Investors get cold feet at Telkom is slow to unlock value
Telkom’s value-unlock strategy gets delayed, with an operational impact. Business Report quotes Mergence Head: Equities, Peter Takaendesa.
The ART of buyback
06 July 2023 Last week, Argent Industrial, a small-cap industrial business listed on the JSE, released their 2023 earnings report, disclosing headline earnings per share of R4.11. This takes the annual earnings of the business higher than the share price in 2016, when our client funds first bought a position in Argent at R4 a […]
Afrimat buys Lafarge SA for R1 billion
Afrimat buys Lafarge – a wise move? Izak van Niekerk, Portfolio Manager at Mergence Investment Managers, comments in Business Report that Afrimat is paying a very good (and hence low risk) price and are likely doing a good long-term transaction at a time of peak pessimism.