Secondary listings on JSE may follow if exchange controls are relaxed

Listed property company Bonatla Property Holdings, which has become a cash shell after selling most of its property portfolio, yesterday reported a net loss of R14,2m for the six months to March 2004.

BONATLA Property Holdings, which became a cash shell after selling its entire property portfolio to Momentum Property Investments and Ixia Trading 532, may not delist.

Property loan stock company Alpina, formerly Gold Edge, is in a deep hole

Shareholders will soon hear why money was paid last June, says Niki Vontas

Acquisitions have been structured to achieve a pretax yield of 14% in the next 12 months

Revamping run-down buildings in central business districts for low-cost housing is not seen as a workable concept

High turnover of analysts prohibits continuity of quality studies, resulting in buyers making ill-informed investment decisions.

Fairvest Property Holdings is set to follow the same path of fellow small-cap italisation company Bonatla Property Holdings by delisting within the next few months.

Bonatla Property Holdings, which has become a cash and share shell after disposing of its entire property portfolio for R624m, is likely to delist in the next three months.