Friday, 12 March 2010
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Friday, 12 March 2010
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Moneyweb MailboxFaritec averts suspensionDavid Carte27 January 2010 13:10 Financials posted tomorrow.
Dear Moneyweb I'm afraid it seems that Faritec will be suspended come Feb 1 and they have still not published their financial results for June 2009 year-end. I have a number of shares in Faritec, which I am considering flogging this week, even though it means I would take a 25% loss! Sad. Though I feel that all may not be lost...if/when they do publish their financial results, would this mean that the JSE (JSE:JSE) would "unsuspend" them, and trading in their shares may continue after such "unsupension" - or is "unsuspension" not as simple as this? Or does suspension really mean that the company gets delisted and shareholders have no hope of recovering any value? Answer from Moneyweb journalist David Carte: JOHANNESBURG - New-look IT company Faritec (More Recent Blog EntriesMedical aid's low interest rates on your savings19 October 2009 10:19Why you only get 4% when they get 7%. Understanding government bonds12 June 2009 01:29We answer a reader's questions on the ABCs of government bonds. Retail investors and the bond market opportunity29 April 2009 11:17How can retail investors participate in the opportunities offered by the global corporate bond market? Brimstone - no MBO says CEO10 February 2009 11:05Someone is manipulating share price. Is anyone listening to these clowns?02 February 2009 09:41Alec Hogg responds. BLOGGER PROFILEAlec Hogg is a writer and broadcaster. He founded Moneyweb and is its editor-in-chief. Follow Alec Hogg on Twitter: http://twitter.com/alechogg Email: alec@moneyweb.co.za View more articles from this section
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