Hugo Games A/S

Resultat av emisjonen:

Tegningskurs:            11,00

Sluttkurs første dag:  11,80

Avkastning første dag: 7,27%

Oppdatering 17.06.2015: Emisjonen endte med å bli overtegnet meldes det dagen etter fristen for å tegne seg gikk ut.

Hugo Games A/S skal noters på Oslo Axess ved hjelp av Norne Securities AS. Selskapet har fire dataspill i porteføljen i dag alle sentrert rundt figuren Hugo. De leverer spillene via mobilplattformene til Apple (App Store), Google (Play) og Microsoft (Windows Phone Store). De har nye spill i porteføljen som Axe in Face 2. Selskapet er dansk og følger andre små danske selskaper som Napatech, Asetek og Serendex Pharmaceuticals i å foretrekk børsen i Norge fremfor Danmark. Det er i samme anledning verdt å nevne at utviklingen til de tre nevnte selskapene har vært dårlig så det er mulig Oslo Børs ikke er førstevalget deres, men det var der de slapp inn.

Hugo Games A/S har gått med underskudd og har negativt driftsresultat de to siste årene. Balansen viser at det meste av verdier er immaterielle rettigheter, slik jeg leser det er det snakk om merkevareverdien av trollet Hugo. Det hele minner noe om FunCom, som for mange ikke har vært så morro, ved at de skal produsere en stor hit en gang i fremtiden. Det kan være det er noe her jeg ikke har fanget opp så sjekk selv og kom gjerne med en tilbakemelding.

Tegningsperiode: 08.06.2015 til 16.06.2015 kl.16:00.
Kurs: 11 kr.
Ingen retail rabatt.
Minste tegning: 11.000 kr

Om businessen:
Hugo Games A/S is a mobile games company established in 2011 developing interactive; cross-media entertainment content including games and animated series based on the Company’s intellectual property Hugo the troll.

The Company will re-launch the character Hugo on the mobile gaming platform together with the Portuguese professional footballer Cristiano Ronaldo in May 2015.

The new game will be a casual mobile game within the endless runner category in which Hugo and Cristiano Ronaldo both will appear in the game, competing against each other. The game will include several social media features.

Cristiano Ronaldo will also market the game for minimum the next 24 months through his social media platforms (Facebook, Instagram, Twitter, etc.). The Company has more games in its current game portfolio to be released later in 2015 and 2016, i.e. “Flower Flush”, “Axe in Face 2”, etc.

The Company operates within the global mobile games market. The free-to-play business model dominates the mobile games business and micro transactions within the game (ads and in- app purchases) are the key revenue drivers. Major markets that the Company is active on are the Apple Store and Google Play.


Selskapets hjemmeside.

Selskapets prospekt.

Tegning via VPS.

Europris ASA

Resultat av emisjonen:

Tegningskurs:            45,00

Sluttkurs første dag:  43,00

Avkastning første dag: -4,44%

Oppdatering 09.06.2015: Emisjonen i Europris er allerede etter en dag overtegnet. Det er en positiv indikasjon og det blir spennende å se hvor i kursintervallet de havner.

Europris ASA skal på børs ved hjelp av ABG Sundal Collier, Goldman Sachs International, Bank of America Merrill Lynch og SEB. Norsk billigkjede med 223 butikker. Retail i Norge er populært og Europris har de siste årene vært eid av Nordic Capital Fund Vll. Det gjør at denne børsnoteringen minner litt om XXL som også var en retailkjede eid av et private equity selskap da det skulle børsnoteres. Konkurransen i markedet er tøff og økende med aktører som Rusta, Nille, Jula, Biltema, og Clas Ohlson mm. på noe av sortimentet og de store dagligvarekjedene på andre deler av sortimentet. Selskapet tjener penger og ser ut til å ha funnet en nisje som fungerer.

Tegningsperiode: 08.06.2015 til 18.06.2015 kl.12:00.
Kursintervall: 43 til 53 kr.
Ingen retail rabatt (ansatte får 1.500 kr).
Minste tegning: 10.500 kr

Om businessen:
Europris is Norway’s largest discount variety retailer by sales. The Company offers a broad assortment of quality own brand and brand name merchandise across twelve product categories: Home & Kitchen; Groceries; House & Garden; Travel, Leisure & Sport; Electronics; Personal Care; Clothes & Shoes; Handyman; Hobby & Office; Candy & Chocolate; Laundry & Cleaning; and Pets. The Company delivers a unique value proposition for shoppers by offering a broad assortment of quality merchandise at low prices in destination stores across Norway.

