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thoughts on SENS

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Super Contributor
is interesting that on Dec 14th when the original SENS came out, price jumped 8.7%. today we are around 20% off the pre-announcement price. it is true that today's SENS isnt news but a reminder; which probably explains why isnt having any impact on share price.

i wasnt around during the original rumours and SENS...was there any further news to caused the retracement in the days that followed?


"Reuters Tue, 18 Dec 2007 WOOLWORTHS shares price soared after the after the retailer announced that it was currently involved in talks that might have a significant effect on shares. WOOLWORTHS share price rose by more than 9% although the retailer gave no details of the talks. WOOLIES upped 8.7% to R16.25 giving the retailer a market value of R14.6bn."
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7 REPLIES 7
Valued Contributor
ya, today just a reminder for those short memory.
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Super Contributor
was there anything that could have pointed to whether it will be positive or negative bias?
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Super Contributor
should be positive as it seems to rumours doing the rounds are that they are selling their finance book/debtors to some bank? Alec tried a quick one when they interviewed dr. steve of absa the other day when he tried to suggest absa is buying their loan book...... with the worries around indebtedness this should be positive if it is indeed what its about
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Super Contributor
thanks JC. good point
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Super Contributor
Your initial remark reflects on the volatility in the market, and maybe of this share. The lack of enthusiasm is because maybe ABSA will only buy at a price which does not include Woollies' bad component, therefore the latter will still be reflected in the current results. At least the possibility of this transaction should bring Woollies' downward trend to a halt. To turn to ABSA: this transaction should then reflect negatively on ASA? What with all the bad debts bringing banks into the spotlight, what good will it do to buy in old c r a p?
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Super Contributor
Your initial remark reflects on the volatility in the market, and maybe of this share. The lack of enthusiasm is because maybe ABSA will only buy at a price which does not include Woollies' bad component, therefore the latter will still be reflected in the current results. At least the possibility of this transaction should bring Woollies' downward trend to a halt. To turn to ABSA: this transaction should then reflect negatively on ASA? What with all the bad debts bringing banks into the spotlight, what good will it do to buy in old c r a p?
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Super Contributor
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