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Libstar shares surge 8% after mushroom business disposal and further restructuring
The Mercury
|December 11, 2025
LIBSTAR
Holdings' share price surged over 8% on the JSE Wednesday after it announced the disposal of its fresh mushroom business and plans to restructure so that it can focus on its food businesses.The share price traded 8.5% higher at R4.50 on the JSE in the afternoon, slightly higher than the R4.20 it traded at a year ago.
Smalltalkdaily Research market analyst Anthony Clark said Libstar's trading statement reflected a weaker performance than he had expected. He said the higher share price was likely due to the announcement of a further cleaning up of the "spider's web" of businesses the group once had. He said Libstar was still trading under a cautionary notice, and might in the future be acquired by another food group.
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