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Remedy sell approximately 1.4% of stocks ahead of Control release

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thuway

thuway

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Oct 27, 2017
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According to a Finnish website -


DISREGARD TITLE.

The owners of Remedy have SOLD approximately 1.4 percent of the company stocks ahead of the release of Control.


People much smarter than me about this indicate this has nothing to do with a takeover and is most likely a result of a higher than average stock value.


Apologize if misinterpreting or if it's already been reported. Mods can you please edit title?
 
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Y2Kev

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Oct 25, 2017
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Ah yes, the classic trick of when someone is about to pay you a premium for something you have and you sell it to someone else without the premium before they can pay you.
 
MilesQ

MilesQ

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Oct 25, 2017
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Are investors now drawing conclusions from your sales?

"That's what I can't say. I still hold 95% of my Remedy ownership, Markus is probably 96%. "

Remedy's share fell nearly seven percent on Friday afternoon.
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Not significant in the grand scheme.
 
Einbroch

Einbroch

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Oct 25, 2017
18,000
Why would you sell shares in a company when you're expecting to be purchased. Think people.
 
MilesQ

MilesQ

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thuway said:
According to a Finnish website -


The owners of Remedy have sold a large amount of shares (170,000) of the company ahead of the release of Control.


I'm unsure what this all means - possibly buyout from a company, lack of faith in the product, or something I've completely misunderstood.


Apologize if misinterpreting or if it's already been reported.
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As mentioned in the SIE thread, their stock saw a significant bump so they decided to sell.

I think some people are looking too closely for things that aren't there and in doing so are misinterpreting actions.
 
Kalor

Kalor

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Why are so many people talking about acqusitions? Their new game is about to launch, there's 0 reason to suspect that they're being acquired.
 
Braaier

Braaier

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Oct 29, 2017
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Y2Kev said:
Ah yes, the classic trick of when someone is about to pay you a premium for something you have and you sell it to someone else without the premium before they can pay you.
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Yeah lol. Ppl don't understand the stock market. Probably folks just unloading stocks due to the recent rise in price. Control looks to underperform so better to sell now if you are thinking of selling at all
 
StrikeFirst117

StrikeFirst117

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Oct 25, 2017
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Uhh wouldn't this be more related to their expectations on Control.
Also people always sell shares in companies when their values increase to a point where they think they should offload or sell them.
 
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Omnistalgic

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Sony ain't buying them they just snuggling up because there were some sour grapes with MS and it's the first Remedy game on PS in forever
 
syllogism

syllogism

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Oct 25, 2017
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The article has an interview regarding their intent and timing. Nothing too interesting, but they still hold roughly 95% of their original holdings.

e: ah, mentioned above
 
MilesQ

MilesQ

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Dr. Mario said:
Control has zero hype, probably expecting a bomb so quickly cashing in on the previous bump. Makes sense, though it's a bad look.
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They sound optimistic,

Then, Virtala admits that he already knows how the game has been received in advance estimates and pre-sold in selected markets.

"Now let's just say we have a positive, enthusiastic atmosphere."

Much more cannot be disclosed by the CEO of a listed company.
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Proven

Proven

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Oct 29, 2017
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This could also mean some stockholders expect control to bomb. Outside of here I've heard zero hype on the game.
 
Rogote

Rogote

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Oct 25, 2017
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Their stock became more valuable lately so they sold it at good price to get some extra cash it seems.
 
chadskin

chadskin

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Daedardus said:
I'm not actually sure whether you can count expecting bad game sales under insider information, due to the erratic nature of game sales it's info that wouldn't have been known to them either.
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They are privy to pre-order sales information, however, and should be able to extrapolate sales to get a more educated guess than you and I could.
 
poklane

poklane

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Oct 25, 2017
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170,000 shares is a little over 1.4%, I wouldn't really call that a lot. Share prices having gone up significantly the last few weeks so they probably just saw it as a good time to make some money.
Einbroch said:
Why would you sell shares in a company when you're expecting to be purchased. Think people.
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This as well. When a public company gets bought their share value tends in inflate, especially if such an acquisitions leaks beforehand. Even just looking at the history of Remedy's share price the price jumped €0.60 on the day PushSquare published their article about them having heard Sony was considering a bid. Obviously it could have jumped for other reasons, but it's still interesting.
 
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Deleted member 9317

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There are 14 million total shares of Remedy. 170,000 shares is miniscule (roughly 1% of the company shares). It also accounts to roughly €2 million, which does not sound like a scoop, and sound more like investors buying into Remedy's future as Finland's gaming powerhouse.

Is Remedy ready to be bought out? I'm not sure. Their financial statements sound like they are enjoying their independence, and are planning to release a game or expansion pack every year.

Is this just the owners of Remedy (who own majority of the shares) selling some of their shares before the release of Control, to make quick money and enjoy a vacation.
 

Deleted member 9317

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Chopin the Third said:
People really are acquisition hungry, huh? I hope Insomniac is the last of them. Also, why would Sony want to buy Remedy? They would add nothing.
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We are about see Alan Wake ports on PlayStation (s) next year, and Control expansion pack as well. 505 Games also has a deal with EGS so I'm sure they recouped some money. The company is doing good.
 

Deleted member 20852

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Remedy stock hasn't been moving very fast. One plausible explanation is just that they sold because they could, as there's been more buzz around the company due to Control release.
 
MangoUltz

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Mar 24, 2019
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Taking advantage of a significant bump in stock is normal. 170k shares probably not even that large in terms of overall available stock.
 
ResetGreyWolf

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MilesQ said:
Not significant in the grand scheme.
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MilesQ said:
As mentioned in the SIE thread, their stock saw a significant bump so they decided to sell.

I think some people are looking too closely for things that aren't there and in doing so are misinterpreting actions.
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Really glad (and somewhat surprised) to find at least one sensible voice in a ResetEra thread on stocks.

People are skipping these two posts; they definitely should be in the OP or threadmarked.

Also I gotta say there's a surprising number of people here who don't really seem to know that insider trading is very much illegal and not particularly hard to catch.
 
Salty Rice

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Not surprising i feel like there is zero hype for Control and i forgot its coming out now if i wouldnt saw the launch trailer thread.

Hope im wrong and it turns out be like Days Gone that felt like zero hype when releasing but sold great.
 
BlueManifest

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If someone is about to buy a company you don't sell your stock because the price usually goes up in a buyout
 
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