Novus: a promising small cap on its way to recovery
Its move from print to a more balanced portfolio of assets will result in a reduction of volatility and risk
27 July 2023 - 08:00
Novus Holdings (formerly known as Paarl Media) was a spin-out from Media24 in early 2015 at an IPO price of a now heady R13.25.
For a brief while the print and packaging company performed well, touching R15.50 after the listing. Then a series of dreadful results made the share slump to a low of 70c in late 2020 with a market value of R242m, a NAV of 780c a share and cash in hand of R443m...
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