Investors have floated by “ Russian sea “Group “ Russian sea “ on Friday declared closing of the book of demands within the limits of IPO in RTS and on the Moscow Interbank Stock Exchange at the price of $6 for the action, that is on the bottom border of a price range. Demands are submitted only on 18,9 % of actions though the offer made 27,3 %. The group tried to sell itself as the manufacturer though it is necessary two third of its business on distribution, where “ monetary streams are less predicted “ explain low demand of analytics.
originally Open Society “ the Group of companies “ Russian sea “ “ was going to involve during IPO to $200 million, after expectation about $130 - 170 million have been corrected: it was supposed that 21,692 million ordinary actions (27,3 % of the increased authorised capital stock) will be sold on $6 - 8. Organizers IPO - “ the Renaissance the Capital “ and “ VTB the Capital “. On Thursday late at night “ Russian sea “ Has closed the book of demands at the price in $6. Transactions with investors will be closed within ten days. On Friday indication price of actions “ Russian sea “ in RTS has made $6,1.
As it has been declared on Friday, demands are submitted only on 15 million actions (18,9 %), including 11,385 million has sold Corsico Limited, supervised by Maxim Vorobevym, the brother of the head of the Central Electoral Committee of party “ an United Russia “ Andrey Vorobeva, and 3,615 million was necessary on exchequer actions. Thus, “ Russian sea “ has involved about $90 million at all estimation of business in $477,2 million the Source close to placing, specifies that mister Vorobevu will manage only $25 million, and “ the company will receive so much, how many was planned, - about $65 million “ (the shareholder will redeem a part dopemissii).
According to the interlocutor “ “ A considerable quantity of the transactions on the stock exchange which have had for this period became one of the reasons of low demand from investors. “ for example, we precisely know that have received less a $10 million minimum only because on Thursday Eurasia Drilling (the petroservice company. - “ “ ) placed the GDR and some our investors have preferred to be enclosed in these papers “ - he confirms.
“ Russian sea “ develops three directions: the seafood ready to the use (24 % from the general sales); the cooled and frozen products (75,4 %); fresh fish (0,5 %). According to the group report, its gain on MSFO in 2009 - 17,31 mlrd rbl., net profit - 423 million rbl. (in 2008 there was a loss of 143 million rbl.) EBITDA - 1,38 mlrd rbl.
the Analyst “ Uralsiba “ Tigran Ovanesjan is assured that potential buyers of papers “ Russian sea “ the price has confused. “ recently I met in London investors who showed discontent with that the companies of the Russian consumer sector - “ Russian sea “ “ Has leaked “ and “ Rusagro “ - want to take place at the highest prices though usually on IPO offer actions at least with 15 - percentage discount “ - he tells. Director Prosperity Capital Management Alexey Krivoshapko confirms that its company did not participate in IPO “ Russian sea “ having counted suggested price overestimated. “ that they tried to sell themselves as the company - the manufacturer, at investors could raise only a smile. It is necessary two third of incomes of group on distribution business which has the notable risks connected with less predicted monetary streams “ - he marks.
the general director “ Russian sea “ Dmitry Dangauer has declared that is satisfied by placing results. Mister Krivoshapko too considers that the group does not have occasion to discontent: “ It could involve the means almost ten times exceeding its annual profit, and it is very good result “.