Mr "Bladsy" has done it again... Blame the Eqstra bid defence as the reason their results are poor. Spent another R13m of our money on defending this takeover .... that is a total of R34m to date, 10% of market cap. The devil is in the detail .... EBITA is significantly down even if one ignores the the one off cost bid cost then the !!halved !! their depreciation cost to generated some earnings. HKGK, we have seen this trick before with Buildmax and Sentula. With this poor performance I dont believe that the Independant Board valuation of 78 - 88 cents is gonna see the light of day. Can anybody give me some insight into why I should hold this share and not flog it at the 60cents Eqstra offerred??
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