n Personal Finance Newsletter - Massmart Holdings Limited : the investment case
|Article Title||Massmart Holdings Limited : the investment case|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Apr 2011|
|Pages||7 - 8|
Investors in Massmart had a good year in 2010. Not only was the share up around 60% for the 12 month period, but the year ended with the announcement that Walmart had made a firm offer for 51% of its stock (which shareholders have now accepted). This was a significant vote of confidence in the business.
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