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Market watchdog targets Didata, Harmony

Sep 07 2010 19:35 Reuters

Company Data

Alliance [JSE : ALM]

Last traded R2.15
Change R0.00
% Change 0.00%
Cumulative volume 0
Market cap R233.30m

Last Updated: 12/12/2011 at 00:12. Prices are delayed by 15 minutes. Source: McGregor BFA

 

Harmony [JSE : HAR]

Last traded R99.40
Change R2.80
% Change 2.90%
Cumulative volume 3.59m
Market cap R42.87bn

Last Updated: 09/02/2012 at 17:42. Prices are delayed by 15 minutes. Source: McGregor BFA

 

Afdawn [JSE : ADW]

Last traded R0.16
Change R-0.01
% Change -5.88%
Cumulative volume 21,202
Market cap R81.31m

Last Updated: 09/02/2012 at 17:42. Prices are delayed by 15 minutes. Source: McGregor BFA

 

Blue [JSE : BFS]

Last traded R0.45
Change R0.02
% Change 4.65%
Cumulative volume 10,000
Market cap R2.61bn

Last Updated: 09/02/2012 at 17:42. Prices are delayed by 15 minutes. Source: McGregor BFA

 

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Johannesburg - South Africa's market watchdog is investigating around 30 cases of potential insider trading and other illegal market activity, including trades of Dimension Data Holdings [JSE:DDT] before a bid from Japan's NTT.

The Directorate of Market Abuse, a division of South Africa's Financial Services Board, said on Tuesday it is also investigating Harmony Gold Mining Company [JSE:HAR] and three other companies for possibly reporting false or misleading earnings results.

The directorate said in a statement that trading of Dimension Data's stock in July was one of several cases being examined for potential insider activity.

The Johannesburg-listed shares of Dimension Data gained nearly 5% over the three days before Nippon Telegraph and Telephone Corp said on July 15 it would buy the IT firm for $3.2bn.

The regulator is also investigating Harmony Gold's results for the quarter to end-March 2007 and Alliance Mining Corporation [JSE:ALM] and Blue Financial Services [JSE:BFS] results for the year to end-February 2009.

It is investigating African Dawn Capital [JSE:ADW] results for the year to end-February 2008 and 2009.

 
 
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General purpose financial reports are designed to show the value of a reporting entity The Conceptual Framework for Financial Reporting (2010), paragraph OB7 states: ‘General purpose financial reports are not designed to show the value of a reporting entity.’ A reporting entity´s value can be one o... Read their blog...

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