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View on current BGA Trend

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JTee
New Contributor
One of the executives have been subpoenaed to the banking tribunal in Cape Town this week over the Pinnacle Point debacle - due to appear this week. Is this perhaps what is affecting the current trend? It was trending towards the R160's in August but has dropped significantly over the last 3-4 weeks and trading around 131 today. Has anyone done an analysis or have a view?
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2 REPLIES 2
SimonPB
Valued Contributor
the tribunal is a non issue .. perchance it was moving higher for the special dividend
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Skeleton
Occasional Contributor
BGA traded at one year lows yesterday. Is this then a good time to buy? Should I hold back a bit? It seems the technicals are not encouraging,and I don't find any problems in the fundamentals. Why then is BGA falling so low? I invest for dividends and for the long term. I'm not interested on short term trading.
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