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Telkom shares soar on more demanding investor expectations

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The rally could be explained by a mooted property deal or EOH’s woes, an analyst says

Telkom CEO Sipho Maseko. Picture: MARTIN RHODES

Mergence Investment Managers portfolio manager Peter Takaendesa said the share price movement “remains a surprise for now”. The group’s Gyro subsidiary manages Telkom’s portfolio of 1,332 properties, including offices, client-service centres, residential dwellings and land parcels. It has earmarked 40 properties for development, including housing projects.

Telkom’s lower dividend yield and raised share rating “reflect higher investor expectations on growth or value unlock”.

 

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Telkom shares soar on more demanding investor expectationsThe rally could be explained by a mooted property deal or EOH’s woes, an analyst says
Source: BDliveSA - 🏆 12. / 63 Read more »

Telkom shares soar on more demanding investor expectationsThe rally could be explained by a mooted property deal or EOH’s woes, an analyst says
Source: BDliveSA - 🏆 12. / 63 Read more »