Cash Inflow: Sorry guys, the way I understand this, and please correct me, is that there will be very little cash inflow into South Africa. SBSA want to apply to keep all the "cash" outside of SA. and I quote from the sense announcement: "It is the intention of Standard Bank Group to apply to the South African Reserve Bank for some or all of the proceeds of the primary capital raising to be retained offshore. It is also to be noted that approximately a quarter of Standard Bank Group's ordinary shareholders reside outside of South Africa and are expected to receive their proceeds from the Scheme directly." So Preston, I am not sure I agree with your comment that it is ALL roses. The market price currently experience, and I will leave this for the mathematical inclined, looks like it is the combination of factors between % foreign shareholding, % SA shoreholding, and the price China pays per share. Anyevent, my opinion is that we should have bought before today's trading started / and or before the Halt Trading period. Views / comments?
