501 replies to this topic

[Ettas]

What we missed and others saw -- this is well worth listening to:

https://soundcloud.c...e-r100m-on-abil

[Magnet]

Interview with Tom Winterboer: http://www.beeld.com...-hou-aan-betaal

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So he spoke about moving current shares over to the new entity!

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[Magnet]

Interview with Tom Winterboer: http://www.beeld.com...-hou-aan-betaal <br /><br />Sent from my GT-I9500 using Sharenet Sharechat mobile app<br /><br />

[soutie]

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

[Jonny]

Double post... 

Edited by Jonny, 12 August 2014 - 08:33 AM.

[Jonny]

All of a sudden there are many hindsight 'wiseguys' "i told you so" know it all analysts...this was a strategic imperative, few will understand...

Yeah, I love it... 

 

I was telling someone yesterday I don't like fund managers/unit trusts because they don't really (if ever) outperform the index. His argument for them was to mitigate risk... So I just easily asked how much he thinks CML and friends lost in ABIL? And then compared it to my 0% loss.

[McEdama]

All of a sudden there are many hindsight 'wiseguys' "i told you so" know it all analysts...this was a strategic imperative, few will understand...

[gamma]

As I always say, analysts are clueless, why does anyone ever listen to any analyst?

 

watch this from a few months ago

 

http://www.cnbcafric...d=2678547789001

 

amusing 

 

 

[Goliath]

Million Dollar question...

 

if company goes bunk, u cannot buy back the shares so your short is useless..unless of cos its shares trade OTC!!

 

This one is suspended...at least ull be earning interest...wait and see I suppose!!

 

Just sad that good taxpayer money should be used to bail these poor management decisions out and best part is there's probably nothing going to happen to those guys!

[McEdama]

I wouldn't even buy at 1c hey.

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Good for you!

[cdb999]

I wouldn't even buy at 1c hey. <br /><br />Sent from my D5503 using Sharenet Sharechat mobile app<br /><br />

[HDB]

quite right HDB.

Bond holders should not have gotten off so lucky at tax payers expense.

What happens to holders of shorts in situations like these?

Million Dollar question...

 

if company goes bunk, u cannot buy back the shares so your short is useless..unless of cos its shares trade OTC!!

 

This one is suspended...at least ull be earning interest...wait and see I suppose!!

[gamma]

all I can see is:

 

Bondholders will get a haircut

Shareholders will get their necks cut

quite right HDB.

Bond holders should not have gotten off so lucky at tax payers expense.

What happens to holders of shorts in situations like these?

[ThatBlackGuy]

How much worse can it get?

 

Well ..... What's the NAV?  somewhere around R5 I believe (could be wrong)....

 

This company has such a good chance of going under its not worth even looking at. 

 

Looking for deep value will be the end of people.

 

Yet again, a reminder... looking for that 20% turnaround return in a bad company is far riskier than the 10% return in a good one. Let someone else take that chance.  

[Magnet]

Nothing's changed, if you bought below R1.00, you're on the money +100%...this is due process...

The only person that called the bailout last week... So your speculations still have the most weighting!

[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

McEdama, does this statement still stand, taking into account the latest developments?

100%


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McEedama whar is your take on this?


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Nothing's changed, if you bought below R1.00, you're on the money +100%...this is due process...

[AJS]

McEedama whar is your take on this?

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No offense - there is only 1 take on this: ABL as we know it, is gone. Equity holders have a R0 worth as of today, bondholders are 10% worse off and if you own equity you might be offered the opportunity to take up shares in the "new" "good" bank, whenever it is listed.

[Magnet]

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

McEdama, does this statement still stand, taking into account the latest developments?

100%

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McEedama whar is your take on this?

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[Magnet]

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

McEdama, does this statement still stand, taking into account the latest developments?

100%

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McEedama whar is your take on this?

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[HDB]

Yes I wonder how long tgis would be. They said soob though.

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all I can see is:

 

Bondholders will get a haircut

Shareholders will get their necks cut