Tshipi’s cash is forecast to reach ZAR2 billion by the end of August 2018, based on sales concluded till July 2018. Accordingly, Tshipi’s Board has resolved, subject to no adverse developments, to distribute ZAR1.5 billion to its shareholders in September 2018. Jupiter accordingly expects to make a healthy first half-year distribution to its shareholders in September 2018, equivalent to the cash received from Tshipi, well in excess of the 70% distribution policy stated in the Company’s prospectus
OMH Price at posting:
$1.12 Sentiment: Buy Disclosure: Held
