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10 February 2021
Hello Voornaam,

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


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Todays Latest Headlines

Implats quadruples earnings
The platinum producer has benefitted from higher PGM prices and the inclusion of its new business in Canada.
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AngloGold shines on higher gold price
The gold mining company has benefitted from a big rise in the gold price last year.
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Trellidor locks in higher earnings
The security gates specialist has benefitted from stronger sales, cost controls and fewer shares in issue.
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Metrofile flags higher earnings
The records management and document storage group has grown first-half earnings and reduced debt despite the impact of Covid-19.
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MTN disposes of BICS stake
The network operator says the sale to Belgian telecoms group Proximus will help it reduce debt and unlock value for shareholders.
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RDI sells UK shopping centre
The real estate investment trusts plans to sell its last remaining retail assets by the end of the year.
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