TeleMasters set for JSE delisting
The Johannesburg Stock Exchange (JSE) on Monday (April 2, 2012) advised that TeleMasters Holdings (TLM), which has been listed on Alt-X since March 2007, has failed to submit its annual report within the six-month period stipulated in the JSE’s listings requirements.
“Accordingly, the company’s listing on the JSE Tradelect system has been annotated with an “RE” to indicate that the company has failed to submit its annual report timeously, and that the listing of the company’s securities is under threat of suspension and possible termination.
“Should the company still fail to submit its annual report by 30 April 2012, its listing will be suspended,” the JSE said.
TeleMasters has previously announced its plans to delist from the JSE, because of low trading volume in its shares in relation to the cost of listing.
In February, the fixed-line telecoms service provider announced a diluted headline loss per share of 2.50 cents, for the three month period ended December 2011 – compared to diluted headline earnings per share of 8.00 cents, previously.
The group noted a diluted loss per share of 2.50 cents, from earnings per share of 8.05 cents in 2010.
Revenue for the period declined to R55.96, from R86.23, with an operating loss of R1.39 million, from a prior profit of R5.067 million.
The group operates exclusively in the South African corporate market, providing clients with access to telecommunication technologies and services.
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