Labat se Gat! Can we trust in management? Possible JSE suspension of SA weed stock | MidweekMetEish

Howzit going guys,

Wow, 2 videos in 2 days.
We’re on a bit of a roll.

Today we look at Labat’s atrocious history of financial reporting, with the company once again facing possible suspension of trading for not meeting its financial reporting obligations with the JSE.

Can a leopard change its spots? What are your thoughts on Labat?

Let us know in the comments section.

Resources for the video:
Moneyweb: https://www.moneyweb.co.za/tools-and-data/click-a-company/LAB/
Simplywall.st: https://simplywall.st/stocks/za/semiconductors/jse-lab/labat-africa-shares#information
Simplywall.st article: https://simplywall.st/stocks/za/semiconductors/jse-lab/labat-africa-shares/news/we-think-labat-africa-limiteds-jselab-ceo-compensation-packa
Biznews: https://www.biznews.com/sa-investing/2021/06/22/labat-jse-suspension-threat
investing.com: https://za.investing.com/news/briefjse-says-labat-africas-listing-may-be-suspended-if-it-fails-to-submit-provisional-report-by-dec-31-2221756
Bizcommunity.com: https://www.bizcommunity.com/Article/196/160/25581.html
IOL: https://www.iol.co.za/business-report/companies/jse-suspends-labat-africas-listing-753150

Disclaimer:
This video is not financial advice and I am not a financial advisor. This video is based on my opinion and should not be used as the basis for any investment decisions. This video is for education and entertainment purposes only.
Should you require the services of a financial advisor, please contact a registered financial service provider.
Please always remember to do your own research.

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Posted in Stocks & Trading

3 Comments

  1. Riundja Kaumbi on September 17, 2022 at 6:24 am

    "The company has shifted industries more than the average person changes underpants"

    Let me just say I value your raw truth and unmatched sarcasm. I’m stoked to be one of the first consumers of your content and info. Keep at it man. You make financial literacy an attainable goal.

    Will surely be a patreon* subscriber.



  2. Miz PKS on September 17, 2022 at 6:32 am

    I love the length of the videos (and the humour infused in them)..



  3. Siyabonga Zulu on September 17, 2022 at 7:06 am

    This just made me sad. But rather sad than broke.