Research archive for MCG

Multichoice is up 25.7% after Group Canal+ SA made an R105 per share offer to purchase the remaining shares that it doesn't already own in the broadcast company.

This Daily Maverick article titled South Africans viewed more than 100 years' worth of video on Showmax this holiday season caught my eye. That is impressive. Is it a sign of the times? I think so, people love to binge watch quality content. And the content is getting better and better. The biggest problem these days is deciding on what to watch with limited time.

Broadcast TV powerhouse Multichoice was out with results for the six month period up to the end of September yesterday. This is a stock that we recommend to clients with Rand-based accounts here on the JSE. You will recall that it was spun off from Naspers and listed in its own right in February 2019.

MultiChoice released results yesterday for the year ended 31 March 2019. Holders of Naspers received Multichoice shares earlier this year by way of a share unbundling. We wrote to Vestact customers in February, advising you to keep these shares, as they were likely to do well.

Multichoice is about to be spun off from Naspers and separately listed on the JSE with the share code MCG. That's a good share code. Shares will commence trading on Wednesday, 27 February 2019. There is no set pre-listing price, it will have to find its own level in the market.