Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

Community

Share knowledge. Find answers. Ask questions.

Online Share Trading

Engage and learn about markets and trading online

His Nibs?

Reply
Highlighted
Super Contributor
Looks as if His Nibs is nibbling again - another 20m shares yesterday.
0 Kudos
Reply
4 REPLIES 4
Highlighted
Contributor
I am following this saga! The big question is what will the offer be to buy out the minority shareholders? It seems this person/group of people are happy to pay 30 cents to buy out the larger shareholders, but what type of premium will they looking at when offering to buy out the minorities? I see Mr Krone sold at 30 cents too. Does he know something we don't? I paid a wee bit more than that for my shares! NAV seems good, but all construction companies are heavily discounted due to the lack of work. I am at a loss as to which way forward. I guess holding out to see what the offer will be is the best at the present time.....watch this space.....
0 Kudos
Reply
Highlighted
Contributor
Apart from the directors selling, do we know whether the other larger shareholders are selling? It looks like Krone is stepping back a bit anyway, so his selling is probably part of retirement planning.
0 Kudos
Reply
Highlighted
Super Contributor
That 20m shares is 5% of issue so if it was Mr Natha that will have taken his holding to 36% and a mandatory offer so we would know quite soon.
0 Kudos
Reply
Highlighted
Contributor
Mr. Krone sold some more shares last week at only 28 cents, which is less than the 30 cents he got for the previous batch he sold. However, the quantities were much less. So, is he bailing out or does he know something else we dont know?
0 Kudos
Reply