Shareholders were not moved by Huge Group's announcement yesterday that it was in talks.
Stock in the company closed flat, at 125c, as just under 9 000 shares changed hands. Huge shares reached a 52-week high of 150c on 31 August, while the 52-week low is 50c, which it saw on 25 November last year.
Yesterday, the group said it is in negotiations that could affect its share price if they are successfully wrapped up. It advised shareholders to trade stock cautiously.
Last month, the group said headline earnings per share for the first half of the year to August are expected to be at least 800% higher than the 1.09c reported in the first half of last year.
In the first six months of the last financial year, Huge's revenue was R212 million, and it made a net profit of R2.7 million after reversing its full-year loss. Its earnings and headline earnings per share were affected by non-cash items.
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