Johan H. Andresen and his family's investment group Ferd were one of the cornerstone investors when the online trading company went public in 2017. Since the listing, Andresen's crews have increased their weighting significantly and own at most 14.5 percent of the company. Yesterday, the investment company's shares fell below 10 percent after selling 1.68 million shares worth NOK 210 million.
A silent individual but confirms the positive development.
– We have invested in the company since it went public in 2017 and the company has developed satisfactorily since then, commented one individual.
Corona winner
The listing price was set at NOK 62 in 2017 and the investment firm owned by the Andreessen family entered the company with NOK 200 million for a 5.8 percent stake. Now they sell for an average price of 125.58 SEK.
Following the deal, Ferd now has 6.6 million shares, equivalent to more than NOK 800 million, or 9.66 percent.
In 2020, with closed national borders, strong coronavirus restrictions and declining footfalls in brick-and-mortar stores, it was online stores that won market shares. The stake rose sharply and saw its peak in April 2021 at NOK 220. The share price now stands at 121.90 SEK, a decline of 44 percent since the peak.
Strong end to the year
Boozt presented its fourth-quarter numbers on February 8. Fasit showed a turnover of 2,993 million Swedish krona, compared to 2,438 million in the same period last year. The operating result ended at NOK 183 million. For 2023, trading volume ended at SEK 7,755 million, an increase of 15 percent on 2022.
The last time Ferd cut his weight in the online trading company was approx. a year ago. Andresen then sold 1.3 million shares at roughly the same prices as yesterday, according to Holdings.
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