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#1 Shi

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Posted 18 October 2017 - 12:52 PM

30c and still dropping, no sign of this one turning just yet.


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#2 Shi

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Posted 22 June 2017 - 02:53 PM

I couldn't agree more.

 

My biggest concern is that the share will open at X amount and a few weeks later drop 50% of it's value due becoming illiquid as maybe people will realise the company will only start making profit maybe 2019.

 

Can't say that we didn't see this coming. 65c and still dropping.


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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

#3 purply

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Posted 03 May 2017 - 10:11 AM

The school side figures looks really bad, I wouldn't be surprised if the retirement side looks even worse.
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#4 Jack5

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Posted 03 May 2017 - 09:47 AM

I really wanted to like this share, but it's small things that start to irritate me about these guys. It just feels like the original shareholder is out to make as much money as he can out of this deal to benefit himself.

 

They listed specifically excluding the retirement villages business, which was a running business, and only listed the schools business which was barely a business at that stage. They did say that they would include the retirement business at a later stage. I did not think the later stage would be less than 2 months after listing.

 

Now they will have to use funds raised specifically for the schools business in order to purchase the retirement business from the owner. Where does this leave the schools expansion plans? Will they be going back to the market for more money?

 

The original shareholder is now freeing up his own cash and paying off his own debt and owning a bigger share of a larger business, at the expense of other shareholders.

 

Why exclude the retirement business in the first place, are the figures so bad that it would have made the prospectus look bad?


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#5 100ways

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Posted 30 March 2017 - 02:05 PM

Got fully subscribed, even if it was for a few 100 shares for the kids


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#6 JR7800

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Posted 30 March 2017 - 12:49 PM

Hi all

 

I see that the Rand value for the amount of shares I wanted to subscribe for, have been taken from my trading account balance (ABSA platform).

 

Have any one else also seen this on there accounts.

 

I am actually still in two minds on this share but nothing ventured, nothing gained.

 

Hoping for a good rally.


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#7 Jack5

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Posted 28 March 2017 - 04:14 PM

I see notice on SENS that shares have been fully subscribed (mostly retail investors) and they will receive full allocations.


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#8 cypher

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Posted 27 March 2017 - 06:01 PM

Intention was to list during this month and since there is no news, they have already disappointed the market ... not a good start.

Looking at their school fees (between 30 and 40K), they state that they cheaper than their competitors ... who is their competitors?

http://www.plgschool.../investors.html

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#9 cypher

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Posted 27 March 2017 - 05:57 PM

Intention was to list during this month and since there is no news, they have already disappointed the market ... not a good start.

Looking at their school fees (between 30 and 40K), they state that they cheaper than their competitors ... who is their competitors?

http://www.plgschool.../investors.html


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#10 Shi

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Posted 27 March 2017 - 05:15 PM

Any news on allocation ?


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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

#11 purply

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Posted 20 March 2017 - 10:30 AM

Concerns:

 

* Valuation is astronomical by any measure (literally any measure)

*The listing is in the best interests of management (salaries, internal web of companies, vendor debt holders, construction company, retaining control)

*management has no track record

*The balance sheet is non-existent

*Revaluations of properties are based on inter company rental agreements that imply "good tenants" 

*There is no large shareholder backing this thing

*The listing is not underwritten by anyone (no surprise there) 

*It looks like these guys saw a gap by following the likes of Curro and Advtech who are completely different operators

 

The bottom-line is there is no business, no balance sheet and no track record. I

 

I will be surprised if the listing is a success, a bit of who is the bigger fool theory. 

 

This should have gone the private equity route. 

I couldn't agree more.

 

My biggest concern is that the share will open at X amount and a few weeks later drop 50% of it's value due becoming illiquid as maybe people will realise the company will only start making profit maybe 2019.


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#12 dnicv

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Posted 20 March 2017 - 09:20 AM

Concerns:

 

* Valuation is astronomical by any measure (literally any measure)

*The listing is in the best interests of management (salaries, internal web of companies, vendor debt holders, construction company, retaining control)

*management has no track record

*The balance sheet is non-existent

*Revaluations of properties are based on inter company rental agreements that imply "good tenants" 

*There is no large shareholder backing this thing

*The listing is not underwritten by anyone (no surprise there) 

*It looks like these guys saw a gap by following the likes of Curro and Advtech who are completely different operators

 

The bottom-line is there is no business, no balance sheet and no track record. I

 

I will be surprised if the listing is a success, a bit of who is the bigger fool theory. 

 

This should have gone the private equity route. 


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#13 PlatinumWealth.co.za

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Posted 20 March 2017 - 09:14 AM

Holding thumbs for this one.


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#14 Jack5

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Posted 20 March 2017 - 08:31 AM

Available on Standard Bank too now


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#15 PlatinumWealth.co.za

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Posted 17 March 2017 - 07:33 PM

 

Hi all
 
Just received a mail from ABSA that the prelisting offer of the shares for PEMBURY LIFESTYLE GROUP LIMITED is now available on their platform.
 
Checked it and it is available.

 

sweet
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#16 JR7800

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Posted 17 March 2017 - 04:18 PM

Hi all

 

Just received a mail from ABSA that the prelisting offer of the shares for PEMBURY LIFESTYLE GROUP LIMITED is now available on their platform.

 

Checked it and it is available.


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#17 PlatinumWealth.co.za

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Posted 15 March 2017 - 07:55 PM

On easyequities I managed to reserve some.


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#18 Jack5

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Posted 15 March 2017 - 05:05 PM

Anybody been offered shares yet? I don't see this on Standard Bank yet.

Also wondering about that, Haven't seen anything either.


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#19 Shi

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Posted 14 March 2017 - 01:25 PM

Anybody been offered shares yet? I don't see this on Standard Bank yet.


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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

#20 PlatinumWealth.co.za

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Posted 10 March 2017 - 09:44 AM

It will probably do well on listing, my guess oversubscribed and price will probably double shortly afterwards. People are hoping this is the second Curro, and won't care about figures as long as its in the education sector.

 

I like the sector too, just don't like the figures. I look at it as a long term investor. As a trader maybe worth a quick punt and then dump.

That is why I am buying - Both my other two private school stocks did so damn well I am blinded by emotions of good tinkling sparkles inside :P


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JSE and ZARX Finance and Investment Forum -> https://platinumwealth.co.za/

Do you run an investment club? -> https://www.platinum...nvestment-Clubs

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