Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

Community

Share knowledge. Find answers. Ask questions.

Online Share Trading

Engage and learn about markets and trading online

Sanyati

Reply
Highlighted
Not applicable
If these guys paid dividends i would go in in bulk, it is supprising that they released beyond excellent results but the share price is hovering near it's lows
0 Kudos
4 REPLIES 4
Highlighted
Super Contributor
It's bnecause they didn't declare a div. Strategy should be to give some cash flow back to the investors. I am also of favourable opinion, but opted out because they didn't arrive at expectation.
0 Kudos
Highlighted
Super Contributor
BEE investors bought last year and were locked in for a year. The lock in has recently just expired. People who bought with gearing have to exit. The deal was for 50m shares if I rememeber right.
0 Kudos
Highlighted
Not applicable
Does that make it a good buy at current level then?
0 Kudos
Highlighted
Super Contributor
I would think so. But ,I am currently trying to offload my shares though(cos i'm stuck for cash)
0 Kudos