JSE industrials
Invicta: bloody, but unbowed
Invicta was once JSE mid-cap royalty. But with a rights offer looming, new CEO Steven Joffe faces a tough task
13 February 2020 - 05:00
The market is expecting a destructive grind at industrial products group Invicta, with its shares scuttling down to levels last seen in 2006.
Once the darling of the JSE’s industrial segment, Invicta spooked investors last week with its admission that it was evaluating a number of strategic initiatives — which could include asset sales and a rights offer...
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