VIEW ONLINE
10 December 2019
Hello Voornaam,

Metrofile has finally revealed its suitor three months after alerting shareholders to an unsolicited approach to take the company private. It made the announcement after the market closed yesterday. While its shares have risen strongly since its first cautionary announcement, the potential offer still comes at a big premium. That could result in another jump today.

Meanwhile, Naspers subsidiary Prosus has increased the premium it's willing to pay to buy UK food delivery group Just Eat. However, since it first indicated its interest, Just Eat's shares have rallied and are now trading above the improved offer, which means shareholders may be expecting even more.

In other dealmaking news, Conduit Capital is swapping its Constantia insurance business for a stake in Trustco's financial services operation, Legal Shield Holdings. And Stadio has bought out the remaining 26% stake in Southern Business School as CEO Chris van der Merwe prepares to step down after leading the tertiary education group though its unbundling from Curro and listing it on the JSE two years ago.

In The Week Ahead, Chris Gilmour looks back at some of the news that has shaped the markets over the past week and what to looking out for in the days ahead.

Yesterday, we included access to Ingham Analytics latest report on Prosus. While the consumer internet company tries to gobble up more food delivery businesses, Ingham Analytics has also turned its attention to Baidu, China's answer to Google. You can get hold of that report in today's newsletter.

Finally, if you've heard about the Golden Visa and want to know how they are obtained, here's an investment opportunity that will get you one while diversifying your portfolio with offshore exposure.

One of the asset classes many are looking at is offshore real estate, which in some cases is made all the more attractive by the bonus of a 'Plan B' residency programme. Portugal's Golden Visa programme will get you residency in a country that has the additional advantages of a great climate, a well-run, business-friendly government, and one of Europe's top-performing property markets. Click here to find out more about the Golden Visa.

Have a good day.

Stephen Gunnion

Managing Editor, InceConnect


Want to invest in the shares you've read about?

If you want to buy stock in any of the companies covered in our reporting, our partners at EasyEquities are ready to help with one of the lowest-cost trading platforms available in South Africa. Simply click on the button at the end of the story with the relevant company's logo to discover more information about the company and easy steps to open an EasyEquities account and get trading.


Todays Latest Headlines

Ingham Analytics issues a note on Baidu, the Chinese "Google", entitled "Bide your time on Baidu".
This latest note by Ingham Analytics is hot on the heels of the Prosus note last week "It’s all in Tencent"which also had a China tech...
SHARE THIS STORY
Metrofile unveils private equity buyout deal
If the offer proceeds, shareholders will receive R3.30 per share as well as the rights to an interim dividend if it pays one.
SHARE THIS STORY

Conduit swaps Constantia for stake in Trustco business
The investment company says shareholders will benefit from a stake in a larger and more diversified financial services group.
SHARE THIS STORY
The Week Ahead 9 December 2019
Global growth to get a boost from EM economies next year.
SHARE THIS STORY
Sibanye-Stillwater sets date for new listing
The current corporate structure has the SA gold assets at holding company level and platinum assets as subsidiaries.
SHARE THIS STORY
New strategy takes shape at Alexander Forbes
The financial services group is wrapping up the sale of its insurance businesses as it prepares to expand its employee benefits operation.
SHARE THIS STORY
This email was sent to [email protected] on 2019-12-10
INCE - A trusted brand in investor
communications for almost 100 years.
SUBSCRIBE | UNSUBSCRIBE
Powered by Ince (Pty) Ltd | 42 Wierda Rd W, Wierda Valley | Sandton | Gauteng | 2196 | South Africa