Another couple of favourite small cap shares have surprised investors with their resilience under the current tough economic climate as they recovered quickly from last year's lockdown restrictions. Shares of Trellidor and Metrofile rose after the companies released trading statements yesterday, with both expecting to reported a decent rise in earnings for the period to end-December. They join a number of other companies exposed to the local economy that have managed to do well despite difficult conditions. Meanwhile Impala Platinum and AngloGold Ashanti were virtually unmoved by trading statements that alerted shareholders to a significant increase in earnings; over 300 percent in the case of Implats. Following updates from some of their peers in the mining sector, it appears that most of the good news is already priced in. Also today, MTN has continued to dispose of non-core assets as it strives to reduce debt and improve returns for shareholders, while UK property owner RDI REIT has sold its second remaining retail asset in England as it exits a sector that has been battered by Brexit and Covid-19. I hope you have a good day. Stephen Gunnion Managing Editor, InceConnect
The latest from Ingham Analytics Fallout from the GameStop rollercoaster continues which is why Andrew Kinsey's professional analysis is so timely in "Stop the Game - I want to get off". How did this chain of events unfold to the extent intra-day volatility was being traded on occasion at 2,700%? Could it happen again, what about Robinhood? Is there a dark conspiracy at work? There are fascinating background charts and tables. |