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Treading very carefully. Image: Qilai Shen, Bloomberg
Itâs hard to imagine what the Competition Commission would have done if any of the market-dominating companies it fined â ArcelorMittal, SAA, bread companies, construction companies, Telkom â had turned around and thanked it.
Thatâs what Alibaba did recently after the Chinese regulator imposed a record fine on it. The global tech group thanked the regulator and went on to say: âAlibaba would not have achieved our growth without sound government regulation and service, and the critical oversight, tolerance and support from all of our constituencies have been crucial to our development.â
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But perhaps some things will play out as expected. A look at Steinhoff, WallStreetBets, Sygnia and PPC. 00:01
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Stock markets across the globe seem to have lost touch with their fundamental purpose and are now little more than high-tech casinos. Image: Shutterstock
Steinhoffâs relatively dramatic â by Steinhoff standards â surge in share price has prompted speculation that something similar to WallStreetBetsâs frenzied trading in GameStop might be on the cards. It seems unlikely, but then again when youâre looking at a phenomenon that propelled a share that was valued at $4 less than a year ago to a recent high of $492, itâs probably unwise to make any sort of firm statement.
4 Penny Stocks On Robinhood Analysts Say Buy & 2 Have 100%+ Targets
Penny Stocks To Buy According To These 3 Analysts
Here we are, the final few weeks of 2020 and of course, we’re looking for top penny stocks to watch right now. Whether you’ve been watching on the sidelines are “getting into the game” the stock market has been a sight to see. Stocks sold off to 2017 levels earlier in the year. Then this month, the market recorded new all-time highs.
While stimulus measures have helped, we’ve also seen a flood of new traders enter the market. If you look at some of the brokerage growth statistics of 2020, you’ll see what I mean. In particular, check out the figures coming from Robinhood. Obviously, the latest headlines put the app in a very negative light, it doesn’t seem to have put a pause to the number of users trading penny stocks every day.
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For two of the Altron shares [shareholders] are getting one UK share: Altron CEO Mteto Nyati. 22:07
NOMPU SIZIBA: JSE-listed technology company Altron has announced that its Bytes Technology Group has completely demerged from Altron today. The Bytes Technology Group primarily listed on the London Stock Exchange today, achieving a share price of £2.70. Altron says that 40% of Bytesâ ordinary shares have been distributed to existing Altron shareholders, with the remaining shares taken up by investors outside South Africa, as well as the Bytes management team.
Well, to discuss this latest development and what it means, I’m joined on the line by Mteto Nyati, the CEO at Altron. Thanks very much for joining us, Mteto. Now, after your announcement to the market way back in April this year, finally the deal is done and the Bytes Technology Group, which has a big operational presence in the UK, is now listed on the London FTSE. Are you satisfied with
Altron jumps 5% on JSE after completion of Bytes demerger
By Sandile Mchunu
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DURBAN - Allied Electronics Corporation (Altron) share price rose by more than 5 percent on the JSE on Thursday after the information technology group announced that it has completed the demerger and listing of Bytes Technology Group plc (Bytes).
Bytes has a primary listing on the London Stock Exchange and a secondary listing on the JSE and it achieved a price of £2.70 per Bytes ordinary share on listing, with a market capitalisation of approximately £647 million (R13 billion).
Altron said in April that the rationale behind the demerger was that Bytes’ value was not reflected in Altron’s share price and its growth path was different from the rest of the group.