While the premium-tier establishments will continue to demonstrate strong performance, we will likely see rents start to fall in the second-tier market
in the coming years.
3% while sales revenue from comparable stores in the second-tier market
recorded increase of approximately 1.
Dubai International Financial Centre is working on a plan to launch a second-tier market
to offer smaller companies the opportunity to tap growth capital, the Centre's chief economist Nasser Saidi said last week.
An alternative or second-tier market
allows smaller and mostly higher risk companies to float their shares by lowering the regulatory threshold in comparison to a main market.
The ratio for lots who did not meet their reserves last time is 58 per cent colts to 42 per cent fillies, suggesting the second-tier market
could be tougher on fillies than colts.
Of the 231 companies that took part in PKF's second survey into the state of the market, 85 per cent said they were satisfied that the second-tier market
had met or exceeded their expectations, while 82 per cent thought that it had improved or at least had not deteriorated further.
Clearly, there's no way that all of these companies can possibly end up with first- or second-tier market
shares; probably most will be lucky to hold even 5% of the total pie.
And the overall record of second-tier market
leaders has been dreadful with just two succeeding over the past 12 years - Manchester City and Sunderland (both 7-2) did the business for favourite backers in 2001-02 and 1998-99 respectively.
Hurel-Dubois is quoted on the Paris stock exchange second-tier market