COMAIR ASPEN CURRO

Finweek English Edition - - Front Page -

Curro has an­nounced de­tails of the Sta­dio un­bundling with ex­ist­ing share­hold­ers at close of busi­ness on 2 Oc­to­ber re­ceiv­ing one Sta­dio share for ev­ery Curro share they held. Trad­ing of Sta­dio was due to start the fol­low­ing day. The Curro share price has been un­der se­ri­ous pres­sure this year, top­ping 5 100c be­fore sell­ing off to a cur­rent 3 800c. The un­bundling will see the share drop more as it “loses” Sta­dio, but the share re­mains ex­pen­sive and my pre­ferred en­try to this sec­tor re­mains ADvTECH*. A last im­por­tant point is that Sta­dio can be ex­pected to make a num­ber of rights is­sues to fund the busi­ness as it is still very much in start-up mode, whereas the tra­di­tional Curro has ma­tured and likely no longer needs ex­tra cash for growth. ■ ed­i­to­rial@fin­week.co.za

*The writer owns shares in ADvTECH.

The field of big data is glob­ally com­pet­i­tive and I would want some strong sets of re­sults pub­lished be­fore I would get in­volved here.

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