1114 replies to this topic

[longterm413]

Long CRD @305/306

Long Gij @150


Long PPRN @5c (risky)

2 weeks until MOU expires and still no indication of sale.

[yusufm]

Interesting. As the business is closing, how are you planning to play this? Sell just before LDT?

Sold ex div today at 270. Not what I had planned, but profit is profit...

[Fleetstroke1]

My logic sometimes loses me. I want to know "what kind of an investor wakes up in the morning to sell a share at less than what it closed at the day before?"... It does not make any sense to me....  

[yusufm]

Perfect timing

If that's not luck, I don't know what is    Expect a short-term fall in price to the 170c level though as this deal may take a while and investors might feel they can get a better time value for their money elsewhere (similar to what is happening to VIL)

[Shi]

 

Long Gij @150

 

Perfect timing

[yusufm]

Long CRD @305/306
Long Gij @150

Long PPRN @5c (risky)

[yusufm]

Any thoughts on KIBO, see they have come back to 104cps level?

It's the usual drift in SP as the shareholders are waiting for the big news re: Rukwa Coal to Power Project. 

I'm keeping my holding, not looking at the day to day changes as I am sure once the news comes out, the SP will do 100%+ (depending on what size of a cut they get on the deal)

 

Also one of the brokers, Hume Capital, released a 12-month target SP of 27p+ (500c or so)

Edited by yusufm, 13 February 2015 - 04:50 PM.

[100ways]

Almost fully back in at  134c still confident that big news is coming by end of Q1

Any thoughts on KIBO, see they have come back to 104cps level?

[BBW]

At what level did you get in, BBW?

700. (Nice one Stayob!)

[stayob]

As things go got rid of 60 per cent...to balance things out...just sharing<br /><br />

[stayob]

Got in at 2.30 <br /><br />

[Sugafoot]

ADI (AdaptIT)well on it's way to become MY 10-bagger. Tx Orca!

At what level did you get in, BBW?

[BBW]

ADI (AdaptIT)well on it's way to become MY 10-bagger. Tx Orca!

[yusufm]

Interesting. As the business is closing, how are you planning to play this? Sell just before LDT?

Yip, usually with large divi payouts, the SP rises beyond what it should because of divi hunters buying in. They will probably want to get in as close to LDT as possible so I may have to wait a while on this one...

Edited by yusufm, 09 February 2015 - 04:52 PM.

[MrDividend]

Bought DTA, huge divi declared

 

Interesting. As the business is closing, how are you planning to play this? Sell just before LDT?

[yusufm]

Bought DTA, huge divi declared

[HendrikB]

Yes, that is the one. He picked CIL as one of his 5 stocks for 2015. Should be interesting to watch.

I still hold CIL. Fundamentals are solid.

[yusufm]

I listened to a recent podcast by CEO(I think) and I wasn't impressed by him at all. Not just a first impression of a character and ability but also his answers surrounding CVN's strategy going forward. When asked why you are moving into the gold space he didn't even have an answer. Just a vague reason about something like they thought it was a good idea. When asked what you know about the gold mining industry he said I don't know anything! But we know about business and we'll figure it out as we go along.

 

No clear strategy. Too diversified. Stick to what you're good at.

 

Won't be investing.

 

True their acquisitions are very diverse. However, it should be noted that their stake in DGC is a relatively small one, and their exposure to gold mining through GGM is even less significant (as that company is basically a subsidiary of GoldOne).

Their only stake which was major was their purchase of 34% of MRI as it makes them the largest shareholder in it. As such, I would expect that they will have the most input when it comes to MRI.

 

Also I noticed that as soon as CVN's price dropped below 200c, Investec and Momentum increased their positions. That gives me quite a bit more confidence in Convergenet.

I am however not invested at all in CVN, but I have a relatively large holding in MRI and a very small position in GGM. I am more confident in holding MRI now that CVN has bought in

Edited by yusufm, 06 February 2015 - 10:57 AM.

[flexbender]

Thanks, I didn't see the SENS Guess I should put my order in at 8c then There is really just one seller left under 10c, doubt he will last long.

I wonder how CVN plans to contribute to this business...

 

I listened to a recent podcast by CEO(I think) and I wasn't impressed by him at all. Not just a first impression of a character and ability but also his answers surrounding CVN's strategy going forward. When asked why you are moving into the gold space he didn't even have an answer. Just a vague reason about something like they thought it was a good idea. When asked what you know about the gold mining industry he said I don't know anything! But we know about business and we'll figure it out as we go along.

 

No clear strategy. Too diversified. Stick to what you're good at.

 

Won't be investing.

[Trader1]

Thanks, I didn't see the SENS Guess I should put my order in at 8c then There is really just one seller left under 10c, doubt he will last long.

I wonder how CVN plans to contribute to this business...

Apparently CVN management will get involved, but I think What MRI need is a more time. I know it has almost been 3 years since inception but they only have got going in the last 6 months. So MRI management seem to have it under control.