Capitec shrugs off latest Viceroy attack

[BusinessTech]

Capitec shrugs off latest Viceroy attack

Banking group Capitec saw a brief dip in its share price following the release of the latest jab from short-seller, Viceroy, which is continuing its campaign to get investors to buy into its view that the bank is hiding a declining business.

 

[Nick333]

Surely what Viceroy is doing is illegal.

 

[supersunbird]

Surely what Viceroy is doing is illegal.

Which law?

Don't worry looking for that law I asked for, it's not illegal.

 

[Nick333]

Which law?

Don't worry looking for that law I asked for, it's not illegal.

It should be.

 

[Ho3n3r]

The little boy who cried wolf.

 

[Vrotappel]

Which law?

Don't worry looking for that law I asked for, it's not illegal.

Let's say they are spreading false information to manipulate market prices. You don't think it's illegal?

 

[supersunbird]

It should be.

What should be? Having opinions and airing them? Sounds communist...

 

[supersunbird]

Let's say they are spreading false information to manipulate market prices. You don't think it's illegal?

Capitec can take them to court if they think and can show the information ia false.

 

[Nick333]

What should be? Having opinions and airing them? Sounds communist...

So we're pretending that they just have opinions that would happen to benefit their business model as opposed to making shyt up in the hopes of profiting off the damage their lies might do to Capitec's share price?

 

[supersunbird]

So we're pretending that they just have opinions that would happen to benefit their business model as opposed to making shyt up in the hopes of profiting off the damage their lies might do to Capitec's share price?

Let Capitec take them to court. The market (the ultimate adjudicator) obviously doesn't give Viceroys opinions much weight or the shareprice would not be stable.