ANOTHER COMPANY JOINS THE EMISSION WAVE.

ANOTHER COMPANY JOINS THE EMISSION WAVE.

Another company from the financial sector is ready to issue 2 million shares according to the information provided by the Financial Superintendence.

The Board of Directors of Serfinansa, Olimpica finance company, approved to rise capital from 25 billion COP$ to 60 billion COP$, and also the future placement of 2 million shares in the IPO.

The company has an interesting portfolio of services and is a healthy company which has credits placed for 541.8 billion COP$, with an increase of 3.9% annually, and the 65.40% of those credits represent the commercial portfolio, meanwhile the 34.60% represents the consumption credits which shows an interesting portfolio with solid support.

Talking about the support of the credit portfolio, it is composed as follow:

a)      25.44% with sources of payment.

b)      40.02% with collateral.

c)      11.77% with personal guarantee.

d)      22.77% with consumer loans granted to clients of Olympica Shops.

The financial results of 2.011 shown that the total assets of the company are 612.7 billion COP$ which represents an increase of 6.70% annually.

For this kind of results we think that this investment could be a little risky but could pay off in the medium-term. So if you are a risk taker this could be your investment this year.

What do you think? Would you like to bet?