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4 Sight (4SI)


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#1 andi222

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Posted 03 June 2020 - 10:07 AM

Interesting to note that directors have bought quite a lot of shares. In total the following shares where purchased from directors in the last month:

 

Johann Nel: Total shares bought 2 925 000 @ 0.26 cents per share

Andrew Murgatroyed: Total shares bought 202613 @ 0.25 cents per shares

 

Its a good sign that these directors have bought some shares. 

 

Also the COVID19 app that 4Sight has launched is another sign how fast 4Sight can adapt to any situation.

 

 


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#2 andi222

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Posted 21 May 2020 - 03:54 PM

Lol period for the warrants ended yesterday and surprise surprise looking at today's order book all those big chunks of shares for sale to keep the price down from 25 to 30 are gone.

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#3 andi222

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Posted 07 May 2020 - 10:32 AM

I did some calcs on the shareholding with the following options: 

 

1) Current shareholding: 791 Million shares in issue - Public owned 23% 

 

2) Total shares issued after warrants (assuming issued at 25 cents): 991 Million - Public owned 18%

 

3) Total shares issued after Digitata deal and warrants: 700 Million - Public owned 26%

 

So at the end we as shareholders do benefit out of this deal. Also that other directors are buying shares is a good sign at the moment. 

 

Yes Swanepoel, Botha and Tzitzke will be the major shareholders however non of them will hold more than 30% individually after the deal. 


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#4 Blackobar

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Posted 04 May 2020 - 01:24 AM

Management is keeping that price at exactly 26 cents. Can't believe that this is legal what they are doing. See daily management purchases.

Management is buying all shares below 27 cents and they are ensuring that no one goes above the 27 cents by placing ridiculously high numbers of shares to be sold. Look at the range around 27 and 30 cents.

I will monitor it closely when the warranties period is over if those shares to be sold just disappear.


After you posted this, I went out & checked it. They are definitely holding that Sp at that position, it's on consistent maintenance. I believe these are the new guys entrusted with the duty of turning the ship around? They seem corrupt to me.
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#5 andi222

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Posted 29 April 2020 - 09:54 AM

Management is keeping that price at exactly 26 cents. Can't believe that this is legal what they are doing. See daily management purchases.

 

Management is buying all shares below 27 cents and they are ensuring that no one goes above the 27 cents by placing ridiculously high numbers of shares to be sold. Look at the range around 27 and 30 cents.

 

I will monitor it closely when the warranties period is over if those shares to be sold just disappear. 


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#6 andi222

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Posted 15 April 2020 - 03:17 PM

Another directors dealings yesterday.

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#7 andi222

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Posted 14 April 2020 - 04:30 PM

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


DEALING IN SECURITIES BY A DIRECTOR OF THE COMPANY


The following information is disclosed with regard to dealing in securities by a director of the Company:

Name of director: Johan Nel
Transaction date: 9 April 2020
Class of securities: Ordinary shares
Number of securities: 1 077 595
Highest traded price for the day: ZAR 0.27
Weighted average price per security: ZAR 0.26011
Lowest traded price for the day: ZAR 0.22
Total value: R280 297.25
Nature of transaction: On-market purchase of ordinary shares
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes

14 April 2020


Designated advisor
Java capital


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#8 andi222

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Posted 10 April 2020 - 02:24 PM

Thanks for the heads up. Can you please provide details of the warrants. I had a quick look at their SENS but found nothing for 2020.

 

So 4Sight still has around 4 Million Dollar of deferred vendor liabilities. The profit warranties have been achieved so they will get settled by issue of shares. The issue price will be the 30 day weighted average before auditors give approval. So I think this will be April. Currently the 30 day average sits at around 25 cents. So I think that at the end of this month or next month another 280 000 000 shares will be issued. 

 

What does that mean for us: (After disposal of Digitata)

- Equity will be increased by 4 Mil. So total Equity will be at 25 Million. New issued share capital will be around 780 Mil shares. So NAV per share of 0.032. 58 cents.

- Tangible NAV will increase from 0.004 to 0.008. So tangible NAV will be 14 cents

 

Why I'm still invested:

- New management will be the largest shareholder so they have a personal interest to drive up the price. They are really competent.

- Basically no debt and a strong balance sheet with high levels of cash

- Strong cash flow generation.

- The remaining business generate an EBITDA of around 5 Million Dollar. Which value the company at around 40 and 50 Million Dollar. Or between 700 and 900 Million rand. 

- Strong growth opportunity going forward and they got rid of all subsidiary which stopped a clean audit opinion.

 

So overall I still see great potential and finally they do not have stones in the way that hinder the growth.

Again this is only my personal opinion and no advice to buy or sell any shares. 


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#9 Shi

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Posted 10 April 2020 - 12:19 PM

They can't allow it to close the day below 20 for a few days. I think they are looking for an average price of around 25 to close the warrants. Which would be ok for me. Then basically all liabilities are gone and we are good to start a fresh chapter. 

