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Gold 1316 vs 1312, $/R 10.40 vs 10.43, Copper 6.60 vs 6.69  , Nickel 16.83  vs 16.47     , Oil 103.35 vs 102.25

Asian shares look to extend recent solid gains on Thursday after minutes of the Federal Reserve's latest policy meeting suggested the Fed may be more cautious towards raising interest rates than markets had thought. Chinese exports and imports both undershot market expectations, but analysts said the data was likely to be distorted

Thks Orca.

As far as I know Alt X works same, except there is more risk, to conform to requirements is less on Alt X than JSE.

Is this worth a punt, profits seem low? - That is why I am here, trying to get info. will keep an eye on it when it gets listed.

Orca, u CML statement?  please give us your input

According to an abridged prospectus, the company has made an offer of up to 80m ordinary shares at R1 each.
 
The offer is subject to a minimum subscription of R30m (or 30m shares), in order to meet the condition for listing to raise R50m, as set by the Alt-X advisory committee of the JSE.
 
This is also to achieve the spread requirements that the public holds at least 10% of the shares and there are at least 100 public shareholders.
 
Eenhede Konsultante (Pty) Limited, a company controlled by the founder and CEO of the AVL group of companies, Carl Grillenberger (70), holds the remaining R20m stake and is the controlling shareholder.
 
Interested investors will have to apply for at least 5 000 ordinary shares (at a cost of R5 000) upfront, and in multiples of 100 ordinary shares thereafter. Fractions of shares will not be issued.
 
The IPO closes at noon on April 17 and the listing of the shares on the JSE Alt-X counter is scheduled for April 25.

GLN - 
ABL - 
OCE - 
AVL - 

Gold 1312 vs 1300  , $/R 10.43 vs 10.51        , Copper 6.69 vs 6.68  , Nickel 16.47  vs 16.48    , Oil 102.25 vs 100.96


GLEN.L. .

-0.21%



0805.HK. .

-0.25%

Asian shares rose on Wednesday after Wall Street reversed a three-day losing streak, but Japanese stocks dropped sharply after the yen surged on fading hopes of near-term stimulus from the Bank of Japan. MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.9 percent