AVOID EQS ON YOUR FACE
Protech Khuthele hit back at the 60c unsolicited offer from Eqstra with an independent valuation of the company at 79c-88c. A wide range, but in light of the last stated net asset value and tangible net asset value for Protech, and chatting to CEO Antony Page, I got the impression that maybe there would be a trading update on SENS that would show that the turnaround implemented in the last year or so is starting to work.
The Protech year-end is February; a trading update could be sometime late April, so Protech shareholders maybe shouldn’t be in any hurry to accept the Eqstra 60c offer just yet.
Protech Khuthele Holdings