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Broke the $3.00 barrier.
hobo9766
Member UncommonPosts: 457
Going down. At 10:53AM : 2.99 Down 0.04 (1.32%)
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hobo9766
Member UncommonPosts: 457
Going down. At 10:53AM : 2.99 Down 0.04 (1.32%)
Comments
and?
Well, this is a FORUM where we talk about all things related to AoC. Stock price could have a direct effect to AoC if FC goes bankrupt.
OP contributed to this discussion. You didn't. You're probably a gamer who is just playing AoC and doesn't care about financial stuff but financial stuff IS very important and some of us like to talk about it. If you don't want to talk about stock prices, please go post on another thread.
Rapid decline of FC stock seems to continue. It's dropping more slowly now, but it IS still dropping. We'll have to wait and see whether DX10 will have any effect on stock price.
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Originally posted by Frobner
"Massive sieges" "mounted combat" and "spellweaving" are just few words that spring to mind when I hear the word AOC.... But the word FAILURE will always top the list.
Well, this is a FORUM where we talk about all things related to AoC. Stock price could have a direct effect to AoC if FC goes bankrupt.
OP contributed to this discussion. You didn't. You're probably a gamer who is just playing AoC and doesn't care about financial stuff but financial stuff IS very important and some of us like to talk about it. If you don't want to talk about stock prices, please go post on another thread.
Rapid decline of FC stock seems to continue. It's dropping more slowly now, but it IS still dropping. We'll have to wait and see whether DX10 will have any effect on stock price.
No Scaedgirl, you missunderstand...yet again.
I specifically asked the OP where the rest of his discussion was by asking "AND?". Just posting the current stock price is not discussion as you put it, maybe the OP missed the second part of his "Discussion" out or the forum botched up his post.
Go troll somewher else
I think what OP posted was NEWS. What's happening with FC stock price can be considered news. I mean it has almost hit rock bottom in a couple of months and might affect the future of AoC.
If we want, we can now discuss about these news. Just like I did earlier speculation whether DX10 will have any affect on the current stock price. YOU on the other hand have brought NOTHING usefull to this thread and you accuse ME of being a troll?
Like I said before, if you don't like financial discussion, just skip those threads.
-----------------------------
Originally posted by Frobner
"Massive sieges" "mounted combat" and "spellweaving" are just few words that spring to mind when I hear the word AOC.... But the word FAILURE will always top the list.
I think what OP posted was NEWS. What's happening with FC stock price can be considered news. I mean it has almost hit rock bottom in a couple of months and might affect the future of AoC.
If we want, we can now discuss about these news. Just like I did earlier speculation whether DX10 will have any affect on the current stock price. YOU on the other hand have brought NOTHING usefull to this thread and you accuse ME of being a troll?
Like I said before, if you don't like financial discussion, just skip those threads.
rock bottom is a relative term. The stock has barely moved the last month or so, and has been trading on very light volume. Two months ago, it would trade 700k shares a day, now most days are <100k shares per day. There will be a significant movement when they have the 'special' stockholders meeting in December. It still seems investors are doubtful that Funcom has 36M in the bank, since you can actually buy the entire company for less than that.
And the warning about rock-bottom. If a stock falls from $55 to $3, and you think that is rock bottom and invest... the stock only has to drop $1.50 more for you to lose half your money. When a stock is trading on VERY light volume, it only takes one or two orders to move the stock drastically.
Well, this is a FORUM where we talk about all things related to AoC. Stock price could have a direct effect to AoC if FC goes bankrupt.
OP contributed to this discussion. You didn't. You're probably a gamer who is just playing AoC and doesn't care about financial stuff but financial stuff IS very important and some of us like to talk about it. If you don't want to talk about stock prices, please go post on another thread.
Rapid decline of FC stock seems to continue. It's dropping more slowly now, but it IS still dropping. We'll have to wait and see whether DX10 will have any effect on stock price.
