Rights offer at R2.15

[f4jsa]

But the share is trading below that???!!!

[#2]

why are they going the rights route?

[f4jsa]

They need money and the banks won't lend. Only option left - milk those already to deep in to sell at a loss. Interestingly, Standard Bank is feeding us the bulls&*%t "market research" of upcoming earnings of around 40c/share and even a divident of around 15c/share!!!!! But they have to borrow R200m to stay afloat!!!

[#4]

boet, you are never too deep in to sell at a loss. Sun Tzu, art of war - never reinforce failure. What do you hope to gain out of buying more shares in a struggling stock?

[Harathke]

Actually SBK says HEPS to be 19.4c and DPS to be 5c. What you're talking about it Profile Media's consensus forecast.

[dbm]

Somebody has underwritten at that price. Its cheaper to buy on the market and dump the nill paid letters

[f4jsa]

All the same. Its the ***** on my Standard Online trading platform. I am told they actually buy the information to feed us from our trading costs.