Trarem Africa Ltd. The company specializes in the manufacture and distribution of office furniture has decided to take the plunge and enter the Casablanca stock exchange while the latter is undergoing a crisis leads in negative territory with an annual loss of nearly 3.5%.
The time may indeed appear quite inadvisable to raise capital on the Moroccan market, although the extent of the operation still quite modest at only 100.5 million dirhams, it does the attitude of investors is rather to be cautious and wait, individuals and institutional preferring to let the storm pass while waiting for better days.
The timing of such an operation may not always be easy to implement since it does not depend solely on the company, the visa CDVM and the various brokerage firms participating in the distribution also affect on the date of the transaction, besides the corporate campaign launched by Trarem in the press had already started a few months since announcing approach of the introduction.
The syndicate seems quite small with only 3 companies Upline Securities, BCP and SAFABOURSE, show some confidence in the quality of the company and the conduct of the operation or deliberate intention to limit application to improve satisfaction?
Bet that can pay for investors interested, they could be comfortably served in contrast to other transactions that have occurred recently but is still a risk in view of the chaotic course of the last recruits who have not attracted the crowds
In all cases the operation is now well underway and will be carried out both by transfer of 143,035 shares and the issuance of 106,965 shares or a total amount of 250,000 shares offered to investors at a price of 402 dhs.
The 100 million dhs collected by the company will enable it to continue its development in part within the kingdom and allow it to support the development of the office furniture market with the arrival of many service companies under the politics of offshoring.
Stay tuned.
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