501 replies to this topic

[Magnet]

Does the valuation take into account the preference shares?

 

It does not.  Their value will depend on whether Abil is likely to issue pref share dividends in the future.  Will know when strategy is released.  If not then they could trade at a significant discount.  Accounting for full pref share valuation above (which is unlikely) would then see a 4bn - 1.1bn = 2.9bn Market cap for Ord shares at PE 10 or R2  share.

 

With 2bn in cash a low risk interest bearing account would already see annual profits of around 100-200m per annum.  Add the Stangen profits and at low PE of 6-7 those likely dumping their shares under R1.50 on Wednesday could live to regret.

[jacani]

Taken from an investor on another platform:

 

Note: Company currently generates R84 mio profit from its insurance biz ex African Bank and has R2 billion for investment in growth.

 

Based on 15% ROI, Abil (now Phoenix) can generate additional R300 mio profits, Total profits = R400 mio. Based on PE of 10, value R4 billion.

 

Based on R400 mio profits & 10PE (and 1.5 billion shares), Abil shares potentially worth about R2.70.

 

Does the valuation take into account the preference shares?

[jaDEB]

Taken from an investor on another platform:

 

Note: Company currently generates R84 mio profit from its insurance biz ex African Bank and has R2 billion for investment in growth.

 

Based on 15% ROI, Abil (now Phoenix) can generate additional R300 mio profits, Total profits = R400 mio. Based on PE of 10, value R4 billion.

 

Based on R400 mio profits & 10PE (and 1.5 billion shares), Abil shares potentially worth about R2.70.

 

Thanks, sounds good

[Magnet]

Will keep your guidance in mind, thanks.

 

Taken from an investor on another platform:

 

Note: Company currently generates R84 mio profit from its insurance biz ex African Bank and has R2 billion for investment in growth.

 

Based on 15% ROI, Abil (now Phoenix) can generate additional R300 mio profits, Total profits = R400 mio. Based on PE of 10, value R4 billion.

 

Based on R400 mio profits & 10PE (and 1.5 billion shares), Abil shares potentially worth about R2.70.

[jaDEB]

Will keep your guidance in mind, thanks.

[Magnet]

I will not hold, if I am profit / or maybe not, I sell. The way they treated the shareholders was crap.

 

This could blow when they reveal strategy in Q1.  Don't say I didn't warn.  If they are able to grown Stangen or find further investments we could trade at a significant PE instead of the current predicted zero PE on relisting.

[jaDEB]

I will not hold, if I am profit / or maybe not, I sell. The way they treated the shareholders was crap.

[SyndriN]

have no idea, but i will hold this baby for a long time.

 

Even me  

[SLEEKONE]

The wait is over finally! Any idea's on list price ?

have no idea, but i will hold this baby for a long time.

[Russell]

Hello All

Do our ABIL shares convert automatically to AXI shares. Or is theresome sort of proceedure to go through

 

Thanks

Russell

[SyndriN]

The wait is over finally! Any idea's on list price ?

[SLEEKONE]

To list on the 1st of Feb.

[Magnet]

What about CML that took a knock because of it's holding in Abil? this shouldbe very good news th them.

 

They sold most of their shares at around R2

Edited by Magnet, 25 January 2017 - 09:53 AM.

[BERT]

What about CML that took a knock because of it's holding in Abil? this shouldbe very good news th them.

[Magnet]

Short Squeeze.

[carlosthejackal]

http://www.businessl...frican-phoenix/

 

Trading to begin 1 Feb.

[tomantony90]

Hi

[SyndriN]

I will be holding on to these for quite some time 

[Magnet]

From SENS today

 

Accordingly, shareholders are advised that the Company is working with the JSE Limited (?JSE?) to
ensure the lifting of the suspension in the trading of its ordinary and preference shares as soon as
practicably possible, which at the request of the Board, will resume under the new Company name.

Shareholders will therefore be advised of the salient dates and times pertaining to, inter alia, the last
day to trade in ABIL shares, the date of the lifting of the suspension of securities and the resumption
of trading in the ordinary and preference shares on the JSE under the new JSE codes, together with
the new ISIN numbers in respect thereof.
 

 

Nice.

 

So shares worth 36c in cash or R1.10 if Prefs are not paid up as I have been told. All at PE x 1.

 

Also note:

 

"We look forward to unveiling the group's adopted strategy in early 2017 in which we will outline how we intend to build the group into a premier South African investment holdings business," said Abil CEO Enos Banda.

 

Could be worth waiting for this 'new strategy' before deciding to sell as this could improve PE multiples.

[carlosthejackal]

From SENS today

 

Accordingly, shareholders are advised that the Company is working with the JSE Limited (?JSE?) to
ensure the lifting of the suspension in the trading of its ordinary and preference shares as soon as
practicably possible, which at the request of the Board, will resume under the new Company name.

Shareholders will therefore be advised of the salient dates and times pertaining to, inter alia, the last
day to trade in ABIL shares, the date of the lifting of the suspension of securities and the resumption
of trading in the ordinary and preference shares on the JSE under the new JSE codes, together with
the new ISIN numbers in respect thereof.