Hólmreyðar gekk hjálmi
Hörða valdr of faldinn,
enn sá er úthlaupsmönnum,
auðmildr, sakar gildi.
Fellu fjandmenn stillis;
fekk tafn bláum hrafni,
en sigrgæði síðan
sumir skunduðu undan.
Auðmildr valdr Hörða, sá er enn gildi úthlaupsmönnum sakar, gekk of faldinn hjálmi hólmreyðar. Fjandmenn stillis fellu; fekk bláum hrafni tafn, en síðan skunduðu sumir undan sigrgæði.
The wealth-generous ruler of the Hǫrðar [NORWEGIAN KING = Hákon], who again repaid the rebels for their crimes, advanced hooded with the helmet of the island-char [SNAKE > HELMET OF TERROR]. The enemies of the lord fell; he gave bloody prey to the dark raven, and later some rushed away from the victory-strengthener [WARRIOR].
[1] ‑reyðar: so F, ‘ryrar’ E, 81a, ‘ryrir’ 42ˣ, reyrar 8, Flat
[1] hjálmi hólmreyðar ‘with the helmet of the island-char [SNAKE > HELMET OF TERROR]’: An allusion to the œgishjálmr ‘helmet of terror’ that belonged to the dragon Fáfnir. See Note to Sturl Hákkv 14/2. For reyðr ‘char’ (a fish, Arctic char, Salvelinus alpinus) in this kenning for ‘snake’, see Note to Sturl Hrafn 7/8.
case: gen.