Category: Research

Trellidor listed on the JSE in October 2015. As an aside, I have a general rule of not investing in IPOs, knowing that they are usually priced for perfection. The only beneficiaries usually are the sellers and their investment bankers (a tribe, I must admit, that I once belonged to). Unsurprisingly, the stock quickly sold off 30% from its listed price during the year. The…

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