NOT LOOK­ING ANY BET­TER

Finweek English Edition - - INVESTMENT -

Eqs­tra is­sued a very rough-look­ing trad­ing up­date with HEPS ex­pected to be 32%-42% lower as it gets hit R135m through in­dus­trial ac­tion. Eqs­tra wrote down its Protech stake of 32.8% to zero (it had been car­ried at R64m). The com­pany men­tions that it is en­gag­ing with a busi­ness res­cue prac­ti­tioner to see how it can pro­tect this in­vest­ment. Any­one still hold­ing the now-sus­pended Protech shares should fol­low suit and write down the value of that hold­ing to zero. Any­thing you get down the line should be con­sid­ered a bonus and this will likely only hap­pen af­ter a long wait.

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