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Community


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Online Share Trading

Engage and learn about markets and trading online

ABIL

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Super Contributor
0 Kudos
Super Contributor
It sure is an interesting scenario, the company has assets and is making a profit - the market has literally discounted the entire debtors book in the past 6 months. There must be some news yet to be made public.
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Super Contributor
And they now trade at a PE of 5 ...
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Super Contributor
Been in this game long before you and bet I'll be around long after you.Been around too long to be shaken by a stock or the market for that matter.
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Super Contributor
Sam Sithole
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Super Contributor
The next public news to be made is more doom and gloom days from the consumers....and that one can't be priced reasonably regardless of the NAV of the company!!
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Super Contributor
Tomorrow is key....pass 15.80....the knife goes down to 11 bucks
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Not applicable
So.. what you saying is shares in African Bank are going to go much cheaper then a 2L Coke tomorrow? hahah
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Super Contributor
not shaken but surely stirred!
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Super Contributor
At R11, I will wager there will be the war of all wars between the big 4, Joffe and some foreign funds (perhaps lead by the likes a PSG) for control this thing. SO - I will certainly load up my boots down there.
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Valued Contributor
an one of the directors got 2800 SSF contracts .. about R5m underlying value ..
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Super Contributor
Old news that statement came out 3 weeks ago, not so sure it's a "good" short now
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Super Contributor
They are cheaper than McDonalds burger, so add an R11 Coke to it soon!!
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Super Contributor
any price movement on short covering can be shorted...until price reaches about R23, its a short or stay out.
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Super Contributor
you dont want the bottom or the top, you want the meatiest part, the middle(got that from Simon)
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