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Frontier Transport Holdings is the transport subsidiary of Hosken Consolidated Investments (HCI). HCI controls 75% of Frontier, so the liquidity and tradability of the stock are problematic.

Many IM readers will be unfamiliar with Frontier. However, if you live in Cape Town, it has a local angle — Frontier owns and operates the Golden Arrow bus service and operates the MyCiTi bus network for the City of Cape Town. Its wheeled assets are ubiquitous in the metro...

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