LAB Acquisition Bearish
LABAT AFRICA LIMITED - Acquisition Of 20% Of Mozfinders Lda
Labat Africa Limited
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What this filing means
Labat Africa is acquiring a 20% stake in Mozambique logistics firm Mozfinders for R24 million, introducing cash drain and severe dilution risks without a shareholder vote.
Bull case
- The 20% stake in Mozfinders LDA provides strategic exposure to the Mozambique logistics, procurement, and industrial services sectors, aligning with the Board's African expansion strategy.
- Mozfinders appears highly profitable based on latest available statements, reporting R100 million in profit after taxation on R213.5 million in revenue.
Bear case
- The deal includes the issuance of 200 million new ordinary shares, actively diluting existing equity holders at a deeply depressed market price.
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