An apparently spooked Resilient has announced it is bringing forward the release of its interim results by two weeks. Last Friday, the company, which has been battling to counter speculation of a pending attack by short sellers, said it would release its interim results this Friday. The results were due to be released on February 8. The company gave no explanation for the earlier release date, but on Sunday, CEO Des de Beer said the group was aware of some concern in the market. "There’s a hedge fund with a campaign to panic the market; we don’t like to deal with innuendo and fiction but decided to release the results early in a bid to protect investors," he said. The news was met by comment on Twitter, which was subsequently removed, that the early release had been promp-ted by the company’s desire to shorten the closed period so companies in the Resilient stable could resume trading in the share as soon as possible. The share price closed 1.6% weaker on the day, at R123.74. De Bee...
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.