Maurice Shapiro on Attacq’s results

An investment vote of confidence in JSE-listed capital property company Attacq – which has delivered 25% growth in Net Asset Value Per Share (NAVPS) – is effectively a vote of confidence in the giant Waterfall Estate development in Midrand.

Anchor Capital price overcooked for now – CEO Peter Armitage

Chief executives are naturally optimistic. They need to be to shrug off challenges and devise new ways of adding value for shareholders. But sometimes even the greatest optimists feel compelled to call a halt to irrational exuberance (courtesy Alan Greenspan) as Peter Armitage, CEO of today’s new listing Anchor Capital, did in this interview. The … Read more

Expert market insights: BHP Billiton, Abil’s effect on money markets, Lewis Group

Kimon Boyiatjis from Trident Capital closed off this week’s market analysis by taking a look at some of the fresh news from the SENS today. Kimon started off with BHP Billiton providing shareholders with an update of its decade long portfolio simplification, shareholders responded well to the news and BHP Billiton is up just under 4% on the … Read more

More questions arise from Coronation’s Abil share dumping

By Alec Hogg I received interesting response from yesterday’s newsletter regarding Coronation’s dumping of 170m Abil shares after the profit warning. Including an insider who suggested the asset manager, which for months had been former CEO Leon Kirkinis’s biggest supporter and at 20% Abil’s biggest shareholder, either employs clairvoyants or had some insights the rest … Read more

Only 29% of SA employees will have a comfortable retirement – survey

In popular culture, retirement is often painted as the golden years, a time to sit back and enjoy the fruits of a lifetime of hard work. Unfortunately, that attractive dream is very far from the reality for the majority of South Africans. According to a recent survey, only 29% of working South Africans who are … Read more