886 replies to this topic

[Naxy]

The volume was a bit high today, what was that all about?

[LWVi]

Results of the rights offer...

 

http://data.moneyweb...s.asp?id=230258

 

 

[ponzi]

Well constructed lay out from BS...

[battleship]

Where are we?

1     option offer poorly accepted.37mill adwn shares at 1c and no takers.This means that mvdm buys our options at8c.IE less shares go into circulation.IE director/investor holdings more to directors.

2     The confirmation of the Knife purchase is good news as they can now stop being cagey on things and declare what the vision is.

3     IE the new top brass take max shares for cheap and launch out.

4     Though disappointed I could not sell my options the lesser amount of shares should improve share value

5     All in all I believe the share will rise from here

[Queen B]

I'm going to be selling my rights

There is no advantage in taking them up. Crazy situation

[Naxy]

So taking up this offer basically means u buy additional shares for 8c? and What value will this add?

[LWVi]

If I want to take up additional rights, do I ask my broker to arrange?

[ponzi]

Don't bargain on a lower price! The Cautionary may yield something.   

[GDP]

Yes with a great chance of buying on open market after the offer for less than 8c!

[Taurus]

approx 15 million rights offers for sale and no takers. Seems a few people do not really see the benefit of the offer.

[GDP]

Guys, what are you doing here. In two minds as I am in for long term and have/will "lost/loose" quite a bit if I sell now??

[ponzi]

We will have to wait and see. How management will create and unlock value is key. Success will not be by default. The latest cautionary; Elite - what do you think? I think it is a gamble but possibly worth while as long as we can depend on the team driving the business.

Personally I think it is worth to take a shot - 8/10 cents per share at this stage? 

[Taurus]

At this stage a zero game for the minority shareholder but still a few days to go.... Maybe there will be some spice added to make it worthwhile for those who have been with ADW all the way.

[battleship]

The fact afdawn is in cautionary again is positive as they appear to be making a deal(hopefully a good one).A volume of 1,3m shares today and similar yesterday implies something is happening.however the 8c/9c trading price is a let down as I will soon be able to buy about 1million shares at 8c when I can buy them today at 8c.

The shares should be trading at 10/11/12c to make the option attractive.At present,this is not happenning

[Goliath]

I am also undecided whether to take the offer or not

Willing to take a punt on it but just not enough info out there to go on a limb just yet, rather wait for something definitive (like with Finbond for instance when they received their licence = shot it through the roof from there on forwards)

 

Will wait a bit and see before I take a leap here..

[Naxy]

I am also undecided whether to take the offer or not

[ponzi]

I think the future share price will be a function of new business activities. Maybe 15 cent per share by the end of the year.     

[LWVi]

I am unsure as to how well ADW is geared to change their business model from lending to venture capital - I just don't see that change + good results happening quickly?! On the other hand I do belief that the bunch from Knife Capital is a good bunch which is geared well as far as their systems and processes are concerned. I haven't read widely about KC, but I could only found  "news-like" publicity on them...none negative though.

 

"battleship: The negative is that since its trading at 8c(the offer price) you really don't feel you are getting any preferential  treatment by having hung on for so long" - I couldn't agree more, but looking at fundamentals the 8c still seems to be a fair price...right?

 

I have been in ADW so long, I think I prefer to rather stay positive about the new developments - I mean the stage is set for something to happen and to me it looks more positive than negative!

[battleship]

The positives are that the new people involved must be going into it with a positive plan and the fact that mvdm has bought in quite big.

The negative is that since its trading at 8c(the offer price) you really dont feel you are getting any preferential  treatment by having hung on for so long.

It is almost as if Afdawn does not want  shareholders to take their option.

I am still undecided?????

[LWVi]

I gather the first communication regarding the rights offer is out?! A friend of mine is with Investec and he received his email this morning - last date of trade is 13 March 2014. I am with ABSA and I haven't received anything yet...

 

I guess it's time to decide if you want/should increase your stakes or not...

Edited by LWVi, 07 March 2014 - 12:57 PM.