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
 
   
   
   
   
   
 
Disclaimer

Our content is intended to be used and must be used for informational purposes only. You must do your own analysis before executing any investments or strategic decisions, based on your own circumstances. We do not provide personalised recommendations or views as to whether an investment approach or corporate strategy is suited to the needs of a specific individual or entity. You should take independent financial advice from a suitably qualified individual who gives due regard to your personal circumstances.

Whilst every care is taken, we accept no responsibility or liability for any errors or omissions in any of our content.

The views, thoughts and opinions expressed in our content belong solely to the author or quoted individuals and/or entities, and not necessarily to the author's employer, organisation, committee or other group or individual, or any of our affiliates or brand partners.
 
   
 



We are active on

 
  View online    |    Unsubscribe  
 

This email was sent to newsletter@newslettercollector.com on 2021-07-28

 
 

Powered by Ince (Pty) Ltd | 42 Wierda Road West, Wierda Valley | Sandton | Gauteng | 2196 | SouthAfrica