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Aee looking good


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#1 morey

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Posted 12 January 2017 - 09:03 AM

R5 would be fair value, but not many shares are at fair value on jse because of negative sentiment. As per my first message, management value the entire company at R 6.50, but that also tends to mean nothing. When the seafood company lists separately it will be a purely NAV play so it should tick up, but for me I will take my profit at R4.
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#2 SoleTrader

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Posted 11 January 2017 - 07:26 PM

I see the share is one of Anthony Clark's calls for 2017. Calling it to 500c.
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#3 morey

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Posted 05 January 2017 - 01:10 PM

Thought so at the time. Seems like a NAV asset to the mother company. Ticked up nicely from R3 to R4. Gonna get out at these levels, thought R4.30, but will take R4
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#4 MrDividend

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Posted 05 January 2017 - 07:48 AM

@morey, are you sure you getting free shares? Their roadshow presentation indicates that they not unbundling Premier to investors. Also, does the 650c refer to AEE or to Premier?

 

I own a few myself and have not heard about existing share holders receiving new shares in the new company. which is a pity as I think it's the better way to go as more shareholders = better liquidity. It probably will just be listed aside and AEEI will own a big chunk. 

 

I am waiting for P fishing to move operations to Saldanha and covert their waterfront factory to loft apartments at 20 mill a pop :)


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#5 SoleTrader

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Posted 04 January 2017 - 06:52 PM

@morey, are you sure you getting free shares? Their roadshow presentation indicates that they not unbundling Premier to investors. Also, does the 650c refer to AEE or to Premier?
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#6 morey

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Posted 18 November 2016 - 11:09 AM

Aee about to list Premier Foods and fishing in first quarter next year. We should get free shares in the new entity and keep existing shares. Management quantify the total package worth R6.50. The current PE of about 8 is also too low in my opinion the share price should be in the R4.20 to R 4.30 range. I do own shares in the company.
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