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19 October 2020
 
 
 
Hello Voornaam,
 

The JSE could be set to lose yet another listing after Afrox's biggest shareholder, multinational gases group Linde, made an offer to minority shareholders. It looks like the deal is likely to succeed too after a number of large institutional shareholders gave it their support. The announcement came after the close of trade on Friday so watch out for a big rise in Afrox's shares this morning.

Meanwhile, Metrofile's shares fell after it withdrew the cautionary related to its potential buyout by a private equity consortium. While it said the buyers are still interested, they just can't get to SA to conduct due diligence due to Covid-19 travel restrictions.

Another SA Inc. share, York Timber, shot up by close to a quarter after it flagged strong first-quarter earnings following a tough period for the timber group.

More on those stories to follow, along with interim results from Renergen and an update from RDI REIT.

Have a good week.

Stephen Gunnion

Managing Editor, InceConnect



The latest from Ingham Analytics

Ingham Analytics has issued their first Mining Monitor entitled "Nickel for Elon?" and, as the name suggests, takes a dive into the metal. Elon Musk is promising a "giant contract" to a mining company, subject to a couple of caveats, and one big-listed mining company could stand to benefit. With gold closing Friday above $1,900/oz you may want to check out "Gold a must?" and with Brent keeping north of $40/bbl "Over a barrel?" gives useful insights.

 

 
Todays Latest Headlines
 
 
 
 
Afrox receives takeout offer
Afrox receives takeout offer
Controlling shareholder Linde says the company is more suited to an unlisted environment due to the poor tradability of its shares.
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Metrofile takeover hampered by Covid-19
Metrofile takeover hampered by Covid-19
The document storage company says a private equity consortium is still keen to acquire it but is hampered by Covid-19.
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York Timber finally out of the woods
York Timber finally out of the woods
Following a big turnaround in earnings, the forestry company is establishing its first soft citrus crop as it diversifies its business.
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Nickel for Elon?
Nickel for Elon?
Last week, Ingham Analytics issued an Energy Monitor, a new theme on developments in the broad energy basket, and today they are issuing their first Mining...
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Thorts - Tax pitfalls when issuing shares at a discount
Thorts - Tax pitfalls when issuing shares at a discount
From a tax perspective, even if shares are issued at a discount for sound commercial reasons, it may have adverse tax consequences for the company or...
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RDI reports improved rent collections
RDI reports improved rent collections
The real estate investment trust says negotiations with tenants and clients are ongoing.
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