Combined Motor Holdings shares lift as it expects higher earnings
Despite global supply and chip shortages, the car rental group has reported improved earnings for shareholders
Combined Motor Holdings (CMH) expects to report a more than two-fold jump in annual earnings, triggering talk of a bumper dividend and sending shares of the owner of car showrooms and other motoring related businesses higher.
The share price rose by as much as 5.4% to R29.50, its best level in three years, before paring gains to end the day up 3.18% at R28.89, valuing the company at over R2.1bn. ..