Ayo Technology Solutions’ recently released circular has good and bad news for shareholders. The good news is that the independent experts reckon the share is worth between R4.94 and R5.20 — a generous surplus on the R1.30 at which it’s trading. 

The bad news is that the group’s cash resources have plunged to a mere R480m from R1.1bn. That was a result of having to fork out R619.4m to the Public Investment Corp (PIC) for the 17-million shares it was forced, by a court-endorsed agreement, to repurchase from it earlier this year. ..

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.