Daily Insider: Innovative idea to get analysts appreciating CTSE ‘under-valued’ stock

CLICK HERE TO LISTEN TO YOUR EARLY MORNING UPDATE ON NEWS THAT MATTERS: Oil price drops sharply as China admits economic woes; US market's run continues into the new week; SA banks firm up in sympathy with strong Absa results; Rand's rally runs out of puff..LATEST ON BIZNEWS.COM: .SA's top banking analyst on Absa: 50% upside in next two years 'I'm ready to be President' – SA politics disruptor-in-chief Mmusi MaimaneRain chairman Harris wants merger with Telkom for unique trifectaIsraeli water experts in SA – politics be dammed (pun intended)St Stithians – so woke it's half asleep Nursing crisis stands to sink NHI – veteran nursing chiefNew world of trucking: The price advantage of a Tesla Semi Freedom of speech is becoming increasingly expensive Zimbabwe's real heart emerges as cruel memories subsidePassive submission to Covid restrictions a symptom of safety culture 'Mr Cholesterol' Ancel Keys' 70 year dietary con – Prof Tim Noakes Takatso public/private consortium ready for take-offMmusi Maimane SA President in 2024? Not as far fetched as you may think. (Premium) Market rebound draws wary eye from some investors (Premium).NB: Getting this newsletter second hand? Click here for your own copy. It's free and takes under a minute..Innovative idea to get appreciation for an under-valued stock .First a disclaimer. BizNews is a shareholder in AltVest Capital, the CTSE-listed company democratising venture capital investing. So, because we have a vested interest in its success, I'd usually not cover what follows. But this is so damned innovative, it would be sinful to ignore..Since listing a couple of months ago, Altvest shares have hovered around its pre-IPO price of R5 a share. The company plans to list a dozen exotic assets in the next year, starting with Umganu Lodge, whose original owner cricketer Kevin Pietersen is retaining 50% of the equity..AltVest founder Warren Wheatley believes the share price is too low. So to test that thesis, the company will pay R100,000 in three prizes (50:30:20) to winners of a competition open to anyone prepared to do homework on AltVest and submit a three page report on their valuation..The competition is called #StockTake. If you fancy having a crack, click here to enter. It closes on Friday. I've seen promoters of undervalued companies use many ways to attract investor attention. Nothing quite like this. Will Wheatley's idea achieve his objective? Maybe. He says the first few entries put AltVest's value well above the current trading price..UPCOMING EVENTS – SIGN UP NOW .BizNews Conference – August 30 to Sept 3There have been a few late hotel room cancellations for BNC#4, so if you were hoping to join us at Champagne Sports Resort in a fortnight but couldn't because we were sold out, secure a spot now – click here for the details..data-title=" WATCH: The new management team at Absa continue to impress SA's top banking analyst, Kokkie Kooyman of Denker Capital. The bank's interim results for the half year to end June positions Absa as 'the best of the rest' behind market leading FirstRand, about as impressive an accolade as CEO Arrie Rautenbach could ask for. A strong profit increase, expanding market share, a solid balance sheet and a favourable cycle positions Absa shares for further gains – in Kooyman's opinion, around 50% upside over the next two years. He spoke to Alec Hogg of BizNews.".To receive the Daily Insider every weekday at 6am in your inbox click here. You can also sign up to the weekend's BizNews Digest for a wrap of the best content BizNews has to offer, for a leisurely Saturday read.

Daily Insider: Innovative idea to get analysts appreciating CTSE ‘under-valued’ stock

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