Aspen Share and share alike
An Aspen shareholder, one Mr Owen Nkomo, executive partner at Inkunzi Investments, is just a little miffed that smaller shareholders like himself had no idea of what was going down (ahem) when Aspen’s shares fell the most in five years just a couple weeks back, as a result of a “disappointingly lower second half”. So miffed was he, in fact, that he has sent a formal complaint to the JSE asking them to investigate the matter. See Aspen did host a pre-closed period conference call with members of the investment community, but no price sensitive information was mentioned during the call, which therefore means that no JSE rules were breeched. “As a matter of principle, this issue is important,” said Mr Nkomo. “The question is, how does the JSE avoid this happening in future?”
Comment: : Indeed, although analysts overall still expect Aspen’s earnings to grow 28%, which will no doubt make the little guys smile again.