What just happened

[Plonky]

Nhm jumped up suddenly. Just after 14h00. Any news ?.

[bruno_1]

Cautionary sens released

[Plonky]

What could this mean. Maybe an acquisition ???

[bruno_1]

See following link - could have something to do with it http://www.busrep.co.za/index.php?fSectionId=563&fArticleId=3912279

[#5]

I believe it is a positive sens. Alot of free cash in Northam at the moment so an aquisition is quite possible. Also profit warning of 93% came out a week ago, so could be further news on EPS or HEPS. Lets hope for all of us with Northam shares it gets to the R70 where it belongs.

[SKALA]

Bought some NHM installments last week; will hold even with falling price.

[#7]

yeah I got out of the doomed Wez last week and got into NHM... think I'll stay on for the ride and see where it takes me...

[#8]

It aims to raise its stake from 22 percent to take control of Northam. If Mvelaphanda acquire Anglo Plat's 22.50%, it will still need 5% or more, depending on the shareholder agreement to gain control of the Company. I doubt Allan Gray will give up a chunk of their stock especially considering the handsome dividends Northam pays and the future prospects as one Member here states that the share is worth closer to R70. I hold NHM shares December Long, which I bought last week and sitting at a loss at present, but with all this good news I am holding for a recovery. This American Housing Issue presented some very good buying levels to people who wanted to get into NHM.

[James15]

ok.

[#10]

PE 9.25 EY 10.81 DY 10.41 Not many shares on the JSE with a DY of 10%! Add this weeks Cautionary Sens, which must be the Booysendal Merger/Acquisition and NHM must surely be good value at current levels, despite the recent sell off in Platinum Stocks.