From Monday, July 2 and until 07.04 investors may subscribe to shares of the new recruit to the Moroccan stock market: the company TIMAR company involved in international transport of goods and logistics. It
Finergy brokerage firm to act as co computer and leader of a syndicate composed of Eurobourse and credit of Morocco and its brokerage firm CoM Capital for this new SMEs which turns to the Moroccan financial market.
Finergy is positioning itself as a specialist in small IPOs, having already managed to convince Mediaco companies, Dari COUSPATE, RS or Cartier Saada to take the step he relapse again in 2007 with the SME TIMAR.
Indeed this is a relatively small size with an offer of 45,000 shares at the underwriting of 350 dhs is a limited amount of 15.75 million dirhams.
Although this introduction will not change the appearance of the Casablanca side it will nonetheless help to broaden the range and diversity of industries present in the Moroccan financial market, it will be only the second listed company sector of transport after CTM.
The transaction will be effected through one type of offer management of natural persons or legal entities expressing orders less than or equal to 285 shares, which could enable interested investors to be relatively well served with satisfaction that could reach two digits, which would be a progress in itself for the Moroccan stock market. Finally
in short, the company achieved a turnover in 2006 of 99.895 million dirhams, up 47% over 2005 thanks to a transport operation of wind on behalf of a English company, and a result net 3.31 million dhs.
The equity of the company are 16.57 million dhs for a medium-term debt of 11 million dirhams from Attijariwafa bank.
The company employs 120 employees in 2006.
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