JSEDirect 192: New Astoria listing from Anchor Capital

Simon Shares Lonmin (JSE code: LON) a disaster of a storey. Back in July 2008 Xstrata offered GBP33 a share valuing he company at around R100billion at the time. It was rejected as under valuing the company. Stock has traded over R600 in 2007, now under 200c and a massive (seriously massive) rights issue at 21.4c. This national drought is getting very real with all sorts of implications for local companies, and none of them good. Bryan Rudd CIO Anchor Capital MaurtriusAstoria is being listed by Anchor Capital and will invest in a portfolio of global equities and private equity businesses. 60% equity 20% niche 20% alternative and private equity fund. USD based and traded on the JSE. We Get Mail Several people asking Am I buying Lonmin? Several people asking Am I buying MTN? Manro (via twitter) What price will SA investors get on JSE for SABMiller (JSE code: SAB) after the £44 offer from AB Inbev? How much of that is cash? Do I hold or sell? ====== Subscriber to our feed here or sign up for email alerts as a new show goes live or subscribe in iTunes. JSE – The JSE is a registered trademark of the JSE Limited. JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.