Karaganda was suggested to buy equity portfolio
Aktobe plant of metal constructions offers investors 40% of its shares
Aktobe plant of metal construction enters the IPO. Shareholders of APMC will receive dividends almost immediately. This was announced during the road show of the upcoming IPO of Aktobe plant by the general director of investment company "Freedom Finance" Timur Turlov.
As it was reported by the head of the investment company, 60% of net income will be sent for payment of dividends, and the remaining 40% reinvested in the development of APMC.
"We expect that the dividend yield for two years will reach the average rate on the deposit. The company does not provide excessive profits at once, but, nevertheless, will soon pay dividends. The company is already profitable", - said T. Turlov.
Investment company "Freedom Finance" displays Aktobe company for an IPO. The approximate placement in mid-July 2016. Now shares undergo listing procedure at KASE. Placement volume - 960 million tenge, the number of shares issued at the IPO - 85 thousand units, the expected cost of securities -11 177 tenge.
"The cost may seem high for someone, especially after the stock prices of KEGOC and KazTransOil were at the level of 505 and 725 tenge. But this is primarily due to the number of shares, and 40% of shares in the equity capital. National companies have placed 10%, that is, it means that even if one shareholder acquires all of the shares, he will remain in a minority - a share of 10% does not give the right to vote. While acquiring shares of APMC the investor has the right to participate in management of the company", - said T. Turlov.
Brokers make a particular emphasis on that APMC is a private company, in which there is no state capital, which makes it more flexible in terms of management and its policy.
In order to attract businesses to the stock market the representatives of JSC "Aktobe plant of metal construction" and IC "Freedom Finance" conducted road shows in all cities of Kazakhstan, in which they answered all the questions of the population.
The company "Freedom Finance" provides consulting support and acts as the underwriter of placement. The funds, which will be raised during the IPO, will be used to reduce debt and to expand the production capacity of the plant. This will enable the company to attract more new contracts and to participate in large infrastructure projects.
In April of this year the National Chamber of Entrepreneurs "Atameken" and JSC "Kazakhstan Stock Exchange" signed a memorandum on mutual cooperation. The document is intended to contribute to the development of securities market, creating favorable conditions for potential investors, and is aimed at encouraging output of domestic companies in the stock market of Kazakhstan. As part of the agreement throughout the country will be presented consultations, lectures and master classes on the stock market mechanism for entrepreneurs.
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