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What is going on at Basil Read

short bsr

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#1 Shi

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Posted 30 January 2018 - 09:24 AM

As per SENS:

Basil Read proposes to raise R300 million through an offer of approximately 1 363 636 364 Rights Offer shares at a price of R0.22 per Rights Offer Share in the ratio of
1 035.45602 Rights Offer Shares for every 100 existing Basil Read ordinary shares held on the initial record date for the Rights Offer, being Friday, 9 February 2018.


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#2 Bits

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Posted 22 October 2014 - 09:16 PM

Oh - sorry, guess it may have been a 34g bag each day.. at some point the discount to NAV is going to lure me under this knife/piano..

 


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#3 Bits

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Posted 22 October 2014 - 09:12 PM

Not Nik Naks..  they'd need to sell 2 shares for that.. 


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#4 cdb999

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Posted 22 October 2014 - 11:49 AM


Anyone have any clues as to why someone would do a 1 share sell at R4.60 the last two mornings? Just curious..

 
Weird, Maybe it is a automated trade? Or they need to buy a pack of nik naks

Haha ha ha ha

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#5 Mr.Balls

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Posted 22 October 2014 - 11:47 AM

Anyone have any clues as to why someone would do a 1 share sell at R4.60 the last two mornings? Just curious..

 

Weird, Maybe it is a automated trade? Or they need to buy a pack of nik naks


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#6 Bits

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Posted 22 October 2014 - 09:44 AM

Anyone have any clues as to why someone would do a 1 share sell at R4.60 the last two mornings? Just curious..


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#7 yusufm

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Posted 24 June 2014 - 09:17 AM

would be with you but no shorting of this one on SBK's platform :(


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#8 verge

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Posted 23 June 2014 - 07:53 PM

Basil Read brought out a trading update - see http://www.basilread...-06-06-2014.pdf  - that said they expect headline earnings to be 270% LOWER than previous six months. With recession and all it does not sound good. Construction companies are cyclical - right? Which I think means they are reliant on the general economy. Share has been trending down since trading update. AGM is sometime soon - think thew 26th of June. Looks like a short to me!


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