Is the Indequity group's recent launch of a new line in insurance about to haul it out of obscurity on the JSE? Though Indequity has performed with some aplomb of late, at the moment there is very little trade in the tightly held share (management and directors hold around 72% of the issued stock). What's more, by retaining a listing on the JSE's moribund development capital market instead of transferring to the higher-profile and more vibrant AltX, Indequity, which specialises in niche insurance offerings, is certainly not helping to attract the attention of serious market participants.And with a market capitalisation of around R36m, a free float of not much more than 5m shares and no investor outreach programmes, it's unlikely Indequity will stroll into the sights of even the most determined value hunter.It's a great pity. The JSE does not offer much choice for punters who fancy a dabble in short-term insurance. Aside from stalwarts Santam and Zurich, investors...
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