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31-01-2017 04:44 PM
they relist tomorrow (1 Feb) and update just now says HEPS of 3c for first six months ending March.
Gonna be wild watching this one.
An yes I got it wrong, never expected it back. Happens
01-02-2017 01:23 PM
I watched in horror on how the vultures dives in on ABIL. So glad it has a lifeline. Those who are short will hopefully be burn't like those who was short in KIO (remember Simon, they flack we took for KIO),
Long live ABIL (AXL)
01-02-2017 05:29 PM
A 2 year wait for a 60%+ profit (@55c) is OK with me.
Pity the vultures descended on this and stripped the company though.
The question now is: where to from here?
02-02-2017 12:43 PM
Sure we can. ABIL should have been allowed to fail and the shareholders would have found value in the estate. Alternatively - the new "investors" could have righted the ship through a massive rights issue conducted in the public forum and subject to the normative corporate discolsure requirements and established comany law... but that would have been too transparent for them! Instead - the "Banks" stepped in to loot it. Crushed the small shareholders/investors as usual. Right up to and including the disgraceful STANGEN story. Vultures is too polite a term for them, in fact. The directors were just common crooks.