178 replies to this topic

[David-89]

Patience. You can hold this share in the long term. Management knows what they doing and I expect constant but small gains. This won’t be a roller coaster ride of emotions.

[Sleepwa123]

Frustrating that the reduction is share capital and positive results have not resulted in a material shift upwards here.

The Simply Wall Street valuation is waaaaaaayyyy higher still and has actually increased to R3.81.

[andi222]

Nice, transaction fully approved and shares repurchased. Long term investment in my opinion. 

 

"4SIGHT HOLDINGS LIMITED
(Incorporated in the Republic of Mauritius)
(Registration number: C148335 C1/GBL)
JSE share code: 4SI ISIN: MU0557S00001
(“4Sight” or “the Company” or “the Group”)


COMPLETION OF THE DISPOSAL OF DIGITATA LIMITED


Shareholders are referred to the announcements released on 7 April 2020 and 22 September 2020 respectively, and to
the circular issued to shareholders dated 21 August 2020 (the "circular") relating to the proposed disposal of Digitata
Limited. Unless otherwise defined, words defined in the circular bear the same meaning in this announcement.

4Sight wishes to inform shareholders that all conditions precedent to the proposed transaction have been met and that
the disposal of Digitata has been completed. 4Sight also confirms that the repurchase shares were repurchased and
cancelled with effect from Friday, 2 October 2020. As such, the Company, has reduced its total number of ordinary
shares in issue from 950 406 087 shares to 659 856 529 shares, representing a reduction of 30.6%."
 

[andi222]

Good presentation of what 4Sight is doing:

 

https://www.4sightho...0-quarter-3.pdf

 

Topping up shares as we go along. Plan is to become a JSE listed entity in the near future. 

[Lionelza1]

Its already happening. A few month ago we where sitting at around 18 to 20 cents. Currently we are at 39. That's close to 100% gain in just a few months. And I think the momentum will keep on going.

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Yea.... The market trend looks promising.. On the up, volumes being traded a bit on the low side...overall it's looking pretty good

[andi222]

Its already happening. A few month ago we where sitting at around 18 to 20 cents. Currently we are at 39. That's close to 100% gain in just a few months. And I think the momentum will keep on going.

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[Lionelza1]

Deal approved today!

From 29 September 290 Million shares will be cancelled. Which will reduce the total shares in issue. Always a good sign. Also there are no more warrants which can cause a dilution in future. R1 here we come

So things should start happening right Andi

[andi222]

Deal approved today! 

 

From 29 September 290 Million shares will be cancelled. Which will reduce the total shares in issue. Always a good sign. Also there are no more warrants which can cause a dilution in future. R1 here we come

[andi222]

Directors are continuing to buy shares. It will continue to grow

[andi222]

Yes agreed David, I'm also picking up shares as we go. I also see great potential here with the new management. 

Also I'm expecting a sharp increase in the share price once the deal is final on 22 September. Also on 29 September the 290 Million shares will be canceled. I think after that directors will buy more shares as they have done previously.

[David-89]

Getting in here as much as I can. It’s a pity the shares are so thinly traded which makes getting volume hard. This is a long term investment. Management is headed in the right direction here.

[andi222]

https://www.business...m-new-strategy/

 

Good news flowing in now from all direction. Share supply will dry up soon and soon the issued shares will be reduced by 290 Million shares. 

 

Simply Wallstreet has a fair value of 2.71 Rands. We are currently at 33 cents. 

Heres the analysis: https://simplywall.s...intrinsic-value

[andi222]

It will come, just give it some time. All problem areas have been solved. Some people are just realizing their profits. I doubt tho we will see prizes below 30 cents going forward.

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[Lionelza1]

Good spike in the price this morning.

Market is chowing all the gains, why they not being patient for the R1

[Lionelza1]

Decent volumes trading already compared to historical data.

[Sleepwa123]

Good spike in the price this morning.

[andi222]

Geez Simply Wallstreet recons the current shareprice is undervalued by 88% !!!!!
Guys they say a share price of 2.71 is reasonable.
Here is the link and analysis:
https://simplywall.s...holdings-shares

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[Lionelza1]

Also they will generate an EBIT between 3 and 4 Million dollar without Digitata.

That would value the firm at around 900 Million to 1 Bullion rands. Given the reduced number of shares after the transactio I see a resanble share price at around 1.5 rands now per share.

They have huge growth potential, basically no debt, no more warranties and great cash generating units. Just look at the cash generated in operation in the half year results.

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Hi Andi,

 

Thanks for the info. yes i have picked up on their debt reduction and the cash generated units. it does look good.

 

Suprisingly the volumes traded are low.

 

the market trend does look good tho, on the up!

[andi222]

Also they will generate an EBIT between 3 and 4 Million dollar without Digitata.

That would value the firm at around 900 Million to 1 Bullion rands. Given the reduced number of shares after the transactio I see a resanble share price at around 1.5 rands now per share.

They have huge growth potential, basically no debt, no more warranties and great cash generating units. Just look at the cash generated in operation in the half year results.

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[andi222]

Hi Lionel,

So basically what happens is the company is selling the Digitata unit for 92 Million rands.

This purchase consideration is then used by 4Sight to buy back its own shares. 292 Million shares. This is exceptional for shareholders because the 4Sight share price is very low and undervalued.

Those 292 Million shares will then be cancelled on that date and the share capital will be reduced by around 33%.

Less shares in the market. That's always good for a share.

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