UPDATE 1-S.Africa's debt-ridden Cell C worthless, biggest shareholders say [Reuters (UK)]
VODACOM GROUP LTD S/ADR (VDMCY)
NASDAQ:AMEX Investor Relations:
vodacom.com
Company Research
Source: Reuters
UPDATE 1-S.Africa's debt-ridden Cell C worthless, biggest shareholders say - Reuters 3 Min Read (Adds Cell C comment) JOHANNESBURG, Sept 19 (Reuters) - Payments company Net1 UEPS Technologies said on Thursday it had written down to zero the value of its stake in South Africa’s third-largest mobile network, Cell C, alongside the carrier’s largest shareholder, Blue Label Telecoms. Blue Label has, as the head of a group of investors including Net1, been trying to dig Cell C out from under hefty debts since it purchased its stake in the carrier for 5.5 billion rand ($375 million) in October 2016. In a statement, Net1 CEO Herman Kotze said the decision of both firms to impair the value of their investments in Cell C to nil would have no impact on Cell C’s operations or the proposed transactions it is pursuing. “We believe that Cell C’s long-term prospects will significantly improve once it has been recapitalised,” he said. Zaf Mahomed, Cell C chief financial officer, said the company was c
Show less
Read more
Impact Snapshot
Event Time:
VDMCY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
VDMCY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
VDMCY alerts
High impacting VODACOM GROUP LTD S/ADR news events
Weekly update
A roundup of the hottest topics