While many companies are making headlines for all the wrong reasons, emerging natural gas and helium producer Renergen is featuring for the right ones. Granted, the company has a great PR machine and CEO Stefano Marano is charismatic and quick to jump on opportunities that promote the company that is drilling for gas in the Free State. It's a small share but getting bigger, helped by yesterday's close to 7% jump after it said it was patenting an aluminium vessel filled with helium that could keep Covid-19 vaccines - when we eventually get them - at ultra-low temperatures for up to 30 days as they are transported around the country. Read on for more on Renergen's invention, as well as news of Capital Appreciation's upcoming listing on A2X Markets and Workforce Holdings' latest acquisition. Meanwhile, Impala Platinum has reported a poor response to its invitation to bondholders to sell back some of their paper - partly due to the big rise in its share price this week. And KAP Industrial says most of its businesses have shown a good recovery after their operations were hampered by Covid-19 lockdowns. It's the end of the week, so DealMakers also brings you the latest mergers and acquisitions news from here and around the rest of the continent. Have a great weekend. Stephen Gunnion Managing Editor, InceConnect
The latest from Ingham Analytics Sasol has 628 million shares in issue - and Ingham Analytics calculate this figure could grow to 1 billion should there be a $2 billion rights issue, 36% of the market value of the company. This will have significant implications for shareholders as "Stuck between the devil and the deep blue sea" analyses. Even after asset sales at discount prices there is still a big hole in the balance sheet and expensive USD debt to service. Copper hit $7,800/t yesterday, up 70% since March. "Dr Copper gives a diagnosis", issued on Tuesday, assesses what's going on with metals. |