wonder if the Oppenheimer family are still willing to buy in at 48c per share, with the price heading south they would be paying one serious premium for the stock... 48-18=30, 30/18=166.7% even i would not pay that high a premium.
I haven't heard anything re the packs, but I am sure we will get some good feedback at the AGM. Also remember that the packs will sell well to the government and large AIDS type operations, the pharmacy market was in my opinion just an extra and would probably never be that great a mover of the product. We need some positive news on a couple of issues: 1 - the packs, 2 - the new brands, 3 - the cautionary.
check the SENS on IMU (results sens i think) Basically the Oppenheimer's have to option to buy into IMU by 12th DEC at 48c per share. Think the will probably be discussed at the AGM along with new products etc etc..
y wud they buy at 48c when they can get for less than 20c? Im sure most shareholders will be willing to sell at 30c. So they can get a large chunk at 30c easy..... it is an "option" which means they will take this option not to buy at such high levels... If they do, well. either they are mad or there arent enough sellers, which is a very good thing...
Or if the share recovers to above that price, then it would be worth them exercising their option. Remember, 12 December is the deadline for the BEE partners to have the orders in place for the 100 000 units per month sales volume of the Imuniti Packs, otherwise the shares revert back to the company (which is 37%) which in turn then increases the value of the issued shares. OK yes on the down side, they lose their BEE status. I think we are in for an eventful next 3+ months.
If the oppenheimers buy at 48c, it will be very positive indeed. But if they decide not to, i feel the share will fall even more. closer to 10c. It doesnt matter if 37% goes back to the company. it just means that such a big investing power does not have faith in IMU.. So i think that will be the big indicator....
Renda i share you sentiment. If IMU does not clinch and seal the deal with the Oppenheimer's and no news on the packs this baby could see 10c or less. quote from small caps thoughts page... 'Ignoring IMU's "wellness pack" and value the company. Its manufacturing concern is part outsourced manufacturing and part health sector manufacturing and has produced EPS of 0.56c. The JSE industrial sector's PE is around 17. Let's say IMU's health/manufacturing should be valued at around 12 (with a healthy discount)...this reveals it to have a value of around 7c (=0.56 x 12) per share.'
All the SENS says is that all the resolutions were passed. Hardly enough detail. I'll get onto the company and ask them for some more feedback, at least they should have told us about the new brands they were implementing by tomorrow (according to the SENS 31 May) even if they can't give us any further updates on the packs or cautionary.