The Norwegian carrier Norwegian is experiencing some turbulent days, which means that the company’s share price on Tuesday morning fall and styrtbløder value.
In the last week sold the Spanish-british IAG, which owns british carrier British Airways, its ownership interest and withdrew its attempt to take over the Norwegian.
It was the Norwegian’s stock to drop 21.5 percent on the day.
Before the deal Tuesday announced the Norwegian, that it would instead issue new shares to three billion Norwegian kroner in a fully guaranteed rights issue.
In connection with the announcement of the new shares, the com Norwegian, also with preliminary figures. They show that Norwegian loses billions of Norwegian kroner on the operation.
at the same time the company’s equity down to 1.7 billion Norwegian kroner. According to Dagens Nyheter, there is attached a condition to the company’s obligationsgæld that equity must be at least 1.5 billion Norwegian kroner.
the News was a hard landing on the stock market, where the Norwegian opened to lose 30 percent of market value. According to Dagens Nyheter, the Investor has the exchange rate after one hour, the fixed part up, and the fall is halved.
Thus the loss in market value, so to speak, eaten about a third of the capital increase, the new shares should give, write investeringsøkonom Per Hansen of Nordnet in a written comment.
– the Norwegian is the pressure, he writes, and warns against the temptation to rise, while the exchange rate falls.
– Private investors should be aware that the risk is very big.
