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15 April 2021
Hello Voornaam,
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The market doesn't appear convinced that EOH is progressing fast enough with its turnabout, sending its shares more than 5% lower yesterday when it released interim results. While it has continued to report losses, they have narrowed. It has also made progress on exiting some of the legacy contracts that have been weighing on it, while reducing debt.

Zeder's shares shot up 13% at their best after it said it had received interest in some of its investee companies and was engaging with the potential buyers. It also announced another, smaller special dividend along with its annual results yesterday.

Meanwhile, Hulamin and Bell Equipment have both reported losses for 2020 due to the impact of Covid-19 on their operations, with a better outlook for the year ahead.

More on those stories to follow, along with Finbond's expansion in the US as it grows its dollar earnings base.

I hope you have a good day.

Stephen Gunnion

Managing Editor, InceConnect


The latest from Ingham Analytics

In the intriguingly titled "NOPE, you can make money out of volatility" top trader and risk expert Andrew Kinsey provides practical tips to play a notably volatile situation to advantage once the extremes diminish. With some high-profile stocks in the US being especially volatile in the past few months this is a timely and helpful note. And with Alibaba agreeing to a penalty this e-commerce giant is offering interesting value relative to some well-known US tech stocks as "Slap" explores.


Todays Latest Headlines

EOH makes progress with turnaround
The technology services group has reported a decline in revenue after selling some businesses but says earnings are of a better quality.
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Zeder considers asset sales
Following a shift in strategy, the investment holding company says it has had a number of approaches from third parties keen on its assets.
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Covid-19 disrupts Hulamin recovery
The aluminium products manufacturer says the lockdown in SA and across the globe impacted sales of all products last year.
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Bell falls into a loss due to Covid-19
The maker and distributor of articulated dump trucks and agricultural machinery may receive an offer to buy out minorities.
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Finbond buys stake in US lender
The mutual bank and microlender says the deal will enhance its dollar earnings and expand its digital offering to more US states.
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NOPE, you can make money out of volatility
Top trader and risk expert Andrew Kinsey provides practical tips to play a notably volatile situation to advantage once the extremes diminish.
SHARE THIS STORY

Press Releases
PPS RESILIENCE PRODUCES SOUND PERFORMANCE IN UNPRECEDENTED YEAR
Professional Provident Society (PPS), the financial services company focused solely on providing financial solutions for graduate professionals, produced a resilient 2020 performance.
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Company Notices and Announcements
CORPORATE ANNOUNCEMENT BY: ZEDER INVESTMENTS LIMITED
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CORPORATE ANNOUNCEMENT BY: HULAMIN
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View All Company Notices And Announcements

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