Invicta says it may shake up how it has allocated capital
Shares in Christo Wiese’s industrial holding company fell almost 16% on the news
04 February 2020 - 11:08
UPDATED 04 February 2020 - 17:30
The share price of Christo Wiese’s industrial holding company Invicta fell to its lowest in 16 years on Tuesday morning, after saying it is considering shaking up its capital allocation structure, and may tap shareholders or dispose of non-core assets.
The company, which has subsidiaries that include distributors of capital equipment, spare parts and engineering consumables in Southern Africa, is also considering realigning debt, and conducting specific inventory reduction programmes, it said...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.