HCI expects loss per share of more than 100%
◆ Hosken Consolidated Investments (HCI): The company, in its 2020 financial year trading statement, stated that it expected a loss per share of more than
100 percent compared with earnings per share of 826.20 cents, and expected its headline earnings per share (Heps) to be not more than 20 percent different compared with Heps of 1 200.20c in the same period last year.
◆ Metair Investments: The automotive components manufacturer, in its operational update, stated that the company has approved the investments required to support the automotive components vertical business’s multi-stepped U-shaped recovery plan that was based on the launch of several new models by almost all of the major original equipment manufacturers in South Africa over the next two to three years. The approval of a R900 million capital investment, including major investments in greenfield facilities, would create about 3 300 employment opportunities.
◆ African Phoenix Investments: Investment holding company African Phoenix Investments, formerly known as African Bank Investment Holdings, said its operating loss narrowed more than 80 percent compared with the previous six months.
◆ Quilter: JSE- and London-listed Quilter said UK’S markets watchdog has launched a probe into its subsidiary, Lighthouse Advisory Services, in relation to advice to clients on transfers out of British Steel’s pension scheme.
◆ Ecsponent Financial Services: The Financial Sector Conduct Authority has withdrawn the licence of Ecsponent Financial Services and imposed a R3m fine related to how it was selling and marketing the preference shares of its holding company.