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#881 HDB

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Posted 31 May 2013 - 10:43 AM

Taurus with all due respect, 2 things you should concern yourself with a cash shell!!

 

1. The dilution effect when they acquire a business or with a reverse takeover.

 

2. The cycle for investments. We are at the top of the cycle and any new business opportunities will be at a hellva premium. So  I believe these guys will be overpaying for any new business opportunities and you will be stuck in here for good!!

my 2c


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#882 Taurus

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Posted 31 May 2013 - 10:27 AM

Hey there Taurus,

 

My suspicion is that the guys who bought ADW have something up their sleeve .... Only time will tell what it is.

As you say, they've reduced it to a cash shell.

 

They would've done their homework regarding salaries and I think an aquisition in the next 6 months to 1 year is not out of the question depending on which cash resources they are linked to.

 

They are however going to face a huge challenge .... It's a terrible time to be claiming market share.

 

I'm going to wait and see what they are up to and if they re-win my trust, I may dip into them.

 

My time frame will be 1 - 2 years.

 

Cheers

Well they do. But it seems difficult what it will exactly because is formulated vague. The technical and formal requirements for this transition are very strict so they cannot open up in detail due to rules and regulations. But if you look carefully it is worth a small investment because the possible gain is huge. If you invest R4000 at this stage it is all or nothng because 7cent per share is the value of the cash shell and it will cost more that 35million to set up a new public listed company.

My two cents.

And yes I have put some money into it because I trust this story. And I will keep my shares because I believe they will create a high dividend share in the long term.

 

Joost


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#883 buylow

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Posted 30 May 2013 - 06:01 PM

Hey there Taurus,

 

My suspicion is that the guys who bought ADW have something up their sleeve .... Only time will tell what it is.

As you say, they've reduced it to a cash shell.

 

They would've done their homework regarding salaries and I think an aquisition in the next 6 months to 1 year is not out of the question depending on which cash resources they are linked to.

 

They are however going to face a huge challenge .... It's a terrible time to be claiming market share.

 

I'm going to wait and see what they are up to and if they re-win my trust, I may dip into them.

 

My time frame will be 1 - 2 years.

 

Cheers

 


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#884 Taurus

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Posted 30 May 2013 - 01:19 PM

Hi there Taurus,

 

I made a good profit on ADW a few years ago., but as soon as the share price turned south, I bailed.

You got to be ruthless in this game or you will lose bigtime.

 

There was lot of hype and optimism about surrounding them because they were new in the finance game.... Problem is that they crashed badly in 2008 and also made some bad loans to some small players. I hope they learn from their mistakes.

 

My advice is, be patient .... You can end up being locked into this company for a long time before you see a turnaround. Blue (BFS) is another one to be careful of .... Great promises, but long in delivering.

 

Do your own homework, read the charts, check out what their balance sheet says and listen to the guys with experience on this forum (and out there) who have earned the stripes. After reading some of the comments, you will know who the guys with experience are.

 

Some of the guys on this forum (who I respect) referred to ADW as a bad dog share on life support

 

I found this link.... check it out.

 

 

All the best and if you've invested in them, I trust it pays off...

Hi,

thank you for the input. Interesting indeed. Have you noticed that they have reduced ADW to a cash shell? They say to change direction and go into investing in high growth start-ups. "angel capital for Africa". Do you think R35 million that they have is doing anything here besides keep them afloat for 6 month of salaries if at all. So there must be a miracle of cash be infused to so. Or do think the ventures they buy into will accept a penny share in exchange?


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#885 buylow

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Posted 30 May 2013 - 11:13 AM

Hi there Taurus,

 

I made a good profit on ADW a few years ago., but as soon as the share price turned south, I bailed.

You got to be ruthless in this game or you will lose bigtime.

 

There was lot of hype and optimism about surrounding them because they were new in the finance game.... Problem is that they crashed badly in 2008 and also made some bad loans to some small players. I hope they learn from their mistakes.

