TRADER's Goal break down tracker - perfect for setting, tracking & achieving TRADING goals!
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Edited by RBM, 02 July 2021 - 05:00 PM.
Posted 02 July 2021 - 05:00 PM
TRADER's Goal break down tracker - perfect for setting, tracking & achieving TRADING goals!
Click this link to find out more https://www.etsy.com...p_home_active_1
Edited by RBM, 02 July 2021 - 05:00 PM.
Posted 02 March 2021 - 09:45 AM
I'm not sure of timelines but FY end is March 31st. So this bid is to avoid the closed period prior to results or at least a trading statement should there be +/-20% difference.
Anyone need a heads up...!
Posted 02 March 2021 - 09:36 AM
Get some popcorn.
This share re-purchase\buy back & now open market bid has been going on for 20mths in various formats...
Those who know aren't selling until the offer is at least R2 or above...
BID IN THE OPEN MARKET BY RBFT INVESTMENTS PROPRIETARY LIMITED TO ACQUIRE SHARES IN WESCOAL
Shareholders are referred to the announcement released on SENS on 16 February 2021 advising that RBFT
Investments Proprietary Limited (“RBFTI”) and its related persons, have published an announcement
providing details of their decision to increase RBFTI’s shareholding in Wescoal (the “RBFTI Bid”).
In this regard, shareholders are advised that the RBFTI Bid has been extended until the earlier of market
close on 5 March 2021 or such time as the maximum number of Wescoal shares has been acquired in terms
Edited by soutie, 02 March 2021 - 09:37 AM.
Anyone need a heads up...!
Posted 26 February 2021 - 04:54 PM
Total wanted 116mil
Total acquired 35.4mil
Guess it's sit tight for most peops.
Anyone need a heads up...!
Posted 23 February 2021 - 09:17 AM
To date.....22,9mil changed hands.
Today day #6 of 10.
Anyone need a heads up...!
Posted 18 February 2021 - 09:34 AM
To date 20mil changed hands
Day 1..... 18.9mil
Day 2..... 480k
Wonder what will be if they only manage to get +/-30 odd mil...???
Anyone need a heads up...!
Posted 16 February 2021 - 08:39 AM
Morning to all the long sufferers still in here & an extra special greeting to the sufferers whom I may of coerced into this....again apologies..... Anyhow laid out below is the nuts & bolts of today's SENS.
As always all comments thoughts welcome. Have a great day.
BID IN THE OPEN MARKET BY RBFT INVESTMENTS PROPRIETARY LIMITED TO ACQUIRESHARES IN WESCOAL HOLDINGS LIMITED
RBFT Investments Proprietary Limited ("RBFTI") and its related persons (collectively, the "Parties") currently hold 56.87% of the issued Wescoal Holdings Limited ("Wescoal") ordinary shares ("Wescoal Shares"). The Parties are desirous of increasing their shareholding in Wescoal (the "Transaction"). The Parties remain extremely confident in the prospects of Wescoal, as illustrated by their consistent acquisition of a significant amount of Wescoal Shares over the years.
The Transaction is being undertaken in order to increase the Parties' interest in Wescoal and simultaneously provides liquidity to the other holders of Wescoal Shares (the "Wescoal Shareholders") who may wish to sell their Wescoal Shares.
To this end, RBFTI wishes to draw Wescoal Shareholders' attention to the fact that RBFTI will, through its broker, Nedgroup Securities Proprietary Limited, from time to time place bids in the market from the commencement of trade on 16 February 2021 to acquire up to 116 million Wescoal Shares ("Maximum Number") at R1.20 per Wescoal Share ( the "RBFTI Bid").
The RBFTI Bid will remain open for acceptance by the Wescoal Shareholders until the earlier of market close on 26 February 2021 or such time as the Maximum Number has been acquired. Settlement will take place as and when the RBFTI Bid is accepted through the JSE settlement process.
The RBFTI Bid is an exempt partial offer in terms of the relevant provisions of the Companies Act, No. 71 of 2008 and should in no way be construed as a general offer by RBFTI to acquire the remaining voting securities in Wescoal.
Johannesburg
16 February 2021
Broker contact details
Nedgroup Securities
Email: NedbankEquities@Nedbank.co.za
Tel: +27 11 295 8227
Anyone need a heads up...!
Posted 24 January 2020 - 11:54 AM
See ex chairman propping it up...quite ironic seeing as a lot of the head office shennanigans can be laid at his door...
Nobody else in the company anywhere near it....!
Why....?
Anyone need a heads up...!
Posted 26 November 2019 - 10:01 AM
Reading through the whole results I came across this....
