Bols Genever Producer Lucas Bols Holding BV Wednesday has a successful return polite on the Amsterdam stock exchange. The shares opened at € 16.52 – a price gain of almost 5% compared to the introduction price of € 15.75
. Those figures, coincidence or not, are symbolic of the ancient beverage company, said fair boss Maurice Tilburg in the IPO. The launch price of € 15.75 represents the founding year of 1575 the company, which then ‘The Lootsje’ name. In 1652 – the year that is equal to the opening price of € 16.52 – was born namesake Lucas Bols, the man who made an international brand of Bols
After a half-hour action, the rate decreased slightly to € 16.43. In that period 381,000 pieces are sold.
Guest
Bij his return on the Damrak Gin stoker is valued at approximately € 200 million, which can make the company claim a spot in the small cap. Bols used the proceeds from the IPO to fully dismantle its debt.
Since Bols in nine years ago for € 210 million in the hands of private equity house AAC, the beverage company paid annually almost € 20 million in interest and dividends on preferred shares to its owner. Result, there was virtually nothing about the bottom line.
pay Profit
After the IPO is the fault of Bols is expected to be reduced to around € 65 million, making the interest obligations, according to analysts with around € 17 million will fall. At an estimated profit of € 20 million next year, pay investors in the stock market soon so about ten times earnings for Bols.
The company plans to pay out 50% of net income to its shareholders. At a price of € 15.75 (and more than 12 million shares outstanding), this amounts to a dividend yield of 4 to 5%. AAC also remains for a 15% stake.
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