Dilligaff... the reason for the R20k is to ensure that in the event of an oversubscription, then u will get a part decent allocation as compared to an applicaiton of R5000 which will only return u a minimal allocaiton. Note that this is one of the larger recent private placements. RBA,Hardware etc were tiny compared to this. Also note that approx R57m of the private placement has already been booked for a BEE deal which leaves about R100m for the "private" public particpants like us. Perosnally, I like the growth history and that makes the growth prospects not that much unbelievable. Plus, you have Ethan Dube on board and that man onlys takes a piece of the most delicious pies (Esor,Interwaste,Alert)
Dilligaff, how can u be convinced so qiuckly? Did u read the prospectus? I suggest u read it from cover to cover.. like i do. This way u have all the info available to u and not just what the company advertises in the roadshow presentation.
Goldbull, i hope u matching me because u did ur homework. If not, then do note that i have called many of these private placements wrong before and have been burnt.. Example, 1TM to a certain extent,IRA to a huge extent,CBH etc....
Samir thanks for the tip. I did no homework and my HEART says NO. I specialise in long term investments namely ETF's. Holding SATRIX DIV, NEW GOLD and PROPTRAX. A few more ETF's will be on there way soon and I will be looking at those.