Nampak surprises the naysayers
An amazing rebound on the markets means it’s anything but game over for former packaging giant Nampak
08 October 2020 - 05:00
Nampak has once again badly wrong-footed investors: only, this time, with a lively trading update.
Days before the release of its trading statement, Nampak’s shares were at a record low of 54c. When the trading statement was issued the share price was 62c, but quickly rebounded to over 130c, more than doubling Nampak’s market capitalisation from R427m to over R900m...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now