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T-Brands???

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Not applicable
-20% Reason???
0 Kudos
10 REPLIES 10
DST
Super Contributor
Commencement of Listing of Ad***** Ingram Tiger Brands shareholders are advised that Ad***** Ingram has commenced trading on the JSE Limited this morning under the share code AIP
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Galuc
Super Contributor
I expected a correction but not a snot-klap like this!
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ABuzz
Super Contributor
Why not? if Ad***** Ingram is worth R 35, then why shouldn't Tiger Brands be reduced by the equivalent amount. If they are unbundling it essentially the value has been transferred from the "parent" company over to the "offspring"
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Galuc
Super Contributor
I agree but the announcement was made 2 weeks ago and the distribution of the Ingram shares happen on friday, why the correction today? Why not on the announcement? Or on Friday when the shares get distributed?
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DST
Super Contributor
Think about the ldt. One moment a Tiger buyer must pay for both, the next he must only pay for Tiger, and pay elsewhere a separate amount for Adc0ck.
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Vano
Regular Contributor
The Tiger shareholders should still be the owners of the new company. They should have been issued with shares in the new company. The ownership of Ad***** cannot simply be taken away from the existing shareholders? Did I miss something?
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bilow
Contributor
The sens of 14 Aug 08 refers. LDT was Friday 22 Aug o8. TBS shareholders still on record 29 Aug 08 the record date will receive one Ad***** Ingram share for every Tbs share held. OMO.
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Frogg
Frequent Contributor
Any views on where adco share will go to.
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Galuc
Super Contributor
Yeah bilow u right, read the whole thing ***** about face, that makes sense, market is too clever! Nothing gets through
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SIMBA
Super Contributor
0 Kudos