BUSINESS DAY TV: ‘Government and business are working well together’
Discovery CEO Adrian Gore takes us through half-year results and its progress in setting up its new banking arm.
Adrian Gore is the CEO of Discovery. BUSINESS DAY TV: Discovery’s first-half results presentation this morning obviously did the trick with shares rising 6% at one point and joining me now is CEO of Discovery, Adrian Gore. Adrian ... I’m not sure what you said to the market because some analysts that I spoke to found the results slightly underwhelming and the one thing that they’re really concerned about with Discovery is that you might need to go to the market to raise capital. Is a rights offer on the cards at some point in the near future? ADRIAN GORE: No it’s not on the cards. We are growing in a number of different directions. I tried this morning to clearly articulate the capital management plan and its three components and we are sticking to that quite carefully. But the reality is that we’re involved in some pretty big powerful stuff. The China initiative with Ping An has been tremendous and I think there’s a change in direction of a change of pace taking place. So there’s a...
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