[ad_1]
The main index rose 1.95 percent from the start on Tuesday.
published:,
The case is being updated.
The leading index is up 1.95 percent from the start. That was after the Oslo Stock Exchange fell 1.34 percent on the Wednesday before Easter.
At the same time, Norwegian shares fell 36.69 percent shortly after opening after the company submitted a proposal for a crisis solution last week. At time of writing, the stock is trading at a price of NOK 4.98.
On Tuesday, Asian stock exchanges finished 1.4 percent on average, and investors were swayed by China’s trade figures last night. Wall Street fell an average of 0.6 percent on Monday, and experts believe it is near the peak of the crown pandemic.
The recent cutting agreement between OPEC + and the G20 countries also contributed to improving investor sentiment.
At the time of writing, a barrel of North Sea oil is trading at $ 32.17 a barrel, an increase of 1.04 percent.
Norwegian Plunger
Norwegian announced Wednesday that the company’s board is proposing a comprehensive restructuring package in an attempt to save the company. In the same way that SAS and other airlines around the world are in crisis, Norwegian stops almost entirely due to the corona virus.
The restructuring includes converting debt into equity by entering into agreements with bondholders, lenders, leasing companies and suppliers, the company wrote in a statement.
“It is getting difficult, to put it bluntly,” investment economist Mads Johannessen at Nordnet told E24 regarding the news.
The investment economist notes that the sketch proposes a major dilution of today’s shareholders – that is, there are so many new shares coming in that today’s shareholders are left with only a crumb of equity capital.
The proposals will be presented at an extraordinary general meeting on May 4.
Several brokerage houses are downgrading
Nordea Markets downgrades Norwegian Air Shuttle to a recommendation for previous equipment sales and sets a target price of NOK 1 per share.
This is stated in an update from the brokerage on Tuesday.
The reason for the downgrade and lowering of the target price is that the broker believes that existing shareholders will be severely diluted even if the airline achieves a financial restructuring.
A day after Norwegian unveiled its new crisis plan, the Swedish SEB decided to lower its share price target.
SEB lowers the target price to a crown and lowers stocks simultaneously from holdings for sale, writes Direkt news agency, according to Omni Ekonomi.
Also read
Various canceled contracts for Drill Drilling – 165 million hit.
Abrupt drop for drilling
The repression of the oil price and the crisis of the crown affected Tor Olav Trøims Borr Drilling, according to a statement on Monday night. Following the news, the shares fell 33.97 percent on Tuesday.
Before the opening of the stock exchange, Subsea 7, PGS, Thinfilm and GC Rieber Shipping released reports.
Also read:
Also read
