Corpcapital Limited
(Registration number : 1983/011384/06)
Share Code : CPA
ISIN Code : ZAE000034260
PRESS RELEASE
With reference to the article which appeared under the caption `Trade
Secrets' in the Business Times on Sunday 10 March 2002, Share Action's Dr
Clive Roffey wished to make the following corrections and qualifications:
`I did not intend to convey that Corpcapital will be another of the boutique
bank casualties.
My analysis was based on share price and volume analysis alone, without
reference to the underlying business operations. After discussions with
Corpcapital management, I believe that the business operations of
Corpcapital are sound.
My technical analysis indicates that Corpcapital's share price is oversold
in the short term and represents a buy for traders. However, the longer
term investment portfolio picture remains uncertain as there is still a
My analysis was based on share price and volume analysis alone, without
reference to the underlying business operations. After discussions with
Corpcapital management, I believe that the business operations of
Corpcapital are sound.
My technical analysis indicates that Corpcapital's share price is oversold
in the short term and represents a buy for traders. However, the longer
term investment portfolio picture remains uncertain as there is still a
large volume overhang of stale bulls at the 235c level.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
