501 replies to this topic

[Sugafoot]

I think this whole thing is taking on emotional proportions now...<br />Anyone who puts money into a company does so knowing it might fail or succeed...<br />And the ABIL guy on the ST is entitled to his opinion... And those who buy newspapers do so to read about such opinions <br /><br />Let us just sing our hymns and bury this one, fellas

[Goliath]

ABL management had respect for no one not even their large shareholders...arrogance played a big part in one of the most spectacular corporate failures in SA...and will be a brilliant case study for MBA students for years to come...

 

Yep, anyone watched Carte Blanche tonight? Abil was discussed, wasn't a pretty sight..

[Zero Hedge]

ABL management had respect for no one not even their large shareholders...arrogance played a big part in one of the most spectacular corporate failures in SA...and will be a brilliant case study for MBA students for years to come...

[Zero Hedge]

On News24<br />Johannesburg - A former African Bank executive, Tami Sokutu, has turned his back on those drowning in debt due to easy loans from the bank and simply states “f*** the poor!”<br /><br />According to the Sunday Times, Sokutu, who made over R50m in share options and earned another R35m in salary and bonuses while he was Abil’s chief risk officer, showed no sign of remorse for the reckless lending to millions of South African’s who could not afford to repay their debt. This, say analysts, has led to the collapse of the bank.<br /><br />During his interview with the newspaper he reportedly boasted about having made millions and said he was now globetrotting.<br /><br />Sokutu reportedly owns three houses in South Africa and another in Portugal.

lLarge fund managers who have lost big should go after management and previous management...they should be forced to pay back all those bonuses earned with interest.

[davidp13]

On News24<br />Johannesburg - A former African Bank executive, Tami Sokutu, has turned his back on those drowning in debt due to easy loans from the bank and simply states “f*** the poor!”<br /><br />According to the Sunday Times, Sokutu, who made over R50m in share options and earned another R35m in salary and bonuses while he was Abil’s chief risk officer, showed no sign of remorse for the reckless lending to millions of South African’s who could not afford to repay their debt. This, say analysts, has led to the collapse of the bank.<br /><br />During his interview with the newspaper he reportedly boasted about having made millions and said he was now globetrotting.<br /><br />Sokutu reportedly owns three houses in South Africa and another in Portugal.

[Zero Hedge]

Dude you have absolutely no idea what is going on hey? According to SA law fund managers are not allowed to trade over the counter. Also JP Versters short at 360ne is still open at 31c. See for yourself:http://www.biznews.c...campaign=buffer
Alec Hogg put this article together yesterday after I asked JP why he used book value as opposed to market values when doing his analysis on the good bank.
Sent from my GT-I9500 using Sharenet Sharechat mobile app

Boet SA fund managers trade option/hedging structures OTC all the time...and the interview with JP was done on 13 Aug...360 One started sniffing around on Thursday 14 Aug for someone wiling to sell OTC...I know cause I received a call from a broker...they finally did the trade on Fri 15 Aug...2 days after the interview you are referring to. As I have said phone Stanlib they have a few more to go...

[Magnet]

And if you still believe ABL is not worth zero...contact Stanlib as I am sure they have a few more to go at 5c...

Dude you have absolutely no idea what is going on hey? According to SA law fund managers are not allowed to trade over the counter. Also JP Versters short at 360ne is still open at 31c. See for yourself:

http://www.biznews.c...campaign=buffer

Alec Hogg put this article together yesterday after I asked JP why he used book value as opposed to market values when doing his analysis on the good bank.

Sent from my GT-I9500 using Sharenet Sharechat mobile app

[Zero Hedge]

And if you still believe ABL is not worth zero...contact Stanlib as I am sure they have a few more to go at 5c...

[Zero Hedge]

And if you still believe ABL is not worth zero...contact Stanlib as I am sure they have a few more to go at 5c...

[Zero Hedge]

How do you trade a suspended share??? Maybee you're not as smart as you think...

You do it over the counter (OTC) Boet...like what 360 One did last week when they closed their short by buying the shares from Stanlib at 5c in the rand...

