ABIL
#1
Posted 23 June 2017 - 04:56 PM
#2
Posted 09 June 2017 - 11:42 AM
SyndiN
remember AXL is a cash shell at NAV of around 40c - so only downhill from here - why would you pay more for cash than cash - dont get caught up by all the hedge funds who are ultimately long AXLP and and AXL to ensure that the directors look after the AXLP rights as minorities !
#3
Posted 09 June 2017 - 10:46 AM
Anyone got any good news regarding African Phoenix Investments? Feels like they going no where?
Any views or info?
#4
Posted 12 April 2017 - 01:12 PM
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 !!!!!! ]
#5
Posted 12 April 2017 - 01:12 PM
1
Edited by Alpha 101, 12 April 2017 - 01:14 PM.
#6
Posted 12 April 2017 - 01:12 PM
1
Edited by Alpha 101, 12 April 2017 - 01:13 PM.
#7
Posted 08 March 2017 - 01:46 PM
AXL cautionary - If they have got money for acquisitions, then surely they've got money for preference share dividends?
There lies a small problemos - so what if the directors buy assets with the cash and these assets then go sour - or do not have enough income from the assets to pay the Pref dividends over time - then one coudl say that the directors acted recklessly !!!!
I see some litigation coming on
Remember - the acquisition has not happened yet !!
I also saw that of the R1.8bn cash on the consolidated BS of Stangen - only R300m is in AXL - teh other R1.5bn is still in STANGEN - so they can only spend R300m !!
They also cannot issue shares - shareholders cleverly voted against this at the AGM
#8
Posted 08 March 2017 - 09:43 AM
AXL cautionary - If they have got money for acquisitions, then surely they've got money for preference share dividends?
#9
Posted 02 March 2017 - 11:30 AM
Remember - You make the option to invest in a company . Even the professionals have tough times explaining why their portfolio is doing poor . Been on it for 2 years and the major loss i occur was Lonmin (live and learn) - but there is some companies that shine in the silver lining . 2016 was the worst so don't expect traders to be happy wasting money away - They are more cautious in their investments these days ...well some
Edited by HighRiskGain, 02 March 2017 - 11:31 AM.
Unseen lobster
#10
Posted 02 March 2017 - 11:24 AM
A gamble - I just traded for high volumes
01/03/2017 1,940,484
28/02/2017 5,660,999
27/02/2017 8,220,502
24/02/2017 7,611,470
23/02/2017 4,518,602
22/02/2017 66,515,148
21/02/2017 12,146,367
20/02/2017 45,473,407
Edited by HighRiskGain, 02 March 2017 - 11:25 AM.
Unseen lobster
#11
Posted 02 March 2017 - 11:23 AM
Alpha101 is right - even though he/she likes "!!!!"
For it being 72 cent just the other day : that is just huge volume trade
For future : The plans is still being made
A gamble - I just traded for high volumes
Unseen lobster
#12
Posted 02 March 2017 - 11:22 AM
So many 'Einsteins' and Doomsayers in this forum, they even said these shares are worth 0c yet they reached 72c the other day...
Alpha101 is right - even though he/she likes "!!!!"
For it being 72 cent just the other day : that is just huge volume trade
For future : The plans is still being made
Unseen lobster
#13
Posted 02 March 2017 - 08:55 AM
So many 'Einsteins' and Doomsayers in this forum, they even said these shares are worth 0c yet they reached 72c the other day...
#14
Posted 01 March 2017 - 01:25 PM
Thanks Highriskgain
At least now we know your source - unfortunately those calculations done by sharedata or most brokers are never accurate when a company goes through major change ! - and are best used as proxies before doing your own work. I for one will never buy/sell without checking allSENS announcements - in case like this case - you miss something when you are on holiday or similar !
You always have to do your own work - hopefully we all learnt something today - the numbers I provided for you below are the latest decalendarised numbers using latest information available
i.e. a PE of around 10x and a PB of around 1.5x
Now that you have new information - you might want to reassess your positioning
Not sure as i sold out on 70cent - previous post
Unseen lobster
#15
Posted 01 March 2017 - 12:07 PM
Thanks Highriskgain
At least now we know your source - unfortunately those calculations done by sharedata or most brokers are never accurate when a company goes through major change ! - and are best used as proxies before doing your own work. I for one will never buy/sell without checking allSENS announcements - in case like this case - you miss something when you are on holiday or similar !
