Wednesday, February 1, 2017

Furious trading in the – E24

In January did Nordnets customers 37.348 transactions in Hro, which is around three times as many as in any other share on the Oslo stock Exchange.

Wednesday is Funcom most traded of any on the Oslo stock Exchange, and tops the list, ahead of giants such as Statoil, DNB and Marine Harvest. Right before the clock 14.40 is it done 9.688 trades with a total turnover of 260 million in spillaksjen.

in comparison, The second most traded share, børslokomotivet Statoil, traded for 221 million.

According to the number of transactions:

  1. Funcom (37.348)
  2. REC Silicon (12.747)
  3. Seadrill (12.309)
  4. Questerre (12.238)
  5. Nordic Nanovector (11.079)
  6. Interoil (10.655)
  7. I. M. Skaugen (10.142)
  8. DNO (9.884)
  9. Avance Gas (9.519)
  10. Axactor (9.390)

It is up around 20 percent today, 67 per cent in the last week and 190 per cent so far this year.

– It is, as we have seen before, quite some interest around the company when it launches new games, states investeringsøkonom Tom Hauglund opposite E24.

Great expectations

the Background for the increase is that Funcom yesterday night and released his new game Conan Exiles in a so-called “early-launch” (early access) on the platform Steam.

There are high expectations for slippet. In addition to that Funcom’s share price has risen much towards the slippet, the company has a significant need for a proper inntektsdriver, as the earnings from the older games to Funcom drops with time.

as long as the look the receipt out to be somewhat mixed among the players:

Early Wednesday afternoon is 62 percent of the reviews on Steam are positive. This can, however, due to the fact that the game is still not finished, and there has been much “buzz” around the Conan-the return, among other video service Twitch.

the Case continues under the graph …

 <p><b>RALLY:</b> the Graph shows the price trend and the volume in the Hro-stock the last time.</p>

RALLY: Graph displays the price trend and the volume in the Hro-stock the last time.



Weak history

So Hauglund is inside, similar to the recovery we are now seeing a “classic” Hro-rally.

Funcom has, however, not the best history. The games company has released prior to the Conan Exiles have not done it as good as many hoped, which has made that oppturene not have lasted.

History shows that the fundamentals of such highs do not have hanged quite “add up”, says Hauglund, who recalls that Funcom not too long ago did a placement at 55 cents the share.

Since the time is heading near tenfold …

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