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Foshini Group

  • How to Profit from the Foshini Group Rights Issue
  • Last week our TFG short was closed out for a 133% geared gain, it has since rallied to above R69.00 on optimism around the JET acquisition news. However, Foshini also announce they are raising about R4bn in a deeply discounted rights issue. Today (21 July) is the last day to trade in the shares to be awarded the rights at a take-up price of R41.90 per share. What is a rights issue, you m... ››› more
  • [21 July 2020]

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