Morvest Business Group: Shares gyrate after cautionary issued

Comment on this story


Morvest Business Group shares rose 1c to 20c in mid-morning trade yesterday after the business support services provider said it was involved in discussions that could have a material impact on its share price. But they ended 1c down on the day at 18c. In August Morvest announced its intentions to expand into the rest of Africa and other parts of the world. It said the growth plan would be a key strategic objective over the next 12 to 18 months. The company was targeting emerging markets in areas including outsourcing, information and communications technology, resourcing, and training and education. The firm already has operations in South Africa, Mozambique, Nigeria, India and the United Arab Emirates. This is Morvest’s second cautionary this year. In September it withdrew a cautionary statement after cancelling talks with an unnamed party.


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks