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Online Share Trading

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Spectacular results

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f4jsa
Frequent Contributor
Spectacular results due at 5pm today!
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14 REPLIES 14
Not applicable
What effect are you expecting this to have on the share?
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rsalie
Super Contributor
sounds like u either work for them or u bought way above the current share price :-)
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scandal
Super Contributor
well i am thinking that the IT/Telecoms sector is undervalued at the moment. Take a look at this link and check out the financial shape of some of the share in the same sector as VOX then decide for yourself. http://www.moneyweb.co.za/mw/view/mw/en/page49?oid=204524&sn=Detail#main_table
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Preston
Super Contributor
rumour going around that the company is going into voluntary liquidation. Spectular rumour..huh. Thank you Simon for that inside information. I got out extremely quickly
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SimonPB
Valued Contributor
we know they will be good because they told us so it is already int he price.

headline earnings per share are expected to be between 100% to 120% higher than that achieved respectively in the prior year
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rsalie
Super Contributor
I'm waiting for the results more to see what information on their operations they have to give us. We have not heard much from them of late.
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Preston
Super Contributor
Liquidation paper is currently being finalised as we speak. Thank Simon Brown for that inside information
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f4jsa
Frequent Contributor
Liquidation? What rubbish! Between the directors and Sexwale they bought nearly R1bn of shares over the last 4 months, and at no discount. Hmmmm...we'll see.
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Shaun_Siddall
Super Contributor
Priced and the next 100% increase is priced in at current levels PE still around 22.
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Not applicable
Shaun - by my simplistic calcs, if the current PE on current prices is 26 then 100% increase in profit gives a fwd PE of about 13 which is a dramatic improvement - or am I missing something?
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rsalie
Super Contributor
Earnings per share is 4.7. IF they get 10 c for the full year, it will be a 20 PE at 200c a share. In today's market, 20 is MASSIVE. Do your calculations to see what they have to produce full year to get a 13 PE. I don't think Storm will give them the jump they need. Also, if they want to declare a dividend, 1c dividend will cost them 10 million. And their profit for the 6 months is only 43 million. I think the market has been demanding a dividend from VOX - one of the reasons why the volumes have fallen off the last few months.
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rsalie
Super Contributor
And down she goes, below 200c. Who knows where it will settle. Probably best to short this one. !!
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Preston
Super Contributor
looks like someone.somewhere have got hold of those liquidation paper...currently in transit.
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Shaun_Siddall
Super Contributor
I hope you not buying shares yet, back to 101.
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