AFT Shareholder Notice Neutral
AFRIMAT LIMITED - Disclosure of Acquisition of Securities
Afrimat Limited
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What this filing means
Bull case
- Coronation Asset Management has acquired a 5.11% beneficial interest, introducing a significant new institutional shareholder to the register.
- The entry of a major local asset manager provides a vote of confidence in the company's long-term fundamentals despite recent price weakness.
Bear case
- Current valuation metrics appear extremely stretched with a trailing P/E of 39.2x and a Price/Book ratio of 142.24x against negligible TTM earnings.
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- AFRIMAT LIMITED - Annual Compliance Report Prepared in terms of the Broad-Based Black Economic Empowerment Act
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- AFRIMAT LIMITED - Vesting of ordinary shares by directors in terms of the Afrimat FSP
- AFRIMAT LIMITED - Audited AFS, dividend declaration, changes to board committees, distribution of IAR and Notice of AGM
Other Shareholder Notice
- FFBFORTRESS REAL ESTATE INVESTMENTS LIMITED - TRP121: Notification of acquisition of beneficial interest in shares
- BYIBYTES TECHNOLOGY GROUP PLC - TR-1: Standard form for notification of major holdings
- ARIAFRICAN RAINBOW MINERALS LIMITED - Acquisition of Securities by clients of Allan Gray Proprietary Limited
- QLTQUILTER PLC - Form 8.3 announcement
- NVSNOVUS HOLDINGS LIMITED - Announcement by Novus in respect of dealings in securities in accordance with the Companies Regulations, 2011