7. Share capital Share buy-back The company reserved an additional R33.8 million (FY19: R6 million) for the buy-back of its ordinary shares during the year. The funds were transferred to Legae Securities to facilitate the buy-back on its behalf. The remaining R0.1 million (FY19: R1.9 million) is included under trade and other receivables. During the period July 2019 through to September 2019, 22 393 777 of the company’s ordinary shares were purchased on-market. The shares were acquired at an average price of R1.59 per share, with prices ranging from R1.35 to R1.65. During the period August 2019 through September 2019, 5 564 930 of the company’s ordinary shares were purchased on-market. The shares were acquired at an average price of R1.85 per share, with prices ranging from R1.76 to R2.18. These shares will be cancelled in due course
I'm sure all who hold shares in this would most certainly have noticed that this isn't exactly true....! Off market maybe but who...?
When did it get above R2....?
Edited by soutie, 26 November 2019 - 10:04 AM.
Anyone need a heads up...!
Posted 09 November 2019 - 11:42 AM
Posted 08 November 2019 - 06:19 PM
Posted 08 November 2019 - 05:15 PM
I've consistently backed this piece of sh#t for yrs in the belief that it will be a BEE champion.....Oh how f#cking wrong can you be....8yrs wrong that's how...!
https://www.sharenet...0&seq=46&scode=
After reading this garbage it's pretty obvious that this has turned into a mutt of note.....& management seem to be overwhelmed...
Will sell before yr end.
Rant over.
Good w/end to all.
Anyone need a heads up...!
Posted 16 October 2019 - 04:16 PM
AGM today....
This is the bit I really like....
Shareholders are advised that the following resolutions were withdrawn prior to the commencement of the annual
general meeting:
• Ordinary Resolution Number 1.1 relating to the re-election of Ms DMT van Gaalen and Mr JG Pansegrouw as
independent non-executive directors of the Company
These 2 Muppets have been on the board waaaaay too long & as for Ms van Gaalen no comment....!
Next items should be trading statement & update on progress at Moabsvelden....to be continued....
Anyone need a heads up...!
Posted 24 August 2019 - 09:16 AM
Posted 23 August 2019 - 03:49 PM
No need for my back of the napkin maths no more. It's all here....
https://www.sharenet...0&seq=35&scode=
Have a great w/end...
Anyone need a heads up...!
Posted 07 August 2019 - 01:12 PM
Total for July Month.
Traded +/- 1,920,000
Value +/- R3,477,000
Name: T Tshithavhane Designation: Executive director Date of transaction: 19 July 2019 Class of securities: Ordinary shares Number of securities: 80 500 Price per security: R1.42 Total value: R114 310 Date of transaction: 22 July 2019 Class of securities: Ordinary shares Number of securities: 50 000 Price per security: R1.42 Total value: R71 000 Nature of transaction: Purchase on the open market Extent of interest: Direct beneficial Clearance to deal: Yes Name: R Demana Designation: Executive director Date of transaction: 31 July 2019 Class of securities: Ordinary shares Number of securities: 160 000 Price per security: R1.60 Total value: R256 000 Nature of transaction: Purchase on the open market Extent of interest: Direct beneficial Clearance to deal: Yes
Edited by soutie, 07 August 2019 - 01:15 PM.
Anyone need a heads up...!
Posted 30 July 2019 - 05:09 PM
Thursday & Friday last week:
+/- 492,000 Traded...Value +/-R762,000
Today: +/- 612,000 Traded....Value +/-R971,000
Cheers.
Anyone need a heads up...!
Posted 25 July 2019 - 10:19 AM
I'll be keeping a record of buys from 23rd's announcement of the buy-back.
I will however be treating it as WSL is the only buyer.
Please don't expect a spread sheet analysis...
As of close yesterday +/- 460,000 traded...Value +/-R668,000
Cheers.
Edited by soutie, 25 July 2019 - 10:20 AM.
Anyone need a heads up...!
Posted 23 July 2019 - 04:26 PM
Given the severely subdued price I fully concur with the SENS below.
VOLUNTARY ANNOUNCEMENT: GENERAL REPURCHASE OF SHARES Wescoal announced at its annual results presentation for the financial year ended 31 March 2019, that it intends distributing capital to its shareholders (“Shareholders”) by way of a general repurchase in terms of the general authority granted by Shareholders at the annual general meeting held on Wednesday, 23 January 2019 (“Repurchase”). Wescoal is pleased to inform Shareholders that it has with effect from 23 July 2019 appointed a broker to implement the Repurchase. The Repurchase will be implemented in accordance with the Companies Act, No 71 of 2008, and the JSE Limited (“JSE”) Listings Requirements through the order book operated by the JSE, and in a series of unrelated transactions without any prior understanding or arrangement between the Company and the counter-parties. 23 July 2019
Edited by soutie, 23 July 2019 - 04:27 PM.
Anyone need a heads up...!
Posted 15 July 2019 - 02:03 PM
Anyone need a heads up...!