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The total confusion over the SAS stock has created large price differences, according to the investment economist. Even after Børsen took action, the action costs almost twice as much in Norway as in Sweden.
Published:,
The case is being updated.
Those who owned SAS shares on Monday had the right to subscribe for new shares in the issue to the airline.
On Tuesday, this right expired and, therefore, part of the share’s value also expires. However, not everyone agreed, believes investment economist Mads Johannesen at Nordnet.
– People log in, see that they have SAS shares and that it has fallen a lot. Then people just start buying it. It’s just that people haven’t kept up with the class, he says.
The result of the confusion in the SAS stock was that it cost much more on the Oslo Stock Exchange than in Stockholm, where it is also listed.
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Don’t get carried away by the madness of SAS action
The blue chart shows the performance of SAS shares on the Oslo Stock Exchange, while the green chart shows SAS shares listed in Stockholm. Generally, the two fields follow each other very closely, but on Tuesday there were big differences.
In front
Almost double the share price of SAS in Norway
The Oslo Stock Exchange delisted from Norwegian SAS shares after price differences between the two stock exchanges emerged. For a period, the action also stopped in Stockholm.
After the store reopened, the price difference still persists. At 13.45, the SAS share costs NOK 4.35 in Norway, while the price is NOK 2.26 in Sweden.
In principle, prices should be the same on different stock exchanges, adjusted for currency differences.
There have been strong movements in SAS shares on the Oslo Stock Exchange during the day, which opened at a price of NOK 2.1. Just before the trade was stopped, at 10.52, the price was NOK 5.6.
– We have observed that the stock is trading higher on the Oslo Stock Exchange than on the other stock exchanges, Communications Manager Geir Harald Aase told the Oslo Stock Exchange at E24 when the Exchange introduced trade bans.
Raise fresh money
SAS has already received the green light after working on a comprehensive rescue package. Last week, they received the go-ahead from shareholders and thus were able to inject fresh money into the company.
The rescue plan is, in short, that SAS will raise NOK 12 billion in new capital and hybrid bonds, one billion of the existing debt will be written off and converted into shares and further cuts will be made that will reduce the cost level by four billion .
