Close

Not a member yet? Register now and get started.

lock and key

Sign in to your account.

Account Login

Forgot your password?

2008  // Posts published in 2008

18 Aug 2008 SENS Announcements

RESULTS OF THE OFFER BY WHOLLY OWNED SUBSIDIARY OF HCI, MERCANTO INVESTMENTS TO ACQUIRE ALL THE JOHNNIC SHARES THAT HCI AND ITS SUBSIDIARIES DO NOT ALREADY OWN

Results of the offer by the wholly-owned subsidiary of HCI, Mercanto Investments (Proprietary) Limited (“Mercanto”) to acquire all the Johnnic shares that HCI and its subsidiaries (the “HCI group”) do not already own (the “offer”) Johnnic shareholders are referred to the offer circular posted to Johnnic shareholders on Monday, 21 July 2008 (the “offer circular”). […]

Read more...

13 Aug 2008 Clothing and Textiles

SEARDEL’S BOSS IS SATISFIED, BUT INVESTORS ARE LESS SO

Seardel’s boss is satisfied, but investors are less so. Aaron Searil will probably soon be relinquishing control of the company he founded four decades ago, as Hosken Consolidated Investments (HCI) prepares to take a controlling stake in the clothing and textile manufacturer. Searll says he is departing with “a sense of satisfaction, in a way” […]

Read more...

13 Aug 2008 Clothing and Textiles

SHOW US R250M NOW, BANKERS TELL SEARDEL

Bankers to Seardel appear to have issued a serious indictment on the clothing and textile firm by refusing to retain the group’s existing borrowing facilities if it does not raise at least R250 million in a rights offer. The banks’ position can be read as an indication that lenders are taking a more guarded approach […]

Read more...

13 Aug 2008 Clothing and Textiles

HCI RIDES TO THE RESCUE WITH R200m

HCI rides to the rescue with R200m Hosken Consolidated Investments (HCI), which plans to take control of Seardel with a R200 million capatila injection via a rights issue, is confident it can patch up the ailing clothing and textile maker. “The primary reason for all HCI’s investments is commercial gain,” HCI chief executive Johnny Copelyn […]

Read more...

CABINET APPROVES POLICY FOR BETTER TV

SA’s long-awaited digital migration policy was finally approved by the cabinet this week, paving the way for better-quality TV reception, interactive services and more free-to-air channels. The cabinet committed R2,45bn to subsidies for poorer households that might not be able to afford the new technology, and said the policy could boost the industrial policy plan, […]

Read more...

SEARDEL: CAN HCI BREATHE NEW LIFE INTO BOMBED OUT SHARES

FOR MONTHS the share prices of clothing/textile conglomerate Seardel have been warning shareholders that something nasty was lurking. The discount between its last stated net asset value of 1700c/share and the share price was nearing R1,3bn – an ominous portent if ever. Yet if you trawl through the archives, Seardel’s board of executives seemed to […]

Read more...

6 Aug 2008 SENS Announcements

DIRECTOR DEALING IN SECURITIES

In compliance with Rules 3.63 –  3.74 of the JSE Limited Listings  Requirements, the following information is disclosed :  

Read more...

4 Aug 2008 SENS Announcements

COMPULSORY ACQUISITION OF THE REMAINING JOHNNIC SHARES AND THE SUSPENSION OF

1.   Compulsory acquisition and payment of consideration   HCI  and  Johnnic  shareholders  are  referred  to  the  announcement  dated   Wednesday, 23 July 2008 pursuant to which announcement the closing  date  in   respect of the offer by Mercanto Investments (Proprietary) Limited, a wholly-  owned  subsidiary of HCI (“Mercanto”) to the shareholders  of  Johnnic  (the   “offer”)  was made known […]

Read more...

31 Jul 2008 Historic Investments

METTLE – SOME MOVE BY METROPOLITAN CAPITAL

Metropolitan Capital has facilitated a management buyout of the well-established and highly reputable financial solutions provider, Mettle, from Hosken Consolidated Investments Limited. The buyout, which has received Competition Tribunal approval, was funded by Metropolitan Capital, which has also acquired a significant minority shareholding in Mettle. Metropolitan Capital, a wholly-owned subsidiary of Metropolitan, was established in […]

Read more...

29 Jul 2008 Historic Investments

METTLE MANAGERS BUY 51%

METROPOLITAN Capital, a subsidiary of Metropolitan Holdings, has facilitated a management buyout of financial solutions provider Mettle from Hosken Consolidated Investments for R1OOm. Mettle CE Friedrich Esterhuyse said the deal would see Mettle management owning 51% and Metropolitan 49%. “The deal will be funded partly by Mettle management and Metropolitan,” he said. Metropolitan Capital was […]

Read more...