Nice moves now nad better volumes - seems established above at the 40 level There's more to come surely !!! Updating previous If deal goes through - current 4000 plus two more at 1500 in rights ie total price of R 23.33 - hl earnings of 390 ie new price at pe of 10 =3900 wow that means you can buy up to say 8100 plus the 2 rights at 1500 ie cost of (80+15+15)/3= 36666 still will leave you with value - so why is the share only trading at 4000 - does anyone know what managements earnings estimates for the end of this current period will be ... thats the key to where the value should be .
this is a superb investment opportunity, but you must take a 12-18 month view for value to be realised. the soon to be released interim result will shed greater light while some publicity will also be generated by next week's commencement of the rights offer. it will be interesting to see where the rights trade as of next Monday. greater liquidity and size (R1.9 bn?) after the offer will probably also stimulate institutional interest.