Capitec plans R1bn rights issue

[Franksays]

Existing shareholders will get 1 share for every ten held http://www.moneyweb.co.za/mw/view/mw/en/page292516?oid=518220&sn=2009+Detail&pid=287226

[Rams]

Something interesting is that CPI only took off on 24 March 2009 from R29.00. From 2005 to 2009, the share only moved by R4.00(R25 to R29). Even more interesting is that interim 2010 results show a negative cashflow and dividend cover of less than 2.MOVED TOO FAR TOO MUCH.Who-ever moved it that much will move it again that much and thank MR. Market for a nice big profit!

[SimonPB]

Capitec rights issue, why? I got a theory ?? http://ow.ly/3fxYT

[#4]

Maybe a more sneaky way of doing a share split? There are only 84m shares in circulation

[rsalie]

lets hope that they are not growing too quick too soon.

[Russ]

http://www.moneyweb.co.za/mw/view/mw/en/page292516?oid=518237&sn=2009+Detail&pid=287226

[kwagga]

So that concludes it. That need money to build their loan book. Nothing sinister about that. Do I detect a bit of jitters from shareholders ? Please sell, so I can buy some of this. If this was a cow, I'd consider Capitec the fillet.;-)

[prancing_horse]

I would have thought the udder,as it keeps producing,.....cream??

[kwagga]

LOL!!! Can't argue with that.

[Wizard]

Getting greedy! BFS also doubled their loan book prior to the collapse! Sell!

[BoburUncle]

Shares down 1.5% so far. Long on Monday?

[Wizard]

First target R125!

[Russ]

Terrible feeling to have missed the boat,Wiz?

[kwagga]

My dream said 118

[Wizard]

Well the 200 EMA is at R122 so by the time it gets there it will be 125. Short!!

[Wizard]

No....there always opportunities around! ;)