Office Plast Stock Liquidity Contract Comes to an End
The initiators of the stock liquidity contract for Office Plast and the brokerage firm Maxula Bourse announced yesterday that the contract will expire on December 17, 2024. The contract was established on December 17, 2020, with 25,000 shares and a value of 0.100 MTND. Last year, it consisted of 105,451 titles and 532,734 TND in liquidity. At the end of the contract, the accounts show 105,851 shares and 17,449 TND. The contract will not be renewed.
Since the beginning of the year, the stock has been stable, with a decline of 1.64%. The traded shares were 167,870 actions for a volume of 183,083 TND. The company ended the first half of the year with a small profit of 0.133 MTND. By the end of September, the turnover reached 9,720 MTND, down 14% year-over-year.
The non-renewal of the contract will not affect the stock's performance. If we look at the transactions over the past year, net purchases were 400 shares. The float is around 26%, according to the latest published capital structure. There is the presence of a SICAR, two FCPRs, an insurer, and a brokerage firm that together hold 53% of the shares and voting rights. Founder Yassine Abid holds 21%. All these shareholders are stable, and operational performance determines the direction of the stock. Minority shareholders therefore have nothing to fear.
