AltX: The alternative exchange
The AltX endured another morbid year, with market interest in small-cap companies diminishing even further
The AltX endured another morbid year, with market interest in small-cap companies diminishing even further. As a result, the relevance of maintaining the AltX, which was initially established as a platform to develop emerging and entrepreneurial companies as a distinctly "separate" mini-market, is now likely to be questioned far more pointedly.Sadly, the AltX has also lacked new listings of late, a problem that has been compounded by the opening of a handful of new alternative stock exchanges aimed at attracting small entrepreneurial ventures. The threat from rival bourses is not to be underestimated and there are indications that the JSE might consider a new platform for capturing companies with an entrepreneurial bent.Of course, it doesn’t help the AltX’s case that there is a paucity of standout performers, though some stalwart companies are managing to perennially churn out decent profits. Workforce Holdings and Oasis Crescent Property are two that come to mind.What also detracts...
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.