Breaking: Gold trading game changer to hit the OTC market

There are more Krugerrand coins in circulation than any other minted gold coin in the world, the Krugerrand also holds the title as the most widely held and traded bullion coin in the world. Where gold prices have historically been dictated by their set market price, Equity Express is about to launch a new offering … Read more

How to achieve outperformance without taking on crazy risk

By Craig Martin Considering both the global and local economic landscape investors in the JSE would be forgiven for being somewhat cautious. The dilemma is that if the US economic recovery continues, and Europe continues to pump money into the markets, then equities might continue their run. Is it therefore possible to seek outperformance without … Read more

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

Armitage gives it horns – Anchor Capital opens at 50% premium, goes higher

A dream that began three years ago for top rated investment analyst Peter Armitage became reality this morning when his Anchor Capital Group made its debut on the JSE’s AltX board. The shares started trading at 300c, a 50% premium to the price at which the stock was privately placed. By lunchtime they’re hit 390c, … Read more

Stephen Saad’s Aspen: From JSE newcomer to R150bn valuation in 16 years

In 1998, Stephen Saad and Gus Attridge took their ambitions public through the reverse takeover by their year-old business into JSE-listed Medhold. A year later they pulled off a R2.4bn hostile takeover of the well resourced but poorly managed SA Druggists. And the rest is history. Now a multinational corporation, last week Aspen delivered another sparkling … Read more

Thembeka Capital to unwind its investments

Thembeka Capital, the black owned investment holding company and an associate of PSG Group, announced today that it is to unlock value for its shareholders. By doing this Thembeka’s black shareholders will effectively realise R165.85 per share, a 56.3% premium to the Thembeka OTC share price of R106.12 per share, as at 30 June 2014, … Read more

Is MTN Zakhele’s trading platform at risk?

MTN Zakhele was granted temporary exemption by the Financial Services Board before starting its platform in November last year. The FSB gave MTN Zakhele permission to operate using a call centre and an online OTC trading system. MTN Zakhele has over 100,000 shareholders and caters to an active BEE share trading environment. This temporary status … Read more

FSB suffocates R25bn BEE market

*By Riaz Gardee The recent FSB directives requiring trading platforms to apply for exchange licences have caused disarray amongst the over-the-counter BEE market. Trading volumes have plunged up to 30% since the FSB directive and Thembeka Capital has even ceased all trade since 31st July. BEE shareholders in these OTC counters have reason to panic … Read more