Market not convinced by AEEI profit announcement

African Equity Empowerment Investments on Thursday posted a strong set of results, but the market is not convinced.

But Anthony Clark, independent analyst at Small Talk Daily Research, said “the results seem like pure fantasy”. Former Ayo CEO Kevin Hardy testified that the company’s CFO was instructed to tamper with its financials.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market not convinced by AEEI profit announcementCompany says revenue for period to February increased 31% to R792m and taxed profit 246% to R546m So when does this become criminal? asking for Pension Fund vested in the PIC.
Source: BDliveSA - 🏆 12. / 63 Read more »

Emerging-market currencies slip, including the randTurkey’s lira is heading for a seven-month low and a rating review, as SA elections are mulled by global markets
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: Rand biggest gainer among emerging marketsThe JSE had a good day, with the all share rising to 59,335.9 points, with platinum miners leading the way
Source: BDliveSA - 🏆 12. / 63 Read more »

Rand a little firmer as market eyes US-China trade warThe rand weakened on Sunday after US President Donald Trump threatened to tariffs on Chinese imports, although local focus is on the elections
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: Rand biggest gainer among emerging marketsThe JSE had a good day, with the all share rising to 59,335.9 points, with platinum miners leading the way
Source: TimesLIVE - 🏆 28. / 59 Read more »

Audioboom / My Money My Lifestyle - 3 May 2019 - Is now the time to invest in the market?
Source: City_Press - 🏆 7. / 72 Read more »

MARKET WRAP: JSE slips in risk-off trade as Naspers leads lossesInvestors are wary after an increase in US-China trade tension, with the Shanghai Composite experiencing its worst day in over three years
Source: BDliveSA - 🏆 12. / 63 Read more »

Steinhoff falls 15% as market reacts to glum 2017 earnings reportThe Stellenbosch-headquartered retail conglomerate published its long-delayed 2017 earnings late on Tuesday. Fin24 Seriously? Thought this shitstock Steinhoff was on 0 already? Buying this now is like voting for the ANC.
Source: News24 - 🏆 4. / 80 Read more »

MARKET WRAP: JSE at six-week low as election results roll inGlobal risk-off trade has put pressure on the local bourse, while early results in the general election show the ANC’s majority has fallen below 60%
Source: BDliveSA - 🏆 12. / 63 Read more »

Uber valued at $82bn in IPO as market jitters and Lyft woes take a tollThe ride-hailing company's valuation is almost a third less than the $120bn its investment bankers predicted in 2018
Source: BDliveSA - 🏆 12. / 63 Read more »