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27 May 2021
 
 
 
Hello Voornaam,
 

Mediclinic's shares rose yesterday on the news that it is supporting a buyout of Spire Healthcare, the UK hospital group it owns a close to 30% stake in. While that will strengthen its balance sheet, it will receive about two-thirds less than it paid for its interest in 2015. The private hospital operator has also reported an improved performance from its operations in Southern Africa, Switzerland and the United Arab Emirates, despite the impact of second and third waves of the Covid-19 pandemic.

Steinhoff's shares failed to respond to a positive debut for its Pepco Group subsidiary on the Warsaw Stock Exchange. While Pepco's shares rallied 12.5%, Steinhoff closed a little lower despite it retaining close to 80% of the European discount retailer.

Meanwhile, Bytes Technology also closed slightly down following the release of its first results since listing on the London Stock Exchange. However, the group has had a very strong run since it joined the LSE last December.

More on those stories to follow, along with annual results from Zeder Investments and news that Arrowhead has deferred a decision on its interim dividend until the release of its full-year results later this year.

I hope you have a good day.

Stephen Gunnion

Managing Editor, InceConnect


 

 
Todays Latest Headlines
 
 
 
 
Mediclinic agrees to Spire acquisition
Mediclinic agrees to Spire acquisition
The private hospital operator says it will use the proceeds to reduce debt as its global network recovers from Covid-19.
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Pepco Group rises on Warsaw debut
Pepco Group rises on Warsaw debut
Shares of the European discount retailer gained 12.5 percent and were the most traded on the Warsaw bourse yesterday.
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Bytes beats forecasts with maiden results
Bytes beats forecasts with maiden results
The technology group was included in the FTSE 250 index in March due to strong demand for its shares.
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Arrowhead holds off on interim dividend
Arrowhead holds off on interim dividend
The real estate investment trust will make a decision at the end of its financial year as it preserves liquidity due to Covid-19.
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Zeder still mulling future strategy
Zeder still mulling future strategy
The agribusiness investment company says it remains focused on growing its investee companies while it evaluates various third party approaches.
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CORPORATE ANNOUNCEMENT BY: STEFANUTTI STOCKS
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