Yes, because only trolls can post on these forums!! Get outta here you fan of AOC we dont take kindly to your kind around here!
On a serious note. ScaredGirl When have you actually contributed ANYTHING to these boards??
still funny stock positive threads are allowed to stay up, while stock negative threads (like this one) are locked
something off about that
Just when you think you have all the answers, I change the questions.
Not really.
When Stock price x number of issued stocks < Company Assets then I would call that rock bottom... at that point you could make money (in theory) by buying the company and selling the parts?
(That is a very simplified post - it's late)
Nothing says irony like spelling ideot wrong.
ya seriously, but i guess the sites not perfect so whatever. i usually ignore these stock posts cuz the ppl usually dont know what their talking about. just walk away sabradin youll be happier
Not really.
When Stock price x number of issued stocks < Company Assets then I would call that rock bottom... at that point you could make money (in theory) by buying the company and selling the parts?
(That is a very simplified post - it's late)
It's not just theory, it happens all the time. (EDIT: i.e. a bust-up takeover)
Against FC: This can become very, very bad news if FC continues going down this path. While stock is not an exact estimate of funds within a company, it's still a good use for an estimate. Whether you like or hate FC, this doesn't mean anything but bad news... if it continues down this path.
Defense of FC: People seem to be forgetting that we're in a bear market right now, meaning the market is in a state of selling over buying. FC, along with everyone other companie's stock, is showing downward trend with the rest of the economy and the fact that we are in a state of widespread pessimism. But, soon enough we'll end up in bull market again, and with that, many companies such as FC should be taking a wide slope upward... in FC's case it probably won't increase a huge amount, but it shouldn't be going on a downward slope as it has been currently. AT least for a little while.
Of course, by January we will see another one of these kinds of posts by a fan of this game mentioning FC's stock took a quantum leap... when in all honesty, it's all just thanks to Christmas cheer and bull market. In all honesty, these stock threads really are tiring, bothersome, and if you ask me, meaningless when used in excess. Sure, it's info and debatable info nonetheless. Yet, when people use stock simply for the sake of trolling for the good of this game or just to join in on the hate crowd and have no idea how the market flows, it makes things frivolous.
If you are referring to the stock price in US Dollars it broke though that in mid August. The price you are getting off the Yahoo Stock quotes is in NOK or Norwegian Kroner 1 NOK is about 13 cents US give or take. The value of a share of Funcom stock today in US Dollars would be 39 cents.
Use the Business Week page, if you are really interested in tracking the value. It lists the Funcom share price in US Dollars.
investing.businessweek.com/research/stocks/snapshot/snapshot.asp
I miss DAoC
Not really.
When Stock price x number of issued stocks < Company Assets then I would call that rock bottom... at that point you could make money (in theory) by buying the company and selling the parts?
(That is a very simplified post - it's late)
It's not just theory, it happens all the time. (EDIT: i.e. a bust-up takeover)
That's how the 'Gordon Gekkos of the world make a quick buck, happens everyday all over the world. Something tells me FC books are a bit too cooked ** to attract real interest by professional Axe Men.
** (see the amazing extra 6 million dollars out of thin air recorded last quarterly)
Man, that 6 month stock price diagram is brutal. Every time I see it, I'm amazed FC is still in business. You can only imagine how grim the mood is in FC headquarter. I wonder if Craig need sleeping pills to sleep at night?
-----------------------------
Originally posted by Frobner
"Massive sieges" "mounted combat" and "spellweaving" are just few words that spring to mind when I hear the word AOC.... But the word FAILURE will always top the list.
Man, that 6 month stock price diagram is brutal. Every time I see it, I'm amazed FC is still in business. You can only imagine how grim the mood is in FC headquarter. I wonder if Craig need sleeping pills to sleep at night?
While Craig had his tenure running Anarchy Online, I got the impression he was no dummy.
If they offered to pay him with stock options, I am sure he passed.
