The share price rose more than 50% in a year, thanks, apparently, to what the company calls value-enhancing initiatives, and there should be increased liquidity. Rand weakness helps, as activities are almost all offshore. In March this year Trencor announced the possible listing of 72%-held Textainer, the world's largest lessor of marine containers. That could produce a further unravelling of the group's complex capital and control structure.
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