The situation in EiDF is not as serene as its founders would like, and on Friday evening a single shareholder got rid of almost 700,000 shareswhich represents a divestment of nearly 850,000 euros at once from a non-majority shareholder. A fall of 9.21% and the value at its worst moment since its suspension from trading due to the scandal with the auditor.
The fact that he sold in this way, obviously significantly affecting the price of the company, did so specifically by freeing up more 670,000 actions in auctionwhich represents a movement unusual. Packages like this usually to be placed between shareholders. They assume a divestment It is important and customary to agree a price with another reference shareholder, even for part of this package, and to put the rest up for auction, if necessary.
But throwing everything on the market causes particular damage to the business. This increases the volume of trading downwards and may even – this does not appear to have been the case – cause a sales surge in response. Being a company with a relatively small capitalization, and having a very specific shareholder, the blow seems to have stopped there. And it is not a small one.
EiDF It closed at 4.93 euros per share, a figure that has not been touched since December 27, 2023.
Key moment of the EiDF
The situation of your price It also coincides with a time of turmoil among its shareholders – not necessarily bad, but worth considering.
When the auditor’s discrepancies became known – at that time PWC– on the company’s accounts, and his “doubts about the viability of the company”, the CNMV trading was suspended. Shares were at 29.76. When four months later the regulator again allowed shares to trade EiDFfell to 4.18 euros. There, it began to recover, little by little, seeking stability and communicating almost all its movements to try to calm shareholders.
A year after the 2023 suspension, the company managed to reach 12 euros per share and, from there, it has only fallen, little by little, until Friday’s figure.
Lights and shadows of shareholding
Friday’s departure, as significant as it is, constitutes a hard blow for the price but does not alter the capitalization of EiDF. Hit him price because it means to go down as much as it went up, for example when the plan “to quadruple revenues in five years.” But this does not change the shareholding or vary excessively in its total capitalization.
Although several shareholders -who prefer not to be named- have “doubts about their continuity” in the company due to the continuous rumors that torment it, for the moment they verify that “the pace set in May is respected.” Many emphasize Jordi Berinifirst shareholder after the founder Fernando Romeroas the strong man when it comes to uniting shareholders and enabling the company to move forward.
Berini, in fact, reduced his stake in EiDF just a week ago. The context Laurion Financial Companies lowered its percentage to 13.2%, but did so, according to the fund itself, to adjust the group’s weighting in EiDF.
More precisely, the signature Luxembourgishsecond shareholder of the renewable company – only behind the chairman, Fernando Romerowhich controls more than 43% – has divested itself of these shares, representing 1.92% of the EiDFat a price of 3.50 euros per title.
With this sale, the participation of Laurion Financial Companies The total position in the capital of EiDF amounts to 13.2%, since it adds, with 12.91%, 0.142% and 0.143% in the hands of Jordi Berini Suné And Tiago Moreira SalgadoThe operations were finalized on August 7, in two blocks of sales operations. Over the counter to two institutional investors, the company said in the documentation sent to the BME growth. Laurion Financial Enterprises stressed that both transactions come with a minimum 12-month lock-up period, to ensure that both investors will remain shareholders in the medium term.
Concretely, and as we have said, the operation responds to an adjustment of the weighting of the EiDF inside wallet of Laurion Financial, because due to the latest subscriptions of convertible participating loans, they had left their resulting participation in EiDF overweighted.
In any case, and despite the rumors, Berini has reiterated on different occasions its desire to maintain a long-term position in the energy sector.
