It certainly does not take much to ignite the share price of Namibian investment company Trustco, which has operations that span insurance, banking, private education, diamond mining and real estate. On November 6, Trustco’s shares had drifted down to 620c with the market showing apparent concern that CEO, founder and major shareholder Quinton van Rooyen was about to provide a much-needed new loan structure for the company. The highly illiquid share, held mostly by Van Rooyen and entities associated with US-based investor Sean Riskowitz, had since mid-September shown ominous signs of brittleness. In recent weeks, the share price started showing signs of a steady recovery. On Monday, however, Trustco’s shares spiked more than 10% in light volumes on the seemingly mundane news that the group’s educational division’s Vocational Training Centre received a compliance certificate from the Namibian ministry of labour on November 18. On Wednesday, Trustco also provided an update of its diam...
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