 

My advice is, be patient .... You can end up being locked into this company for a long time before you see a turnaround. Blue (BFS) is another one to be careful of .... Great promises, but long in delivering.

 

Do your own homework, read the charts, check out what their balance sheet says and listen to the guys with experience on this forum (and out there) who have earned the stripes. After reading some of the comments, you will know who the guys with experience are.

 

Some of the guys on this forum (who I respect) referred to ADW as a bad dog share on life support

 

I found this link.... check it out.

 

 

All the best and if you've invested in them, I trust it pays off...

 

 


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“In the short run, the market is a voting machine but in the long run, it is a weighing machine.” ― Benjamin Graham

#886 soutie

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Posted 30 May 2013 - 08:58 AM

If you look at the caliber of people on the new board one should have more confidence. To me the whole thing looks like a reverse take-over. Then there is KnifeCapital in the background to be injected and maybe some more leftovers from the HBD Shuttleworth imperium. I just can't believe that the brains that suddenly appear on the board of Afdawn do this when there is no perspective.

I will buy now before it will be suspended from trading.......

If Tiger Woods joined the board of Ping clubs would that entitle me to a 3 way...? :D

 

Like other celebs maybe it's for appearance money.


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Anyone need a heads up...!


#887 Taurus

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Posted 30 May 2013 - 08:25 AM

Jeesh really Taurus? You wanted opinions, you got it! You don't see all the other forumites go off like this when they've made some bad choices, me included.. but anyways, think we've answered your questions, good luck with your decision!

Sorry I did not intend to be rude or offend. I do really honer your opinion and it helps me to get the perspective right. Sometimes it is difficult to see things as the are and not to project your wishes into it. But I don't mind to make mistakes as long as I can live with the consequences. 


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#888 Goliath

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Posted 30 May 2013 - 08:13 AM

And if I wanted to sell something, I would come with free nike trainers, irresistible valuable cheap jewelry and super discounted viagra, please no offence to the spammers.

Jeesh really Taurus? You wanted opinions, you got it! You don't see all the other forumites go off like this when they've made some bad choices, me included.. but anyways, think we've answered your questions, good luck with your decision!


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#889 Taurus

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Posted 29 May 2013 - 09:43 PM

You're really trying to sell this one? I had a look through their financials, at this point it is really just a punt Taurus, unless there is really something big I'm missing apart from what your saying..

And if I wanted to sell something, I would come with free nike trainers, irresistible valuable cheap jewelry and super discounted viagra, please no offence to the spammers.


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#890 Taurus

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Posted 29 May 2013 - 09:00 PM

You're really trying to sell this one? I had a look through their financials, at this point it is really just a punt Taurus, unless there is really something big I'm missing apart from what your saying..

Sorry,

I might be wrong but if I look at the change of board this morning these people have credentials and a future. It cost about R90milion to list a company on the JSE. This old piece of **** of Afdawn has cost them R40milliion to buy in share value but they need to maintain the 20% public float. Maybe I missed something here. That is why I ask for a second and third opinion. If this is real what I am smelling here it is a story you will remember. 


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#891 Goliath

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Posted 29 May 2013 - 08:30 PM

I contacted them and they did not respond. No matter. Remember they are a public entity. A veto of a few shareholders is the key to the their future....it is arrogance before the fall. Not that I pray for that because my few cents would go down and they still have their bid cars and houses and be fine. But they need us to get richer and need to understand that. Not that I need that. I have wood, gas and a parafine light. And I am happy because I have no obligations besides myself.

You're really trying to sell this one? I had a look through their financials, at this point it is really just a punt Taurus, unless there is really something big I'm missing apart from what your saying..


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#892 Taurus

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Posted 29 May 2013 - 07:54 PM

And yo got to do the research got yourself. Don't buy big. If you invest in a 1000 to 2000 shares you will see and get rewarded. Here the people behind it:

http://www.knifecap.com/about-us.php

 

enjoy,

 

Joost

I contacted them and they did not respond. No matter. Remember they are a public entity. A veto of a few shareholders is the key to the their future....it is arrogance before the fall. Not that I pray for that because my few cents would go down and they still have their bid cars and houses and be fine. But they need us to get richer and need to understand that. Not that I need that. I have wood, gas and a parafine light. And I am happy because I have no obligations besides myself.


