After our ministers article on MTN to remain a SA company how much negative impact do the followers of this gem see on the price. Off a little today and TA says down but my sights say about 121 is support or is it 118?
Agreed, I know it is just posturing but does the PIC not hold about 21% and the shareholders need 80% to approve the deal? so if PIC (Goverment pensions fund) are just gonna be sticky will the deal not be delayed and then some idiot at COSATU will file another court application fearing massive job losses and all that c**p again?
Public Investment Corp., the South African government pension fund administrator, owns 24 percent of MTN and had raised several concerns about the tie-up, according to Nene, who is also the PIC's chairman.
Well seems everyone is wanting a bite of this one. Now ICASA wants to be notified of share exchanges and possible public consultation. More postering to avoid the blame game but public perception does affect carry some weight. Never traded this share before but just got interested in the dynamics and remembered when everyone was discussing it at 114/118 a while ago. lets see where we go this week and the remainder of the month. When this deal goes through and I believe it is close to being announced, what outlook for the sahre. I remember a few punts at 140 odd going through the forum....
"COSATU said on Sunday it would judge the MTN/Bharti deal on its merits, particularly its effect on jobs."
So we might not see this deal hapmen this year again. Silly posturing stances and i think many an official has to cover their rear early to avoid the same disgrace they inflicted on themselves with Vodacom deal.