BFS

[Ben_ladin]

This baby is going up , banks int. rates are to high for the midel class and people need money , so as soon as the people realise bfs is open again people will be streaming in again .

[topgun]

Can you read a balance sheet? Why would you be prepared to pay R174.8m for an entity with NEGATIVE shareholders' funds of R205.8m based on book values or a NEGATIVE nav of R668m net of intangibles? Stated on a per share basis, you are paying 28cps for a company with negative net assets of 32.9cps or 106.9cps on a net basis? To get this business back to life there is going to be massive share dilution...

[striker]

. Agree with topgun - this coy. ought to be in the hands of the liquidators. It's living on borrowed money and time.

[#4]

One thing is for certain, the angel investors aint gonna have the interests of the lowly - fully diluted and now significantly minor - shareholders in mind.

[Wizard]

The stock market discounts future cash flows. R463m was injected in the company for a turnaround. Not a petty cash that! If everything goes well the NAV will turn around with time.

[saash]

Wizzie r u still online?