814 replies to this topic

[soutie]

Hey Goliath

Aside from the usual avenues of info my take is...

They have the best BEE deal going on the JSE suffice to say the majority shareholder is a man of colour ( hope that comes across PC) and also the chairman.

Their executive is multiracial and also major holders in fact management are the biggest individual shareholders last I checked.

They have acquired an Eskom take off agreement of 700,000 tons of their own coal per year from 2012-2015.

I say their own coal as they have an extremely well run trading division for both domestic and international markets(all be it small internationally) got to be honest eh!

The trading division is decades old from a company called Chandler coal so they deliver etc...

They have just appointed a guy to run their mining division after dreadful sub-contractor interactions.

This new guy has them now going underground (shallow depths) to extract.

Recently though the game changer is this, basically a swop with Xstrata, Wescoal gets a very good surface operation (greenfield) for their underground mining right.

This is a company that has had a significant gain of late but I feel that this could be only the start.

I'm waiting for their results and will either buy more or put what I already have in the bottom drawer, not selling as this could easily see R2.00-R2.50 by this time next year.

Hope this helps. Buy next week in the R1.20's or in June you'll be buying in the R1.30's

Disclaimer- I am bald very bald 

[Goliath]

Tell us a bit more about Wecoal Soutie (if you don't mind!)

[soutie]

Hay  Southie . thanks for tip on Wescoal.. You said this one will go above R1.00 soon.. I bought at 89c..Now R1.25!!

 

Thanks mate.. may just sell out soon and make about  40%   gain in 3 months!!

Hey HDB 

Glad to see someone took it up... I'm waiting for their results should be really good this time around.

You may have noticed chunks being bought up which is unusual for this counter.

I'm not about to say it's attracting institutional support as I can't be sure.

I'm a big fan and it's my largest single holding 34% of my portfolio.

Give it another week or 2 and all of the mid R1.20's will have been exchanged.

Results due mid to late June and this one is getting on peoples radar for sure.

Still 40% in 3 months is fantastic trade just buy a stupid wig will the winnings to wear round the house sometimes.

Cheers.   

[HDB]

Hay  Southie . thanks for tip on Wescoal.. You said this one will go above R1.00 soon.. I bought at 89c..Now R1.25!!

 

Thanks mate.. may just sell out soon and make about  40%   gain in 3 months!!

[soutie]

Waiting on results for 2 of my larger holdings, Ellies and Brait SE.

 

Decent ones should push them through R10 and R40 respectively, me hopes.

[Goliath]

Must admit guys, CML is shining brightly still.. should've listened to you in September gamma, lesson hard learned!

 

Happy with what I've got now after trial and error, but jealous nonetheless in you CML guys!

[franz]

Actually it wasn't 10 years ago Orca...it was around September 2009 that it was around R7.50. Less than 4 years ago..can you believe it!

 

Actually I first held CML from around R6 then sold at R10..thought I was being clever 

 

Now I'm averaged in at 18.50 and I plan to sell when the moon turns to cheese.

 

Same here gamma, also bought CML first at around 19.00 and added over the years and sitting now at 24.45 incl cost. Will add to my holding if we get a decent

correction.

[Bev]

..... Sorry R47. 

Which was a couple of days ago...

[Bev]

I think you mean R7.40 10+ years ago or R17.40. I bought first time at R12.40 in 2010. Over the past 10 months, I have doubled my money.

..... Sorry R47. 

[gamma]

I think you mean R7.40 10+ years ago or R17.40. I bought first time at R12.40 in 2010. Over the past 10 months, I have doubled my money.

 

Actually it wasn't 10 years ago Orca...it was around September 2009 that it was around R7.50. Less than 4 years ago..can you believe it!

 

Actually I first held CML from around R6 then sold at R10..thought I was being clever 

 

Now I'm averaged in at 18.50 and I plan to sell when the moon turns to cheese.

[orca]

Hallo Orca,  I must say I'm so impressed with CML.  Got in @74 there about and look where it is today.  Pity I did not add more at the time. 

I think you mean R7.40 10+ years ago or R17.40. I bought first time at R12.40 in 2010. Over the past 10 months, I have doubled my money.

[gamma]

What are the chances of Vod being taken over 100% by Vodaphone uk in next 6 months????

 

 

cautiously optimistic we'll see R40+ by end year or with some luck perhaps earlier.

 

 

Your guess is as good as mine. Can't tell you whether it would be a good or bad thing either.. although, if you look at the ABSA Barclays deal then I wouldnt be too optimistic.

 

Anyway, I closed off my short. So sems I'm long again... Isn't it fun chasing one's tail

[Barny]

If you would like some more at R74 please drop me a line!

[HDB]

At R74.00, your broker ripped you wholesale!!  

[Bev]

Hallo Orca,  I must say I'm so impressed with CML.  Got in @74 there about and look where it is today.  Pity I did not add more at the time. 

[Barny]

Into BIL today at 25200.

[HDB]

What are the chances of Vod being taken over 100% by Vodaphone uk in next 6 months????

 

shorted VOD CFDs to hedge my long position. Bloody annoying. Thought we turned the corner..

[delta66]

News on Fin24 stated that auto sales up by 19.5% since last April. Perhaps MTA will react to this.

cautiously optimistic we'll see R40+ by end year or with some luck perhaps earlier.

[orca]

News on Fin24 stated that auto sales up by 19.5% since last April. Perhaps MTA will react to this.

[franz]

 

Put my thinking cap on and decided that R28K expenses with selling and buying back in is not worth it. Probably as always will miss the bottom and loose more. We have lived through many bad news and May months since the crash and survived.
Since there is no repeat of a major Lehman Bros scenario, I will just stay in.

 
Stay in...also divis for CML comming up soon