Taken from UK BB
Main II holders:
http://markets.ft.com/research/Markets/Tearsheets/Business-profile?s=STGR:LSE
Note the largest single holding is by ICBC Standard bank. An international bank serving Africa and CHINA. They have increased their holding by 60% in 2015 and have a "local" branch just across the water in Mauritius - an ideal spot to see what's really happening on the ground at Stratmin's projects.
Forecasts:
http://markets.ft.com/research/Markets/Tearsheets/Forecasts?s=STGR:LSE
2/2 buy recommendations and a forecast SP target of 13p.
Of note...
Industrial and Commercial Bank of China Limited (ICBC) paid $690m for a 60 per cent stake in the South African lender's Standard Bank Plc. in Feb 2015.
Taken from their website...
ICBC Standard Bank is a leading financial markets and commodities bank that benefits from its unique Chinese and African parentage. We provide a strategic global markets position and an unparalleled level of expertise.
We connect clients to opportunties, which is our distinct competitive advantage, and partner with them to achieve their investment objectives.
ICBC Standard Bank Plc is a strategic platform for serving the growing demands of our clients in Global Markets products, as well as distributing African risk. We specialise in global commodities, fixed income, currencies and equities.
Brett mentioned previously that he was in South Africa meeting with various funding groups and agencies to discuss financing the expansions.
Good to see a former South African Lender increasing their stake.
Looks like the meetings were successful.
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