You always have to do your own work - hopefully we all learnt something today - the numbers I provided for you below are the latest decalendarised numbers using latest information available
i.e. a PE of around 10x and a PB of around 1.5x
Now that you have new information - you might want to reassess your positioning
Spot on Alpha 101.
#16
Posted 01 March 2017 - 11:22 AM
Thanks Highriskgain
At least now we know your source - unfortunately those calculations done by sharedata or most brokers are never accurate when a company goes through major change ! - and are best used as proxies before doing your own work. I for one will never buy/sell without checking allSENS announcements - in case like this case - you miss something when you are on holiday or similar !
You always have to do your own work - hopefully we all learnt something today - the numbers I provided for you below are the latest decalendarised numbers using latest information available
i.e. a PE of around 10x and a PB of around 1.5x
Now that you have new information - you might want to reassess your positioning
#17
Posted 01 March 2017 - 11:18 AM
I agree or disagree with any one. I bought at 50 they went bust, they went out of suspension I got the same number at 47 I sold at 59. That was not a bad deal, whish I had deep pockets to be talking millions of shares.... the share price is what we trading it for less broker charges.... A win is a win, analysis are for value investors. THEY HOLDING THIS SHARE BELOW 60. I hope it would be over 100 by yesterday. So I have moved on with a few bobs, I will look for something else. What about Imbalie (ILE)? Just a thought.
#18
Posted 01 March 2017 - 09:55 AM
Agree with you galton -
Where does a PE of 1.7x come from highriskgain
(What rubbish) I am tired of people on this forum throwing out stupid numbers
The company sens 31 January 2017 says the following : HEPS will be AT LEAST 26.55c lower than the 29.5c reported to March 2016.
That means the HEPS for 6 months will be a maximum of 2.95c (annualised close to 6c)
Maths 101 would thus give you a PE of 58c/6c = 9.7x
This is the only guidance we have on PE - that is legally obtainable !!!
On a PB basis you talk about a PB of 0.87
The latest reported NAV is 37.5c (SEP 2016) - theoretically you could add the 3c above and one would get a decalendarised current NAV of around 40c.
At 58c - means you are trading at 58/40 at a PB of 1.45x
(Put differently you are paying a 45% premium to cash !!! - good luck with your investment - as for the share to stay at 58c means that the company has to replace cash with assets that are worth 45% more than they paid for them on day 1 !!!!!
Hey HighRiskGain, would you mind sharing with us how you get to earnings of 33cps and NAV of 67cps?
http://www.sharedata...uote.aspx?c=AXL
Unseen lobster
#19
Posted 01 March 2017 - 09:49 AM
Agree with you galton -
Where does a PE of 1.7x come from highriskgain
(What rubbish) I am tired of people on this forum throwing out stupid numbers
The company sens 31 January 2017 says the following : HEPS will be AT LEAST 26.55c lower than the 29.5c reported to March 2016.
That means the HEPS for 6 months will be a maximum of 2.95c (annualised close to 6c)
Maths 101 would thus give you a PE of 58c/6c = 9.7x
This is the only guidance we have on PE - that is legally obtainable !!!
On a PB basis you talk about a PB of 0.87
The latest reported NAV is 37.5c (SEP 2016) - theoretically you could add the 3c above and one would get a decalendarised current NAV of around 40c.
At 58c - means you are trading at 58/40 at a PB of 1.45x
(Put differently you are paying a 45% premium to cash !!! - good luck with your investment - as for the share to stay at 58c means that the company has to replace cash with assets that are worth 45% more than they paid for them on day 1 !!!!!
#20
Posted 01 March 2017 - 08:32 AM
P/E (Price/Earnings) 1.74 Price/NAV 0.87
Hey HighRiskGain, would you mind sharing with us how you get to earnings of 33cps and NAV of 67cps?