Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
So has risen 30% in the last 3 month in anticipation of of excellent result. You need to measure against the expectation and the results didn't justify the lofty valuation. If the market think in the next few month the economic condition would improve and bad debts reduce, the so would climb back. The current value reflect the reality and now the frost been removed.
This morning GSK so dropped to us level
US ADR = 2 UK shares. So only a small difference may be due to 0.5% tax and exchange volatility
I just topped it. This sell on the news regardless of the results are plain stupid