Labat Africa is Back and is Trading at 10 Cents/Share | Are you Buying, Selling or Holding?

Labat Africa Limited (“Labat” or ”Labat Africa”) is a local black owned and managed Investment Holding Company, listed on the Venture Capital Market of the Johannesburg Stock Exchange (“JSE”) as well as the Frankfort Stock Exchange (“FSE”). Labat was founded and incorporated in 1995 by Brian van Rooyen and Victor Labat and listed on the JSE in 1999 as one of the first listed BEE companies.

The shares of nine companies are currently still suspended from trading by the Johannesburg Stock Exchange (JSE) for not publishing their financial results on time. The exchange previously warned four other companies that trading in their shares would be suspended after they failed to publish their results within the prescribed period.

JSE regulations require that a listed company publish its interim and annual results within three months after the end of the reporting period. The annual results should be either reviewed condensed results or audited financial statements. The company is then obliged to publish its comprehensive annual report, containing audited annual financial statements, within four months after the financial year-end.

Labat Africa's 14-month-long suspension from the JSE is set to be lifted on Tuesday after the cannabis group finally appointed auditors and published its results for the 2023 and 2024 financial years.

Otherwise a disclaimer to note on these video is that all content that I will be sharing on the video must not be taken as professional financial advise as there are just my opinions. Otherwise for more stock market videos visit our youtube channel @Phumudzo Siphoro

I hope you enjoy the video and I wish you nothing but the best in your stock market investing journey.

God Bless you All


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