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#893 Taurus

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Posted 29 May 2013 - 06:40 PM

And yo got to do the research got yourself. Don't buy big. If you invest in a 1000 to 2000 shares you will see and get rewarded. Here the people behind it:

http://www.knifecap.com/about-us.php

 

enjoy,

 

Joost

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#894 Taurus

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Posted 29 May 2013 - 04:57 PM

All the best, not for me at this stage but if you're right I'll be jealous! :)

When they got their public spread of 20% and 300 shareholders right they will suspend trading with precautionary announcement. I can imagine that you will get 1 KnifeCapital share for every 100 ADW. But who knows......


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#895 Goliath

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Posted 29 May 2013 - 03:42 PM

If you look at the caliber of people on the new board one should have more confidence. To me the whole thing looks like a reverse take-over. Then there is KnifeCapital in the background to be injected and maybe some more leftovers from the HBD Shuttleworth imperium. I just can't believe that the brains that suddenly appear on the board of Afdawn do this when there is no perspective.

I will buy now before it will be suspended from trading.......

All the best, not for me at this stage but if you're right I'll be jealous! :)


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#896 Taurus

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Posted 29 May 2013 - 03:20 PM

Wait for a definite turn-around that is shown in their results and not in promises, currently its a big punt till proven otherwise.. Too much such companies making such promises! That's my opinion..

If you look at the caliber of people on the new board one should have more confidence. To me the whole thing looks like a reverse take-over. Then there is KnifeCapital in the background to be injected and maybe some more leftovers from the HBD Shuttleworth imperium. I just can't believe that the brains that suddenly appear on the board of Afdawn do this when there is no perspective.

I will buy now before it will be suspended from trading.......


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#897 Taurus

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Posted 29 May 2013 - 01:50 PM

Well, here we go. Some changes. Now I wait for some capital to be invested. Leverage. The share is now with a negative PE. Can't get much cheaper unless the start diluting and issue more shares but that makes no sense to me. If you want to collect capital from investors sure a penny stock has not the right reputation to do that. They must restructure to cross the R1. Maybe buy some of the shares back cheaply and issue options for staff and management.

But I will wait to see what happens and get in when it starts climbing through the 20 cent barrier. 

