September 19, 2021

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Oslo Bors with a strong rise as Endúr fell like a stone after breaching loan terms - E24

Oslo Bors with a strong rise as Endúr fell like a stone after breaching loan terms – E24

The companies behind digital health records rose sharply on the Oslo Stock Exchange on Wednesday.

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The Oslo Stock Exchange jumped during the day, ending the main index at 1,150 points, up 0.80 percent.

On the other hand, the price of oil went in the opposite direction, and the cost of one barrel of North Sea oil is 1.6 percent lower at the close of the exchange compared to the opening of the exchange. North Sea oil was trading at $70.6 a barrel at the close.

The development in the oil price comes ahead of the OPEC+ oil meeting later on Wednesday, where they will decide whether to stick to the plan to increase oil production by 400,000 barrels per day in the coming months.

Today’s impact on the Oslo Stock Exchange also comes after the government put forward a proposal to make major changes to the petroleum tax from next year. This means the introduction of a cash flow tax and the abolition of the exploration recovery scheme.

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Indore drops sharply after breach of loan terms

After the stock exchange closed yesterday, investment firm Endúr announced that the company had not met the maximum borrowing requirements in the loan agreement for the bond loan that was raised in February of this year.

On Wednesday, the stock fell 18 percent on the Oslo Stock Exchange.

The company announced on Wednesday that it has formed a guarantee association to issue 110 million NOK shares at a price of €75. This is a much lower price than what was traded earlier this year.

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Saw a move after the number decreased

SAS provided numbers for the morning twig, and the stock on the Oslo Stock Exchange rose 1.5 percent on Wednesday. The airline reported an improvement in profits in the previous quarter, but it still fell sharply.

Profit before tax fell to SEK 1.36 billion, compared to a deficit of SEK 2.1 billion a year earlier.

Jacob Pedersen, aviation analyst at Sydbank, described the report as “not as bad as expected,” according to Nyhitsbergen Direct.

He privately emphasized that the cash flow is positive and that passengers have started ordering tickets again, according to the news agency.

The SAS numbers come the day after Norway’s second-quarter report, and Norwegian shares are up 2.8% on Wednesday.

The patient’s cloud is sent to the clouds despite increasing disability

On Wednesday morning, Patientsky provided new quarterly numbers. Seen here, the Norwegian health tech company’s sales amounted to NOK 51.4 million in the second quarter from 34.1 million in the same period last year.

At the same time, the company lost NOK 16.6 million in operations in the second quarter, compared to a loss of NOK 2.7 million last year. The largest costs for the company were depreciation and write-downs.

During the day, Patientsky’s stake in Euronext Growth is up 12.7 percent.

The company is trying to introduce a fully technological medical record system to the healthcare system. The company’s COO also bought 150,000 shares during the day at an average price of NOK 3.8, close to the closing price. According to the stock exchange announcement. The company’s main shareholder is group founder Jesper Melin Ganc-Petersen, with more than a third of the shares.

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Two acquisitions

During the morning, Yara announced that she would buy the Finnish fertilizer company Ecolan. The purchase price is unknown. This is Yara’s first acquisition of a conventional fertilizer, with Yara’s stock ending the day 0.7% down.

Otherwise, Orkla has announced that a subsidiary is acquiring German pizza chain Stückwerk. This purchase price is also unknown, and Orkla stock is up 0.15 percent.