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#221 andi222

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Posted 07 November 2019 - 06:36 PM

Interview by the new CEO. Super excited about the new board. Hopefully they can drive the company forward to its full potential. 

 

https://www.cnbcafri...ey-to-recovery/


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#222 andi222

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Posted 07 November 2019 - 02:54 PM

Another good article:

 

https://www.itweb.co...zQenvj8xYLMZd2r

 

Will be interesting to see how half year results are gonna look like.


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#223 andi222

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Posted 07 November 2019 - 10:13 AM

So Meeting was held and new board was appointed.

 

Already good news flowing in from the new board:

 

https://techcentral....spension/93873/


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#224 andi222

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Posted 06 November 2019 - 10:36 PM

Weird they haven't announced anything regarding meeting today. Was everything approved??

They must submit a SENS for this.

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#225 andi222

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Posted 01 November 2019 - 10:01 AM

Yeah new management is trying to fix the troubles from old management.

They released a statement that interim financials will be published before end of Novemeber.

Then suspension will be lifted. So no need to worry if u are long.

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#226 nosh

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Posted 01 November 2019 - 09:57 AM

SUSPENSION OF LISTING


The JSE wishes to advise that the above mentioned company has failed to comply with the JSE's Listings
Requirements by not submitting its interim financial statements within the three-month period stipulated
in the Listings Requirements. Accordingly, the listing of this company's securities has been suspended with
immediate effect.

 

 

 


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#227 andi222

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Posted 31 October 2019 - 01:01 PM

I think we have come to the turning point. From now on I think the share price will rise.

 

https://www.iol.co.z...-board-36339781

 

Strong cash generating subsidiary's, good cash flow, low level of debt is the key to make this company successful. 

 

Board issue have now been solved and the Visulatics issue will also hopefully be resolved in the interim results. 


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#228 andi222

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Posted 30 October 2019 - 08:21 AM

Finally they have announced the new board.

Can't believe the old board was there for so long. They nearly destroyed the company

Latest Sens is out with good detail.

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#229 andi222

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Posted 18 October 2019 - 04:26 PM

Yes 11 November. The new directors actually want to sue the old ones for the delay 😅

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#230 SB45

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Posted 18 October 2019 - 01:33 PM

Is there a new date for date set for the meeting ?
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#231 andi222

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Posted 18 October 2019 - 11:00 AM

Yes it is really concerning. And actually sad that directors these days can't just fix their issues. I mean this company has great potential but if directors dont do what they are paid for they can destroy any company. There need to be stricter rules for negligence like this.

Let's see how the new egm will go. Hopefully we will get some directors in who can solve the issues and not raise more of them.

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#232 SB45

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Posted 17 October 2019 - 11:02 PM

Thanks for the link Andi, quite concerning though for me is that governance topics keeps poping up. Many examples in recent history of what happens to shareholder value when governance is breached.
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#233 andi222

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Posted 17 October 2019 - 08:17 AM

https://techcentral....ht-drama/93315/

Good article. Sums up the story. Directors need to sort out their issues.

Interesting tho Adapt IT is the party who wants to buy all shares. Very positive

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#234 andi222

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Posted 11 October 2019 - 05:55 PM

So meeting got postponed. Like wtf? They didn't have enough info to vote on??

Strange thing but most interesting tho is that ACC director announced a 40 Million Net profit for just one subsidiary. That's just crazy to say the least.

Yes that means 250 Million more shares will be issued due to warranties but with a profit like that it was a bargain.



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#235 andi222

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Posted 11 October 2019 - 10:57 AM

So today new board will be voted. Hopefully all resolutions will pass. As soon as that is done I think the new board can sign the interim financials and they can be released.

I think that's the reason for the hold up.

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#236 andi222

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Posted 09 October 2019 - 08:17 PM

He wanted to resign anyways so for me no big concern.

They have some really good directors lined up to replace current board. Will be interesting if the resolutions get passed. I think as soon as the new board is in place thing can be sorted out. The new directors know exactly what's happening in the subsidiary's so think they will be able to direct the company going forward.

However concerning for me is that they haven't released financials yet. They need to issue these asap otherwise we will face a suspension end of the month.

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#237 SB45

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Posted 09 October 2019 - 07:54 PM

When it rains it pours, well bad news for shareholders as this spells big trouble in the company...it seems JSE companies cannot be trusted....surprises to the shareholder detriment are a never ending thing these days.

https://www.business...ting-on-friday/
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#238 andi222

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Posted 08 October 2019 - 08:43 PM

Yeah agreed, just hoping they can get the interim financials out soon. I mean they have till end of October. But how hard can it be to prepare half year financials. I mean they dont even need to be audited.

At least they have some proper directors lined up to take over the board.

They just need to sort out their governance issues. Once that is done it will hopefully start rising. They have some really strong subsidiary's.

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#239 SB45

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Posted 08 October 2019 - 06:31 PM

Really concerning indeed Andi, I guess the offer also will be entertained after the board changes as well.
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#240 andi222

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Posted 08 October 2019 - 11:28 AM

Mh looks like this board change needs to be approved before financials come out. The comments made by the audit chair don't sound good. But at least its directed to a subsidiary.

Hope the new board will sort out the internal issues they have.

I'm concerned tho that no numbers for half year have been released yet.

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