Yes, it's a long shot as to whether the deal even goes through. And yes, it looks pretty dodgy with them now elevating it to a full forensic audit (and finding millions "missing". But if the deal does go ahead, and as speculators are predicting, Sharemax shareholders will be lucky to realise 20 cents in the Rand, then it could go through at R 1 billion, which in turn would be a great buy for Bonatla. As it would give them a serious chunk of retail property. Yes, the biggest 2 Sharemax shopping centres would have to be completed and tenanted (and yes, Bonatla would obviously need to raise some more capital to do this), but the remaining Sharemax stable of retail properties are all returning rental incomes. So yes, it is a gamble, but if it works out, it could see the Bonatla shares worth a lot more than their current 10 cents. OMO
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