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31 May 2021
Hello Voornaam,

Huge Group has turned up the heat in its bid to buy control of Adapt IT. The telecoms group has raised its all-share offer - significantly. Now to see whether Canadian firm Nodus Capital, which has put in a counter bid, comes back with a higher offer too.

Shares of both companies rose sharply on Friday and volatility is likely to continue as the possible takeover plays out.

More on that story to follow, along with results from packaging group Nampak, which returned to profitability in the first half of its financial year, as well as updates from Liberty Two Degrees and Vukile Property Fund.

Sadly, this is my last InceConnect newsletter as editor. After almost four years of delivering your morning company news, I've decided to try something a little different. However, I leave you in the very capable hands of an apparition you may already be familiar with, The Finance Ghost.

If you haven't yet tuned into the weekly Magic Markets podcast that he records with Mohammed Nalla (Moe-Knows.com) there will now be many more opportunities.

In Episode 27, they are joined by Craig Antonie of AnBro Capital Investments to discuss the approach taken in their Unicorn Global Growth Fund. The recent market sell-off has been painful for growth investors. In this episode, Craig explains why the future still looks bright and why the Unicorn thesis hasn't changed.

While I won't be compiling your newsletter any longer, I'll certainly continue reading it to see what The Finance Ghost has to say.

All the best.

Stephen Gunnion

Managing Editor, InceConnect



Todays Latest Headlines

Huge Group raises its bid for Adapt IT
The telecoms group has trumped an offer from Canadian firm Volaris with its higher offer but there is still no cash involved.
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Nampak returns to profitability
The packaging group says dividends will remain suspended until it further reduces its debt.
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Vukile to declared reduced dividend
The property fund says the start of its financial year coincided with the outbreak of Covid-19, resulting in rental relief for tenants.
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Liberty Two Degrees encouraged by recovery
The property group says there has been a notable monthly improvement in its operational performance as customers return to malls.
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PODCAST: Magic Markets Ep27 Beyond the Multiples
The recent market sell-off has been painful for growth investors. In this episode, Craig Antonie of AnBro Capital Investments explains why the future still looks bright...
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The Week Ahead
The S&P 500 is approaching record highs again.
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