In 2016, EOH was a darling of the stock market; a new age company providing a wide array of digital solutions to a wide range of businesses. But a too-aggressive acquisitions strategy eventually made it difficult for them to consolidate, left some elements of the business, particularly those that had contracts with government agencies, to their own unsavoury devices.
There are two terms worth knowing here: Outstanding shares, and float. A company’s outstanding share count tells us the total number of shares in existence. For EOH a large chunk of those shares is held by company insiders and other institutional investors. This means there aren’t many shares available to trade freely on the JSE. The company’s majority shareholders include management , operating company Lebashe, and fund managers Fairtree, Foord and the PIC.
When Van Coller joined, the company had an average traded volume of between 300,000 and 400,000 shares a day.You tell people that you aren’t going to do that well, and there is share price movement of between 8%-9% on 600,000 shares, which is only a half percent of your issued share capital. It doesn’t make sense.”
Such a limitation will stop manipulation. As it stands, it is not fair trade and not what capital markets are there for. It has been tried with Capitec, Aspen and even the property companies.In response to a range of corporate scandals, speculation and innuendo that have characterised South African financial markets recently, the JSE embarked on a public consultation process to review its responsibilities and to strengthen regulation around primary and secondary listings.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
BUSINESS MAVERICK : The economic cost of tax, our low savings rate and red tapeFor years, policymakers have worried that our savings rate is too low. International comparisons often show that South Africa has one of the lowest savings rates in the world. These numbers generate widespread anxiety, and for good reason. Savings are the key to capital formation, and every economic theory — even Marxism — teaches that capital formation is necessary to raise wages and stimulate long-term economic growth. Why have our tax policies become opposed to it?
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Uber Shares Are Quickly Approaching ‘White Knuckle’ TerritoryWith Uber Technologies Inc.’s shares plunging nearly 20% below its IPO price on Monday, the stock might be fast approaching a “white knuckle” territory, according to one Wall Street analyst.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Ex-Fugees Rapper Poised to Be Charged in Case Tied to Obama Funding, 1MDBFederal prosecutors are expected to charge former rap star Pras Michel as soon as Friday with campaign-finance violations related to President Barack Obama’s 2012 re-election campaign, according to two people briefed on the matter.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: U.S. Readies New Tariffs as Trump Says He’ll Meet China’s XiThe U.S. prepared to hit China with new tariffs even as President Donald Trump said he’ll meet his Chinese counterpart, Xi Jinping, at next month’s G-20 summit, an encounter that could prove pivotal in a deepening clash over trade.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Global Stock Losses Hit $2.1 Trillion Ahead of Tariff DeadlineA are hours away from additional tariffs getting slapped on Chinese goods, with the U.S. and China in pivotal trade negotiations, fear has gripped markets and the level of sensitivity to any trade headline is extremely high.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Five post-election economic milestones to watchUnless the government adopts market-friendly economic policies that stimulate growth and job creation, the 2024 national election is likely to be a fraught affair. What are the five milestones that investors will take comfort from after the 2019 election? Insightful article. 👌
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Barrick CEO Expects to Raise $1.5 Billion Through Asset SalesBarrick Gold Corp., which completed its acquisition of Randgold Resources Ltd. at the beginning of the year, has identified $1.5 billion in assets the miner intends to sell, Chief Executive Officer Mark Bristow said.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Wednesday May 8: Five Things You Need to Know to Start Your DayU.S. stocks plunged on President Trump’s tariff threats, and Asian equities are poised to follow. Christine Lagarde finds Trump’s presidential tweets “unfavorable.” And it’s shaping up to be a record year for bond defaults in China. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Trump Warns China to Act on U.S. Trade Deal or Face Worse TermsPresident Donald Trump said it would be wise for China to “act now” to finish a trade deal with the U.S., warning that “far worse” terms would be on offer for them after what he predicted would be his certain re-election in 2020.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Tuesday May 14, Five Things You Need to Know to Start Your DayU.S. stocks plunged after China hit back at Trump, and Asian futures indicate the selloff is far from over. Uber’s skid continues and in the Philippines, Duterte’s allies lead the Senate vote. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »