Acacia (LON:ACA) is down again this morning on the supposed news that ACA has been fined $190bn for tax evasion in Tanzania. This compare with ACA's capitalisation at well under $1bn. However, I have read that, possibly, the RNS is incorrect in that the fine is in fact in Tanzanian shillings. An altogether different proposition.
I do not know how much this is but, as with all matters African, it is negotiable. So I bought ACA at 163p this morning even though, chatting to a longstanding Africa hand last night it is clear that southern Africa is falling apart everywhere: there is trouble in Zambia, Angola, Mozambique and South Africa. Zimbabwe is long established as a basket case.
by Nick Sudbury| Funds |2 mins. to read Buying an investment fund is unlike almost any other purchase you will ever make as you are not told upfront how much it is going to cost you. The best available estimate is the 'ongoing charges' figure, which is disclosed in the associated literature, but it does not give you the full picture.
by Victor Hill| Economics |12 mins. to read Thanks to action on climate change at international level, renewable energy (electricity generation by means of solar panels, wind power, heat pumps and so on) is the most rapidly growing industry on the planet. That doesn't necessarily make it investible.
Material contained within Master Investor Magazine and its website is for general information purposes only and is not intended to be relied upon by individual readers in making (or refraining from making) any specific investment decisions. Master Investor Ltd. does not accept any liability for any losses suffered by any user as a result or any such decision.
Ingen kommentarer:
Send en kommentar