COMPANY COMMENT
To suspend, or not to suspend Tongaat: that is the JSE’s question
Those who say a share should continue trading freely argue that those who want to exit can do so, while those who want to speculate on the stock are free to take a punt
04 June 2019 - 17:08
UPDATED 04 June 2019 - 23:35
The JSE should consider suspending Tongaat Hulett’s shares, since the sugar producer has admitted itself that its past financial results cannot be relied upon to determine its value.
There are valid arguments for and against suspending shares in these cases. Those who say a share should continue trading freely argue that those who want to exit can do so, while those who want to speculate on the stock are free to take a punt...
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