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03 May 2021
Hello Voornaam,

Ascendis Health has been given another week and a half to reach a recapitalisation deal with its lenders. In an update late on Friday afternoon, the pharmaceutical group said its forbearance creditors agreed to extend the forbearance period until the close of business on 11 May. The extension means action won't be taken against it for missing interest payments or defaulting on loans.

More to follow in today's newsletter, along with updates from Rhodes Food Group, now called RFG, Impala Platinum and Stenprop, as well as results from Trematon Capital Holdings.

In episode 23 of the Magic Markets podcast, European investor and student of the markets @TobyTheInvestor joins The Finance Ghost and Mohammed Nalla from Copenhagen to discuss European markets and the appeal of Nordic markets that are often ignored when people think about global opportunities.

Europe can offer attractive risk/return trade-offs, if investors know where to look. Toby gives great practical insights into navigating the region, including an understanding of the numerous Volkswagen listings!

Finally, in The Week Ahead, Chris Gilmour looks back on some of the news that shaped the markets last week and what to watch out for in the days ahead.

I hope you have a good day.

Stephen Gunnion

Managing Editor, InceConnect



Todays Latest Headlines

Ascendis extends talks with lenders
The pharmaceuticals and healthcare group says an announcement on its recapitalisation deal will be made as soon as negotiations are finalised.
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Implats on track with targets
The platinum group metals group says it continues to demonstrate resilience amid the ongoing challenges presented by Covid-19.
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RFG to report big rise in earnings
Despite a dip in turnover due to ongoing Covid-19 restrictions and congestion at the Cape Town harbour, earnings will be significantly higher.
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Trematon grows education business
The investment holding company says its General Education business is growing faster than expected, resulting in extra costs.
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PODCAST: Magic Markets Ep23: European Gems
Europe can offer attractive risk/return trade-offs, if investors know where to look.
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The Week Ahead
America expands, Europe shrinks in the first quarter of 2021.
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