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ARCHIVED FORUM -- April 2007 to March 2012
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This is the first Archived Forum which was active between 17th April 2007 and 1st March February 2012

 

Latest post 04-16-2009 11:00 AM by tournedos. 3 replies.
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  • 04-14-2009 6:26 PM

    B&O CEO on CNBC

    http://www.financial24.org/video/bang--olufsen-misses-forecasts----video/

  • 04-15-2009 7:30 AM In reply to

    Re: B&O CEO on CNBC

    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.

  • 04-15-2009 8:06 AM In reply to

    Re: B&O CEO on CNBC

    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

  • 04-16-2009 11:00 AM In reply to

    Re: B&O CEO on CNBC

    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 Smile

    http://www.bang-olufsen.com/issue-of-shares-2009

    -mika

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