1 Like
Skal si det er noen som tar unna store poster nå 
Ser til tider ut som at noen med mange aksjer ikke ønsker at Funcom skal ta av, 
Klarer vi å avslutte dagen på vinnerlisten til OB i dag?
- Ja
- Nei
0 stemmegivere
Investtech: Nyttårsraketter som virkelig kan eksplodere!
Funcom er kraftig ned siden årets toppnotering tidlig i februar. De siste månedene har imidlertid aksjen gått sidelengs mellom støtte i overkant av to kroner og motstand rundt 2,30 kroner. Det er høy risiko i aksjen, men om den tar imot på støtten, kan den lett gå til 2,30 kroner i løpet av en dag eller to. Brytes dette nivået opp, vil det indikere en kraftig økende optimisme hos investorene, og kursen kan da gå til tre kroner eller mer i løpet av noen uker.
7 Likes
Noen synes Funcom er verdt 2,60 pr aksje 
8 Likes
Summary:
Funcom N.V. (Funcom or the Company) is happy to announce that it has entered
into an agreement to establish a joint venture (see below under IP acquisition
through joint venture) with Cabinet Group LLC (Cabinet Group).
The joint venture company will hold interactive/video gaming Intellectual
Property (IP) rights based on the works of Robert E. Howard and classic Swedish
pen & paper and board game properties, including attractive IPs such as Conan
the Barbarian, Solomon Kane, Mutant Chronicles, Mutant: Year Zero. This
is a cashless transaction where Funcom receives a 50% ownership in the joint
venture in exchange for issuing 22,300,000 new shares in the Company (the
Consideration Shares), each at a subscription price of NOK 2.6, to Cabinet
Group. The transaction is subject to customary terms and conditions, including
the approval by the shareholders of Funcom, and is expected to be completed on
or about 30 January 2018.
Our Entertainment IP library is very large beyond Conan with characters and
worlds that extend perfectly into the games business., says Fredrik Malmberg,
President and CEO of the Cabinet Group. We found a strong industrial partner in
Funcom with whom we have had a very good relationship for many years. They have
demonstrated success in a competitive and complex industry. This deal opens many
cross-media opportunities going forward.
Funcom will utilize these IPs, in addition to the Companys internal IPs, as
part of an increased focus on co-development and publishing partnerships with
3rd party developers in order to secure more frequent product launches, increase
the revenue baseline, reduce the risk profile of the Company and generate
additional value creation both in the short, medium and long term.
In order to fund publishing partnerships with 3rd party game developers, and
secondarily to have more flexibility when investing in production of new games
internally , Funcom is also executing a private placement (the Private
Placement) directed towards SwedBank Robur Ny Teknik and SwedBank Robur
Microcap funds, both funds managed by Swedbank Robur Fonder AB of 34,000,000 new
shares (the New Shares) at a subscription price of NOK 2.6 per share,
corresponding to a premium of 18% compared to the closing price of the Companys
shares on the Oslo Stock Exchange as of 15 December 2017. The total gross
proceeds in the private placement will be approximately NOK 88.4 million for
Funcom.
Finally, the Company intends to execute a 5:1 reverse stock split exchanging
five existing shares for one new share. The reverse stock split will not affect
the total market value of the Company or the respective ownership of each
shareholder in Funcom. If the reverse share split is approved, the par value per
Share will increase from EUR 0.04 to EUR 0.20 and if completed prior to issuance
of the Consideration Shares and New Shares all amounts of shares and
subscription prices will be amended in accordance with the reverse stock split
(i.e. in a ratio of five to one). A separate notice with key information
regarding the reverse stock split will be published in due time.
The Supervisory Board has approved the above transactions subject to approval of
an Extraordinary General Meeting to be held on or around 30 January 2018. A
separate stock notice is planned to be released later today with the agenda and
other details regarding this General Meeting.
Swedbank Robur Fonder has followed Funcom over time. We see this as a new giant
leap in Funcoms turnaround. Building on its impressive recent development,
multiple new revenue sources from IP and strategic expansion into publishing
will increase cash flow robustness and boost further growth. Combined with
additional funding and a reverse split the company is now really well positioned
as an attractive long term investment fund manager Erik Sprinchorn commented.
A presentation will be held by Rui Casais (CEO) and Stian Drageset (CFO) on the
subject of this stock notice today, 18 December, at 10:00 AM CET. The
presentation will be held on the Funcom Twitch.TV channel -
https://www.twitch.tv/funcom
Ole Gladhaug, Chairman of the Supervisory Board of Funcom and Executive Vice
President of the Kristian Gerhard Jebsen Group, comments: We welcome Cabinet
and Swedbank Robur as shareholders of Funcom. Both of the announced transactions
will strengthen Funcom in its turnaround and enable future growth. The Kristian
Gerhard Jebsen Group is the largest shareholder in Funcom through KGJ
Investments S.A. SICAV-SIF and KGJ Capital
IP acquisition through joint venture:
The Cabinet Group holds all the rights for a long list of intellectual
properties based on the writings of Robert E Howard and based on the game
creations originally from the Swedish company Target Games. The highlights
from this IP portfolio are the well-known Conan the Barbarian IP, and Solomon
Kane and Mutant Chronicles, both known from major movie productions in 2008
and 2009. In addition to these, there are many characters and worlds such as
Kull of Atlantis, Mutant: Year Zero, Doomtrooper, Kult, among others.
