Monday, June 29, 2015

Fredriksen stock up 132 percent on red stock – HegnarOnline

The crisis in Greece sent the Oslo Stock Exchange marked down Monday. The index rebounded slightly in the afternoon but ended at 631.39 points, down 1.74 percent. It was traded securities 3.65 billion.

Of the 59 stocks included in the main index ended ten shares in plus, while one ended unchanged.

The Greek government keeps banks in the country closed for six days from Monday. Mini Banks closed in one day, and the introduction of a withdrawal limit of 60 euros.

Banks will thus opened first next Tuesday, two days after being kept referendum on whether Greece should accept the demands of the EU, the European Central Bank (ECB) and International Monetary Fund (IMF).

On Monday morning there were reports that the EU during the day would present a new proposal for Greece to avoid a Greek bankruptcy. This was temporarily rejected by European Commission President Jean Claude Juncker later in the day.

– I do not get but new proposals, the offer is on the table, said Juncker on a pressekonferranse Monday.

The exchanges also fell in the rest of Europe. When the Oslo Stock Exchange closed was Dax index in Frankfurt down 2.97 percent, the FTSE in London was down 1.30 percent, while the French CAC 40 was down 2.84 percent.

Oil prices
Brent oil Monday morning was down 1.53 percent to $ 62.29 a barrel, was traded for 62.27 US dollars a barrel since the Oslo Stock Exchange closed. For comparison, a barrel of North Sea oil traded at $ 62.84 a barrel at the close of trading Friday.

According to TDN Finans and Bloomberg News is oil prices are now set for its first monthly fall since March. The reason is that investors are looking for safer asset classes, such as gold.

In addition, also the negotiations between Iran and the so-called P5 + 1 group rebooted. Iran has stated that they could double exports within six months if all sanctions against the country are lifted. Deadline for a nuclear deal with Iran is June 30.

Statoil fell 1.73 percent to 142.30 kroner.

Posted bid
Shandong Offshore International Company has submitted a bid for John Fredriksen Northern Offshore. Bid 7.59 per share, and Northern Offshore’s board recommends bid.

The share climbed 132.57 percent to 7.07 dollars Monday. The company was valued at 1.168 billion when the exchange closed, still well below the 1.3 billion crowns NOF priced at the bid.

Says up 200
Another Fredriksen company, Marine Harvest, reported that they cut 200 full-time positions in its business in Chile. That sent the stock down 1.88 percent to 91.25 dollars.

The cuts come as a result of that the company will reduce smolt release in 2015 from about 17 million to about 11 million smolt, against the background of weak prices and generally challenging biology.

There are now expecting a provision of $ 11 million in the second quarter, which cost impact will be approximately $ 4,000,000.

Tender Agreement
African Petroleum Corporation has signed a binding tender agreement with a major London-listed oil and gas company.

London company shall present a framework for the company to buy 45 percent of African Petroleum Block CI-513 license area in Ivory Coast.

The news sent shares up 14.29 percent to 0.40 million.

Will sell
Polarcus has signed a letter of intent with TGS-NOPEC signs which includes sales of multi-client projects in Northwest Europe and West Africa.

The price tag is $ 27.5 million and a future income ratio of library sales.

Polarcus ended down 3.45 percent to 0.28 million, while TGS rose 0.54 percent to 186 kroner.

Printer down assets
Spetalen- Company Nickel Mountain Group reported that they put further development related to Rönnbäcken nickel project on hold.

The decision involves an impairment of intangible assets in the consolidated balance sheet at 82 million Swedish kronor recorded in the second quarter.

The stock fell 11 percent to 0.89 million.

Danish newspaper giant sign with Cxense
Cxense reported contract on three advanced Cxense Insight solutions to Denmark’s largest newspaper group JP / Politiken Hus, behind releases like Jyllands Posten, Politiken and Ekstra Bladet.

The stock rose 6.48 percent to 115 kroner.

Funcom launched new game
Monday, Funcom LEGO Minifigures Online launched in five different operating systems, in both English, French, Spanish and German language.

Game Company rose 4.69 percent to 2.01 dollars.

New oral agreement
Q-free stated that the company has been awarded a three-year framework contract with Vinci Park. Vinci operates in 14 different countries worldwide, and operates 3,900 parking garage. The first parking system is already installed.

The stock climbed 1.59 percent to 12.75 kroner.

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