- Supply chain solutions company Santova jumped nearly 13.9% on the news of an exceptional increase in earnings. In a trading statement related to the year ended February 2022, Santova guided that HEPS would skyrocket by between 166.4% and 171.4%. This is a HEPS range of between 125.40 cents and 127.75 cents. The share price closed at R6.33 on Friday.
- Mpact closed 6.15% higher on the day. The only news related to the company was that Gayatri Paper Mills has acquired a 10.2% stake in the company. When the market sees significant buying of a company’s shares, investors tend to wonder whether future corporate actions may be on the table. As things stand, the market is aware that Caxton has strategic intentions to increase its stake in Mpact. This remains one to watch.
- Pan African Resources has completed an underground drilling programme at Barberton Mines that included 68 underground diamond core boreholes. The company describes the outcome as being successful and significant high-grade drilling results. There’s visible gold in several drill intersections. This helps the company understand the full geological opportunity of its Barberton operations.
- Anyone who follows Tito Mboweni on Twitter will know that although he is passionate about cooking, his culinary skills probably wouldn’t earn many Vitality points. Nonetheless, Discovery announced that Mboweni has been appointed as a non-executive director of the company.
- Glenrock is in the process of making a mandatory offer to the other shareholders of Universal Partners Limited, a Mauritian investment holding company listed on both the Stock Exchange of Mauritius (SEM) and the JSE. The formal offer documentation has been provided by Glenrock under Mauritian law. Universal Partners will issue a reply document (which deals with the merits of the offer and the opinion by the directors to guide shareholders in making a decision) on around 24th May.
- After meeting all conditions precedent, Arden Capital has confirmed its delisting date as 24th May.
- The CFO of Sasol sold shares in the company worth over R4.8 million. Although there are many reasons why directors may choose to sell their shares in the market, it’s always worth taking note when the trade is large.
- Net1 shareholders have approved a change in the company’s name to Lesaka Technologies, Inc.
- In the very unlikely event that you are a shareholder in Russian property investment fund Raven Property Group, please note that the company has published the circular dealing with the proposed delisting of its shares.
