Deals within wheels as ELB, Torre and Apex circle closer

Business

Deals within wheels as ELB, Torre and Apex circle closer

Corporate action gooses the ELB share price by 50%

Marc Hasenfuss

The share price (https://www.sharenet.co.za/v3/quickshare.php?scode=ELR) of specialist industrial services and supplies group ELB has shifted up more than 50% over the last three months.

The group has been working hard to recover from heavy losses on its work at the Gamsberg zinc project in the Northern Cape.

While there was some evidence of operational improvements in the second half of the financial year to end-June, it seems more likely the recent market interest in ELB has been sparked by the possibility of corporate action...

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