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Market officials claim that there is also uncertainty as to the strong entry of e-commerce.
By the end of July, Falabella's shares were trading at nearly $ 6,000. However, after the announcement of the purchase of Linio and the increase of capital that the company would realize to finance this investment and other investments, the stock sank and n & # 39; therefore could not recover.
Even after the finalization of the placement of the shares. as part of the October 19 capital increase, the price of paper still does not rebound.
At the end of Friday, at $ 5,215.8, the stock has accumulated a loss of 1.35% since the investment. in the bag From the day before the announcement of the operation, the drop reached 12.05%.
According to market agents, the buyout of Linio and the announcement of an alliance with Google to enter the electronic payment market are good decisions. because they reinforce the company's position on the advancement of e-commerce. Why, then, the title failed to bounce?
From the market point of view to a generally mediocre performance of the sector. "The retail sector in general has performed poorly in Chile because of poor consumer and employment figures, which does not bode well for a significant rebound in 2019," says María. Luz Muñoz, Nevras strategist on the market, adding that this had an impact on the results of Falabella and Cencosud. According to Rene Le Fort, an badyst at MBI Broker, the country's economic environment has not allowed to achieve good results within the company. "Consumption has not gone very well and is affecting all this sector," he said, adding that the entire sector was affected by "the imminent danger of Amazon".
This particular point still raises doubts, according to the operators. Although Falabella is actively preparing for the entry of international players in e-commerce, questions remain as to how the dynamics of the retail business will change with the arrival of Amazon and what that it will mean for the results of the business. For Muñoz, in addition to the quarterly reports below expectations, several sources of risk are looming on the horizon of Falabella. Besides the uncertainty related to e-commerce, "the integration of Linio, and then the arrival of Ikea, pose short-term risks"
The remaining
. Last week ended the subscription period for the preferred option of the company's capital increase, which resulted in the taking of 12.3 million shares by the controllers.
Considering that 62.1 million shares were auctioned on the stock market and 84 shareholders approved, 3 million, the balance remaining to be added adds 9.9 million shares. Although, on the market, it is expected that this amount will exert some pressure on the price, operators indicating that it could mean an increase in the supply of Falabella shares when they are put on sale, [19659004]
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