320 replies to this topic

[Mr_SA]

I have no idea where the selling is coming from. I heard through the grapevine about great estimates for 2014/2015. That said... its a small company and anything can happen.

 

Wish i could also get hold of your "grapevine"!

[HendrikB]

I have no idea where the selling is coming from. I heard through the grapevine about great estimates for 2014/2015. That said... its a small company and anything can happen.

[shelddy]

Has Torre not  been knocked recently due to shareholders cashing in on some of their options to sell shares (Profit Taking).

Anything below R2.30 looks attractive as the decline will be short term.

 

Think i will be adding some more to my portfolio.

 

Does anyone have an idea on how much the current ongoing strike might be affecting them in terms of new orders and their services segment?

[Mr_SA]

Has Torre not  been knocked recently due to shareholders cashing in on some of their options to sell shares (Profit Taking).

Anything below R2.30 looks attractive as the decline will be short term.

 

Think i will be adding some more to my portfolio.

Edited by Mr_SA, 14 May 2014 - 02:23 PM.

[Goliath]

Added Torre Industrials to my portfolio today. Some really big news on the horizon... long-term hold.

 

Also interested to hear, come Hendrik, sharing is caring!

 

Thinking of adding some if it drops to around R2,10-ish, don't know much about this one though so will have a look and decide..

Edited by Goliath, 14 May 2014 - 01:51 PM.

[Goliath]

Any idea why the price of Torre has been on the decline?

 

I think it's normal after a bit of an hype like this share has had (look at Poynting and Mix Telematics for instance) and it's a smallcap so I wouldn't worry at this stage if I where you, ride it out.

[JLFB]

Any idea why the price of Torre has been on the decline?

No idea, but it opens up a buying opportunity.

[OreoRaider]

Any idea why the price of Torre has been on the decline?

[Queen B]

Picked up some TOR at R2.35 yesterday

WSL seems to be finally waking up from its slumber. Its been dormant for a few months but heading in right direction again.

Took a gamble on ESR and got in at 36c. Have made a decent return here.

Also took a gamble on PPE. Got in at 42c, but this one has hurt

[michaessers]

Hendrick, care to share that news?

[HendrikB]

Added Torre Industrials to my portfolio today. Some really big news on the horizon... long-term hold.

Edited by HendrikB, 05 May 2014 - 01:02 PM.

[Sugafoot]

Wescoal down some 7% today.

Anyone know why? 7% is rather a big drop
Very muted share movement over last two months

[Goliath]

Strange that this share didn't tank much lower, but think it'll go sub R10.. little bit of a prediction there! Hope no one holding this one!

[Sugafoot]

Oh my!!! Pinnacle case details

Court documents reveal alarming details of how Pinnacle Technologies executive Takalani Tshivhase tried to score a R1.6bn contract before allegedly offering a R5m bribe

Share Article:

COURT documents filed this week revealed alarming details of how Pinnacle Technologies executive Takalani Tshivhase tried in many ways to score a R1.6bn contract before allegedly offering a R5m bribe.

This comes as the Financial Services Board confirmed it is launching a formal investigation into possible insider trading by Pinnacle’s directors.

Tshivhase allegedly met police Lieutenant-General Bonginkosi Ngubane at the Palazzo Hotel at Montecasino, Johannesburg, on January 16 last year, and offered him R5m to ensure Pinnacle won a R1.6bn tender to provide police with Max ID terminals.

These Max ID mobile terminals match fingerprint data with a police database of suspects, and can also be used to see if vehicles are stolen.

Tshivhase was arrested on March 5 on bribery charges. But before Pinnacle revealed details of his arrest to the market, Tshivhase sold shares worth R4m, Pinnacle CEO Arnold Fourie sold shares worth R23m, and executive director George Wiehan sold stock worth R2.7m.

Only then, after Techcentral broke the news, did Pinnacle inform the market, which led to the company’s stock losing 43% of its value in two days.

Solly Keetse, the FSB’s head of market abuse, said the regulator received a report from the JSE this week on the Pinnacle matter, and lodged the case for formal investigation. JSE listing rules state clearly that a director may not deal in a company’s shares “at any time when he is in possession of unpublished price-sensitive information”.

Pinnacle has argued that its lawyers said it needed to disclose details of the case only once “a charge was formally made” against Tshivhase.

But documents filed in the Pretoria Specialised Commercial Crimes Court this week, and obtained by Business Times, say Tshivhase offered the bribe only after Ngubane spurned earlier, more subtle bids to butter him up.

In a sworn statement dated last November, Ngubane said that Tshivhase met him at the police headquarters to discuss the tender.

