Oct.04, 2012 | 10:06 AM–BATM won’t be fast-tracked onto TASE indexes: London-listed Israeli technology BATM won’t be fast-tracked onto any of the leading Tel Aviv Stock Exchange indexes, even though it dual-listed in Tel Aviv a month ago. The problem is that at $92 million, its market cap is too low. BATM is known in part for hiring Benjamin Netanyahu as its adviser when he temporarily stepped out of politics in 1999. Since local trading in its stock began in September, the average daily volume of trade has been a mere NIS 260,000. The share had risen from NIS 1 to NIS 1.35, but in recent days it fell back to NIS 1.15.
Bitter price for sweet potatoes: In 2011, a deadly virus decimated Israel’s sweet potato crop. Back them farmers sold the surviving sweet roots for NIS 10 per kilo, wholesale. After here tail markup consumers paid NIS 20 per kilo. Come this year, the virus has vamoosed, the crops are rich, farmers are getting only NIS 2.30 per kilo but consumers are paying anywhere from NIS 10 to NIS 14. Ergo, the ones making hay from the virus’ eradication are the grocers, whose margin has widened to as much as 300%.
Nanette CEO quits: Oscar Kazanelson is stepping down as CEO of Nanette Real Estate Group following a management dispute with the heads of controlling companies Olimpia and Levinstein. Just a month ago Nanette
and Kazanelson signed an agreement extending his tenure for three months, beyond March 2013, while they negotiated his employment terms. The negotiations broke down, it seems…Read More>>