1114 replies to this topic

[yusufm]

MMG is ready to fly again...

[yusufm]

Trading Statement

South Ocean Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2007/002381/06)
Share code: SOH
ISIN: ZAE000092748

Trading Statement

South Ocean Holdings’ headline earnings per share and earnings per share for the 6
months ended 30th June 2014 is expected to be between 105% to 115% higher than the
corresponding prior period. As reported in the corresponding prior period, a headline
earnings per share was 3.4 cents per share and earnings per share was 3.5 cents per
share.

The financial information on which this trading statement is based has not been reviewed or
reported on by South Ocean Holdings’ external auditors. The unaudited results for the 6
months ended 30th June 2014 are expected to be published on or about the 7st August
2014.

By order of the board

25th July 2014
Alrode

 

Perfect

 

Almost 40% up and moving  waiting for the results on the 7th to decide at what price to take profits 

[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   

Trading Statement

South Ocean Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2007/002381/06)
Share code: SOH
ISIN: ZAE000092748

Trading Statement

South Ocean Holdings’ headline earnings per share and earnings per share for the 6
months ended 30th June 2014 is expected to be between 105% to 115% higher than the
corresponding prior period. As reported in the corresponding prior period, a headline
earnings per share was 3.4 cents per share and earnings per share was 3.5 cents per
share.

The financial information on which this trading statement is based has not been reviewed or
reported on by South Ocean Holdings’ external auditors. The unaudited results for the 6
months ended 30th June 2014 are expected to be published on or about the 7st August
2014.

By order of the board

25th July 2014
Alrode

 

Perfect

[RojoVert]

Anybody know whats going at WCC? Rumored there is some infighting anfd political play taking place? Anybody got insight?

[stoffels]

What's happening at Resgen?
Just lost 50%?

Bid-offer deal was for R4,00 

[Sugafoot]

What's happening at Resgen?
Just lost 50%?

[Procrastinator]

Hi Soutie, I believe that an American option can be exercised at any time during the life of the option up to and including the expiry date as opposed to a European option that is only exercised at the expiry date.

Edited by Procrastinator, 24 July 2014 - 11:01 AM.

[soutie]

I'm not too phased as options are the way you can retain good skills. My point is he only started officially on the 1st of July.

So before his 1st pay check he's been awarded all these options. 

Could someone please explain what is an "american" option. Don't say extra large or supersize.....

Thanks in advance.

[Jonny]

SENS out today informing us of the 1,000,000 options granted to the new CFO who only took the position officially 1st of this month. Must be good....Lets see

Options.... would prefer it being his own hard cash. They should take a tip from Mouton on how to boost your share price

[soutie]

Ref: WSL 

This is the result of giving shares when people want cash.  They sell them to get their cash obviously.....To be continued.....

SENS out today informing us of the 1,000,000 options granted to the new CFO who only took the position officially 1st of this month. Must be good....Lets see

[Magnet]

Yeah its def a risk - trusting Allen Grey with this one though as they have a relatively large holding and increased it in May. Thanks for your opinion on it though will keep watch!<br /><br />

[flexbender]

Building up a position for bluetel. Looks very cheap at the moment and volumes are increasing!<br /><br />

 

Remember that higher volumes with a falling share price just means that more people are selling.

Be careful not to try catch a falling knife.

 

I would wait for a clear turnaround. There's a reason it's fallen out of favour.

It's on my radar though. Thanks.

[Magnet]

Building up a position for bluetel. Looks very cheap at the moment and volumes are increasing!<br /><br />

[vlam]

Ref: WSL 

This is the result of giving shares when people want cash.  They sell them to get their cash obviously.....To be continued.....

 

Yeah, I'm not happy with the direction WSL is going at the moment...

 

At least there's a dividend at the end of this week.  Still retaining my long term holding...

 

Extract from SENS relating to the dividend:

 

The board has declared a final gross dividend of 3,8 cents per share in respect of the year ended 31 March
2014 payable to shareholders recorded in the register of the company at the close of business on the record
date appearing below. The dividend is payable from the company's cash reserves.

The salient dates applicable to the final dividend are as follows:
2014
Last day to trade shares cum dividend Friday, 25 July
Shares trade ex dividend Monday, 28 July
Record date Friday, 1 August
Payment date Monday, 4 August


No share certificates may be dematerialised or rematerialised between Monday, 28 July 2014 and Friday, 1
August 2014, both dates inclusive.

In terms of the new Dividends Tax effective 1 April 2012, the following additional information
is disclosed:
1. The local Dividend Tax rate is 15%;
2. The net local dividend amount is 3,23 cents per share for shareholders liable to pay the new Dividends Tax
and 3,8 cents per share for shareholders exempt from paying the new Dividends Tax;
3. The issued ordinary share capital of Wescoal is 193 687 075 ordinary shares;
4. The company's tax reference number is 9876593147; and
5. No STC credits have been utilised.

Edited by vlam-hobbyist, 21 July 2014 - 10:54 AM.

[soutie]

Ref: WSL 

This is the result of giving shares when people want cash.  They sell them to get their cash obviously.....To be continued.....

[yusufm]

"OANDO ENERGY RESOURCES COMPLETES ACQUISITION OF MEDAL OIL

Quote
CALGARY, ALBERTA ? Oando Energy Resources Inc. (?Oando Energy Resources? or
the ?Company?) (TSX: OER), a company focused on oil and gas exploration and
production in Nigeria, today announced that it has completed the acquisition of
Medal Oil Company Limited (?Medal Oil?). The purchase price of US$5,000,000
was satisfied by the issuance of 3,491,082 units, each unit consisting of one
common share of the Company and one-half of one warrant to purchase an
additional common share at a price of C$ 2.00 per common share for a period of
24 months from the date on which the Company closes the acquisition of the
Nigerian upstream oil and gas business of ConocoPhillips the (?CoP Acquisition?).
Medal Oil holds a 5% interest in OML 131. Upon completion of the CoP
Acquisition, OER will own a 100% interest in OML 131."

- SENS this morning

 

SO they would have to exercise the warrants at almost R20 per share. Rather steep unless the company believes they are worth R20 a share...

[yusufm]

It will consolidate in the 1150 - 1300c range over the next week (closing each day at the higher end of the daily range) and then most likely break-through 1300c by next Friday

Cancel what I said about consolidation, may break through 1300c today!

[yusufm]

How's it looking over the next few days?

It will consolidate in the 1150 - 1300c range over the next week (closing each day at the higher end of the daily range) and then most likely break-through 1300c by next Friday

[Sugafoot]

I said it at 9:48 AM when the price was 5% lower... It will close at 1290c or so.
Been trading (currently just watching due to lack of cash) this share for the past month. Rapidly running out of seller, price is just on a continuous uptrend

almost a 9% move already, exactly as predicted. Kicking myself for throwing out the bird in the hand (MMG) for two in the bush (SOH + RSG)

How's it looking over the next few days?