On Tuesday, 4 June 2024, shareholders in RCL Foods (JSE: RCL) approved the unbundling and subsequent listing of its poultry operation – Rainbow Chicken. RCL will distribute the 890.3 million Rainbow shares it holds to shareholders. Shareholders will receive one Rainbow share for every one RCL Foods share. And the listing is set to take place on 26 June 2024. So, what does it mean for both companies and shareholders?
Read MoreFor decades, nuclear power has been the largest source of clean energy in the US. In 2023, nuclear power accounted for 19% of total energy produced. Because nuclear is such a large sector in the US, it’s also a good source of jobs directly employing nearly 60,000 workers.
Read MoreIt’s very rare to see a JSE stock double in a month…let alone rally +300% higher… Typically, we see BIG gains like this in offshore small caps, and usually new tech start ups and right now, AI stocks. But Kore Potash has nothing to do with these sectors…
Read MoreOn Wednesday , 22 May, the company leading the AI race – Nvidia – reported its first-quarter earnings. And they absolutely smashed investor expectations. The chipmaker beat analysts’ estimates on every single front. In fact, it was Nvidia’s most profitable and highest sales quarter ever! Now, when you investigate Nvidia’s results a little closer, it’s no surprise that the lion’s share of its record growth came from…
Read MoreIn April 2022, shares in Transaction Capital (JSE: TCP) hit over R18.30. Fast-forward to today, and you can invest in TCP at around R2.70 a share. That’s a whopping 85% drop in its share price in just over two years! So, what happened?
Read More
Get the latest trading and investing recommendations straight to your inbox!
Privacy: We never share your email address You can unsubscribe at any time