of mountains enjoys probably the most constantly diabolical weather on the entire North American Continent. An almost unbroken series of S.E. and S.W. storms, finding their origin in the Bering Sea area, deluges Prince William Sound with an annual rainfall of over 200 ins. This rainfall, converted into snow on the upper reaches of the Chugach Range, has resulted in one of the wildest and most rugged glacier systems in the world. On the S. or seaward side of the range, where this precipitation is heaviest, only a score of truly clear days occurs during the course of an entire year. On this side the mountains are particularly jagged on account of the heavy frost action due to the variable climate. The rock is dominantly schistose. In many cases its beds stand directly on end and, except under extraordinary conditions of drought, every platform and cranny in these great southerly cliffs is buried deep in fresh snow, or plastered with ice.