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Thanks Tournedos for the explanation that will  help us to understand more of the B&O healt in these difficult times.

It can bee a little confusing, so I hope that you will inform us about B&O commercial in the future.

Do you think the stock will going up to same level again or maybe higher(80) , when this special stock sale is finish. After all they will get a lot of money to continue.

Bulgarien wrote:

It can bee a little confusing, so I hope that you will inform us about B&O commercial in the future.

Do you think the stock will going up to same level again or maybe higher(80) , when this special stock sale is finish. After all they will get a lot of money to continue.

Yes it is confusing - I can't claim to quite understand it myself...

Anyway, the timetable from here on is

• 4 May - rights trading period ends (you have to sell them before or on this date this if you don't want to buy new shares with your rights)
• 7 May - subscription period ends (last day to use your rights to buy the new shares)
• 12 May - expected date of publication of the results

...so it will be almost three weeks from now before we'll see what really happens. The price of a single share will not be back at 80 then, because there will be three times more of them, and the price per share will reflect the old market value of the company, added with the cash raised now.

I hope the offering will be subscribed fully - even though B&O probably needs this cash, the books didn't look that bad without it either, at least for a year or two. All will depend on how long the global recession will last...

Bulgarien wrote:

I got a prospect last week where  I could buy a new  B&O stock to 29 danish kr.

Actually the price for the new stock is only 19 danisk kr. This is the what stands in the prospect and in the letter I received from my bank.

Best,
Burnix

Burnix wrote:

Actually the price for the new stock is only 19 danisk kr. This is the what stands in the prospect and in the letter I received from my bank.

You're right, I just echoed the price I saw here and didn't think... Then my calc makes a lot more sense: 2 * (40-19) = 42, meaning that at the current stock price of 40 DKK, you would win about 2 DKK per each old share if you took the new ones and sold them right away - which means that the actual stock value didn't move much at all on Monday.

Therefore, the value of a single subscription right ought to hover at about 21 DKK now, but I still can't see them anywhere 😡

Found them (under other instruments, obviously). Started off a little above 16 DKK and is currently at 18,10 DKK.

link

Price of the

The trading of subscription rights ended yesterday, so they are not visible anymore and we can take a look at on how this is going.

At this time, the old stock is traded at 41.40 and new stock at 39.60. Therefore, if you used all your subscription rights, you would have now

41.40 + 2 * 39.60 = 120.60 DKK worth of shares.

Before this event, you had a single old share worth around 80 DKK and had to pay 2 * 19 = 38 DKK for the two new shares. So, the worth of your original investment has grown from 80 to 120.60 - 38.00 = 82.60 or +3.2%, which is not surprising since all the markets have gone up during these two weeks. I forgot to check where the sub.rights price ended, but I suppose you lost a little if you decided to sell and not use them.

The result of the subscription is supposed to be published next Tuesday (12th of May), and I expect the share price to move then... unfortunately I don't know which way. 😁

B&O announced today that the stock capital has been increased by DKK 241,626,760 and that the stock classes have been merged.

So apparently the subscription has been a success. At the time I write this, the current stock price is 45.00. This means that if you bought in at the pre-subscription price of 80 DKK and bought the new shares, you have invested 80 + 2*19 = 118 DKK and your shares are now worth 3*45 = 135 DKK or +14.4% in three weeks.

(I believe that "this announcement is not directed at investors in the United States, Canada, Australia or Japan", either 😂 )

I thought thay said earlier that they would increase the stock capital with DKK 400.000.000,00?

You're right (actually 459M), so not all of the offered new shares have been subscribed. I believe there will be a more detailed announcement later.