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Podcast: WorldWide Markets with Simon Brown
Episode: JSEDirect 192: New Astoria listing from Anchor Capital
Description: Simon Shares
Lonmin (JSE code: LON) a disaster of a storey. Back in July 2008 Xstrata offered GBP33 a share valuing he company at around R100billion at the time. It was rejected as under valuing the company. Stock has traded over R600 in 2007, now under 200c and a massive (seriously massive) rights issue at 21.4c.
This national drought is getting very real with all sorts of implications for local companies, and none of them good.
Bryan Rudd CIO Anchor Capital MaurtriusAstoria is being listed by Anchor Capital and will invest in a portfolio of global...