Omnia U-turn rattles investors
A disturbing lack of detail around Omnia’s R2bn rights offer is making stalwart investors dump the company
Scarcely six months ago, at the release of half-year results to end-September, Omnia Holdings believed its balance sheet was "geared as planned to improve overall performance".
Omnia shareholders are a hardy bunch, having endured some volatile share price rides through the cycles. But the collapse in the share price from around R130 in August to current levels under R45 has understandably shredded more than a few nerves...