For starters, four JSE-listed companies and one AltX-listed company are holding their annual general meetings (AGMs) this week.
JSE-listed financial services company AfroCentric Investment Corporation formerly known as WB Holdings, had mixed results in 2007 as far as its share price was concerned. The share price rose to a high of 445c in April but went down to 220c in August and September after opening the year around 325c. The share price has since recovered and is currently trading around the 275c mark. The recovery should please the directors and the shareholders alike.
At the beginning of the year, Petmin's share price slumped to 390c and according to Numis Securities, the company was ripe for the picking. This is despite an acquisition spree which included a 25% stake in Kermas Group and a 75% stake in the Veremo project in late November. However, the slump hasn't discouraged the directors from anticipating a strong growth for the company until 2012.
Diversified mid-tier mining group Metorex has been very active of late and its offer to Copper Resources Corporation (CRC) has hogged the business headlines in the first week of the new year.
With nothing concluded on the proposed deal thus far, the offer has again been extended, this time to January 18. The AGM on Wednesday gives shareholders a perfect platform to pose questions they might have on the deal.
Property loan-stock company Redefine Income Fund has had a good run so far and this should boost shareholders' confidence for the year ahead. With Redefine's distributions increasing by 20% late in 2007, the company has outperformed the sector.
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