CARVAJAL EMPAQUES IS EXPECTING TO DOUBLE ITS EARNINGS.
The share placement of the companies is being a great success and according to analists the valuation of the share could raise 20% by the end of the year.
Also is one of the few issues of a company in the real sector of the economy, there’s not so many industries that are issuing shares, often they prefer to make a bond issue and to continue with the same structure with their shareholders.
After this success the company said that are expecting to double their earnings in the next 4 years by using their capitalization to expand their business to other countries in the region and also to strenght their business in Colombia.
One of the companies with direct interest in the Carvajal Empaques is the IFC (International Finance Corporation) which is part of the World Bank, which issue an intention to buy u$s15 millon of preferential shares, but because of the quota for foreign investment is 15%, this could create an oversuscription, which leaves satisfied the directors of the company.
According to some other analysts the real price of the share could be around 5.688COP$ per share, but the IPO starts in 5.300COP$, so there is field for a valuation, different to what happened with the Facebook IPO which started above the real price of the share or at least the price that the market thought was the real one.