The Company’s merchandise is sold through the Europris Chain, which consists of a network of 223 stores throughout Norway, 159 of which are directly owned by the Company and 64 of which operate as franchise stores. The stores are designed to facilitate a consistent, easy and efficient shopping experience with a defined layout and “store-in-store” concept. The Company centrally manages the Chain’s assortment of merchandise, which results in a consistent range of merchandise from each product category in both directly owned and franchise stores. While the Company’s business model includes franchise stores, the Company also takes over franchise stores in a variety of instances, such as at the request or retirement of a franchisee, in circumstances where a franchisee develops health issues or when a franchisee is unwilling to make necessary upgrades or relocations. The Company has taken over more than 40 franchise stores during the period from 1 January 2010 through 31 March 2015.

Europris employs a low cost operating model with a focus on efficiency across the entire value chain from factory to customer. Europris aims to maintain a low cost base through optimised and efficient sourcing, logistics and distribution processes. The Company’s experienced procurement team purchases large volumes of goods that are principally sourced directly from suppliers in low cost countries in Europe and Asia. Sourcing is central to the Company’s value proposition, and in 2013 the Company established a dedicated sourcing office in Shanghai, China, which is structured as a joint venture with Tokmanni Group Oy, one of the largest discount variety retail chains in Finland.

Europris manages inventory in central and overflow warehouses and storage facilities located in Fredrikstad, Norway. The majority of the Company’s inventory is processed through the Company’s central warehouse, which utilises proven inventory and information management systems to monitor inventory levels and storage capacity and process product orders. The Company distributes and delivers products to the stores in the Chain, which offers merchandise to the market using the Europris brand, consistent store concept and centrally managed assortment of merchandise.

The Company and its Management team have a track record of success, and the Company has shown continuous and consistent growth since its founding. The Company’s growth is driven by:

(i) Category management and other initiatives supporting like-for-like growth, including the Company’s own brand and leading brand offering, optimised marketing strategy and extensive store upgrade programme. The Chain’s life-for-like growth has consistently outperformed the market with an average annual like-for-like growth of 4.8% for the period from 2010 through 2014, which is 2.2 times the market growth rate, based on Kvarud Analyse’s yearly assessment of like-for-like growth for a broad range of shopping centres in Norway during the period.

(ii) Focused store rollout programme: since 2010, the Chain has increased from 189 stores to the current 223 stores, and the Company has added more than 30 new directly owned stores to the Chain, including nine new directly owned stores in 2014 and three new directly owned stores in the first quarter of 2015. The Company is committed to its consistent store rollout programme in Norway.

In 2014, the stores in the Chain processed more than 26 million customer transactions across Norway. For the year ended 31 December 2014, the Company generated total operating revenue of NOK 4.3 billion, with an Adjusted EBITDA of NOK 551 million and an Adjusted EBITDA margin of 12.9%.


Selskapets hjemmeside. 
Selskapets prospekt. 
Tegning via VPS.

Pioneer Property Group ASA

Resultat av emisjonen:

Tegningskurs:           100,00

Sluttkurs første dag: 105,00

Avkastning første dag: 5,00%

Pioneer Property Group skal på børs ved hjelp av ABG Sundal Collier og Swedbank. Selskapet eier 112 (prospektet) eller 113 (nettsiden) barnehagetomter. De ønsker en notering på Oslo Axess. Dette er et rent nedsalg fra eksisterende aksjonærer. De skriver i prospektet at de sikter seg inn mot et utbytte på 7 kr. årlig, men med kvartalsvise utbetalinger. En yield på 7% med dagens rentenivå er ganske hyggelig. Samtidig er de i en forholdsvis stabil bransje sett fra etterspørselssiden. En rød regjering kan finne på å endre tilbudssiden selv om det virker som det er en forståelse for et privat tilbud der også nå.

Tegningsperiode: 04.06.2015 til 17.06.2015 kl.12:00.
Kurs: 100 kr.
Ingen retail rabatt.

Om businessen:
Pioneer Property Group is a leading owner and manager of preschool properties in Norway, focused on high quality properties in high populated urban areas throughout the country. As of 12 May 2015, the Company had a property portfolio of 112 properties rented to preschools housing over 11,000 children.

The properties owned by the Group are regulated for the use as preschools, and are leased out on long-term rental contracts to preschool operators, either to Espira Gruppen AS through individual lease contracts with Espira’s operational subsidiaries or to Kidsa Drift AS or to Norlandia Preschools AS, two subsidiaries of Norlandia Care Group AS.

Selskapets hjemmeside.
Selskapets prospekt.
Tegning via VPS.