Renewed interest in the stock market by individuals
While subscribing to the introduction of the insurance company Atlanta-Sanad has just ended so early this Wednesday 03 October, investors are already looking towards the future rookie of the rating, the company SNEP. Indeed
regarding Atlanta demand once again exceeded all expectations, the orders were pouring in early in the agencies by individuals who rushed to their banks for fear of not being able to place their request before the fateful date of the closing early which led again to a massive oversubscription, the risk of being disappointed many.
More and more individuals, attracted by the runaway success of Adohha and CGI, turned to the stock market to build their savings, not hesitating to place orders for several million dirhams, helped in this by Bankers granting of credit leverage with a vengeance to their best customers, which leads to disconnect more and more demand expressed real satisfaction of investors.
It is not uncommon to see the introduction see overall satisfaction rate fall below 5%.
The amateurism of some investors and lack of training and professionalism of some bankers who fail in their role to advise that you arrive at the paradoxical situation where applications are millions of less well served than the demand few thousand dirhams.
How did we get here?
Quite simply through the different types of orders in each introduction that does not enjoy the same treatment in the calculation rule for the allocation of shares.
For example in the case of CGI, the category of lower orders at 300 000 dhs was served by successive iteration Burning Out to the number of shares allocated to that category, are distributed to each clear action from the subscribers who have requested to the last 300 000 dhs investors, once he reached the last remaining shares to distribute, we did another round until there is more action.
So that applying 2 shares will be fully served in the 2nd turn, asked for 3 shares in the 3rd round ... etc.
So it is clear that this category focuses on three small shareholders, having served the maximum was 15 shares.
While category 4, which included orders of more than 300,000 dhs 25 million was used in proportion to demand.
Knowing that the satisfaction rate was 0.46% in this category, as well as for category 3, it was an express order of 3.104 million dirhams.
So all those who have been advised to invest in under 3 million dirhams have been had. So
time that bankers will push individuals to express their demands in order to inflate to have a maximum of action, there will always be on underwriting massive and disappointed investors who will watch the upcoming introductions eagerly hoping to catch up.
An estimated 100,000 individuals who invest in stock in Morocco hope that their behavior will improve over introductions and will encourage others to follow their steps to invest in the long term and not only on the speculation during introductions
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