Browsing: James Herbst

Despite turning in a R16,9m loss in the financial year to 28 February 2011 and facing a R30m lawsuit from MTN, JSE-listed telecommunications specialist Huge Group says it is confident it will survive the

The JSE said on Monday that telecommunications company Huge Group had 10 days to release its results or face suspension of termination of its listing. Huge Group was meant to publish its results by the end of May. The JSE warned that Huge Group and

There is no link between the decision by Huge Group acting financial director Yvette Neveling to resign and its announcement just hours later that the company has failed to publish in 2011 financial results within the deadline prescribed by the JSE, says CEO

Huge Group trumpeted in a press release on Thursday about how it has turned around its fortunes financially, reporting a profit in the six months to 31 August 2010. But a closer reading

In the past 12 months, AltX-listed Huge Group’s share price has defied gravity, soaring nearly 400%, making it one of the best performing shares on the JSE. At face value, though, the share’s sterling performance makes little sense.

Anton Potgieter has handed over his position as chairman on Huge Group to Stephen Tredoux, a former MTN executive. Potgieter will remain as executive director and will stay on as MD of the group’s mobile

AltX-listed Huge Group has posted a strong turnaround in its fortunes in the past six months, converting a R5,9m loss in the six months to 31 August 2009 into a profit for the full year to 28 February of R8,1m on revenues that fell from R608,5m to R573,5m. The group has done this, it says, by improving operational efficiencies and

Huge Group’s income statement has been splashed in red ink for the six months to 31 August 2009. The telecommunications…

Is AltX-listed Huge Group courting trouble with the JSE? The telecommunications company has failed to publish its interim results to…

SA’s mobile operators are unlikely to slash their retail call tariffs, even if mobile interconnection rates are cut dramatically. That’s…