Steffanuti and Bressan Listing

[#1]

Any comments about buying this share?

[#2]

Veteran Company. Looks good. Not sure about the R10 to R12 level. Hope we get them at R10 and they list at R12? My only questions here is when do we know how many shares we will get so the available cash in my trading account can be freed up for other things.

[Samir]

Guess u will prob get a 5% allocation on S&B. Std Bank doesn't seem to be the favoured firm when it comes to invitations and I doubt they will be the favoured firm when it comes to the actual allocations. Would rather tie up money in Brikor instead of S&B as you will prob getter a better allocation since Brikor hasn't been so publicised as S&B has.

[Robbie]

Could you please tell me where can I get info about Brikor ? Do they have an IPO ?

[MoMoney]

I bet you Standard will get zero allocation, that means nothing for you either. Remember BWI?

[today]

if you can buy

[Samir]

MoMoney, kind word of my thoughts....I think not getting BWI would have been in your better interest. Assume you had R50,000 in your account. A R50,000 application would have got you about R750 worth of BWIshares. If you sold today at closing price, that would have been about R500 profit after costs. Hardly worth the effort. If you did not apply for BWI, the R50,000 would have been at your disposal and if you were brave, you could have surfed TOPDWM and made a better return during that time. Similarly, everyone knows that your allocations on the S&B listing are gonna be as bad as Raubex and Afrimat, so , save yourself the effort now and make some good trades from now till listing date and then buy at a premium on listing date. Note that you must make enought profit now to cover your premium on list in order for it to be worth your while.