501 replies to this topic

[McEdama]

Who ever bought ABIL sub R1.00 will make at least 100% profit by the very latest close of trading next week Thursday 14/08/14...the've been some interesting development....thank me later

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

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

[Magnet]

HDB it takes 6 months for a new listing you of all people should know that<br /><br />Sent from my GT-I9500 using Sharenet Sharechat mobile app<br /><br />

[HDB]

Who ever bought ABIL sub R1.00 will make at least 100% profit by the very latest close of trading next week Thursday 14/08/14...the've been some interesting development....thank me later

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

[Magnet]

The only folk get burned here are those who are still short! We shall see in 6 months<br /><br />Sent from my GT-I9500 using Sharenet Sharechat mobile app<br /><br />

[HDB]

just curious:

 

has anyone been short ABIL until suspension??

so nobody went short then I presume??

 

What a pity.....

 

Pity I cannot play the banks otherwise I would have .....

[McEdama]

So to all those that said abil shares are worthless and that we will get burnt... Abil currently trading at $1.41-$1.60 (R15 for batch of 5 shares) on OTC market or R3 per abil share.  link for screenshot: http://www.marketwat...ing/stock/afrvy
 
R3/share on the order of the proposed value per right.

Magnet I wont even look at that web address... U living more in hope because u have got shares in them... I don't own abil shares and as an outsider/ neutral person  im telling you its worth ZERO!!!!
 
U took a risk,, now u paying ur dues!!
 
As for that other guy who gave ull hope that ull will see 100% return, he missed the - ( minus) sign ....-100% return!!
 
This is a fact...get over it and move on!!!

Ok, we hear you 'know it all' Professor HBD...Time will prove you wrong as always... I still maintain "if you bought ABL sub R1.00 you're in the money + 100%...this is political, I don't expect you to understand with your market blinkers on....

[McEdama]

So to all those that said abil shares are worthless and that we will get burnt... Abil currently trading at $1.41-$1.60 (R15 for batch of 5 shares) on OTC market or R3 per abil share.  link for screenshot: http://www.marketwat...ing/stock/afrvy
 
R3/share on the order of the proposed value per right.

Magnet I wont even look at that web address... U living more in hope because u have got shares in them... I don't own abil shares and as an outsider/ neutral person  im telling you its worth ZERO!!!!
 
U took a risk,, now u paying ur dues!!
 
As for that other guy who gave ull hope that ull will see 100% return, he missed the - ( minus) sign ....-100% return!!
 
This is a fact...get over it and move on!!!

Ok, we hear you Professor HBD...Time will prove you wrong as always... I still maintain "if you bought ABL sub R1.00 you're in the money + 100%...this is political, I don't expect you to understand with your market blinkers on....

[McEdama]

So to all those that said abil shares are worthless and that we will get burnt... Abil currently trading at $1.41-$1.60 (R15 for batch of 5 shares) on OTC market or R3 per abil share.  link for screenshot: http://www.marketwat...ing/stock/afrvy
 
R3/share on the order of the proposed value per right.

Magnet I wont even look at that web address... U living more in hope because u have got shares in them... I don't own abil shares and as an outsider/ neutral person  im telling you its worth ZERO!!!!
 
U took a risk,, now u paying ur dues!!
 
As for that other guy who gave ull hope that ull will see 100% return, he missed the - ( minus) sign ....-100% return!!
 
This is a fact...get over it and move on!!!

Ok, we hear you 'know it all' Professor HBD...Time will prove you wrong as always... I still maintain "if you bought ABL sub R1.00 you're in the money + 100%...this is political, I don't expect you to understand with your market blinkers on....

[Procrastinator]

Capitec will be next, impossible that they are not going to burn exactly like Abil on the unsecured debt. At the moment they are being opaque about their NPL situation "extend and pretend" is the description used in papers this weekend, trying to fly under the radar hoping that the tide will turn, the inevitable chickens will come to roost some time in the near term.
PSG will come off too when this one eventually pops out.

So Moody's have downgraded Capitec, seems the inevitable is indeed playing out.

[Magnet]

Magnet I wont even look at that web address... U living more in hope because u have got shares in them... I don't own abil shares and as an outsider/ neutral person  im telling you its worth ZERO!!!!

 

U took a risk,, now u paying ur dues!!

 

As for that other guy who gave ull hope that ull will see 100% return, he missed the - ( minus) sign ....-100% return!!

