Finweek English Edition - - INVESTMENT -

Thebe Stock­broking small-caps an­a­lyst Keith McLach­lan has raised se­ri­ous con­cerns about the sol­vency and liq­uid­ity of JSE tech­nol­ogy player Jasco. McLach­lan says that while the group has turn­around po­ten­tial, there are fi­nan­cial met­rics that in­di­cate strain. He specif­i­cally iden­ti­fies the group’s cash and cash-f low po­si­tions as con­cern­ing. McLach­lan ad­vised: “Tak­ing all the above into ac­count, Jasco’s sol­vency and liq­uid­ity are a huge stum­bling block. In the ab­sence of a res­o­lu­tion of the MTEC/pref­er­ence share chal­lenge for Jasco, I don’t see a rights of­fer

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