87 replies to this topic

[Saints]

We have recently seen the Canadian partner take a larger stake in the company with the local directors selling off large portions of their shareholding to facilitate this transaction. Despite the run in the price associated with a potential de-listing this share has not done anything for shareholders. Can the Canadians turn the business around or is this a potentially great share that went south? I was excited about the vaccines side of the business but that does not seem to excite investors either.

[Goliath]

what did I tell you?  I'm still a nervous wreck though.  I would've been much

better off with Aspen a year ago but the sky-high prospects of Litha lured me in. 

Now I'm waiting for this one to take off.  Could still take years.

Possibly, but the Canadian partner and their controlling stake definitely bodes well for them, happy to hold for now

[HendrikB]

I see Litha creeping up on the R3 mark, slowly but surely!

 

what did I tell you?  I'm still a nervous wreck though.  I would've been much

better off with Aspen a year ago but the sky-high prospects of Litha lured me in. 

Now I'm waiting for this one to take off.  Could still take years.

[gamma]

I see Litha creeping up on the R3 mark, slowly but surely!

 

Its at R3 but on weak volume. 

 

good omen though. lets hope it is sustained. 

 

I'm ready to get back in...now all I need is some free capital!

[Goliath]

yup, i hope they get crackin now and unlock the potential.

 

I see Litha creeping up on the R3 mark, slowly but surely!

[HendrikB]

And also Paladin probably wanted control over company.. and has done so now

 

yup, i hope they get crackin now and unlock the potential.

[Goliath]

Blackstar is not a passive investor and decided to sell the remainder of its

shares given it was no longer directly involved in the business. 

 

And also Paladin probably wanted control over company.. and has done so now

[HendrikB]

Blackstar is not a passive investor and decided to sell the remainder of its

shares given it was no longer directly involved in the business. 

[gamma]

SENS today:

 

LITHA HEALTHCARE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/006371/06)
Share code: LHG
ISIN: ZAE000144671
(“Litha” or "the company")

DISCLOSURE OF SIGNIFICANT HOLDING OF LITHA ORDINARY SHARES AND
CHANGE OF BOARD MEMBERS

In accordance with the JSE Limited Listings Requirements and
Section 122 of the Companies Act 2008, shareholders are advised of
the following:

Paladin Labs Inc has increased its holding in the company from
242 174 123 (44.5%) to 313 782 748 (57.7%). The additional shares
were purchased from Blackstar Group SE (“Blackstar”).

As a result, Mr. Andrew Bonamour and Mr. William Marshall-Smith
from Blackstar have resigned from the board of Litha with effect
from the 29 August 2013. Blackstar played a pivotal role in the
listing of Myriad Medical Holdings Limited (“Myriad”) on AltX in
2006 and were the initiators of the purchase of Litha Healthcare
Holdings Proprietary Limited in which enabled Myriad to transfer
to the Main Board of the JSE, changing its name to Litha
Healthcare Group Limited in 2010. They were also key role players
in the acquisition of Pharmaplan Proprietary Limited in 2012. We
thank them for their commitment and expert contribution during
these vital years in Litha’s growth.

 

Good or bad?

 

Not sure...

Could be a sign that Blackstar does not see favourable prospects going fwd. Why else would you sell something. unless they really had to.

[Goliath]

SENS today:

 

LITHA HEALTHCARE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/006371/06)
Share code: LHG
ISIN: ZAE000144671
(“Litha” or "the company")

DISCLOSURE OF SIGNIFICANT HOLDING OF LITHA ORDINARY SHARES AND
CHANGE OF BOARD MEMBERS

In accordance with the JSE Limited Listings Requirements and
Section 122 of the Companies Act 2008, shareholders are advised of
the following:

Paladin Labs Inc has increased its holding in the company from
242 174 123 (44.5%) to 313 782 748 (57.7%). The additional shares
were purchased from Blackstar Group SE (“Blackstar”).

As a result, Mr. Andrew Bonamour and Mr. William Marshall-Smith
from Blackstar have resigned from the board of Litha with effect
from the 29 August 2013. Blackstar played a pivotal role in the
listing of Myriad Medical Holdings Limited (“Myriad”) on AltX in
2006 and were the initiators of the purchase of Litha Healthcare
Holdings Proprietary Limited in which enabled Myriad to transfer
to the Main Board of the JSE, changing its name to Litha
Healthcare Group Limited in 2010. They were also key role players
in the acquisition of Pharmaplan Proprietary Limited in 2012. We
thank them for their commitment and expert contribution during
these vital years in Litha’s growth.

 

Good or bad?

[flexbender]

Considering adding more LHG or getting into APN.

Litha - More risky but much larger potential here. Tuesday volumes were staggering! Something brewing. Looking forward to sens from them. 

Aspen - Recent pull back. Quality, quality share! Good divi. Safer play.

 

Likely to add both to be honest...

 

 

HB, I sold my ACTs about 3 months ago. To stagnant.

Option to replace it with some MFL and also ADT has served me well.

 

[Jonny]

I'm all in at R2.97, still have faith in this one.. slightly losing faith in Afrocentric!

Got in at R2.86 not too long ago. Was regretting it for a while afterwards, but that might change.

[Goliath]

 If not today, I think R3 will be broken in the next couple of days.

 

I'm all in at R2.97, still have faith in this one.. slightly losing faith in Afrocentric!

[HendrikB]

HB, if it makes a confident move through the R3 level I'll look to get back in.

 

 If not today, I think R3 will be broken in the next couple of days.

[gamma]

over 71 millions shares traded on Tuesday.  That is about R200 million rand.  Something up here.

 

HB, if it makes a confident move through the R3 level I'll look to get back in.

[HendrikB]

over 71 millions shares traded on Tuesday.  That is about R200 million rand.  Something up here.

[Goliath]

Still holding on to this one, getting better but not going to shoot the lights out soon I think (Mix & Poy pops to mind)

[HendrikB]

Looks like Litha is turning the corner.  Very positive Q2 statement just out.  SP will react positive.

[Saints]

Great to see small investors buying back in to this share and the price climbing steadily. I am glad I added more to my holdings during the weakness. Not sure what price will be achieved in this period restoring back to where it came from before the delisting announcement.

[gamma]

Personally, I don't expect too much from Q2 results.  Rand weakness is hitting Litha hard as seen in Q1 results. 

 Thanks HB. Will definitely not be getting in before.