Looks like my estimate of 30% down after share consolidations was a bit off. I still see no value in share consolidations as the shareholders take all the risk of exposing themselves to the downside again and yet it happens time and time again where shareholders approve the consolidations. Why I ask you , why????
Yes I agree. This is really disappointing. I note today it went down to R13 per share. Often I am just too scared to look as I will be getting a new surprise. So it has now lost more that 50% of its value since the consolidation at R30.
I think this downward spiral is due to world economy under threat of all sorts of things. Ukraine conflict, high inflation, high energy prices, rampant inflation. The problem with Trident steel just hastened the downward trend. Al shares are taking a knock.
I am in it for the long haul. I think we should ride it out as they have good businesses in McDonnel and Moolmans. I am sure the share will recover.
Yes, and now no one hears anything from Aveng management to calm down the situation. They are now missing in action