JSE-listed Business Connexion (BCX) has withdrawn a four-month-old cautionary, but has not provided further details.
Late yesterday afternoon, it said all the cautionary announcements were withdrawn and shareholders no longer needed to exercise caution when trading stocks.
Its shares closed 1.46% higher, at 555c, although the stock market had closed before the announcement was made, so the effect on its share price has yet to be seen.
Rumours had been swirling in the market suggesting that BCX was in talks with Orange, the key brand of France Telecom.
In the year to August, BCX reported a 6.3% gain in revenue, to R4.3 billion. However, its recent acquisitions of four UCS companies and a majority stake in Canoa accounted for R489.3 million of its turnover gains.
It reported lower headline earnings, which slumped from R124.2 million a year ago to R57.5 million. Headline earnings per share also fell, from 47.6c to 17.3c.
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