Racec Group

RACEC embarks on Altx listing to fund future growth

Engineering infrastructure solutions company, RACEC today announced its intention
to list on the JSE’s Altx market in the second half of October 2007. RACEC’s listing
presents an attractive investment opportunity in a well established asset which is
poised to benefit from high capital flows into domestic infrastructure.

RACEC has forecast revenue of R211,9 million and R326,0 million for the years
ended 30 September 2007 and 2008 respectively, translating into estimated headline
earnings per share of 7,9 cents and 15,9 cents for these periods.

Download RACEC Group Listing Press Release here

This entry was posted on Wednesday, October 3rd, 2007 at 8:00 am and is filed under Press Releases. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.