The results of the introduction of group M2M might appear at first glance like a good news for the Casablanca Stock Exchange which is currently undergoing a period Alcam with relatively low trading volumes and a short time horizon that does not seem to reassure investors or at least give them a clear vision of a positive trend that would allow them to place to buy.
Calm prevails so in recent weeks on the Moroccan financial market and no news has upset the place except the title Addoha which just announced one after an alliance with the giant English company Fadesa in a joint at 50-50 and taking 3% stake in Moroccan bank CIH seeks to shed its role as banking, real estate and tourism to become a universal bank.
But for now this has not yet been any repercussions on the animation market, and market capitalization of the Moroccan market is still stuck under the symbolic $ 500 billion dirhams.
Moreover the results of the introduction of M2M we look more closely merely confirm a trend now firmly established on the Moroccan place, the oversubscription in its way into the minds of investors, which pushes them to seek whenever the maximum allowed and maintenance, and satisfaction rates to ridiculous levels.
Thus, in addition to employees of companies that are protected This shopping spree thanks to a share which is reserved, the other categories of investors will see that credited interest rate of between 1% and 5%.
In the case of M2M, the satisfaction rate actually fell to 0.66% for Institutional, never seen.
To subscribe whether introductions is still up, even if for the moment the new listed companies have seen their strong progress during the first days which saves a little money, as such grew M2M 11.6% since its introduction even if the session Friday saw during the dive 7.70% to 1222 dirhams. Pending future
introduction of CGI, a subsidiary of Caisse des immobolière Filing and Management here are the results from that of M2M.
Order 1 reserved for employees
Amount subscribed: 11,206,230 dhs
Action requested: 10 234 shares
Shares allotted: 6 990 shares
satisfaction rate: 68.30%
Number of subscribers: 56
Order 2 persons only physical and moral expressing lower orders to 274 titles
Amount subscribed: 1367813775 dhs
Action requested: 1,249,145 shares
Shares allotted: 38,867 shares
satisfaction rate: 3.11%
Number of subscribers: 11 804
Order 3 for natural persons and legal entities expressing orders over 271 titles and 6500 titles below
Amount subscribed: 4280241840 dhs
Action requested: 3,908,872 shares
Shares allotted: 38,867 shares
satisfaction rate: 0.99%
Number of subscribers: 1818
Order 4 reserved for institutional
Amount subscribed: 7426426875 dhs
Action requested: 6,782,125 shares
Shares allotted: 44,831 shares
Satisfaction : 0.66%
Number of subscribers: 526
