Author Topic: Illovo Sugar  (Read 4875 times)

Tom_Keen

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Illovo Sugar
« on: June 29, 2016, 10:25:29 am »
Hi
Could someone please explain the Illovo events.

i know that LSE listed AB Foods bought them out @ R25 a share , and it's now been delisted.

-How will the Investor Challenge portfolio handle this?
-out of curiosity , how would a live Stockbroker platform have handled this?

Patrick

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Re: Illovo Sugar
« Reply #1 on: June 29, 2016, 12:08:34 pm »
Hi Tom. I don't think we've had a sale of a company yet, but we have had delistings due to companies going under as in 1time or African Bank.

In the challenge we normally don't do anything in this case. The value of the stock just doesn't update anymore. You could sell it and put the money somewhere else, but there won't be any automatic option.

I'm not sure what a real brokerage does, but I'm sure someone will post something.