If a company you own shares in declares a rights issue, you don't have to take up the right to buy new shares.
Instead of letting your rights issue offer expire worthless, make sure you sell them on.
So how can you do that?
Read on to find out…
What is a rights issue?
A rights issue is when a company decides to raise money by selling new shares to its existing shareholders. A ... ››› more
Value Group focuses on logistics and transport. The company has a listing on the Johannesburg Stock Exchange…
Full name: Value Group Limited
Short name: Value
Ticker: VLE
Sector: Industrial goods & services – industrial transportation
Five top facts about Value Group
Fact #1:
Value Group employs over 2,600 people across its operations. The company operates through South Africa ... ››› more
One of the advantages of listing on a stock exchange is companies can raise cash when they need to from selling shares.
An established company may decide to raise extra cash by declaring a rights issue. A rights offer gives existing shareholders the right to buy more shares in the business in proportion to the shares they already own.
So if this happens to you, should you take up the offer ... ››› more
Prescient focuses on providing financial services and IT services to its clients. The company has a listing on the Johannesburg Stock Exchange…
Full name: Prescient Limited
Short name: Prescient
Ticker: PCT
Sector: Financial services – financial services
Five top facts about Prescient
Fact #1:
Prescient employs nearly 500 people across its operations.
Fact #2:
Prescient has... ››› more
Foneworx is an investment holding company of businesses that provide various services surrounding fixed and mobile telecommunications. The company has a listing on the Johannesburg Stock Exchange…
Full name: Foneworx Holdings Limited
Short name: Foneworx
Ticker: FWX
Sector: Technology – technology hardware & equipment
Five top facts about Foneworx
Fact #1:
Foneworx employs arou... ››› more
With its roots dating back to 1948 in the Eastern Cape, Sovereign Food Investments is a company specialising in poultry. The company has a listing on the Johannesburg Stock Exchange…
Full name: Sovereign Food Investments Limited
Short name: Sovfood
Ticker: SOV
Sector: Food & beverage – food producers
Five top facts about Sovereign Food Investments
Fact #1:
Sovereign Food Investmen... ››› more
The commodity-heavy Johannesburg Stock Exchange is under severe pressure as commodity prices tumble yet again.
Many of the local bourse's heavyweights are commodity stocks. Several of them are down over 7% and 8%.
Let's take a closer look at what's going on…
The JSE fell hard following commodity prices lower
Today, stocks on the JSE fell “the most in more than six weeks,” repo... ››› more
Sabvest is an investment company. The company has a listing on the Johannesburg Stock Exchange…
Full name: Sabvest Limited
Short name: Sabvest
Ticker: SBV
Sector: Investment instruments – equity investment instruments
Five top facts about Sabvest
Fact #1:
As an investment company, Sabvest has the following investments:
Significant stakes in three unlisted industrial c... ››› more
Earlier today, Anglo American Platinum (Amplats) released a trading statement covering its full-year to the end of December this year.
In the statement, Amplats revealed the company expects earnings for the full-year to drop significantly. This is mostly in part to a five-month strike that hit the platinum producer this year.
Let's take a closer look at what Amplats said…
Amplats say... ››› more
It's emerged that a number of directors of Steinhoff International bought a substantial amount of shares in the company in September.
The directors who purchased shares didn't disclose that a deal was imminent with Pepkor.
Last Tuesday, shares in Steinhoff soared on the back of the Pepkor takeover deal.
Let's take a closer look…
Steinhoff didn’t notify shareholders about an impe... ››› more
Nu-World Holdings focuses on the manufacture, import, distribution and export of branded consumer durable goods. The company had a listing on the Johannesburg Stock Exchange…
Full name: Nu-World Holdings Limited
Short name: Nuworld
Ticker: NWL
Sector: Personal & household goods – leisure goods
Five top facts about Nu-World Holdings
Fact #1:
Nu-World Holdings employs around 800 ... ››› more
Austro Group is an industrial company specialising in providing industrial equipment and related components. The company has a listing on the Johannesburg Stock Exchange…
Full name: Austro Group Limited
Short name: Austro
Ticker: ASO
Sector: Industrial goods & services – industrial engineering
Five top facts about Austro Group
Fact #1:
Austro Group employs around 350 people acr... ››› more
Yesterday, stocks on South Africa's bourse closed in the red. The main contributor to the fall was a poor performance by mining stocks.
One stock that performed well was Steinhoff. It rallied strongly after announcing a deal to take over Pepkor.
Let's take a closer look at what went on…
Steinhoff closed 4.5% higher
The JSE ended in negative territory under the weight of some minin... ››› more
Brimstone Investment Corporation is a black managed and controlled investment company. The company has a listing on the Johannesburg Stock Exchange…
Full name: Brimstone Investment Corporation Limited
Short name: Brimston
Ticker: BRT
Sector: Investment instruments – equity investment instruments
Five top facts about Brimstone Investment Corporation
Fact #1:
Brimstone Investment... ››› more
Earlier today, Steinhoff International Holdings announced its decision to buy the majority of Pepkor. The deal is valued at R68.2 billion.
Shares in Steinhoff soared on the news as investors greeted the news well.
Let's take a closer look at what's going on…
Steinhoff will own 92% of Pepkor
Steinhoff [JSE:SHF] announced a R68.2 billion deal to purchase “a 92% stake in clothing r... ››› more