The only hope is delist­ing

Finweek English Edition - - Market Place -

ArcelorMit­tal SA is­sued an­other very bleak set of re­sults and has now lost some R16bn over the last six years with no end in sight. Im­port tar­iffs came into ef­fect at the end of June, but not at a rate high enough to make much dif­fer­ence. I have writ­ten be­fore of zom­bie stocks that are still stag­ger­ing around but are cer­ti­fi­ably dead. ArcelorMit­tal SA is one of them. The only hope here is that the par­ent com­pany delists it at a cost of some R3bn; small change in the par­ent com­pany’s Ster­ling re­port­ing cur­rency.

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