Idion Technology Holdings was the biggest loser in Friday`s trade on the JSE, with 6.5% (or R6 million) wiped off its market capitalisation.
Idion released a cautionary on the JSE recently, advising shareholders that "the group has entered into discussions which could have a material effect on the price of the company`s securities".
Pending further announcements, Idion has advised traders to exercise caution when trading shares in the company.
Idion, a local technology investment holding company, has as its operating subsidiary Vision Solutions International, a vendor of high availability software and services principally for the IBM eServer iSeries platform.
Idion saw revenue of about R240 million and profits of R4.75 million over the past financial year.
The company was unavailable for comment this morning.
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