How much could Embracer have influenced those LOTR productions? The game was already announced in 2019 and Embracer bought the rights in 2022. A bit the same situation with Rings of Power.
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The latest Kingdom Come: Deliverance II trailer was released yesterday as promised. Could this be the catalyst? At least for me, expectations for the game are high, both as an investor and a player. The release was moved up by a week, which gives the impression that the package is well put together.
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The Game Awards were quiet for Embracer; only Metro VR was nominated in one category, but it didn’t win the VR experience title.
The Legacy of Kain remaster was released on Steam and reportedly peaked at 24th in sales; the overall reception is positive. However, the re-release of the old game has already started to fade, and a drop from the charts (top 100) will likely happen soon.
It’s interesting to see how permanent this new stock price exceeding 30 is; I’m somewhat skeptical until we are permanently in the 40 SEK range 
Short sellers still have 90 million shares to cover, but I’m worried about the major principal owners’ exit activities, as they are essentially giving them a free pass.
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A short trailer for Killing Floor was shown, but the only new announcement seemed to be Milestone’s Screamer. I remember playing Screamer back in the 90s, and it’s their own IP. A niche game, in any case. Otherwise, it was quite quiet from Emppu’s side.
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Do they still think they can make it with the Asmodee spin-off by the end of the year? There aren’t many days left.
EDIT: apparently they won’t
Today they are holding an extraordinary general meeting, where they will almost certainly approve a reverse split and authorize the board to decide on Asmodee’s spin-off date.
The most optimistic expectation is that today a date would be announced for the board game company’s stock market debut. They have been pondering this for a while now.
[https://embracer.com/releases/announcement-from-embracer-groups-extra-general-meeting-7/]
No dates were announced, mainly an announcement that detailed procedures will be published soon. Asmodee’s first trading day no later than March 2025.
[https://embracer.com/releases/record-date-for-reverse-share-split-in-embracer-group/]
Jan 15. First day with the new share price.
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The reverse split went through and the lists are still fluctuating a bit, but it seems that Embracer is no longer on Sweden’s top 15 most shorted list, and the current short interest is somewhere between 3.8-3.9%. The biggest players have made some private agreements to get rid of their short positions.
Kingdom Come Deliverance 2 will break at least one Baldur’s Gate 3 record upon its release. Namely, in the amount of dialogue; it seems there’s plenty of it in the game.
Also, the necessary regulatory approvals for the Easybrain deal came through, so the Asmodee spin-off date will likely be announced very soon.
Update on that short interest data: it might just be a registry issue, so let’s wait for new information. In principle, that drop is not impossible, and there was one major reducer among the main owners in the current quarter. It will be interesting to see how the bearish short-sellers react to the change in Embracer’s situation.
A week has passed since the last top 15 short list, and Embracer has dropped off the list. And at the end of the day, new 52-week highs again.
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There’s the split date for Asmodee.
Alinea Analytics speculated in some X tweet about KCD2 sales, estimating it would reach the 2 million milestone by the end of March.
Positive news is coming out…
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This week, those Asmodees will move under their own ticker; it might take several years to see the first dividends. But if you’re not in a hurry for money, Asmodee could still have a lot of good things in store in the longer term, once the growth strategy acquisitions start showing in their operations.
Kingdom Come Deliverance 2 was/is among the top three best-selling games on Steam.
The short situation has been jumping around, and there still doesn’t seem to be full certainty about the actual situation. Now it looks like it was 5.9% (last Friday); they’ve been messed up ever since the reverse split. I expect the direction to be down.
Embu is doing well, and positive news seems to be continuing one after another.
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Today, Embracer is trading on the stock market without the right to Asmodee shares, which will then appear on Friday.
And now KCD2 had the brightest spot on Steam, let’s hope for a long reign for Henry.
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This stock has certainly offered excitement. First, that reverse split created some positive excitement for a moment, and now my morning coffee almost went down the wrong pipe again when it crashed over 40% at the open. I don’t know much about the company itself. We’re in with a small position and enjoying the ride. There’s been some good buzz, and it’s a good counterbalance in my portfolio to the Kesko, Tokmanni, Nordea, Fortum, etc. that are the main focus… 
Did you notice that Asmode situation, which is likely the reason for the “crash”?
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Well, that’s what was interesting here, as I first thought that a drop in recommendations/negative news etc. was the reason, and only then did I read that Asmodee will be available on Friday. So it looks good, assuming that Asmodee’s price would settle roughly 1:1 with Embracer. Often these spin-offs can bring added value. I’ll hold onto both stocks, and I probably won’t even sell Asmodee to buy more Embracer with it. Thanks for your attention!
Is there any information on how Asmodee’s acquisition value is determined? Today, Embracer was listed without Asmodee, and its share price dropped by over 40% from yesterday’s listing. On Friday, we will find out the fair value of Asmodee’s share, but can its exact acquisition value already be determined? Asmodee will be interpreted as a distribution of profit from Embracer, in which case, when selling the share, one should be able to determine its acquisition value and, at the same time, the amount of dividend received.
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Good question, to which I’d also like an answer. I guess the 100 SEK “analysts” analyzed it as the market value. On what basis the acquisition value would be determined, I don’t know then. Could that acquisition value then be the first day’s quotation? Or could it be 100/230 for Asmo’s part and 130/230 for Empu’s part, by which the acquisition value would be determined at the “h-moment”.
I don’t know the correct answer, but I’m going by the previous day’s closing price and the next morning’s opening price.
230 sek Monday’s close.
Tuesday’s opening was around 130, from which that 100 would remain for Asmodeus.
Usually the bank then corrects those within a week or so.
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It seems that the tax authority will publish these in the coming weeks, and the acquisition prices are based precisely on the opening prices. So, one could indeed expect that Asmodee’s acquisition price would be approximately 100/230 and for Embracer 130/230 from the starting price.
This is probably the most logical solution to the challenge. Interestingly, or just a coincidence, that Monday’s last trades brought the quotation exactly to this (230 SEK), which would strongly support the division you mentioned (130/100). Nordea has not been able to maintain the acquisition costs of my Emba shares after this reverse split, as I sold some of the shares. I wonder if they would succeed in determining the acquisition cost for Asmodee. Good, if they succeed.
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Henkka is really making things happen there, I wonder if a number will come out soon about which milestone will be broken.
Remnant 2 at least fell behind KCD2 in first-night concurrent players, but for the released Space Marine 2, more would still be needed…
The most successful game measured by concurrent players has probably been Valheim, which is far ahead.
According to my calculations, the old stock price of 40 SEK would have been broken with strong volumes.
Asmodee’s listing on Friday is, of course, a bit exciting as to which direction we’ll head.
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Sold over a million
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