Funcom will in the end, through a new wholly owned Norwegian subsidiary acquire
50% of the participation interest in Heroic Signatures DA (under
incorporation) (Heroic Signatures) from Tranicos LLC, a US company controlled
by Cabinet Group. Cabinet Interactive LLC, a company controlled by Cabinet Group
LLC, will own the remaining 50% of the participation interest in Heroic
Signatures. Heroic Signatures will not have employees and currently has no
operations, assets or liabilities as it is under incorporation. However, as of
closing of the transaction, Heroic Signatures will license all interactive video
game rights in Cabinets IP portfolio through a contribution in kind from
Cabinet Group. As part of this partnership, Cabinet Group provides the IP
knowledge and protection and Funcom provides the gaming industry contacts and
know how. As Heroic Signatures is under incorporation, the company has not been
subject to any financial reporting so far. The value of Funcoms share of the
assets in Heroic Signatures will be approximately USD 7 million compared to the
total assets of Funcom NV of USD 22.4 million as of 3Q17. Heroic Signatures will
be jointly managed by Funcom and Cabinet Group, and will focus on establishing
and executing a roadmap of games on the IPs, across all platforms and regions,
where some of the games will be developed by Funcom and others will be developed
by third party licensees.
Funcom will benefit from its share of the IP royalties including those for Conan
Exiles and Age of Conan, effectively seeing a 50% reduction in IP royalty cost
for those titles. In addition, this greatly expanded IP portfolio is a strong
asset for the Company and for its co-development and publishing activities.
Finally, as part of this transaction, Funcom secures the right to develop three
games based on these IPs to specified terms, two utilizing Conan the Barbarian
and one utilizing a different IP which shall be determined at a later date.
Funcom also commits to developing two of these games in the next four years.
Cabinet Group has agreed to a customary lock up restriction on the Consideration
Shares for a period of six months after the consummation of the transaction.
Cabinet Group is controlled by Mr. Fredrik Malmberg, who is a member of Funcoms
Supervisory Board. Mr. Malmberg has recused himself from the Supervisory Board
when this transaction has been discussed. Apart from this, no agreements have
been or are expected to be entered into in connection with the transaction for
the benefit of the Companys executive management or members of either the
management or supervisory boards.
Increased focus on Co-development and Publishing Partnerships:
In order to diversify the Companys product portfolio, provide more frequent
launches and reduce the reliance on individual titles, the Company wishes to
invest in additional co-development and publishing partnerships similar to the
one established earlier this year with Bearded Dragons International.
These partnerships are intended to leverage the core strengths and markets of
Funcom, with focus on quality - rather than quantity - of projects. The Company
hopes to secure two such product launches per year starting from 2019.
The Private Placement:
The Private Placement is directed towards SwedBank Robur Ny Teknik and Microcap
funds, both funds managed by Swedbank Robur Fonder AB, and consists of an issue
of 34,000,000 New Shares, each at a subscription price of NOK 2.6 per share. The
New Shares are expected to be issued on or about 1 February 2018. The Private
Placement is made in order to raise capital for further growth.
The main objective with the net proceeds of approximately NOK 88.4 million from
the Private Placement is to fund additional game partnership and publishing
opportunities. The proceeds will also increase the flexibility to make
investment decisions for maximum value creation in new internal game development
initiatives.
The Private Placement implies that the pre-emptive rights of the Companys
existing shareholders are deviated from. The Supervisory Board considers that
this deviation is justifiable as the Private Placement is directed towards an
external investor, that the subscription price is above the prevailing market
price of the VPS as of the last date prior to the Private Placement was
announced, and that the expeditious placement reduces the risk of trading based
on assumptions regarding the share price development. The Supervisory Board also
recognizes the value of a reputable long-term investor for the Company and all
shareholders.
The issuance of Consideration Shares and the Private Placement:
Both the Private Placement and The New Shares may only be listed on the Oslo
Stock Exchange following approval of a listing prospectus by the Netherlands
Authority for the Financial Markets, the passporting of the listing prospectus
to Norway, and the publication of the same. The Company intends to publish such
prospectus prior to the issuance of the New Shares, and will thus become listed
and tradable on the Oslo Stock Exchange immediately after the Consideration
Shares have been registered in the Norwegian Central Securities Depository.
If the prospectus has not been approved prior to the issuance of the New Shares,
the New Shares will be issued on a separate ISIN initially and later converted
to the same ISIN as the Companys existing ISIN. In such case, the New Shares
will become listed and tradable on the Oslo Stock Exchange after conversion to
the ordinary ISIN of the Companys shares.
http://heroicsignatures.com
http://cabinetentertainment.com/
http://www.swedbankrobur.com/funds/ny-teknik/
http://www.swedbankrobur.com/funds/microcap
8 Likes
Hva er poenget med en reverse stock split nå? 
Dette må jo være positivt. Og en reverse stock split er vel rimelig irrelevant?
2 Likes
Ja, positiv melding, og trolig irrelevant. Bare ser ikke poenget.
Vi er mao over 2,6 i løpet av dagen.
4 Likes
Det tviler jeg på men kanskje 2,49 
over 2,6 innen 30. januar vil jeg heller si
Jeg har ventet på at ny teknik skulle få opp øynene for funcom og nå skjer det!!!
Swedbank Robur Fonder has followed Funcom over time. “We see this as a new giant leap in Funcom’s turnaround. Building on its impressive recent development, multiple new revenue sources from IP and strategic expansion into publishing will increase cash flow robustness and boost further growth. Combined with additional funding and a reverse split the company is now really well positioned as an attractive long term investment” fund manager Erik Sprinchorn commented.
7 Likes
Men veldig happy med respekten som nåværende aksjonærer får og at emisjonskurs blir lagt 18% over dagens kurs. Lite vanlig det når det kommer til rettede emisjoner.
4 Likes