I read that Gafisa is planning to file registration documents by the end of March for an Alphaville IPO. The Company is declining comment on the filing. Maybe this will put and end to these Knee Jerk 5% DAILY swings in the price.
IPO of Alphaville would send this stock soaring eventually, IMHO. Much better option than selling it right now. I am assuming current shareholders of GFA would get a piece of the IPO, so sort of like a spin-off.
Yes, was reported as rumor in Valor two days ago. Analysts whacked their 2013 EPS estimates but almost all have upgraded EBIT. Main issue I think is revenue projections. I've seen some revised top lines as low as R$3.1b. I am modeling 3.75b. Short term there is Alphaville but there's also the possibility that they float a global bond and cut their interest charge. Either one of these would have a material impact on price.