Not really.
When Stock price x number of issued stocks < Company Assets then I would call that rock bottom... at that point you could make money (in theory) by buying the company and selling the parts?
(That is a very simplified post - it's late)
It's not just theory, it happens all the time. (EDIT: i.e. a bust-up takeover)
That's how the 'Gordon Gekkos of the world make a quick buck, happens everyday all over the world. Something tells me FC books are a bit too cooked ** to attract real interest by professional Axe Men.
** (see the amazing extra 6 million dollars out of thin air recorded last quarterly)
That was my point. I don't know how Funcom got away with that?
$6M was a large chunk of money in relation to their turnover. Now before you flame me and tell me that this happens all the time... I know that. I own a company.
I have made mistakes of the same sort - and when you discover them you write a letter to the Tax Office and make a correction. But, in relation to my revenue, my mistakes are small.
If I made a mistake equaling more than 25% of my revenue I would expect an audit.
Nothing says irony like spelling ideot wrong.
I would say buy now and sell in 2 years
Lol
My tip is: don't invest in FC stocks any money which you are not willing to lose. There is a big chance FC won't here there in 2 years.
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Originally posted by Frobner
"Massive sieges" "mounted combat" and "spellweaving" are just few words that spring to mind when I hear the word AOC.... But the word FAILURE will always top the list.
Well - there was a guy here telling ppl to buy if it went under 10 NKR cause it would HAVE to come up then. Nope it didn't.... The game is now where it belongs - both in playerbase and raiting (6-7). And the stockprice is about right at 3 NKR considering that.
I saw that guy today on the street. He had no pants and was living in a cardboard box. He was still playing Age of Conan with his stolen laptop and a wireless connection from an internet cafe nearby.
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Originally posted by Frobner
"Massive sieges" "mounted combat" and "spellweaving" are just few words that spring to mind when I hear the word AOC.... But the word FAILURE will always top the list.
Thats like 50 cents per share, right?
1 dollar = 6 or 7 NOK.
Not that the comapny is worth buying shares in.
It's actually 39 cents and going down.
investing.businessweek.com/research/stocks/snapshot/snapshot.asp
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Originally posted by Frobner
"Massive sieges" "mounted combat" and "spellweaving" are just few words that spring to mind when I hear the word AOC.... But the word FAILURE will always top the list.
Around a month or so ago I saw it at 2.90 nok. Its the lowest Ive ever seen it. For some reason the 52 week range wont go any lower than 3.48 nok.
Expect some big news out of Funcom sometime in Feb.
It's actually 39 cents and going down.
investing.businessweek.com/research/stocks/snapshot/snapshot.asp
So its 39 cents a share right now, they own the rights to AoC which is still popular enough to make profit from subs, as well as other games. There is a small chance the company will go out of bissnuess, a slightly higher chance of the company being bought out, and a slim chance of someone buying them out. Hmm ... maybe buying of FC is worth it since if the stock goes up, or if they get bought, you'll still make profit.
Edit: FYI, FC's stock didn't start to completly tank until banks around the world stopped lending people money which was late August so most losses from Sep to now can be explained by general economic down turn. This is evident if you compare stock value over the last 5 years. AoC was FC first big title and thus caused the stack to sky rocket at launch, but due to an early release it caused FCs stock to drop back to where it was before the game's release.
Games:
Currently playing:Nothing
Will play: Darkfall: Unholy Wars
Past games:
Guild Wars 2 - Xpiher Duminous
Xpiher's GW2
GW 1 - Xpiher Duminous
Darkfall - Xpiher Duminous (NA) retired
AoC - Xpiher (Tyranny) retired
Warhammer - Xpiher
funcoms stock was at it's lowest point in the companys history before the financial problems hit the markets. you can easily see that by looking at the funcom graph and compaing it to the nasdaq, ftse etc graphs. It was about 10 nok lower than it was at the same point last year so its far more than just the world finances fault..