Agriculture

Tunisia: Block trade worth DT59.3 million for SFBT securities

Monday, 15 February 2016 18:41

Last Friday, Feb.12, a block trade worth DT59.3 million was filed for 2.74 million securities of Société Frigorifique et Brasserie de Tunis (SFBT) , Tunisian leader in terms of beverage trading with 85% of its market.

With a unit price of DT21.6 for each share traded, the transaction provided the seller with a plus-value of 1.3 dinar for each share, with reference to the lowest share value of the past 12 months (DT20.3 on November 2015). Considering the amount of securities traded out of the global volume in the stock market (about 30 million securities), it can be deduced that the transaction is profitable for some of the investors involved.

Though they are yet to be known, a sure thing is that buyers are winners in this transaction. On Monday 15 February, shares of SFBT increased 1.64% in value to DT24.2, thus a plus-value of 2.6 dinar in few days only. Despite a quite interesting stock plus-value of SFBT’s share for long-term investors, SFBT recorded a lower turnover in 2015 as a result of decreasing sales of other beverages.

Moreover, the company made more investments over the period considered (31 million dinar). Report of profits and losses is waited to have a global picture of per share profits and dividend proposal.

 

Idriss Linge

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