The airline Norwegian started up on Wednesday, only to fall back to minus 13 percent after a few minutes. The share is currently trading at four Norwegian kroner.
The stock fell over 44 percent yesterday after presenting a crisis plan to obtain an emergency loan last Wednesday afternoon. The stock has lost 89 percent since the beginning of the year.
The London-based brokerage Bernstein no longer sees value in Norwegian shares and has lowered its target price to zero. ”The company’s plans to convert debt into shares make existing shares worthless,” it said in the analysis. Dagens Næringsliv taken part in.
Source: di.se
