Telecommunications management company Sempres has had its share suspended on the JSE for late submission of financial statements. The company still faces an inquiry by the Insider Trading Directorate.
In a brief statement, Sempres apologised to investors saying the report would be printed and posted this week.
The telecommunications company has not enjoyed a happy six months, losing a chairman and financial director in June and a company secretary in September.
During this time the market has showed its disapproval of the last set of results posted by the company, which fell far short of previous promises made to the investor community. Sempres lost a quarter of its value on the announcement.
Rumours of the continued troubles of its international division headed up by company founder Karl Feilder did little to bolster market confidence and the share has been lagging around the 5c mark.
The benefits of the Regal Treasury Bank will only be seen at the end of its 2002 financial year. Other than that, not much news has emanated from the company in the last six months in the way of new business.
The share closed at 6c at the bell on Friday afternoon, after a busy day's trade of nearly two million shares in the normally quiet counter.
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