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.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

TIME TO BUY ... ! ... ?

Reply
Super Contributor
It is probably time to buy this old punter's stock. (Not for Old Punters though, you understand.) Following on the logic for BEG - this company must be relevant in the new SA. Anyway - It is cheap! (If the figures are correct.) So I have started to build a position.
0 Kudos
4 REPLIES 4
Super Contributor
Wow people were burnt on this one.
0 Kudos
Super Contributor
That they were! Which is why it has been so beaten-down. It will turn at some point - provided the company continues to behave itsself.
0 Kudos
Super Contributor
0 Kudos
Super Contributor
Well - we are up from R1,8/1,9 to R2,25. Above R2,3 sets up R2,7 - R3 on an overshoot. I'll dump a chunk there and carry my balance to wait for a value unlock here. If I can hold a nice chunk at R1 (after setting off profit on the cleared portion) in the hope of a run out to R10 over the next couple of years, I should make a nice chunk of change.
0 Kudos