1114 replies to this topic

[michaessers]

Hey Yusuf...why the interest in SOH? is it just that you have a preference towards small caps (i notice your interest in Morvest etc) or have you done research/valuations that have lead you to your interest. How are you gauging the company?

[yusufm]

Yesterday's SENS on Morvest seems promising, buying at auction...

they purchased the asset for R60 mil in 2011, now possibly selling it at 123mil (that's what I gathered atleast)

was out-bidded, didn't manage to enter. Will watch from the sidelines for now

[yusufm]

Yesterday's SENS on Morvest seems promising, buying at auction...

they purchased the asset for R60 mil in 2011, now possibly selling it at 123mil (that's what I gathered atleast)

[yusufm]

Rangold (RNG) have declared a special divi of 225 cents from income reserves, due to recent settlement with PWC, The divi is 50% of the current share price - R4.50. 

 

Interesting, what do you guys think?

Think they've done similar in the past and everything is already priced-in. Not much money to be made in the short-run

[smiley]

Rangold (RNG) have declared a special divi of 225 cents from income reserves, due to recent settlement with PWC, The divi is 50% of the current share price - R4.50. 

 

Interesting, what do you guys think?

[yusufm]

Yusaf

Not one of your dates are correct.

The AGM is on the 30 July 2014.

The interim results are for the six months ending 30 June 2014  you are one year out.

Will release trading update around the 25 July 2014.

Regards


Koos Bekker CA (SA)
Group Chief Financial Director
South Ocean Holdings Limited
Listed on the Johannesburg Stock Exchange
16 Botha Street
Alrode
South Africa, 1451

 

 

Who says it doesn't pay to act stupid   so they will be expecting an increase in earnings of over 20%, much happier with my holding in SOH now   

[yusufm]

Shucks I messed up    closed at 1100c

and now 1200... 

[cdb999]

Google. <br /><br />Sent from my D5503 using Sharenet Sharechat mobile app<br /><br />

[yusufm]

Yusufm1,
This share has been good to you, hey?

But when will it stop bouncing around like this?

I would be lying if I said I knew,almost 3% of the share capital was traded yesterday. But it'll continue to trend upwards so I only take long positions in case it does move up. I'm basically just trading the volatility

Edited by yusufm1, 03 July 2014 - 08:57 AM.

[Sugafoot]

Sold at 1000c at breakeven and got the divi for free large volumes going through....book over?

Shucks I messed up closed at 1100c

Yusufm1,
This share has been good to you, hey?

But when will it stop bouncing around like this?

[michaessers]

can anyone direct me to where i can get a list of all altx listed companies?

[yusufm]

Sold at 1000c at breakeven and got the divi for free  large volumes going through....book over?

Shucks I messed up    closed at 1100c

[yusufm]

Re-entered (for about the 5th time in 2 weeks) into MMG at 1000c. Target 1080c, otherwise will hold till LDT (this friday)

Sold at 1000c at breakeven and got the divi for free  large volumes going through....book over?

[Mr.Balls]

Jasco starting to inch higher day by day...

[yusufm]

Order in for SOH, waiting for a match...

In at 85c, was waiting at 80c but it seems ready to move up

[yusufm]

Order in for SOH, waiting for a match...

[yusufm]

The next hurdle for WSL is the granting of the water use license for Elanspruit. Once granted it should start to move northward.

 

Yusufm1 do you not think the 14m share buy back will be an off-market transaction as it's between related parties...?

It does seem so, seeing as it was supposed to take place at the close of trading yesterday, but nothing went through on the open market

[soutie]

The next hurdle for WSL is the granting of the water use license for Elanspruit. Once granted it should start to move northward.

 

Yusufm1 do you not think the 14m share buy back will be an off-market transaction as it's between related parties...?

[yusufm]

South Ocean Holdings Ltd (SOH):

 

interim results expected to be released by the beginning of August.

Share Price: 80c

NAV: 348cps

HEPS: 21cps

EPS: -77.7cps

 

"The main reason for the decrease in earnings is an impairment charge amounting to R148,1 million (2012: R175,0 million) against the

goodwill, which arose through the acquisition of Radiant Group Proprietary Limited in 2007. The balance of the goodwill was impaired during
the year, as approved by the Directors, based on current and future market conditions affecting the earnings of Radiant. Steps have been
implemented by management to improve the profitability of this segment which should materialise during the next few years.

 

 

Prospects

The market conditions will remain challenging during the 2014 financial year, however the results are expected to show a significant improvement compared to the 2013 financial year. Management are in the process of refocusing the lighting and electrical accessories segment and regaining lost market share. Cost control and improving working capital will continue to be a focal point during the year, leveraging on operational efficiencies and capitalising on existing marketing opportunities. The Group has submitted a number of tenders to Parastatals (Government, Eskom) since the previous period, which has not yet been awarded. Any successful tenders will increase revenues."

- from 2013 results

 

They look interesting with results coming up soon(maybe a trading statement reflecting improvement in earnings as hinted that may occur  )

Any comments?

 

Relatively large volumes going through at 85c at the moment... 

[Shi]

WSL - http://bluegemresearch.co.za/?p=153