I guess someone is having cashflow problems?! And the skuld is going thru the roof. Where is the promised dividend from the first half, hmm Doktor? More interesting is the R21m payment for security to your Next investments. Not feeling safe? Lets see if the stupid mystery buyer keeps on propping up the share, good luck to him.
We come from different perspectives on TTO as it has been very kind to me, but the results do not look bad to me. 70c earnings, yes debt up but so are loans made to students/property buyers. I think lack of dividend is perhaps final proof a delisting not far off, still think 480c likely. Anyway I am effectively out, down to my last 10%, will sell another 4% if can get 450c, then wait till next year for CGT reasons to dispose rest or be delisted.
ps. Wrong to say it a mystery buyer, it is the Riskowitz funds.
pps. Security payment not the armed type but for QVR guaranteeing something financial, think it was related to the mine, but not really bothered to look it up anymore.