302 replies to this topic

[myusuf]

I sold out at 3,5 as I got scared

 

What happens if we buy now - should we buying.... i

[soutie]

Hi

 

I got in @ R3,80

 

Please advise how the rights issue works

By when do South Africans have to pay for it and will our brokers contact us

 

Once the shares are issue - around what price are we looking at this settling

 

For eg if you have 10000 * R3,80 = 38K

Rights issue is 46,000 *R0,21...

 

Net cost is around 23-24 cents per share

 

Where will the share price settle? seems to good to be true on face value if you take up the rights or am I reading it wrong

 

 

TX

Are you aware of what you actually bought......plus what you NOW own.....From the above post you're R38k investment will turn into a R134k investment or zero.

Do some research on rights issues....try investopedia...The market does not give away "free" money that's why we share ideas/opinions on sites like this.

Good luck

Yes you're reading it wrong.....Are you in already...?....You're now on the hook for another R96k

[soutie]

So which share should you buy?

 

None at the moment .........This is advise use it or lose it............unless you already have a holding.

[SLEEKONE]

so if I but that one does it entitle me to the rights issue and upto what date is that share tradeable

The people who will get the rights are the ones who are bleeding now. They are the ones who bought the share cum rights. In other words, the ones who voluntarily got butt nipped.

[myusuf]

so if I but that one does it entitle me to the rights issue and upto what date is that share tradeable

[crowe]

So which share should you buy?

[SLEEKONE]

what is the share "LONN"

Can someone explain what it is and how it works

That is the rights issue code

[myusuf]

what is the share "LONN"

 

Can someone explain what it is and how it works

[crowe]

my bids and offers are showing 2c & 3c!!! or is the Standard bank platform up to ****?

[myusuf]

too many sellers - this share still has another 25% to fall

[crowe]

So.....

 

for those of us who have never bought any of these shares, would this be a good time to buy at 30c??

[jaDEB]

If it is crying, hope you u come right, and recover. I was close buying @ about R2.00, but decided against it.

[jaDEB]

Ninja, is that crying or Smiley faces?

[Ninja]

😂😂😂😂😂

[SLEEKONE]

So when are investors getting their rights?

[myusuf]

If you buy the rights LONN - Does that entitle you to the rights issue?

 

The shouldn't that price be closer to 21c

[myusuf]

Im so relieved I didn't get into to Lonmin rights -  to watch the share price drop 85% on ones portfolio must be sickening

[Rulz3]

Imo lonmin trading ex right 22c and the rights trading at 1c

[myusuf]

will there be a price consolidation post rights - ie increase the price and reduce your shares.

 

If there is then there will be limited upside.

[Ninja]

Now that it's approved... Expect last lot of losers to sell out and walk away, only serious shareholders will fork out and get the 46 extra shares at .214c

Then everybody becomes a buyer and no sellers

Platinum price recovers, mining continues and everyone is happy

Alternatively, platinum prices don't recover, they go bankrupt again in 6months time and u loose everything u put in now

Edited by Ninja, 19 November 2015 - 01:43 PM.