STILL SMELLS FISHY
To follow up on my rant last week about a two-class system on the JSE - the JSE is investigating the circumstances around the Aspen* conference call that was only open to a select few. Aspen has vigorously defended its actions, suggesting no insider information was released. Comments were “misconstrued or have been quoted out of context”. Maybe so, but Aspen’s comments about a weaker second half locally, lower Government tender volumes and supply chain problems, all meet the criteria of insider information to me.