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BSI Steel listiing

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Frequent Contributor
Any thoughts on this new placement offer by 3 October
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13 REPLIES 13
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Super Contributor
Seems odd that the Prospectus invites applications for minimum 5000, plus increments of 1000 thereafter- say R5000 or R6000 or R5000 plus R1000n
OST saying minimum R20000 ??
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Not applicable
Their website seems to have no information on the listing which is strange.
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Super Contributor
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)
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Super Contributor
Cheers Samir
I'm convinced its a worthwhile shot :)
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Super Contributor
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.
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Super Contributor
Reed speeding 010 r me :)
More seriously, I sure will be perusing(!) both docs thoroughly, after eventually getting the downloads to work!
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Super Contributor
I have read it. I am going in for R20k.
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Frequent Contributor
Samir cool I will match your R20k
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Not applicable
Where do I get info on this
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Super Contributor
home page, special announcements
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Super Contributor
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....
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Frequent Contributor
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.
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Super Contributor
For some reason, I assumed the cut off was at 4pm today. Turns out the cut off was at midday. Called the call centre and they said that there will be no extension on the offer... Damn...
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