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Online Share Trading

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ECO

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Not applicable
WTF whats happening here?????
0 Kudos
9 REPLIES 9
dilligaff
Super Contributor
PIC voting no!
0 Kudos
SimonPB
Valued Contributor
an they own 10.1%, still short the number required to block the deal, but this could becoem fun.
0 Kudos
Dilligaff2
Frequent Contributor
A risky short? (as if they aren't all....)
0 Kudos
DEP
Super Contributor
Deal might not go through? With PIC voting agianst the deal.They are gready. More that 5% of ECO shares have changed hands today!!!
0 Kudos
DEP
Super Contributor
how much do you think Eco will drop if deal is blocked? 10%?
0 Kudos
SimonPB
Valued Contributor
way more, remember it was at 3000c when the deal was announced and it ran to around 3600c at that satge then the 4600c price was announced. So how low, well I would think somewhere between 3000c and 3500c.
0 Kudos
DEP
Super Contributor
do you think there is enough votes against the deal?
0 Kudos
DST
Super Contributor
1. Is Molefe voting commercially or politically?

2. TRade for the weekend - Short:ECO and Long:smelling salts for Bower Ross & Christelis
0 Kudos
DEP
Super Contributor
These buy outs (i.e. ECO ) are bad news for SARS (less Tax) and SARB (dividend leave the country) and good news for investors. Hence, PIC is voting politically.
0 Kudos