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Distribution and Warehousing Network Ltd. – DAW


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#61 Midas1

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Posted 03 December 2018 - 07:18 PM

Hi , is this company delisiting? anyone buying any these...thought results meant be out today. Tx

 

 


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#62 Polly

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Posted 03 December 2018 - 06:09 PM

This offer makes no sense at all. 1 cents per share. That would mean they can buy the whole company for 6 million rand? How can board accept this? 

good r/r buy at 2c now...cant see offer of 1 c being acceoted,,Bet Bidvest will looking at this closely


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#63 SB45

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Posted 03 December 2018 - 05:27 PM

Andi spot on, but the offer, quite leaves a lot to be desired....who else was eying dawn? We could see bidding war if there are other parties that were eying dawn....1c
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#64 andi222

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Posted 03 December 2018 - 05:17 PM

This offer makes no sense at all. 1 cents per share. That would mean they can buy the whole company for 6 million rand? How can board accept this? 


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#65 Polly

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Posted 03 December 2018 - 04:41 PM

dont know if this has been updated:

 

 

Coronation Fund Mangers 13.74% Investec 3.32% RAC Investment Holdings 16.76% Ukhamba Holdings (Pty) Ltd 21.18%
 
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#66 Polly

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Posted 03 December 2018 - 04:39 PM

now this what what you call a con job.........

 

hope hey dont get the required % age approval... and they actually shouldnt unless other shareholders working in cahoots


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Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”


#67 Matrix

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Posted 03 December 2018 - 04:23 PM

SENS: DISTRIBUTION AND WAREHOUSING NETWORK LIMITED – Joint Announcement Of A Firm Intention Offer By Offeror To Acquire All Of The Issued Shares Of Dawn Excluding Shares

 

**** not good news for DAWN shareholders, or am I missing a possible good outcome that will make the current share price of 1cent worth while?


Edited by Matrix, 03 December 2018 - 04:28 PM.

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#68 andi222

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Posted 22 November 2018 - 01:56 PM

Gossips are around that former DAWN CEO Derek Tod might make an offer to buy DAWN.

 

So now two big players are in line that might make an offer to buy this company. Will be interesting if Bidvest will announce this soon. 


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#69 andi222

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Posted 21 November 2018 - 02:59 PM

Interim results are due this week and hopefully they will bring some light to the cautionary announcement. Or does anyone know what the cautionary entails?


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#70 andi222

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Posted 15 November 2018 - 03:11 PM

Could this kind of cautionary refer to a rights issue?

 

No, they already had a rights issue a year ago for R1 per share. They are nearly debt free so I think its either a take over offer or an announcement that a business unit will be sold for a good price.


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#71 Shi

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Posted 15 November 2018 - 11:52 AM

Yeah amazing haha. I think they either selling a loss making division or Bidvest might have made an offer to buy whole company. Either case I still see a big jump for this share 

 

Could this kind of cautionary refer to a rights issue?


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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

#72 andi222

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Posted 14 November 2018 - 07:53 PM

Yeah amazing haha. I think they either selling a loss making division or Bidvest might have made an offer to buy whole company. Either case I still see a big jump for this share 


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#73 Lionelza1

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Posted 14 November 2018 - 03:45 PM

What happens to the share if they are bought over
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#74 Lionelza1

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Posted 14 November 2018 - 01:38 PM

Yoh andi that was a good one eh
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#75 andi222

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Posted 14 November 2018 - 10:36 AM

Wow 100% this morning on the cautionary announcement. Wonder what it is. Does anyone have more information?


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#76 andi222

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Posted 06 November 2018 - 11:39 AM

So at the current price of 5 cents all news will be positive. The only bad news that could push this share down even further is liquidation. They will report a loss in their interim financials, however they are on track with their cost-cutting plans to become profitable in 2019 or 2020. The most important thing is they are close to debt free and this came at a cost to shareholders (rights issue). That's why we see the price at 5 cents and not at 50 cents. People lost lots of money here if you look at where this share was sitting 1-5 years ago.


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#77 realkingkam

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Posted 06 November 2018 - 08:58 AM

Nice, court case solved. Positive news flowing in now. Looking forward to interim financials.

Do you think it will be positive?

I reckon until the construction industry starts churning nothing is going to happen
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#78 andi222

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Posted 05 November 2018 - 05:07 PM

Nice, court case solved. Positive news flowing in now. Looking forward to interim financials. 


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#79 andi222

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Posted 16 October 2018 - 04:58 PM

Good article to read:

 

https://www.business...sh-hungry-dawn/


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#80 andi222

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Posted 16 October 2018 - 03:06 PM

I think we have found a bottom here at 7 cents. Every time someone want to push the price down it gets bought up fast. 

 

Current price is trading at a 90% discount to the rights offer price. Very interesting where this one is going.


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