Peter Takaendesa, Head: Equities at Mergence Investment Managers, commented on the MultiChoice Canal+ deal in this Business Times article which also dealt with the fee structure for non-executive directors and the standing down of former Chair, Imtiaz Patel. Peter said it made sense for Canal+ to continue buying up MultiChoice shares to as much as they can at a price below their formal offer of R125 and as long as their shareholding remains below 50%. The continuing pace of share purchases by Canal+ suggests they wish to complete the transaction as soon as they are able.
Are the Magnificent Seven losing their shine?
The Magnificent Seven are the group of mega cap stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, Tesla – that