Small businesses, big opportunities.
Companies with less prominence on the stock exchange issue debt, offer new shares, like TecToy, and seek acquisitions to attract investors' attention.
247_Companies with less prominence on the BM&FBovespa are making good deals to attract the attention of most investors seeking buying opportunities. They are working with debt issuance, seeking opportunities to offer new shares to increase the company's capital, and making small acquisitions. All this to grow and increase the value of their shares and improve their performance on the stock exchange. Metal Frio, for example, acquired the remaining 29% of the share capital of Senocak Holding for 15,8 million euros. This acquisition, according to analysts, was already priced into the share price and did not affect the company's performance, which is down 12,7% for the year.
Cremer, a manufacturer of medical and hospital products, and Ampla Energia have decided to issue debentures, which are company debt securities with the possibility of conversion into shares in the long term. Investors liked the controlling shareholders' move, and the shares rose on Friday the 27th, momentarily breaking the poor performance of the year. For Cremer, the 2,4% appreciation contrasts with the 10,8% loss in 2011. The company will issue R$ 200 million in debentures with a five-year maturity to expand its industrial and commercial activities and extend the maturity profile of its debt. Ampla, which gained 0,8% on the day, has a negative performance of 12,5% for the year. The R$ 300 million issuance will have a unit value of R$ 10 and will serve to extend short-term debt maturities.
The agricultural company Tereos plans to issue a new batch of shares. Responsible for processing cereals and sugarcane, the company wants to raise up to R$ 600 million with its return to the capital market. The goal is to increase the liquidity of the stock, which currently has only 13% freely traded on the stock exchange. With the offering, Tereos will reach 25%. Investors disliked this, and the stock, which had remained stable for the year, fell 5,3% during the week, pushing its performance into the red zone. Another company following this example is Tec Toy. The electronic toy manufacturer will hold an auction on June 10th for 57,1 billion common shares and 103,2 billion preferred shares remaining from the company's capital increase. The unit value of the offering is R$ 0,06 for both classes, but only lots of 1.000 shares are traded. The company expects to raise R$ 9,6 million. Both stocks remained stable during the day, but are down 48% (ON) and 28% (PN) for the year.