TeleMasters Holdings (TLM), which has been listed on Alt-X since March 2007, says it will not pursue a delisting from the JSE as previously announced.<\/p>\n
\u201cShareholders are referred to the previous announcements to the effect that the company intends to delist from the Alternative Exchange of the Johannesburg Stock Exchange (JSE) and are advised that the board of directors has resolved to not pursue the delisting of the Company from the JSE at this point in time,\u201d it said in a statement.<\/p>\n
TeleMasters had previously announced its plans to delist because of low trading volume in its shares in relation to the cost of listing.<\/p>\n
On April 2, 2012, the JSE advised that TeleMasters had failed to submit its annual report within the six-month period stipulated in the JSE\u2019s listings requirements.<\/p>\n
\u201cAccordingly, the company\u2019s listing on the JSE Tradelect system has been annotated with an \u201cRE\u201d to indicate that the company has failed to submit its annual report timeously, and that the listing of the company\u2019s securities is under threat of suspension and possible termination.<\/p>\n
\u201cShould the company still fail to submit its annual report by 30 April 2012, its listing will be suspended,\u201d the JSE said.<\/p>\n
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 \u2013 compared to diluted headline earnings per share of 8.00 cents, previously.<\/p>\n
The group noted a diluted loss per share of 2.50 cents, from earnings per share of 8.05 cents in 2010.<\/p>\n
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.<\/p>\n
The group operates exclusively in the South African corporate market, providing clients with access to telecommunication technologies and services.<\/p>\n","protected":false},"excerpt":{"rendered":"
TeleMasters Holdings (TLM), which has been listed on Alt-X since March 2007, says it will not pursue a delisting from the JSE as previously announced.<\/p>\n","protected":false},"author":9,"featured_media":4797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[25,1764,2321,175,2320],"class_list":["post-9512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-active","tag-alt-x","tag-delisting","tag-jse","tag-telemasters-holdings"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/9512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=9512"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/9512\/revisions"}],"predecessor-version":[{"id":9515,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/9512\/revisions\/9515"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/4797"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=9512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=9512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=9512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}