Adrian Gore moves to calm fears over Discovery shares

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

South Africa Headlines News

CEO addresses market concerns over form of hedging to secure floor price

At a hastily convened teleconference, Discovery Group CEO Adrian Gore moved to address market concerns about a recent hedging contract involving millions of his shares and the sale of shares by a former executive director.

Gore’s so-called collar — a form of hedging that underlines an equity trader’s doubt about the short-term prospects of the stock — involving 8.8-million of his shares, as well as the sale of R116m worth of shares by former executive director Herschel Meyer, came amid low sentiment in the company’s share price.


Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

And calm us about this too please!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gomolemo Legae’s alleged rapist and killer chooses to remain behind bars“I don’t want to go out”: The man accused of raping, stabbing and setting alight Gomolemo Legae appeared calm in the dock, only worried that his face was being caught by cameras. But he chose to remain behind bars by PolokoTau PolokoTau Good justice was waiting for you. PolokoTau Huh so where the gonna let him go if he chose to?😴 South Africa is under attack, the way things are, there will be no one left, to kill other person nowadays it's just a quick and simple thing. If it means changing the constitution is the only option, let it be. Isigwebo sentambo kufuneka sibuyiswe.
Source: City_Press - 🏆 7. / 72 Read more »

Shareholder group calls for Safari directors to take a hikeDirectors criticised for overseeing share price collapse and poor governance
Source: BDliveSA - 🏆 12. / 63 Read more »

Trade of the month: ClicksPlaying one stock off against another can be a smart move
Source: BDliveSA - 🏆 12. / 63 Read more »

Solskjaer does not fear for his future at Man United despite sackingsManager dismisses need for crisis talks with the board but bemoans team’s failure to turn draws into wins
Source: BDliveSA - 🏆 12. / 63 Read more »

JSE set for pressure on Wednesday as trade war fears riseUS officials play down the prospect of a trade deal with China before the 2020 election, amid threats of tariffs against France
Source: BDliveSA - 🏆 12. / 63 Read more »

Economy shrinks 0.6% in third quarterThis is likely to raise fears that SA may manage only marginal growth, if any, for the full year “Surprise” to whom?
Source: BDliveSA - 🏆 12. / 63 Read more »