SPAR Heretofore, notwithstanding
Shareholders of SPAR ("Shareholders") are advised that the Company has entered into negotiations, which if successfully concluded, may result in a material effect on the price of the Company’s securities. Or so we are told, in stark Courier, by SENS, mouthpiece of the JSE. And Shareholders are advised to exercise caution and blah blah blah. What can this mean? Other than a 3.4% jump in the share price as those punters, duly advised, exercised as much caution as they could find in their wallets, of course. So, an acquisition or merger of some sort? But who’s doing the buying? SPAR, or is someone buying SPAR? If we were SPAR, we would be looking at Choppies, that feisty Botswanan outfit who having sewn up the market in the motherland have launched an incursion across the border, too, and the acquisition of whom would have a very promising effect on footprint, turnover and the entrepreneurial appetites of prospective members.
Comment: But that’s just us.