BID­VEST

Finweek English Edition - - INVESTMENT -

HOLD The di­versi f i ed i ndus­tria l group ap­pears to of­fer “fair value” ac­cord­ing to bro­ker­age Barnard Ja­cobs Mel­let ( BJM) fol­low­ing t he re­lease of f i nan­cial re­sults f rom t he group for t he si x months ended 31 De­cem­ber 2012. BJM told clients: “Man­age­ment said that they were sat­isf ied with the re­sult given the chal­leng­ing op­er­at­ing en­vi­ron­ment. The com­pany re­mains con­cerned over the po­lit­i­cal and eco­nomic cli­mate as well as cost pres­sures go­ing for­ward. How­ever, man­age­ment said that busi­ness picked up in Jan­uary and Fe­bru­ary af­ter a slow Novem­ber and De­cem­ber.”

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