African Dawn Capital Limited
Incorporated in the Republic of South Africa
(Registration Number:1998/020520/06 )
JSE share code: ADW
ISIN: ZAE000060703
(“Afdawn” or the “company")
CHANGES TO THE BOARD
In terms of paragraph 3.59 of the Listings Requirements of the JSE Limited, the board of Afdawn wishes to advise of the following changes to the board of directors which are in line with the ongoing operational and strategic repositioning of the company. This is another step towards the new announced vision of becoming an active investment holding company and these appointments are building capabilities to enable the vision. The Board will pursue a re-engineering phase that will see the establishment of a platform based on capabilities, resources and entrepreneurial acumen. The Board members have the strategic skills to evaluate proposals of the acquisition of new investments, consider management’ endeavours towards adding value to these investees as well as the strategic ability needed to guide the tactics of unlocking of value.
APPOINTMENTS TO THE BOARD
Afdawn wishes to announce the following appointments:
WENDY (“WENDY”) LUHABE as independent non-executive director, effective immediately and who will be appointed to the audit committee of the company.
Wendy is a social entrepreneur activist who has extensive board experience in Corporate Strategy, Marketing, Corporate Governance and Human Capital Development in both the private and public sectors. Wendy was recognised by the World Economic Forum in Switzerland as a Global Leader for Tomorrow, the Osaka Junior Chamber in Japan as an Outstanding Young Person and by Unisa Business School in South Africa for Leadership in Practise. She was featured in a Sunday Times survey as one of South Africa’s 20 most powerful women she was also honoured as one of 50 Leading Women Entrepreneurs of the World. She is a recipient of 3 honorary doctorates and a member of the International Council of Business Women Leaders initiated by Ms Hilary Clinton, on the Economic Empowerment of Women. She is currently an advisor to The Big Break Legacy TV production, an initiative to make South Africa an Entrepreneurial nation. She is also on the Supervisory Board of the IMD business school in Lausanne, Switzerland
VANYA (“VANYA”) LESSING as independent non- executive director, effective immediately and who will be appointed to the audit committee of the company.
Vanya is the CEO of the Sure Travel Group; she is also the Vice-President of (Association of South African Travel Agents). In this position Ms Lessing was responsible for looking after the broader interests of the travel industry, liaising and negotiating with many Government and world body travel organizations. This was
a time of change management for the travel industry, in that a new business model was introduced. Ms Lessing led travel companies and suppliers through a series of sensitive negotiations, resulting in a successful transition to the new model. Board positions held during this period were ASATA, Tourism Business Council of South Africa, THETA (now Cathsseta) and the United Federation of Travel Agents Associations (global body) Vanya has extensive experience in collaboration interaction with related SMEs and expediting turn-around strategies. The Sure Group has more than 100 franchisees. Her strong negotiating abilities will bring ‘on the ground’ expertise to the Board.
KEET (“KEET”) VAN ZYL as independent non-executive director, effective immediately.
Keet is a ‘Venture Catalyst’ with extensive high-growth investment experience. He structured various private equity funds in Southern Africa for a US fund-of-funds investor and worked in growth finance at industry-leading companies such as Procter & Gamble, Investec Bank and Here Be Dragons (HBD) Venture Capital – the fund managers behind SA internet billionaire Mark Shuttleworth's successful venture capital fund. He co-founded growth equity fund manager: Knife Capital (where he is a partner and board member of various portfolio investments) to fund and support knowledge-enabled entrepreneurs. Keet is passionate about building the early-stage funding ecosystem in Sub-Saharan Africa. He co-founded business angel investment group AngelHub as well as the new Grindstone business accelerator that will assist SA technology SMEs to become sustainable and fundable. Keet
has expansive experience in the total Venture Capital value chain and will bring VC experiences and skills that will reduce risk and improve desired outcomes in line with the new vision of the company. The appointment of Keet van Zyl also establishes a bilateral relationship with Knife Capital that will result in strong operational synergies between the entities.
The board wishes Wendy, Vanya and Keet well in their new roles with the company. The additional technical and financial skills which they bring will benefit the company as it progresses in implementing its growth strategy.
RESIGNATION FROM THE BOARD
Mrs Lynnette (“Lyn”) Taylor, resigns as an independent non-executive member the board effective immediately.
The board wishes to thank Lyn for her valuable contribution to the board and the company during her tenure on the board.
Johannesburg
29 May 2013
Designated Advisor
Sasfin Capital
(a Division of Sasfin Bank Limited)

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#898 Taurus

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Posted 29 May 2013 - 12:21 PM

Well, here we go. Some changes. Now I wait for some capital to be invested. Leverage. The share is now with a negative PE. Can't get much cheaper unless the start diluting and issue more shares but that makes no sense to me. If you want to collect capital from investors sure a penny stock has not the right reputation to do that. They must restructure to cross the R1. Maybe buy some of the shares back cheaply and issue options for staff and management.

But I will wait to see what happens and get in when it starts climbing through the 20 cent barrier. 


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#899 Goliath

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Posted 28 May 2013 - 10:20 PM

Wait for a definite turn-around that is shown in their results and not in promises, currently its a big punt till proven otherwise.. Too much such companies making such promises! That's my opinion..
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#900 Taurus

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Posted 28 May 2013 - 11:56 AM

Please guys, help me here...I am looking for some more meat. Has anybody the current shareholder distribution and some info on the background of the new management. I have seen the past and that was bleak but I can't believe some new people getting on board without a perspective of a lucrative turnaround.

 

Joost


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