274 replies to this topic

[andi222]

Mmmh no trading statement issued. Either they missed it or the results will be +-20% of last years results. Today is the last day they can report :/ Wonder why there was no news at all so far. 

[andi222]

Wonder when the trading statement will be released. I mean they have 5 days to report. . . 

[andi222]

Yeah will be interesting at what price the offer will be. Remember other shareholders need to approve the deal so price per share needs to be way above current price for shareholders to accept the deal.
Shareholders paid around 2 rand at IPO. Since then they did an acquisition spree where they issued shares to pay for the businesses. They issued those shares at 25 cents. So my guess is that the offer will be between this 25 and 200 cents.

Taking into consideration their latest EBITDA 6 million dollars. One could say the assets of the company can be valued as follows: 6 000 000 × 14 (exchange rate) x 13 (ebitda multiple due to high growth potential) = around 1 billion. There are 800 million shares in issue. This would give u a range of around 1 rand.

That's just my opinion where I see the value of the company at the moment.

Shareholders need to approve the deal and I think a price of 1 rand would be reasonable and shareholders should not approve less.

What do you guys think?

Sent from my SM-G973F using Sharenet Sharechat mobile app

[ESS]

First time I've witnessed a share go up on a cautionary announcement

4k industrial revolution...thats the way things are going... Why not then

Was thinking the same re 4k revolution. Been watching this share purely because it is the first share to appear on FNB app. The trick would have been to pick the bottom. Thanks to Andi I dipped my toes at 21c some time ago. Now I know I sound like a con....but who cares. Went down to 16c and but it looks for a return due to happenings behind the sences.

[Lionelza1]

First time I've witnessed a share go up on a cautionary announcement

4k industrial revolution...thats the way things are going... Why not then

[andi222]

Next week half year results are due. Will be interesting how they performed.

[andi222]

I hope this offer will come in at a good premium. This company has a good base to grow huge in near future. NAV is around 700 Million. Current Market Cap is around 120 Million. 

 

Given the growth in the past of the company and an EBITDA of 6,4 Million Dollar excl. once off items. a EBITDA multiple of between 10-15 is reasonable.

 

This would give a value of around 6,4*15*10= 768 Million to 1,2 Billion. Which would mean 1-1,5 Rand per share.

 

[andi222]

4SI : Cautionary Announcement:
4SIGHT HOLDINGS LIMITED
(Incorporated in the Republic of Mauritius)
(Registration number: 48335 C1/GBL)
("4Sight" or "the Company")
ISIN Code: MU0557S00001 JSE Code: 4SI

CAUTIONARY ANNOUNCEMENT

The Company has received a credible, non-binding Expression of Interest, with a request for
exclusivity, for the acquisition of all the shares in 4Sight. The board has resolved to grant the
exclusivity and further announcements will be made as required.

Accordingly, shareholders are advised to exercise caution when dealing in the Company's
securities until a further announcement is made.

Mauritius
19 September 2019


Designated Advisor
Arbor Capital Sponsors Proprietary Limited

Date: 19/09/2019 10:10:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

[andi222]

Does anyone hold shares here?

 

Companies worldwide have increased their spend on this. Will be interesting where this will go. For me this company has great potential. 

 

https://www.ariacybe...ding-2019-blog/

[andi222]

Starting Momentum. Will be interesting where this will go. Definitely one to watch

[andi222]

A nice video giving you some insight into the people at 4Sight and what products they offer. 

 

https://www.youtube....h?v=RSFVA3axmPU

 

 

[andi222]

4SIGHT HOLDINGS LIMITED - Issue of shares for profit warranties   4SI 201905280075A
Issue of shares for profit warranties

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


ISSUE OF SHARES FOR PROFIT WARRANTIES


Shareholders are referred to the announcements issued on 5, 17 and 25 April 2018
respectively wherein the Company entered into Sale of Shares and Sale Claims Agreements
("the Agreement") for the purchase of AccTech Systems Proprietary Limited ("AccTech"),
Dynamics Africa Proprietary Limited ("Dynamics") and Simulation Engineering Technologies
Proprietary Limited ("SET"), which acquisitions included profit warranties.

Shareholders are also referred to the results announcement, which was published on SENS
on 29 March 2019, where it was advised that the profit warranties had been achieved.

AccTech and Dynamics
The auditor had confirmed that the Net Profit After Tax achievement ("NPAT") was within
the 10% range of R25 920 000. Accordingly, the Company has approved the issue of
203 998 368 shares to the former shareholders of AccTech and Dynamics calculated on the
purchase price of R50 000 000 divided by 24.51 cents.

SET
The auditor has confirmed that the NPAT achieved of R9 238 327 was in accordance with
the terms of the SET acquisition agreement. Accordingly, the Company has issued
89 817 063 shares to the former shareholders of SET at 28.80 cents being a purchase
consideration of R25.87 million.

Mauritius
28 May 2019

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

Date: 28/05/2019 05:39:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

I see why the price was pushed down. These okes wanted to get more shares haha. Clever, however now that tis has been solved. I think we will see a nice jump the coming weeks. Personal view only and no recommendation.  

[andi222]

Looking good, little recovery underway. Let's hope it keeps the momentum. 

[andi222]

In my own opinion this might be the next ten bagger. Strong revenue growth and very strong strategic plan. I think they will show a good profit for half year results. The last HEPS was at 16 cents. I'm expecting the same or a bit higher one for 2019. 

[andi222]

Company ridiculously undervalued. No large debt balances, good profits and they have a cash balance of 7 cents per share. Tangible value lies at 70 cents. NAV of 132 cents. 

 

 

[andi222]

Wonder if it will recover to 30 or 50 cents again. Looks like it formed a bottom now. 

 

Nice over 20 cents again, can't understand who has dumped all their shares. Le'ts see if we can keep the momentum going. Then we might see 30 cents by end of next week.

[andi222]

Wonder if it will recover to 30 or 50 cents again. Looks like it formed a bottom now. 

[andi222]

Nope, business and politics is like oil and water - just don't mix well.  Competency regardless of colour drive markets, seems in SA we just cannot shift that into 2nd gear and you can accelerate only that much in first. Imho.

 

Yeah true, but what I don't understand is that after results which were really good, the share went to 50 cents. Just a few weeks later the share now has dropped to 13 cents. No negative article was issued nor any SENS. That's why I cannot understand this sudden drop. Either someone knows something or someone is just offloading shares. 

 

What is interesting is that IPO was at 2 Rand just 2 years ago. In Between they issued new shares for 1.4 rand to get the new business. Since then revenue, cash flow etc all increased. However shares price is at 13 cents???

 

In my own opinion, they are trying to get the BEE deal done as cheap as possible. This would make sense as they would get their BEE shareholding up and get all the government contracts etc. However I don't know how much further they want to press the price down. Only time will tell haha.

[JK001]

Geez someone is pushing the price down. Wonder who it is? Last 6 trading days volumes where extremely high. Maybe price is pushed down to get the BEE deal done as cheap as possible for the company?

Nope, business and politics is like oil and water - just don't mix well.  Competency regardless of colour drive markets, seems in SA we just cannot shift that into 2nd gear and you can accelerate only that much in first. Imho.

[andi222]

Geez someone is pushing the price down. Wonder who it is? Last 6 trading days volumes where extremely high. Maybe price is pushed down to get the BEE deal done as cheap as possible for the company?