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John Fredriksen aka Storeulv
Gooooooooodmorning all!
And and a extra good morning to all you naysayers! I am so glad on the behalf of my dear Norwegian friends. Super duper! Now what just happened? One of John Fredriksens many companys just bought into NOR in a 3 billion Nkr stock expansion! This according Bjørn Kjos has been in the making for a long time. The IAG song and dance just had to be sorted! Who is this John Fredriksen you say! Do you eat salmon , well he farms it! Do you use petroleum products, well he transports them! And a heap of other stuff you buy, you just did not know, did you! This guy does the odd charity , but he NEVER tosses good money after bad! He is called Storeulv or The Big Wolf. He some times smiles, but also has a charming grin, not unlike his nickname suggests. Anyway Time to crack a Cuban and watch how certain posters here are going to explain this away! To all of You in Norwegian. Merry xMass Regards Cpt B |
No need to explain it away. Time will do the talking. I think you’ve misunderstood his involvement - Norweigian are trying to raise cash through a rights issue which your White Knight is underwriting. That is all. This comes on top of a nearly £300million loss in 2018. Hardly fantastic news and the stock market has reacted as you would expect for people with no emotional attachment. |
Glad you feel the positive vibes! I am curious though why market punishes the stock with some 10%. Shouldn't it be going up? Too soon to tell if this is a game changer for the future or just more advanced CPR.
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Originally Posted by DuctOvht
(Post 10374229)
No need to explain it away. Time will do the talking. I think you’ve misunderstood his involvement - Norweigian are trying to raise cash through a rights issue which your White Knight is underwriting. That is all. This comes on top of a nearly £300million loss in 2018. Hardly fantastic news and the stock market has reacted as you would expect for people with no emotional attachment. Rolls royce engine issues solved. Joint venture fourthcoming. Analysts forecasting close to 1 billon nok profits for 2019. Media already speculating that John Fredriksen will buy the shares held by IAG. Journalists have contacted the press office of IAG as to why the shares haven't been sold yet. The answer was "...we will sell, when the time is right.." The expansion is nearly finished, only 5 787s to go before the fleet of a total of 41 787s is complete... |
Originally Posted by directmisbi
(Post 10374248)
No need for you to comment on it then..
Rolls royce engine issues solved. Joint venture fourthcoming. Analysts forecasting close to 1 billon nok profits for 2019. Media already speculating that John Fredriksen will buy the shares held by IAG. Journalists have contacted the press office of IAG as to why the shares haven't been sold yet. The answer was "...we will sell, when the time is right.." The expansion is nearly finished, only 5 787s to go before the fleet of a total of 41 787s is complete... They will not be in a hurry to sell. Fredrikson will not be interested in the IAG shares. He is an Underwriter, meaning he will have to buy any right issue shares not bought by current shareholders. these are at a discount and therefore cheaper than the IAG shares. |
Hope it will be sorted for all in Norwegian eventually and interesting development with Fredriksen. Remains to be seen how many shares they will issue and at what price still so dilution for current shareholders. But the loss was 2.2B NOK for 2018 and 1.9 B in cash at hand at end, and burn roughly 2B last year. Agree as said earlier share price drops because the issue will be discounted. good for staff to keep the show on the road for longer but as said earlier key is to make money from the operations which seems to be focus now more than expansion... |
Originally Posted by directmisbi
(Post 10374248)
No need for you to comment on it then..
Rolls royce engine issues solved. Joint venture fourthcoming. Analysts forecasting close to 1 billon nok profits for 2019. Media already speculating that John Fredriksen will buy the shares held by IAG. Journalists have contacted the press office of IAG as to why the shares haven't been sold yet. The answer was "...we will sell, when the time is right.." The expansion is nearly finished, only 5 787s to go before the fleet of a total of 41 787s is complete... The chickens are coming home to roost for those that made the decision to join Norwegian |
Lambourne
Whatever are you on about, you want them to fail , dont you! There is no chickens roosting anywhere. |
Originally Posted by BluSdUp
(Post 10374594)
Lambourne
Whatever are you on about, you want them to fail , dont you! There is no chickens roosting anywhere. |
Duct Overheat
Educate Yourself on the subject then.
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Straight over your head, unsurprisingly. |
Originally Posted by lambourne
(Post 10374567)
If there is a JV coming why the continued deep cuts and crisis to raise cash? I can’t imagine investors wanting to buy more worthless shares. The negative balance sheet isn’t going to be fixed in this round of one card monte. The chickens are coming home to roost for those that made the decision to join Norwegian |
Originally Posted by DuctOvht
(Post 10374741)
Straight over your head, unsurprisingly. |
Originally Posted by BluSdUp
(Post 10374594)
Lambourne
Whatever are you on about, you want them to fail , dont you! There is no chickens roosting anywhere. There is no sympathy in the industry from anyone I’ve ever met for the uncertain future of Norwegian. |
Originally Posted by TangoAlphad
(Post 10374898)
Well in Europe (where this is mainly relevant) really it is quite the opposite.
Several times on this forum you have posted frankly disgusting remarks towards fellow aviators that highlight you know very little about the European aviation market. Crawl off back to insulting anyone that doesn't work for 'the big 3' you dinosaur. Can you point me to the TOS that says non Europeans aren’t allowed an opinion on the threads. Good day |
Originally Posted by lambourne
(Post 10375050)
Thats not very civil or enlightened. Calling names. Aren’t you far above that? I haven’t called Norwegian crews names. But most everyone has a few descriptors. Flags of convenience are not good for the industry and I am adamantly opposed to Norwegian. Calling me a dinosaur for not wanting offshoring of Pilots willing for work for mere percentage of the going rates? Go ahead and limbo under the fence. Can you point me to the TOS that says non Europeans aren’t allowed an opinion on the threads. Good day |
In defence of Norwegian, all employees are employed on local contracts at their home base, UNDER LOCAL employment law .
That's why for example a Rome contract has a better pension then a Gatwick contract . Now the contracts for short haul, were good and a reason Lots of pilots joined from other low cost airlines. Will that be the case after the preposed cuts, perhaps not . |
Up she goes!
NAS ( Norwegian Air Shuttle ) up 7,3% to 129Nkr on Oslo Børs!
:ok: |
The richest man in Norway is investing in Norwegian thats the reason why today shares market going up today. John Frederiksen is the name exactly.
Came oooon ! Norwegian well done. Keep pushing you will be out soon. |
Originally Posted by samca
(Post 10375729)
The richest man in Norway is investing in Norwegian thats the reason why today shares market going up today. John Frederiksen is the name exactly.
Came oooon ! Norwegian well done. Keep pushing you will be out soon. The only thing he has done for now is to guarantee that all shares will be sold. Nevertheless good news for Norwegian. |
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