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Online Share Trading

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ouchh??

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patch1
Contributor
whats happening at simmers
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8 REPLIES 8
CE
Super Contributor
It is giving you a chance to add...
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Not applicable
What fun that was, interesting little disturbance in the force.
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Samir
Super Contributor
Private placement at R6.50
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patch1
Contributor
and that means to the uninformed?
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Samir
Super Contributor
They raising R300m by issuing the relevant number of shares to institutions at R6.50. I believe this has been slowing driving the price down since the initial sens last week.
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patch1
Contributor
so rather get out and back in there later on?! I'm new at futures and got burned badly march/april dip :O( thanks for reply
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Samir
Super Contributor
If you are trading futures and you did not know about the private placement, then I would say that your ear is not close enough to the ground. I would expect the price to drop to around the R6.50 mark within the next few days. Though R300m in the greater scheme of things is not alot. If you are invested in Simmers for long term, then just be patient. It is worth its weight in gold...
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Samir
Super Contributor
And down she goes... 2.9% down today.
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