 

Just give it a few more months. If u want to exit there is a bid currently at 25 for 1.6 Million shares lol

 

Thanks for the heads up. Can you please provide details of the warrants. I had a quick look at their SENS but found nothing for 2020.


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#10 Lionelza1

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Posted 09 April 2020 - 05:52 PM

Yeah I'm doing the same. I still feel this share is way undervalued. I'm using Investec in SA for the JSE and ING for shares in the rest of the world haha.


OK cool thanks... Will look into those options
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#11 andi222

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Posted 09 April 2020 - 04:11 PM

Hhmm so I guess I shud sit tight lol... What platform r u using? Fnb sucks

 

Yeah I'm doing the same. I still feel this share is way undervalued. I'm using Investec in SA for the JSE and ING for shares in the rest of the world haha.


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#12 Lionelza1

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Posted 09 April 2020 - 03:44 PM

They can't allow it to close the day below 20 for a few days. I think they are looking for an average price of around 25 to close the warrants. Which would be ok for me. Then basically all liabilities are gone and we are good to start a fresh chapter.

Just give it a few more months. If u want to exit there is a bid currently at 25 for 1.6 Million shares lol


Hhmm so I guess I shud sit tight lol... What platform r u using? Fnb sucks
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#13 andi222

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Posted 09 April 2020 - 03:27 PM

Let's hope it doesn't go too far below 20c....volumes have been boring past couple weeks

 

They can't allow it to close the day below 20 for a few days. I think they are looking for an average price of around 25 to close the warrants. Which would be ok for me. Then basically all liabilities are gone and we are good to start a fresh chapter. 

 

Just give it a few more months. If u want to exit there is a bid currently at 25 for 1.6 Million shares lol


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#14 Lionelza1

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Posted 09 April 2020 - 03:19 PM

They are currently in the warranty period. 1 Month. This means that someone is trying to keep the share price as low as possible. Look at the huge volumes around 26 and 31 cents.

These guys also need to ensure that the share price does not drop to far below 20 cents because then a mandatory offer would need to be made to acquire all shares and the warrants would lapse.

I cannot believe that this kind of market manipulation is not followed by the regulators.


Let's hope it doesn't go too far below 20c....volumes have been boring past couple weeks
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#15 andi222

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Posted 09 April 2020 - 03:07 PM

They are currently in the warranty period. 1 Month. This means that someone is trying to keep the share price as low as possible. Look at the huge volumes around 26 and 31 cents. 

 

These guys also need to ensure that the share price does not drop to far below 20 cents because then a mandatory offer would need to be made to acquire all shares and the warrants would lapse. 

 

I cannot believe that this kind of market manipulation is not followed by the regulators.

 

 


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#16 Lionelza1

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Posted 09 April 2020 - 02:58 PM

https://www.sharenet...eq=28&scode=4SI

A director buying 20k shares? He missed a couple more zeros?
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#17 Lionelza1

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Posted 08 April 2020 - 08:30 AM

Some really good news was announced today:

They are getting rid of the loss making division Digitata (Telco sector) and they are reducing the number of shares by 37%.

The impact on equity is 3.5 Million dollar. Driving the NAV to 0.041 US Dollar or 74 cents.

Also earnings per share without Digitata will be 0.029 US Dollar or 5 rand cents per share.

Hopefully market will react positivly. Let's see


Would be nice if this draws market attention
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#18 andi222

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Posted 07 April 2020 - 08:07 PM

Some really good news was announced today:

 

They are getting rid of the loss making division Digitata (Telco sector) and they are reducing the number of shares by 37%.

 

The impact on equity is 3.5 Million dollar. Driving the NAV to 0.041 US Dollar or 74 cents. 

 

Also earnings per share without Digitata will be 0.029 US Dollar or 5 rand cents per share. 

 

Hopefully market will react positivly. Let's see

 


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#19 andi222

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Posted 01 April 2020 - 01:45 PM

https://www.itweb.co...5alrvQay4bvpYQk

 

Good article regarding 4Sight Holdings. Watch this share in the following years to come.


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#20 andi222

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Posted 01 April 2020 - 11:41 AM

@andi22 ... thanks for the details. Things are looking positive.  :D

 

As for the cautionary, are we right to assume that it is an offer to acquire 4SI, as oppose to another acquisition (given the current economic conditions, there are some bargains out there).

 

Hi Shi, I do not have any info on the cautionary at the moment. So it could be a take over or an acquisition or even a disposal. We will have to wait for further information regarding this. 

 

I just know last year AdaptIT was looking at a take over. But then all the board room drama etc started. So maybe they are looking at it again. I mean 4Sight currently is a nice candidate for a takeover. No material debt, high cash levels and high cash generating subsidiaries. And currently 4Sight has 9 cents cash per share. 

 

But again thats all just speculation, we will have to wait and see what happens. They need to provide more information within a month. So until end of April we should know more.


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