[cdb999]

Us Oaks are going mad over ABIL.<br /><br />Sent from my D5503 using Sharenet Sharechat mobile app<br /><br />

[Magnet]

Agreed no one can speak like they are 100% certain of something... give your view and then back it up. JP Verster mailed explaining how he gets to the value of zero for abil good bank but even still he said that it is his speculation. HDB u have not backed up any on your comments yet. If you did and it made sense I will take your word. Like mCe said - this is political and it is crucial that gov realize value to shareholders. <br /> <br /><br />Sent from my GT-I9500 using Sharenet Sharechat mobile app<br /><br />

[Shortboy]

Hahaha! Now you're really exposing our 'clever' HBD, I'm sure the possibility of people cashing on their rpunts on ABL, and him missing out, is giving him sleepless nights...and nothing to show for the '10' years (since 2009) he's been on this platform...

 

Hahaha! Now you're really exposing our 'clever' HBD, I'm sure the possibility of people cashing on their rpunts on ABL, and him missing out, is giving him sleepless nights...and nothing to show for the '10' years (since 2009) he's been on this platform...

Hey McE,

 

My comment wasn't tilted for your advantage nor against HDB's current state of Maslow's euphoria. I will always have questions about ANYONE who thinks and/or professes to know about how Alsi40 is going to run or any share quoted on the JSE is going to perform. State your view, not your opinion on whether other people should follow you.

 

Just saying....  

[McEdama]

Not so sure about your maths Boet. Your profile pic says you have been on this forum since Aug 2009, that's 5 years.. whatever.

In fact, here is your own quote that confirms you,HDB, like every one else, has absolutely no clue about the future -
HDB, on 14 Aug 2013 - 11:00 AM, said:
Eli sitting nicely at support levels around  R7.10
So at this price has to be a screaming buy!!
 
Current price of Eli on Friday last week was R1.90...and still room to go.

Hahaha! Now you're really exposing our 'clever' HBD, I'm sure the possibility of people cashing on their rpunts on ABL, and him missing out, is giving him sleepless nights...and nothing to show for the '10' years (since 2009) he's been on this platform...

[Sugafoot]

The only thing im not sure of is if four banks will ever work for the betterment of a single bank!<br />The competitive spirit suggests otherwise.<br />The good bank I suspect (if and when it debuts) won't be deserving of the word "good" or "bank"

[Sugafoot]

The only thing im not sure of is if four banks will ever work for the betterment of a single bank!<br />The competitive spirit suggests otherwise.<br />The good bank I suspect (if and when it debuts) won't be deserving of the word "good" or "bank"

[Shortboy]

Not so sure about your maths Boet. Your profile pic says you have been on this forum since Aug 2009, that's 5 years.. whatever.

In fact, here is your own quote that confirms you,HDB, like every one else, has absolutely no clue about the future -

HDB, on 14 Aug 2013 - 11:00 AM, said:

Eli sitting nicely at support levels around  R7.10

So at this price has to be a screaming buy!!

 

Current price of Eli on Friday last week was R1.90...and still room to go.

[longterm413]

So much hostility on this topic. I've written off all hope for my investment in ABIL... You live and learn, however I won't complain if my shares are eventually worth something. As for Capitec, at least they are more conservative in their provisioning. They raise provisions as soon as the customer misses a payment, nevertheless I do believe there are far better investments out there.

[Shortboy]

and??  ur deadline has come and gone..

 

 

fact or fiction....

 

 

or just emotions waiting in hope because you own ABL?

 

Seen plenty like you in the 10 years ive been here in this forum!! You disappear quicker than you stay and im sure you will once  the realization hits you that this game is over!!!

 

Last post on this subject...does not warrant the effort anymore.. Its dead...RIP

 

and??  ur deadline has come and gone..

 

 

fact or fiction....

 

 

or just emotions waiting in hope because you own ABL?

 

Seen plenty like you in the 10 years ive been here in this forum!! You disappear quicker than you stay and im sure you will once  the realization hits you that this game is over!!!

 

Last post on this subject...does not warrant the effort anymore.. Its dead...RIP

Not so sure about your maths Boet. Your profile pic says you have been on this forum since Aug 2009, that's 5 years.. whatever.

[Magnet]

Best article on this topic so far:<br /><br />http://www.rollingal...e-me-a-bailout/<br /><br />Sent from my GT-I9500 using Sharenet Sharechat mobile app<br /><br />