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#1 Polly

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Posted Today, 11:03 AM

Hi Polly,

 

I know you don't hold Ellies, I don't have many but just curious how they released nothing re agm on sens and also now changed their interim results date from 6 Dec to 13th...Are they allowed to do that? I think they could be in trouble. Thanks.

 

Also Dawn,,,is it game over after today? this is last day the competitors board can intervene. And can you hold the shares after they delist or do you have to take the 1c per share. If I have the option Ill hold and take dividends from company as guy offering 6 million must have something up his sleeve...Thanks.

 

Know you trading so Ill wait to hear response when you can..

 1. Ellies...yes can delay results..allowed as long as within JSE stipulated time frame

 

2. if offer accepted , you are forced to accept the offer if 75% of votes agree to it....You have no choice


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#2 Midas1

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Posted Today, 11:00 AM

Hi Polly,

 

I know you don't hold Ellies, I don't have many but just curious how they released nothing re agm on sens and also now changed their interim results date from 6 Dec to 13th...Are they allowed to do that? I think they could be in trouble. Thanks.

 

Also Dawn,,,is it game over after today? this is last day the competitors board can intervene. And can you hold the shares after they delist or do you have to take the 1c per share. If I have the option Ill hold and take dividends from company as guy offering 6 million must have something up his sleeve...Thanks.

 

Know you trading so Ill wait to hear response when you can..


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#3 Midas1

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Posted 07 December 2018 - 07:01 PM

This whole thing is dodge omw. Can't believe they just burned 390 million of cash in a year. and as you said, i think there is some dodgy deals behind this. Tod buying this company for 6 million. I'm pretty sure he promised management a lekker bonus after a year if this thing will go through. Can't believe this is allowed on the JSE. And even if u look at equity they should at least pay 13 cents. But now its a real joke. 

Their firm offer said 5 working days for competition authority to approve. I think that would be Monday, I sincerely hope they don't approve sounds so dodgy!


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#4 andi222

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Posted 07 December 2018 - 06:27 PM

they will obviously make it look real bad writing off as much fat as possible..in order for sharegolders to0 approve 1c

 

i find this very interesting and laughable..

 

The financial results on which this trading statement has been based, have not been reviewed and reported
on by DAWN's auditors.

The trading statement has been reviewed by SNG Grant Thornton, a JSE accredited auditor in compliance
with section (111)(9) of the Companies Regulation, 2011 and paragraph 3.4( B)(viii)(1)(aa) of the Listings
Requirements. Their unmodified report is available for inspection at DAWN registered address.

 

 

Never ever heard a trading statement been reviewed by auditors before...and what unmodified report they referring to for a trading statement?

 

 

This whole thing is dodge omw. Can't believe they just burned 390 million of cash in a year. and as you said, i think there is some dodgy deals behind this. Tod buying this company for 6 million. I'm pretty sure he promised management a lekker bonus after a year if this thing will go through. Can't believe this is allowed on the JSE. And even if u look at equity they should at least pay 13 cents. But now its a real joke. 


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#5 Polly

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Posted 07 December 2018 - 05:56 PM

Dawn Trading statement looks bad.

they will obviously make it look real bad writing off as much fat as possible..in order for sharegolders to0 approve 1c

 

i find this very interesting and laughable..

 

The financial results on which this trading statement has been based, have not been reviewed and reported
on by DAWN's auditors.

The trading statement has been reviewed by SNG Grant Thornton, a JSE accredited auditor in compliance
with section (111)(9) of the Companies Regulation, 2011 and paragraph 3.4(B)(viii)(1)(aa) of the Listings
Requirements. Their unmodified report is available for inspection at DAWN registered address.

 

 

Never ever heard a trading statement been reviewed by auditors before...and what unmodified report they referring to for a trading statement??


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#6 Midas1

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Posted 07 December 2018 - 03:55 PM

Dawn Trading statement looks bad.


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#7 Midas1

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Posted 07 December 2018 - 10:18 AM

Hi P, any ideas whats good buy today for swing trading?? been trying richemont but being evasive...wanted to laugh yesterday what you said about when stocks bad people buy tobacco...bats went up...


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#8 Midas1

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Posted 06 December 2018 - 01:43 PM

Crazy share day...bought npn cheap and still trying for richemont but price isn't coming to me ..haha.. my price a little low...did get bhp tho which is good..


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#9 Polly

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Posted 06 December 2018 - 08:22 AM

HI yes but was before their meeting..would thought once the vote was agreed they do another one

worrying  thing here is board have agreed on that offer is fair...Now waiting for Independent confirmation..

 

If they give go ahead then about a done deal


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#10 leo

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Posted 06 December 2018 - 08:21 AM

i have benver had a trade like this....exactly why i said i wont short snh as its too close to suspension.. My interpretation is what i posted but best check with your broker..

So if you short @ R1.80 and suspended at R1.50....you good for 30c....but can u caSH THAT 30c?? you will get intere4st on your short though...now if company is liquidated and worth zero , who is going to pay you that R1.50???


Exactly what my broker said. Even Shorting seemsvery risky

Sent from my SM-G935F using Sharenet Sharechat mobile app
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#11 Midas1

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Posted 06 December 2018 - 08:16 AM

That Huawei arrest going play nice games with tc and alsi..


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#12 Midas1

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Posted 06 December 2018 - 08:12 AM

DAW already put out a sens last week...

HI yes but was before their meeting..would thought once the vote was agreed they do another one


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#13 Polly

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Posted 06 December 2018 - 08:06 AM

A question. what happens to a cfd if the share is suspended?

Sent from my SM-G935F using Sharenet Sharechat mobile app

i have benver had a trade like this....exactly why i said i wont short snh as its too close to suspension.. My interpretation is what i posted but best check with your broker..

 

So if you short @ R1.80 and suspended at R1.50....you good for 30c....but can u caSH THAT 30c??   you will get intere4st on your short though...now if company is liquidated and worth zero , who is going to pay you that R1.50???  


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#14 Polly

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Posted 06 December 2018 - 08:00 AM

A question. what happens to a cfd if the share is suspended?

Sent from my SM-G935F using Sharenet Sharechat mobile app

u get last traded price just before suspension....not zero

 

however when suspended , you wait till its all over...that is cant cash in untill finalized...iso if u short and share suspended and u still in , you may get nothing too...


Edited by Polly, 06 December 2018 - 08:02 AM.

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#15 leo

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Posted 06 December 2018 - 07:56 AM

A question. what happens to a cfd if the share is suspended?

Sent from my SM-G935F using Sharenet Sharechat mobile app
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#16 Polly

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Posted 06 December 2018 - 07:38 AM

another bearish day today...wonder how MTN will react re iran


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#17 Polly

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Posted 06 December 2018 - 07:38 AM

Hi Polly,

 

Shouldnt DAW should put out a sens if the 120 day off the market deal is happening at 1c?

 

Larry hi, I bought mondi, bti, shoprite and keep trying richemont in last days. I think prices are good and with no us trading today they stayed low to close of business.

DAW already put out a sens last week...


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#18 leo

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Posted 06 December 2018 - 07:23 AM

🐻🐻🐻
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#19 Midas1

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Posted 05 December 2018 - 05:46 PM

Hi Polly,

 

Shouldnt DAW should put out a sens if the 120 day off the market deal is happening at 1c?

 

Larry hi, I bought mondi, bti, shoprite and keep trying richemont in last days. I think prices are good and with no us trading today they stayed low to close of business.


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#20 LarryK

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Posted 05 December 2018 - 04:56 PM

Thanks Polly, saw the message.
Which 4 would you go for now to buy and hold? Still the same?
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