The main index of the Oslo Stock Exchange fell 0.43 percent today before ending at 615.65 points. It was traded shares for 3.5 billion.
Over the past week, the benchmark index put on 0.29 percent while the benchmark index is up 12.17 percent so far this year.
Here are Monday’s broadcast HegnarTV.
Oil / Statoil
A barrel of North Sea oil traded for $ 97.34, down 1.07 percent.
Statoil fell 0.17 percent to 180.40 kroner.
Cermaq
board has entered into an agreement with Mitsubishi Corporation with the latter, through its wholly owned subsidiary MC Ocean Holdings Limited will make a voluntary offer to acquire all shares in Cermaq 96 per share with a cash settlement.
Read also: Mæland: – Positive with bids from Mitsubishi
At the close of trading on Friday 19 September, the company’s value 7.77 billion, representing 84 per share.
Read also: Profit warning from Cermaq
The price of the offer represents a premium of 14.3 per cent (approximately 1.11 billion) compared to Cermaq’s closing price on 19 September 2014 and a premium of 18.3 per cent compared to the volume weighted average price of the last three months.
Read also: Cermaq sold 59 percent over last year’s bid
Monday joined the stock at 95.75 dollars, up 13.99 percent.
Seadrill
Friday fell Seadrill 4.07 percent after it became clear that Tor Olav Trøims retires from the Board. Monday shares fell another 3.26 percent to 177.90 kroner.
In Monday’s edition of the Financial newspaper described John Fredriksen Seadrill as “the most important company in the Fredriksen Group” and says he is considering increasing the exposure of the company .
He denied that there are multiple sales processes at once, despite the fact that he takes money off the table.
– I have had a desire to focus on fewer companies. We are in a cleanup process – not sales. Going forward, it is entirely focused on designing the values of the companies we invest in, said Fredriksen Finance newspaper.
Read also: Shares to Fredriksen fell by 1.4 billion in value
Marine Harvest
Marine Harvest Sunday night sent out a press release stating Tor Olav Trøims retirement from the Board.
– The Board would like to thank Tor Olav Trøims for his long service as a director and for his contributions to the development of Marine Harvest for the world’s leading seafood company said in a stock exchange release.
– It came profit forecast for Q3 from Cermaq today. The company indicates biological challenges in Chile. Russia sanctions had a negative effect on the market, and the company guides lower volumes in Q3. It will also be the biological “issues” in Canada. Marine Harvest is exposed in both Chile and Canada, said Allison Giskeødegård, analyst at Nordea Markets, the Hegnar.no
Marine Harvest fell 0.95 percent to 88.75 dollars.
Golden Ocean
Carnegie has cut price target on John Fredriksen’s Golden Ocean bulkrederi from eight to six dollars per share. Buy recommended.
The brokerage does not expect any dry bulk rally in the 4th quarter of 2014 and recovery in 2015.
It refers to less demand for steel and coal from China and Australia’s increasing market share China’s imports of iron ore.
Monday shares fell 11.14 percent to 8.10 million.
We can also mention that Fredriksen’s Frontline-shares fell 5.98 percent to 8, 65 million.
Sevan Drilling
Sevan Drilling has issued an update related to “Sevan Developer.”
27. August reported Sevan Drilling a significant delay in the delivery of the unit.
Now it is stated that it has entered into a standstill agreement with Cosco (Qidong) Offshore in connection with the construction of “Sevan Developer”.
Negotiations with Cosco continues. It is stated that Sevan Drilling expects to conclude in the coming weeks.
The stock fell 0.94 percent before ending at NOK 2.10.
Europe
At the close of trading also point the arrow down in Europe. Both the German DAX index and the French CAC 40 index fell 0.1 percent while the FTSE 100 index in London is down 0.7 percent.
Today, it has been known that the preliminary consumer confidence index for the euro zone was minus 11.4 in September. It was expected an index of minus 10.5.
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