In today’s briefing:
- Ørsted: New Shares 10 Oct | Single-Line Supply/Digestion
Ørsted: New Shares 10 Oct | Single-Line Supply/Digestion
- Rights done; allocations set; new shares list 10 Oct under DK0060094928; temp ISIN DK0064307755 subscription-only; ISIN merge 13 Oct 17:59 CEST.
- Tape orderly into listing; shares 106.5→119 since ex-rights; rights basis tightened to ±~2% versus parity; expect single-line supply/digestion as subscribed stock meets the tape.
- Trade stance: fade the listing flush; buy 103–106, add 108–110 reclaim; target 114–118 (stretch 121–124); hard stop <101; confirm ≥DKK 1.0–1.5bn day-one value.
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