{"id":3430,"date":"2017-11-10T12:41:03","date_gmt":"2017-11-10T17:41:03","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=3430"},"modified":"2017-11-10T12:41:03","modified_gmt":"2017-11-10T17:41:03","slug":"molino-canuelas-s-a-c-i-f-i-a-ipo-preview-molc","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/molino-canuelas-s-a-c-i-f-i-a-ipo-preview-molc\/","title":{"rendered":"Molino Canuelas S.A.C.I.F.I.A. #IPO Preview $MOLC"},"content":{"rendered":"

\"MolinoLogo\"<\/a><\/p>\n

Company: Molino Canuelas S.A.C.I.F.I.A.<\/strong>
\nSymbol: MOLC
\nDescription: They are a leading food company with top-of-mind consumer brands such as Canuelas, Pureza, 9 de Oro, San Agustin, Mama Cocina,Paseo and Florencia, in the vegetable oil, flour, biscuits, cookies and crackers, ready-mixed and bread crumb product categories.
\nShares: 19.5 million ADSs
\nPrice Range: $14.00-$17.00
\nTrade Date: 11\/17
\nUnderwriter(s): J.P. Morgan, UBS Investment Bank, HSBC, Itau BBA
\nTerms Added: 11-6-2017<\/p>\n

Link to S-1\/A Prospectus<\/a><\/strong><\/p>\n

Link to Retail Roadshow<\/a><\/strong><\/p>\n

Business<\/strong>: They operate with the goal of adding value to agricultural products in which Argentina, our primary market and location of their principal sourcing activities, has natural competitive advantages. They\u00a0achieve this through a history of continued expansion following a strategy of vertical integration. They benefit from having the largest milling capacity in Argentina, according to data from MAGyP, with an installed milling capacity of 3.12 million tonnes per year and, according to FAIM, they\u00a0are the largest producer of wheat flour in Argentina in 2016, processing over 28.5% of wheat in Argentina and, according to Euromonitor, they are the largest exporter of wheat flour in Argentina, exporting 44.2% of the total wheat flour exported from Argentina in 2016. They\u00a0market and sell their\u00a0wheat flour under their Ca\u00f1uelas, Pureza and Florencia brands in their\u00a0Retail Products segment and under their\u00a0Ca\u00f1uelas, MultiHarina, Pigue and Adelia Maria brands in their\u00a0Branded Industrial Products segment.<\/p>\n

Financials:\u00a0<\/strong>For the fiscal years ended November\u00a030, 2014, 2015 and 2016, they generated AR$19,821\u00a0million, AR$22,134\u00a0million and AR$32,318\u00a0million (US$1,867\u00a0million) in total net sales, respectively. Their profit for the year for the fiscal years ended November\u00a030, 2014, 2015 and 2016 was AR$148\u00a0million, AR$12\u00a0million and AR$864\u00a0million (US$50\u00a0million), respectively. For the same periods, their Total Adjusted Segment EBITDA was AR$889\u00a0million, AR$1,093\u00a0million and AR$2,277\u00a0million (US$132\u00a0million), respectively.<\/p>\n

\"MOLCFinancials\"<\/a><\/p>\n

Book-Building Status<\/strong>: The way the book comes together during the week of the roadshow is the bkost critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.<\/p>\n

IPO Boutique subscription clients receive daily updates on this critical information.<\/span><\/a><\/p>\n

Conclusion<\/strong>: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a\u00a0track record<\/span><\/a>\u00a0with our performance for last 12 years at our website.<\/p>\n

Indicate with confidence,\u00a0<\/b>SUBSCRIBE<\/b><\/a>\u00a0today.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Company: Molino Canuelas S.A.C.I.F.I.A. Symbol: MOLC Description: They are a leading food company with top-of-mind consumer brands such as Canuelas, Pureza, 9 de Oro, San Agustin, Mama Cocina,Paseo and Florencia, in the vegetable oil, flour, biscuits, cookies and crackers, ready-mixed and bread crumb product categories. Shares: 19.5 million ADSs Price Range: $14.00-$17.00 Trade Date: 11\/17[…]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[24],"tags":[1412],"class_list":["post-3430","post","type-post","status-publish","format-standard","hentry","category-ipo","tag-molc"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=3430"}],"version-history":[{"count":2,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3430\/revisions"}],"predecessor-version":[{"id":3435,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3430\/revisions\/3435"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=3430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=3430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=3430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}