Rights offer , borrow? IMPACT?

[partridge]

What's the view - if they need R300M...?

[SimonPB]

they'll desperately try and avoid a rights issue with the price heading for 200c .. but can they borrow, that balance sheet not looking awesome so they may be forced to

[Preston]

Ellies and its managements are the "WOLF of the JSE".

[Preston]

partridge, rather invest your money in FINBOND. I have heard some excellent stories of this company.

[Preston]

partridge, rather invest your money in FINBOND. I have heard some excellent stories of this company.

[#6]

they should sell their infrastructure business. It isn't core anyways and is bleeding. I have been short Ellies since last year sometime (thanks to having offloaded more crd's than I owned - a fat finger function. Unfortunately for me, it is only 2 contracts - so I am R4 in the black -:)

[partridge]

Preston, ja well no fine Finbond..... looks momentum less for the present..?? Have been bottom fishing in small financials ....I like people who are out of fashion - so bought some prescient - they are fixed interest specialists and the wind is starting to move in their direction ( okay remuneration stuff issues...but a good business)