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Online Share Trading

Engage and learn about markets and trading online

Where is this one going to

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DaMerlin
Contributor
Will this share bounce back to above 10c as it was just because of the rights offer that it fell
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4 REPLIES 4
Yolee
Contributor
I think it can still bounce, coz now they are busy with some new strategies and restructuring so its has hope of coming back
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grommet
Regular Contributor
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Not applicable
be very wary of companies that have to go to market to finance working capital. You replace a cheap form of debt with an expensive one. Also, R50m will not be sufficient to dig themselves out of their hole - I am certain of that! You are raising R50m to restructure R150m of short term overdraft? There might be something in this company - if they are able to keep up as a going concern, but that would be my number one priority before taking a stab at this - are they actually viable as a going concern?
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KKKK
Contributor
something is happening here. cautionary plus the trade price of 8. takeover?
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