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Gafisa S.A. Message Board

  • siemprefue siemprefue May 17, 2013 8:00 AM Flag

    Goldman Sachs

    5.2% passive stake was filed last night (note the expiration date for the options):
    "1. The Investor purchased 10,449,312 common shares issued by the Company, reaching relevant participation of 5.20% of the total capital stock of the Company, in a total amount of participation of 22,671, 759 common shares of Gafisa on May 3, 2013. The 22,671,759 shares issued by the Company and owned by the Investor consist of (i) 9,182,311 common shares; (ii) 1,544,724 American Depositary Receipts, each of which represents 2 common shares; and (iii) 10,400,000 call option contracts that provide the Investor the right to acquire 10,400,000 shares on August 19, 2013;"

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    • N et Income (ttm): -61.15M WHY???

    • Very nice! Thanks for sharing! Do u have a link? I am terrible at finding these filings.

      • 2 Replies to mrmom5050
      • From the 6-K filed this AM:
        "GAFISA S.A.
        Corporate Taxpayer’s ID (CNPJ/MF) No. 01.545.826/0001-07
        Corporate Registry (NIRE) 35.300.147.952
        Publicly-Held Company
        NOTICE TO MARKET

        São Paulo, SP, Brazil, May 16, 2013 – GAFISA S.A. (BOVESPA: GFSA3) (“Gafisa” or “Company”) hereby discloses to the market the communication received on this date from its shareholders Goldman Sachs International, located at Peterborough Court, 133 Fleet Street, London EC4A 2BB, enrolled with CNPJ/MF under No. 05.479.103/0001-08 and Goldman Sachs & Co., located at 200 West Street, New York, NY 10282, enrolled with CNPJ/MF under No. 05.987.216/0001-06 (“Investor”), pursuant to Article 12 of CVM Instruction 358/02, as follows:

        1. The Investor purchased 10,449,312 common shares issued by the Company, reaching relevant participation of 5.20% of the total capital stock of the Company, in a total amount of participation of 22,671, 759 common shares of Gafisa on May 3, 2013. The 22,671,759 shares issued by the Company and owned by the Investor consist of (i) 9,182,311 common shares; (ii) 1,544,724 American Depositary Receipts, each of which represents 2 common shares; and (iii) 10,400,000 call option contracts that provide the Investor the right to acquire 10,400,000 shares on August 19, 2013;

        2. The Investor declares that its objective for the participation abovementioned is strictly of minority investment and the participation does not have the purpose of changing the controlling group or the administrative structure of the Company, and, currently, the Investor does not target any specific quantity of the Company’s shares;

        3. In addition, the Investor declares that it does not hold, direct or indirectly, any convertible debentures issued by the Company; and

        4. Finally, the Investor declares that it has not entered into any contract or agreement governing the exercise of voting rights or the purchase and sale of the securities issued by the Company.

        São Paulo, May 16, 2013"

      • Just can't shake the sellers. In theory this should set the stage for a nice move up at some point. I would think the GS filing would lend some confidence to potential buyers. As it stands still selling into any strength. What was the date on those options?

 
GFA
3.35+0.02(+0.60%)Apr 17 4:03 PMEDT

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