Rétts, at rekkum þótti
Ragnarr hauksnarr … ;
rauð bragna vinr blóði
bensildr hringmildr algildr.
Frægr lét gramr með gnógu*
gunnhvatr ólatr †ul† … ;
satts, at siklingr þótti
sjaldhýrr, margskýrr, aldýrr.
Rétts, at Ragnarr þótti rekkum hauksnarr … ; hringmildr, algildr vinr bragna rauð bensildr blóði. Frægr, gunnhvatr, ólatr gramr lét †ul† … með gnógu*; satts, at siklingr þótti sjaldhýrr, margskýrr, aldýrr.
It is right that Ragnarr seemed hawk-keen … to men; the ring-generous, thoroughly splendid friend of the people [= Ragnarr] reddened wound-herrings [SWORDS] with blood. The renowned, battle-swift, not tardy ruler gave … … with abundance; it is true that the lord seemed seldom friendly, very wise, thoroughly excellent.
case: nom.