The company this morning referred to two previous announcements, indicating it was in talks, and said these discussions were ongoing. Vox says the talks, if successfully concluded, could affect its share price.
Vox issued a cautionary on 12 September indicating that it was in discussions that could affect its share price. The company repeated the cautionary on 26 October, but has yet to provide details as to what the discussions involve.
Last month, Vox released its results for the year to August. It said revenue was flat at R2 billion, but impairing its largest business unit was a big contributor to the net loss of R678 million. Last year, Vox made a R60.8 million profit.
Stripping out the impairments, Vox posted headline earnings of R71.7 million, a gain on last year's R68 million. This translates into headline earnings per share of 6.45c.
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