HCA Market Close 21/12/2022: Featuring Shape Robotics, Re-Match, and Penneo
HCA Market Close 21.12.22 – Shape Robotics and Re-Match announced new orders today, while Penneo announced a change within its management team.
Market Movements:
Denmark: OMX:C25 (+0.96%) ; Sweden: OMX:S30 (+1.41%) ; Norway: OBX:OSL (+1.06%) ; S&P 500 (+1.34%) ; Nasdaq (+1.55%); Stoxx 600 (+1.64%)
Market Drivers:
Markets gained today following strong earnings from FedEx and Nike.
FedEx is often considered a bellwether for the real economy, while Nike can be a good gauge for consumer spending. Stronger-than-expected earnings for both of these companies lifted the mood in the markets. While markets broadly performed well, energy and commodities also had a strong session as oil prices gained for a third straight day, after a report showed a drop in US Crude inventories. Iron ore and copper prices also rose.
Snacks from the HCA Platform:
Yesterday after the market closed, Re-Match announced an agreement with FOG & VENØ of the sale of recycled artificial turf (back-end products) for use in FOG & VENØ’s production of acoustic panels, Recycled Turf Panels. The agreement is a letter of intent regarding 1,000 tonnes of recycled artificial turf from Re-Match, which will result in a potential doubling of the budgeted revenue for Re-Match’s Herning factory for the financial year 2023. Following the significant agreement, the Re-Match share gained 30.9% in today’s trading.
This morning, Shape Robotics announced new orders and confirmed its 2022 revenue guidance range of DKK 81-91m. Today’s announcement included new orders from Danish municipalities, a large new order of 11 Steam Labs valued to a total of approx. EUR 500,000 from its new partner in Romania, Network One Distribution, and also an order from its US partner, Pitsco Education. The share gained 12.2% in today’s trading.
Penneo announced a management change today as the company has hired Hans J. Skovgaard as a new Chief Technology and Product Officer (CTPO). This is the second management hiring recently, as the company also announced a new Chief Marketing Officer last week. Hans J. Skovgaard will join Penneo as of 1 February 2023 and will be responsible for the company’s product development teams and strategic direction of the product roadmap. He has over 20 years of technology and software engineering leadership experience in different companies. The share declined -1.62% in today’s trading.
You can follow the conversation at the Inderes.dk forum: https://forum.inderes.dk/
Disclaimer: HC Andersen Capital receives payment from the companies for a #DigitalIR agreement./ Philip Coombes 18:05