IM is no stranger to Omnia Holdings, having advocated a buy on the share as far back as July 2020 at R27.30, with a target of R50. That target was met, as were IM’s upgrades to R65 and, latterly, R85.

IM has had several meetings with Omnia over the past months and it’s probably time to appraise the optics, given that the share price is down 22% from its May 52-week high...

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.