Late Snack fra HC Andersen Capital

Welcome Snackers, today’s snack will cover the market developments of Shape Robotics, Curasight, DSV – Global Transport and Logistics and Roblon A/S.

Today’s Market Movements

Denmark:
OMX:C25 (1.92%)

Sweden:
OMX:S30 (0.11%)

Norway:
OBX:OSL (0.64%)

S&P 500 (0.11%)

Nasdaq (0.42%)

European markets today continue to be directed by the Evergrande story. However, market sentiment is now that Evergrande’s liquidity crisis poses less of a threat to the global economy than initially feared. Initially, fear spread that an impending collapse of China’s largest property developer would send Lehman Brother’s like shockwaves through the global economy inducing a global crisis. However, the situation is now understood to be less severe and it looks likely China would intervene to prevent the company’s collapse. Instead, the hope is that the balance sheet crisis can be deflated rather than bursting completely. This change in outlook has buoyed markets. Elsewhere markets look ahead to tomorrow’s FOMC meeting where it is expected clues regarding the FED’s plan to reduce stimulus will be revealed.

Today’s snacks

HC Andersen Capital held two events today with DSV – Global Transport and Logistics and with Roblon A/S. Roblon’s CEO shone a light on the pandemic related issues the company has endured this year but also on the reasons why the company looks ahead to a better 2022. DSV held there introduction to the share event today covering many topics such as its acquisition strategy, potential for growth in the US market, management of the European driver shortage and more. Both of these events can be found on the HCA youtube channel:
DSV: https://lnkd.in/d6yidxDq
Roblon: https://lnkd.in/dgf4z-S6

Shape Robotics today reported an oversubscription from its recent subscription period for new shares. Announced on 26 August the programme would issue DKK 7.01m-11.15m worth of new shares. The company in fact received subscriptions for DKK 37.49m showing a significant oversubscription. This means the company will receive maximum gross proceeds of DKK 11.15m which relates to net proceeds of DKK 9.9m. Markets only reacted slightly to the news with the stock rising 1.5% on the day. Read more about the issue here: https://lnkd.in/esuv_Fp5

Curasight today announced all warrants issued in connection with the company’s IPO have been purchased ahead of the subscription deadline set for 7 October. News of the new equity which has been raised as a result helped drive the share price up 4% today.

Disclaimer: HC Andersen Capital receives payment from the companies for a #DigitalIR agreement.

Author: Philip Coombes

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