I see AXL has just dropped the cautionary - no more deal on the go
Interesting this new management team promised to let shareholders know what their strategy is before the end of Quarter 1 - well 31 March was 12 days ago
I cannot foresee them doing many deals better than buying back their Preference Shares (AXLP) - Nominal of R86 - they can pick them up at R34 - that is a book profit of 152% and less future dividends to pay.
[ For R90m odd they can buy back 20% of the Prefs and make R140m profit !!!!!! ]