Guys plz note this is not a pump on this share..merely a tata ma chance...
last time bought averaged 28 and sold at 34..
was think of getting in on drop 2 weeks ago to 26...but hesitated..
today i thought around R20.00 ill get in for a rebound back towards R25.00
This share is very similair to steinhoff issuing expensive script to acquire companies.. However non of th sellers are suing because no fraud involved..All transactions were in good faith. It came about later that maybe there was fraud in sense of backhand deals etc etc but none were proved and company was cleared of all wrong doings except one company which they said they were unaware of its corrupt activities and therafter revered sold company back to original owners but took the loss...
Can this company share price go lower like steinhoff? remember peak of R140.00..
yes...at moment it may seem clever monies dumping.. Thinking about it properly imo the dumpers sold it off big the first time ..redistribution happened....and new institutions who thought it had value at that sold down prices came in and bought....Now once again drop from 40 to 20 , i feel same institutions who bought getting out now at cost or below...redistribution again...ad new silly monies may be buying but institutions as well....If i remember properly PSG bought a big slice of the pie when it fell...
with the microsoft agreement in taters, this will definitely effect bottom line going forward... So chance it may go lower , much lower....thats the risk you take...thats why the dump by clever monies
Edited by Polly, 12 February 2019 - 02:02 PM.
