ARCHIVED FORUM -- April 2007 to March 2012READ ONLY FORUM
This is the first Archived Forum which was active between 17th April 2007 and 1st March February 2012
http://www.financial24.org/video/bang--olufsen-misses-forecasts----video/
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right at the end he mentions a rights issue circa 450 million Danish Krone, about 50 million Sterling, so like everyone in high end electronics they are losing money but could have another 50 million working capital to play with soon.
I believe that's the planned share capital increase, directed to existing shareholders. The extraordinary general meeting a month ago authorized this, with up to 250 million DKK raised in this year.
-mika
This is now confirmed - from my quick perusal of the announcement, each existing shareholder (on 21st of April) will be allowed to buy two new B shares for each existing share, at a price of 19 DKK per share. The current price is 84.50 DKK.
I think I'll take them
http://www.bang-olufsen.com/issue-of-shares-2009