Altron and subsidiary Altech both cautioned their shareholders within moments of one another on Friday that they were in talks that could have an impact on the share prices of the two companies. The move has ignited speculation that Altron could have another go at delisting Altech, which
Browsing: Irnest Kaplan
It’s been a good year for most technology stocks listed on the JSE. One notable exception is Gijima, whose share price has tumbled by more than two-thirds in the past 12 months as investors fret about the company’s future. It’s lost nearly half its value since it published its annual results in
The government’s decision in August to retain two Telkom directors who small institutional investors wanted removed and vote off four independent investors has led to speculation that the purge of the board was driven by a long-term plan for the company
International credit agency Moody’s this week cut its ratings outlook for JSE-listed fixed-line telecommunications operator Telkom. This followed the agency’s downgrading of SA’s government bond rating last week. The move is likely to make it more difficult for Telkom to raise debt, at least at interest rates it would
It hasn’t been a good year for Telkom, or a good decade for that matter. The JSE-listed company’s share price is down by almost 40% since January. Cabinet has put paid to management’s plan to sell 20% of its equity to Korea’s KT Corp. The price of mobile services is falling, eroding its market share
Earlier this week, Blue Label Telecoms, the largest distributor of prepaid vouchers airtime in SA, revealed that 8ta accounts for well under 1% of its airtime revenues. Vodacom, MTN and Cell C contribute 53%, 34% and 10% respectively. There was little doubt 8ta, which was launched in 2010 after Telkom disposed of
The sharp decline in Tekom’s share price in recent months could pose a challenge for it in its talks with KT Corp to sell 20% of its equity to the Korean telecommunications firm. Telkom share price has fallen significantly in recent months because of disappointing financial results and, more recently
Questions are swirling after Telkom said this week that, for the first time since its listing on the JSE in March 2003, it will not hold a presentation to talk about its interim financial results, which are due to be published on Monday. The results presentations, held every
Though Vodacom’s interim results, announced on Monday, showed a strong improvement in dividend payments and headline earnings per share, at least one analyst is troubled by the lack of growth in voice revenue, despite a sharp increase in voice
If Korea’s KT Corp (formerly Korea Telecom) were to take a 20% stake in Telkom, it would on balance be a positive development for the JSE-listed telecommunications operator, analysts polled by TechCentral said on Friday. Telkom told shareholders on Friday morning before the