1114 replies to this topic

[Sugafoot]

Zeder nearly six million shares traded hands.
I think it's up some 20% or so from last week Thursday...

[yusufm]

Sold out KEH at closing auction. Will re-enter at 275c

Edited by yusufm1, 23 June 2014 - 05:03 PM.

[yusufm]

You say we must wait for the buy back before we see any positive movement? WSL<br />

yip, since I think the SENS means that its basically guaranteed the share will trade at 200c on the day of the buyback (unless someone is willing to buy the 14 million shares  at a higher price)

Edited by yusufm1, 23 June 2014 - 04:21 PM.

[Magnet]

You say we must wait for the buy back before we see any positive movement? WSL<br />

Edited by Magnet, 23 June 2014 - 04:18 PM.

[flexbender]

Also in at 175 today.

 

[Mr_SA]

Any opinions on CSG? I don't know them, but am curious as Anthony Clark (SmallTalkDaily) seems to love it.

 

PS: there is also no thread here for them.

 

I entered today @ 175c Anthonys YE Target is 300c. So lets see.

[Mr_SA]

Any reason why Poynting HLDGS (POY) dropped by over 5%? Low of 303 today.

Should one enter?

 

Im also wondering about this and very tempted to go in. 

Especially after the PSG AGM on Friday.

 

Surely someone here must know some info?

[small]

Any reason why Poynting HLDGS (POY) dropped by over 5%? Low of 303 today.

Should one enter?

 

[yusufm]

Any opinions on CSG? I don't know them, but am curious as Anthony Clark (SmallTalkDaily) seems to love it.

 

PS: there is also no thread here for them.

Speak of the devil:

 

"CSG HOLDINGS LIMITED

(Formerly M&S Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 2006/011359/06)
Share code: CSG
ISIN code: ZAE000184438
("CSG" or "the Company")

ACQUISITION OF A FURTHER 49% INTEREST IN SIGNIFICANT SITE SERVICES (PROPRIETARY)
LIMITED (?SSS (SA)?) AND SIGNIFICANT SITE SERVICES MOZAMBIQUE LIMITADA (?SSS
MOZAMBIQUE?) (COLLECTIVELY ?THE ENTITIES?) AND CAUTIONARY ANNOUNCEMENT

 

4.   Consideration for the Acquisition

    The aggregate purchase consideration for the Acquisition amounts to R61 238 433
    being R48 288 583 for a further 49% interest in SSS (SA) and R12 949 850 for a
    further 49% interest in SSS Mozambique. The purchase consideration will be settled
    through a cash payment of R4 000 000 with the remainder to be settled by the issue
    of new CSG shares. The number of CSG shares to be issued will be determined based
    on the volume weighted average price of CSG shares traded on the exchange
    operated by JSE Limited 30 days prior to the date on which the Full Agreements are
    entered into. Shareholders will be advised in due course of the number of new CSG
    shares to be issued pursuant to the Acquisition. The new CSG shares will be issued ex
    any dividend declared by CSG for the 13 months ended 31 March 2014."

 

- SENS today

[yusufm]

"2)      Specific repurchase of shares

     As a consequence of the Vlaklaagte disposal and Elandspruit acquisition, 14 285 714 Wescoal ordinary shares
     were issued to Proudafrique at 70 cents per share in terms of a specific issue of shares as detailed in the circular
     sent to shareholders on 15 January 2013 and approved by shareholders on 14 February 2013.

     The Minoscape acquisitions will result in Wescoal owning 100% of Proudafrique, resulting in a specific
     repurchase of shares by Wescoal. The attributed price from an accounting point of view for the specific
     repurchase was 200 cents per share, payable by a combination of shares and cash.

     The general meeting to approve the specific repurchase is expected to be on 27 June 2014.

     The intention is to repurchase these shares on 30 June 2014 and de-list these shares on 1 July 2014 once the
     resolution to approve the specific repurchase has been approved by shareholders."

 

- From SENS 9 May 2014

 

As such, I would not expect the WSL share price to move too far from 200c (unless it reverts to 200c before 30 June). 

 

After the 30th of June there will be 14 million less shares and no one holding the price down....

 

[Shi]

Any opinions on CSG? I don't know them, but am curious as Anthony Clark (SmallTalkDaily) seems to love it.

 

PS: there is also no thread here for them.

[Shi]

The results for WSL will be out on Tuesday so hopefully a positive spin to things. There should also be a decent divvie ... maybe 4c?

[Magnet]

Very big volumes going through for WSL though. They have not breached a million shares per day in a while. I see this as a positive.<br />

[Sugafoot]

</blockquote>
Will be interesting to see how the stock trades today.

Over the next 12-24mths there is lots of upside to WSL as they integrate MacPhail, continue Intibane production and begin to bring Elandspruit online.

At the end of the day Eskom needs all the coal it can get. </blockquote>

Very muted response by the share price yesterday... Closed 1c lower... Rather disappointing
Let's see

[yusufm]

PRIMESERV GROUP LIMITED
(?Primeserv? or ?the Group? or ?the Company?)
Incorporated in the Republic of South Africa
Registration number: 1997/013448/06
Share code: PMV
ISIN: ZAE000039277
www.primeserv.co.za 
e-mail: productivity@primeserv.co.za

REVIEWED PROVISIONAL RESULTS FOR THE TWELVE MONTHS ENDED 31 MARCH 
2014
FINANCIAL HIGHLIGHTS
Gross profit up 8%
EBITDA up 61%
Operating profit up 87%
Profit before tax up 164%
Headline earnings per share (HEPS) from continuing operations up 
64%
Net asset value (NAV) up 9%

[yusufm]

What do you guys make of the AVI announcement by Zeder? Share price making a move early this morning.

PSG owns quite a few shares and directors seem qualified correctly for the job. NAV is slightly less than current price but that isn't a problem with their earnings growing steadily per period.

 

Looks good but maybe wait for a pullback, ran too hard for my taste in the past few days to enter in the short-term

[RailRoad]

What do you guys make of the AVI announcement by Zeder? Share price making a move early this morning.

 

 

[longterm413]

Lost quite a bit on BSS so hoping to make it back on WSL

I've also lost a lot on them... Will wait it out though...

[Magnet]

Lost quite a bit on BSS so hoping to make it back on WSL

[yusufm]

Remember the recent Keaton (JSE:KEH) SENS was as follows:

 

So from a HEPS perspective it seems that the performance of Keaton is better.  That said - I currently own both Keaton and Wescoal.  Both are bringing a lot of production online and Wescoal has almost zero debt so there is a lot of room for growth.  Keaton's debt doesn't inspire a lot of confidence, but I'm hoping they can lessen their debt easily with their production rampup.  So sure, the trading statement compared to Keaton might seem weak but I think Wescoal is still a good candidate for a long term portfolio.

 

But yeah, make the trade and you can re-think when the full financials come out.  Keith did a great analysis of Wescoal recently: [link]

(I think Wescoal was still trading at 170c at the time)

 

I'm PM'ing you...