 

This is a fact...get over it and move on!!!

 

lol okay we will see... 

 

African Bank Investments Ltd.

 

Sponsored ADR (1 ADS : 5 Ordinary)International Reporting

OTC Pink Current Information

$1.600.19 (13.48%) at 9:31:00 EST

Real-Time Best Bid & Ask $ 1.54 / 1.60 (1 x 1)

[HDB]

So to all those that said abil shares are worthless and that we will get burnt... Abil currently trading at $1.41-$1.60 (R15 for batch of 5 shares) on OTC market or R3 per abil share.  link for screenshot: http://www.marketwat...ing/stock/afrvy

 

R3/share on the order of the proposed value per right.

Magnet I wont even look at that web address... U living more in hope because u have got shares in them... I don't own abil shares and as an outsider/ neutral person  im telling you its worth ZERO!!!!

 

U took a risk,, now u paying ur dues!!

 

As for that other guy who gave ull hope that ull will see 100% return, he missed the - ( minus) sign ....-100% return!!

 

This is a fact...get over it and move on!!!

[Magnet]

So to all those that said abil shares are worthless and that we will get burnt... Abil currently trading at $1.41-$1.60 (R15 for batch of 5 shares) on OTC market or R3 per abil share.  link for screenshot: http://www.marketwat...ing/stock/afrvy

 

R3/share on the order of the proposed value per right.

[HDB]

just curious:

 

has anyone been short ABIL until suspension??

[sequoia]

happened before suspension!!

 

Ok that would make sense. What is the time limit though that these SENS have to be released. Shares haven't traded since Friday!

[Magnet]

How are these Manco's (Coronation selling) and Allan Gray (buying) able to do these deals when the shares are suspended? Are they doing private sales?

 

Yeah they got in at 50 cents before suspension

Edited by Magnet, 13 August 2014 - 03:55 PM.

[HDB]

How are these Manco's (Coronation selling) and Allan Gray (buying) able to do these deals when the shares are suspended? Are they doing private sales?

happened before suspension!!

[sequoia]

How are these Manco's (Coronation selling) and Allan Gray (buying) able to do these deals when the shares are suspended? Are they doing private sales?

[Magnet]

Disclosure of significant holding of ABIL ordinary shares

AFRICAN BANK INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1946/021193/06)
(Ordinary share code: ABL) (ISIN: ZAE000030060)
(Preference share code: ABLP) (ISIN: ZAE000065215)
("ABIL" or "the company")

DISCLOSURE OF SIGNIFICANT HOLDING OF ABIL ORDINARY SHARES

In accordance with the JSE Limited Listings Requirements and section 122(3)( of the Companies Act 71 of
2008, shareholders are advised that Allan Gray Proprietary Limited has today, notified the company that
accounts under its management has increased its holding in the ordinary shares of ABIL to 6.881%, based
on the total issued shares of the company being 1 501 093 232 shares.

Midrand
13 August 2014

[soutie]

This sentiment is often sprouted, and it bugs me. How is extending credit to the poor and then charging them interest (no matter what the rate) helping them? At the end of the month, they are still worse of UNLESS that loan is used to start a micro- business. But you still need a job to get the loan, so highly unlikely that you taking the loan to start a business.

 

The sad fact is look around you there is a need for social lending to avoid mass social unrest.

If or forbid when the poverty stricken decide enough already they aren't going straight to ANC fat cats or BEE recipients, it's middle class suburbia that is the starting ground for a wealth re-dress but that's a totally different topic.

Read the post again it if lending was more evenly applied (read acceptable rates, not extortion via garnashee orders) repayments would not be un-affordable for the majority. 

[MrDividend]

With all that has happened, I think one of the challenges in SA’s banking system is that the major banks refuse to offer poor people in certain areas cheaper credit. This market failure opens gaps for unsecured lenders to offer expensive credit to the poor and sadly many cannot afford repayments. It is arguable that had people been given credit with interest rates in the mid-teens, the disaster at African Bank would not have been as hectic as it has been.

 

Taken from today's edition of Business Day

 

This sentiment is often sprouted, and it bugs me. How is extending credit to the poor and then charging them interest (no matter what the rate) helping them? At the end of the month, they are still worse of UNLESS that loan is used to start a micro- business. But you still need a job to get the loan, so highly unlikely that you taking the loan to start a business.