JSE doesnt have the massive overhang from stock placement like the ASX does.
recent placement went to sophisticated investors which really means people with lots of cash that will participate in placements like this and be happy with a few pips of profit, in this case still well above placement price. we need to get rid of these"sophisticated investors" but we still have tranche 2 to worry about. imho placement price was too low!!!
JSE, page-17
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