Simon Shares Revego* (JSE code: RVG) was supposed to list today but has delayed their listing. I applied for allocation as I like the business model of renewable energy with guaranteed inflation-linked off-take agreements. They invest into operational renewable asset and are targeting a 8%-10% dividend yield, based off the 1000c listing price.
Total world ETF from CoreShares Cache This: Gadget insurance Upcoming events; 06 March ~ JSE Power Hour: Finding income in JSE listings Subscribe to our feed here Subscribe or review us in iTunes JSE protectionsWith the Revego listing delayed the money I put into the book build last Thursday has not been seen since. The company was supposed to issue a SENS on Monday and list on Thursday, but we heard nothing until Thursday morning. It has been delayed by a few days.
What struck me was that I was not worried about the chunk of money that I had put into the book build and which I have not see or heard from in a week now. The reason for my lack of concern is the protections the JSE exchange offers.
Extra regulation around the companies act. Stockbroker regulations. Investor fund. FSP insurance.This of course does not stop crookery from executive teams nor does it stop businesses from going bust.
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