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 Maurtrius
Astoria 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?

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