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#1 Magnet

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Posted 17 July 2019 - 03:49 PM

Definately on the move now...

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Someone is sucking up a ton of sells at 11c


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#2 skeez

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Posted 16 July 2019 - 09:13 PM

Definately on the move now...

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#3 Magnet

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Posted 16 July 2019 - 04:12 PM

1.5m on the bid @ 11c and only 27k available at 12c.  If someone wants a whole lot of these they will need to pay at least 13c now.

 

There we go. 13c paid.


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#4 Magnet

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Posted 16 July 2019 - 02:31 PM

I'm not so sure that institutions would want a piece of this anymore..?

Nimble boutique houses & fund of funds maybe..?

5mil @ 11c when taken in context value wise not much...but agree there's some interest at least.

IMO only when they can show regular albeit slow growth will big boys return & that's only when they sort their boardroom nonsense & steady the ship with a well communicated strategy & some decent appointments.

I have some & mistakenly averaged down...don't want any more  but happy to hold for the above to play out...

 

1.5m on the bid @ 11c and only 27k available at 12c.  If someone wants a whole lot of these they will need to pay at least 13c now.


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#5 soutie

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Posted 16 July 2019 - 09:36 AM

I'm not so sure that institutions would want a piece of this anymore..?

Nimble boutique houses & fund of funds maybe..?

5mil @ 11c when taken in context value wise not much...but agree there's some interest at least.

IMO only when they can show regular albeit slow growth will big boys return & that's only when they sort their boardroom nonsense & steady the ship with a well communicated strategy & some decent appointments.

I have some & mistakenly averaged down...don't want any more  but happy to hold for the above to play out...


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Anyone need a heads up...!


#6 Magnet

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Posted 15 July 2019 - 11:51 PM

Hoping for another profitable year and half. IF so I think we could see a huge rerate to 30c+ with some institutional investors getting back in

Edited by Magnet, 15 July 2019 - 11:52 PM.

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#7 Magnet

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Posted 15 July 2019 - 11:11 PM

Hi Magnet

Where can u get this info? In terms of who is selling and at what quantities...

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Pretty much any level 2 provider. You can view the best offer and bid quantities for free on moneyweb or fin24. Any further detail u will need to pay for.
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#8 skeez

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Posted 15 July 2019 - 10:26 PM

Hi Magnet

Where can u get this info? In terms of who is selling and at what quantities...

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#9 Magnet

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Posted 15 July 2019 - 06:08 PM

5million shares being traded today. Someone getting out?


Someone getting in as well... offer was for 11c all day. All offers getting sold into so far. See another 1mil got put on the offer at 11c. Let's see if the seller runs out of shares to sell...
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#10 Trader1

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Posted 15 July 2019 - 04:24 PM

5million shares being traded today. Someone getting out?
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#11 Shi

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Posted 13 July 2019 - 08:54 PM

Trading Statement in 2 weeks.  Wonder what the load shedding done to revenues.  Hopefully positive stuff as this marketcap is now less than 1/20 of revenue.

 

Then there must be other reasons why the market cap has suffered … Ellies is mentioned in here https://www.business...-tongaat-2019-6

 

Heres the important bit

There’s one thing common to all of these companies, which should have alerted investors to stay far away, says Peter Armitage, founder of the asset manager Anchor Capital. The dead giveaway was the combination of being heavily indebted and seeing slowing earnings growth.


Edited by Shi, 13 July 2019 - 08:55 PM.

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“One day Alice came to a fork in the road and saw a Cheshire cat in a tree. Which road do I take? she asked. Where do you want to go? was his response. I don't know, Alice answered. Then, said the cat, it doesn't matter.” - Lewis Carroll

#12 Trader1

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Posted 12 July 2019 - 05:16 PM

Trading statement only comes out if results are at least 20% different from the prior year. So it's not guaranteed.

Edited by Trader1, 12 July 2019 - 05:19 PM.

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#13 Magnet

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Posted 10 July 2019 - 02:44 PM

Trading Statement in 2 weeks.  Wonder what the load shedding done to revenues.  Hopefully positive stuff as this marketcap is now less than 1/20 of revenue.


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#14 Magnet

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Posted 12 June 2019 - 09:40 PM

https://decimalagency.com

Interesting these guys teamed up with Ellies towards the end of last year. They have some big names they are working with too. Bosch, Siemens, Ster Kinekor to name a few.


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Edited by Magnet, 12 June 2019 - 09:42 PM.

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#15 Magnet

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Posted 12 June 2019 - 01:30 PM

Maybe after a 1 to 100 share cosolidation yep.

 

Okay back in for a bit over a`mil shares at 12c lets see where this goes - took a while to get them.  Dont think we have a company on jse earning revenues of 20x + its market cap. Simple operational efficiencies should derive a profit.

 

I reckon this is the unknown for results next month and could have a huge positive effect on 2nd Half profits:  https://www.fin24.co...spikes-20190322  


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#16 Magnet

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Posted 11 June 2019 - 02:05 PM

Today the sun was out which means that this share is going back to R10. Just you wait

 

Maybe after a 1 to 100 share cosolidation yep.


Edited by Magnet, 11 June 2019 - 02:06 PM.

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#17 Trader1

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Posted 11 June 2019 - 01:53 PM

Today the sun was out which means that this share is going back to R10. Just you wait
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#18 skeez

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Posted 10 June 2019 - 04:05 PM

I just hope it has bottomed out. Waiting for one reporting cycle and if this does not move am out 👏

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#19 Midas1

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Posted 10 June 2019 - 12:58 PM

I ditched it while ago was sick of looking at it...put money in jubilee
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#20 Magnet

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Posted 10 June 2019 - 11:29 AM

Anyone holding this share now is a very brave soul


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