December 1, 2022

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Complete News World

Oslo Bors is still in the red

Oslo Borz ended down | Finansavisen

On the positive side, we also find Norwegian, which carried 1.9 million passengers in September and has more than 85 percent of the cabin factor. The stock fell 1.7 percent to 7.21 Norwegian crowns.

Shelf Drilling put nearly NOK 4 billion on the table for new crane rigs this summer, and rose nearly 4 percent after announcing a NOK 712 million contract.

06.10.2022 We delve into the state budget and stock market news today. Håkon Sæbø of FA Motors talks about the kilo shock that will hit electric cars. Then Per-Ole Hegdahl follows Danske Bank’s Tax Director along with Trygve Hegnar to give us a complete overview of all the upcoming tax cuts and what might be in store.

Tomra’s ugly slap

Among the negative heavyweights, technology and industrial company Tomra slid nearly 12 percent in volume after Carnegie and Pareto cut their sell recommendation before third-quarter numbers. At a closing price of NOK 177.40, the stock is still well above Carnegie’s target price of NOK 147.

An extended assessment is sensitive to negative discretionary changes we think are to come, Carnegie analyst Fabian Jorgensen explains in an interview with Finansavisen.

Telenor stock fell nearly 6 percent (5.92 NOK) to NOK 94.98, but most of this is due to the fact that the stock is gone today excluding a dividend of NOK 4.30. At the same time, Pareto cut the target price, but reiterated the buy recommendation.

Stolt-Nielsen shares fell 2.5 percent to 236.50 Norwegian crowns after its third-quarter figures.

Six more posts “all low”

At the top of the winner’s list is the crypto exchange dominated by Kjos Norwegian Block Exchange, which rose just over 30 percent to NOK 2.61.

Link Mobility reported a 13% rise to NOK 7.70 after notifying NOK 35 million investment cuts this year and next, and operating cost cuts NOK 57 million.

The list of losers is led by Proximar Seafood, which is considering a convertible bond issue of up to NOK 250 million. The stock fell 22.5 percent to 5.50 Norwegian crowns.

– Obviously we’ve looked at alternatives, but we don’t think it would be a good solution to come up with a pure case, as the market has been lately. We think this is a better solution for the company and for shareholders, says Proximar Seafood’s Chief Financial Officer Pål Grimsrud in an interview with Finansavisen.

Proximar Seafood was one of six stocks at “all-time lows” during Thursday’s trading. The others are Biofish Holding, Måsøval, Norse Atlantic Airways, Recreate and Sikri Holding.

Måsøval, which has been singled out as the company hardest hit by the government’s proposal to tax land rent for the salmon sector, slaughtered in the third quarter much less than in the previous quarter. The stock ended unchanged at 31 NOK.