“[Tshivhase] said he had a house in George, and if I wanted to stay there during the December period I was welcome to use it. I did not accept Tshivhase’s offer,” he said.

In the statement, Ngubane also detailed the crucial meeting at the Palazzo Hotel on January 16, where Tshivhase allegedly offered the bribe.

Over dinner, Tshivhase had first complained to him that “in the past, around this time of year, he normally got a lot of business from the SA Police Service, but that nothing was forthcoming”.

Ngubane’s statement said: “[Tshivhase said that] if I allowed certain things to happen, it will be financially beneficial to me. Tshivhase then went on and offered me an amount of R5m if I ensured the SA Police Service procured the remaining 3 000 Max ID terminals from Pinnacle through him.

“I was quite shocked, and my heart just sank as it confirmed to me that this was what Tshivhase had been doing successfully. I went on listening, and did not say anything about his offer.”

Ngubane said Tshivhase “had some wine during dinner, but he was quite sober and in his sound mind and senses when he made this offer to me”.

Two days later, Ngubane met police commissioner Riah Phiyega, and reported the bribe. “We all agreed that I report [the offer] to the Hawks.”

Though Tshivhase has not yet filed any defence to the charges, he said the claims made were nonsense.

But the court documents also raise serious questions over the previous tender Pinnacle won to supply 1 000 Max ID terminals to the police.

That tender was awarded by Ngubane’s predecessor, but Ngubane said he was unhappy about this as the process seemed “improper”. “There was also no competitive bid process relating to the procurement of the Max ID terminals, and SAPS were overcharged because we paid more than double” what Pinnacle had paid, he said.

Ngubane said another technology firm showed him an invoice showing they had bought a Max ID terminal for R23 000 when the police paid R54 000 for the units.

Fourie said the unit bought by the firm was secondhand and stripped-down and therefore cheaper.

This week, Tshivhase appeared in court, but his lawyers asked for more time to prepare a defence.

Magistrate Nina Setshogoe postponed the case until July 2, but said no further extensions would be granted.

Outside court, a source close to Tshivhase said the prosecution “had no case”. “Why did they take so long to report this case? Why did we only hear about this more than a year later?” he asked.

Instead, said the source, the policeman who made claims against Tshivhase had himself favoured one of Pinnacle’s rivals for the tender.

Hawks spokesman Paul Ramoloko dismissed this claim immediately, saying the case wouldn’t be in court if “there was nothing there”.

Ramoloko said the court dockets were a mere framework of what the prosecution had in terms of evidence.

• This article was first published in Sunday Times: Business Times

[seesider]

I am monitoring dmc quite a bit, looks like they have everything under control with solid prospects. Will dig deeper though tonight to see what I find, thanks for the tip.

[Shortboy]

So I'm holding these smallcaps presently:

 

CGR ( holding LT)

GPL ( holding LT)

DGC (got in today)

ADI ( offloading soon)

MIX ( offloading soon)

 

What other smallcaps are people holding or are looking at getting? Santova seems interesting and a pullback from hulamin will see me get in there too. Whats the next gem in yours guys eyes? (dont say MRI )

Have a look at ISA and DMC - ISA will benefit from POPI law, DMC is well on track to producing its first diamonds in nearly 100 years from an old and proven de Beers diamond pipe just outside Kroonstad - not in DRC, good transport, no labour issues and producing sales from its old tailings dump already (my buddy and I are into DMC for R200k and looking for 1000% return)

[Goliath]

So I'm holding these smallcaps presently:

 

CGR ( holding LT)

GPL ( holding LT)

DGC (got in today)

ADI ( offloading soon)

MIX ( offloading soon)

 

What other smallcaps are people holding or are looking at getting? Santova seems interesting and a pullback from hulamin will see me get in there too. Whats the next gem in yours guys eyes? (dont say MRI )

Why offloading MIX? My favourite smallcap as yet, want to add CGR and GPL.. took punt at RBA and sold my Litha with a knock (should've perhaps waited for delisting..) and added that to my Arrowhead B shares.

[seesider]

So I'm holding these smallcaps presently:

 

CGR ( holding LT)

GPL ( holding LT)

DGC (got in today)

ADI ( offloading soon)

MIX ( offloading soon)

 

What other smallcaps are people holding or are looking at getting? Santova seems interesting and a pullback from hulamin will see me get in there too. Whats the next gem in yours guys eyes? (dont say MRI )

[rawkus]

I think ESR is worth looking into and SOH and WNH

Edited by rawkus, 26 February 2014 - 12:52 PM.

[Queen B]

HLM taken a bit of a beating the past week

Strange, as I though their SENS this week was pretty positive