Buy or Sell?

[AJE]

Anybody have an idea where this share is headed?

[SimonPB]

up

[Rams]

sideways

[SimonPB]

forever ?

[Rams]

for now... according to the chart

[SimonPB]

hmmm

[Rams]

my trending system not giving me a signal...er.. i should say YOUR trending system not giving me a signal..so must be sideways?

[SimonPB]

lol, I typically don;t bother charting anything outside the top40, not that I chart stocks anyways .. but lack of liquidity makes for unreliable charts ??

[Pepi]

Strategy is into Africa - virgin territory - long term growth imo

[Preston]

But South Africa is part of Africa.

[#11]

And do you have any idea how difficult it is to develop an Africa strategy? Many great companies have failed miserably (including the likes of SAB, Steinhoff and Nandos). Rather invest in a company that has successfully overcome the hurdles already

[Pepi]

Skaaptjop - i'm only saying this coz my mate constructs all their warehouses and they are deep in talks.

[SimonPB]

ya but they being cleverer with their Africa strat .. they only follow a large existing client who will give them work, so they set up with at least on large contract already in place .. reduces risk ..

[AJE]

Pepi. Your mate must be Grant from Gridline then? MFL have been in Nigeria for some time now however if you read the latest corporate report they still need to find some traction in that market. The Africa market is a tough nut to crack as we all know!