Gijima advises shareholders of discussions

JSE-Listed ICT company, Gijima group (GIJ) announced today (25 April 2012) that it has entered into discussions which could potentially have a material effect on the company.

“Shareholders are advised that the Company is currently in discussions, which if successfully concluded may have a material effect on the price of Gijima shares.”

Gijima further warned investors to be cautious when trading in the company’s shares until a full announcement is made.

In its latest earnings report (21 February 2012), the group pointed to a return to profit, reporting diluted headline earnings per share of 3.11 cents for the six month ended December 2011 after a loss of 28.13 cents a year ago.

In October 2011, Gijima was appointed as the first authorised systems integrator (SI) for Apple in South Africa.

Gijima said its organisational restructuring process has been completed, although it noted it was four months behind implementation. Phase two is expected to commence in the second half of the year.

In trade, by 14h45 Gijima’s shares remained stable, moving up by a single cent to 45 cents.

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Gijima advises shareholders of discussions