Lionel why do you want to add to the MPS??
Did you ever make money trading this?
Whats is the low im expecting i posted on my chart last week???
You not following mate....
1.Everything positive for this share is/was priced in......in that R2.10 it was before the 2017 afs was released.. actual value of share is zero...Mr market being generous as he prices in certain things die to happen
2. No audit opinion.........smacked
3. Now luv blah blah agreement...priced in as agreement will be singed...in other words would rally if signed...but if not agreed, smacking time again.
4. Audited 2018afs....priced in again as all were be released on time with clean audit opinion... IF met priced in..IF not smacked again towards 0
This share got nothing, absolutely nothing going for it to warrant being invested....forget adding which you want to do..
Dont fall for the con on other thread about restructuring blah blah...whatever restructuring being done is done with sole purpose to keep the company surviving/alive from cash flow point of view and not to improve future income/profit stream. The company is int he hands of its creditors...and now the claimants joining in...Besides pepkor all other divisions will be loss making.,,and we know who has the true rights over PEP and Tekkie...
MR Market is speaking....Share will continue to go south ..No more band aid is going save this fake Thoroughbred.. matter fo time.. I give it 8 months as of today....
So if i were in your position , i will either sit with existing position and hope for best ( ie not add and wrote of my investment to zero now)) or sell at a loss and use capital elsewhere where shares over better value than this MPS!!!
But to add now will be suicidal...keep your money in your pocket mate right next to your balls...safer..
Edited by Polly, Yesterday, 02:58 PM.