.. to prove the point that continuation under share discussion has more worth than not, hope it displays sensible. Simmers undervalued ? by matrix on 21 Jun 19:26 Article from Financial Mail saying SIM is so undervalued that management is planning to split company if there is no correction soon.....any opinions? Buy ? Sell ? Bull.... ? -------------------------------------------------------------------------------- by matrix on 21 Jun 19:33 http://jsefin.hosted.inet.co.za/news/story/2267361 by Captain Kidd on 22 Jun 09:44 Ja..,after reading I think this could be a positive thing,you could either end up with FUM shares and SIM shares, or you could end up with SIM shares and some other new company share representing the Gold value of the companies Assets. From what I understand the bottom line is that the Gold part of SIM is not being valued properly, my opinion is that it can only get better, Imara SP Reid recently in one of there news letters gave the SIM share a value of 875c, this is still abit above where we are at the moment.. A upward movement to that target range will be great..Are there any other opinions out there? by Jay on 22 Jun 10:55 Personally. i see simmers hitting R10 in the not too distant future. according to gordon miller, sim should be valued closer to R 25. id be happy if it ran half way there by year end. i do think that sim gold operation is terribly undervalued. reason is that it will take longer for the gold operation to be at full capacity. by dimitrius on 22 Jun 11:20 And exactly on what do you base your idea that SIM is undervalued? Have you seen their financials? The only reason SIM would increase in value is through emotional and irrational buying. An undervalued company is undervalued relative to its earnings and financial strength, not emotional sentiment or charting. by matrix on 22 Jun 11:28 It was a question not a statement hence the ? after "Simmers undervalued". by dimitrius on 22 Jun 13:23 Be that as it may... Don't you guys do research on the companies you ask about before asking this forum if it's a buy or sell? SIM is probably one of the most bloated stocks on the JSE. No real substance to it. Just one dark money pit that's trading on hope and nothing much else. by Huaron on 22 Jun 17:00 I find it interesting that at the same time Gordon Miller says that company should be R25, he sells R11m of shares making a 1400% profit. Re:Simmers undervalued ? by DST on 22 Jun 17:03 And at what price did he sell? by Huaron on 22 Jun 17:10 Date of Transaction:18 June 07; No of shares 1 600 000; Average price per share R7.30; Total amount R11 680 000.
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