Lavatory maker Henkel (HEN3) has a percentage Market Cap on Loan (%MCOL) of 27% today, up from 17% in early April. Despite a recent upturn, (from 27EUR to 30EUR between mid-March and mid-April), the price has now fallen back to 28EUR and the %MCOL has increased further. Utilisation is at 52%, up from 35% on March 31st. The company, who make other household products, had secured loans from banks to finance the acquisition of the National Starch businesses for the 12 months after the close of the deal earlier this month (CNN Money).
The average Utilisation for the rest of the German Small Caps is 18%, and for the rest of the EMEA Household and Personal Products Sector it is 20%.
Another stock with a high %MCOL in the Small Caps is Biopetrol Industries Ag (B21) at 29%, with Utilisation at 36%, and Volkswagen Ag at 17.84% %MCOL and 31.47% Utilisation.