MultiChoice shares fall 12%
The company was downgraded as J.P. Morgan believes it intends to 'throw considerably more money at Showmax than what the market expects,' said Casparus Treurnicht.
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The company was downgraded as J.P. Morgan believes it intends to 'throw considerably more money at Showmax than what the market expects,' said Casparus Treurnicht.
Multichoice did not declare a dividend for the full year to the end of March.
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Canal+ has increased its stake in MultiChoice to 31.7%, taking it closer to a potential mandatory offer to other shareholders.
MultiChoice Group Limited (OTCMKTS:MCHOY – Free Report) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 800 shares, a decline of 76.5% from the May 31st total of 3,400 shares. Based on an average daily trading volume, of 18,800 shares, […]