| | | | | | | | | | | | | | | Wednesday 28 July 2021 | | | | Good morning Voornaam,
Adapt IT shareholders, your time is now. The Huge Group offer requires you to make a decision by the end of this week. Keep an eye on your emails and phone your broker if you aren't sure of the process, as you will need to specifically elect to accept the Huge offer if that is your decision.
To assist you with understanding your options, I've put together an article to remind you of the process and the difference between the offers. You may also have noticed a banner in InceConnect yesterday, alerting you to the ability to join a forum to discuss the offer and learn from each other. If you missed it, you'll find the banner further down.
However, purely because I still love Disney and Kumba rhymes with Pumba, the iron ore giant gets the lead article this morning. Kumba has added a meaty dividend to the incredible pot of money being distributed by mining companies on the JSE at the moment.
In far less exciting shape is AVI. The consumer brands business has reported very little sales growth in the year to June 2021. The profit growth has been achieved through cost cutting rather than top-line success which is always a concern for investors.
Finally, I wrote about Lighthouse Capital, a Mauritian property fund that is making a sizable investment in the French retail market.
As the volatility in the market continues, driven by China's wild behaviour with tech stocks and a busy US earnings week, there are more dips out there than you'll find in the chip aisle at your local supermarket.
If you're buying them, be careful in choosing which ones you want to add to your portfolio. Personally, I'm keeping a watchful eye on Alibaba.
Good luck in the markets today!
The Finance Ghost
| | | | | | | | | | | | | | | | | | | | | | | | | Local and Offshore Market News | | | | | | | So Kumba, Kumba, staaaaand by me
Kumba has doubled its revenue year-on-year and has added another massive dividend to the mining sector bonanza. Read More |
| | | | | | | Making SENS of Adapt IT
Adapt IT shareholders must decide by 30th July whether to accept the Huge offer or ride out the Volaris offer. Read More |
| | | | | | | AVI reports lethargic growth
AVI could only grow revenue by 0.5% in the year ended June 2021 but has at least grown HEPS by 5% - 7%. Read More |
| | | | | | | Lighthouse shines towards France
Lighthouse Capital is a Mauritian-domiciled property fund that is making a significant investment in France. Read More |
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