SENS Announcement: Panic Sell

[GAF1984]

I read the SENS about the cancellation of the Cautionary. And all of a sudden everyone has started selling... Anything to be worried about? Have all talks about a possible buy-out ended and no longer on the cards?

[SimonPB]

would certainly seem so ..

[SimonPB]

an now what does eqstra do with the 28.67% it holds? nasty over hang

[klapka]

It's now 32.77%.

[#5]

My gut tells me these guys are dead in the water. They aren't even boasting about an order book - they are boasting about an unawarded pipeline! So if a buyout couldn't be struck off the back of a due dilligence, that has to tell you that there is nothing of value here. My advise to shareholders - unless you know something about their business model we don't - get out while you still can. There are better stocks out there to recoup your loss

[KKKK]

would they not be able to get into the deal cheaper now. It seems this was deliberate by EQS that the withdrawal of the cautionary to force the stock price to decrease big time. I still think its on the cards, but lets wait and see in the next 6 months what they do.

[SimonPB]

EQS officially lists their holding in PKH as 'held for sale' .. so we have no deal and a massive over hang ..

[KKKK]

where can i find this detail

[SimonPB]

annual financial statements as distributed on 27 Sep

[THRESHOLD]

At no point are the discussions specifically linked to EQS. EQS is obliged to inform PKH in the presribed format under certain conditions only - largely aimed at enforcing a general offer on general terms at certain holding thresholds in order to protect minorities. There would not necessarily be any need for them to "discuss" this with the PKH board. PKH is NOT disclosed as "AVAILABLE FOR SALE!" It is shown under "LISTED INVESTMENTS"

[THRESHOLD]

See SIMON - that is me practicing WISHFUL THINKING - LOL!!

[Airborn]

Read EQS annuals again.... Held for sale???

[Airborn]

Read EQS annuals again.... Held for sale???

[Airborn]

Read EQS annuals again.... Held for sale???

[Airborn]

Read EQS annuals again.... Held for sale???

[SimonPB]

ya, the market has assumed the PKH cautionary was EQS making an offer - and that always most likely )not not 100% sure) .. but the PKH stake IS held for sale, check page 121 at http://www.eqstra.co.za/reports/ar_2012/pdf/full.pdf

[THRESHOLD]

You guys really need to learn to "read." I said that the whole posting was "wishful thinking!" - Right down to the romanticized version of the financials.

[SimonPB]

overly complicated for late friday ..