I took some JASCO at 90c. The comment made by management that they are seeking to sell MTECH will be the catalyst to rerate the stock. But it must be one of the biggest dogs on the market, having peaked at R10 in 1998. Management should be shot. I just wonder whats their incentive to stay listed?
thanks for the reply ST I see they have valued that unit at R119 mil which is just less than their market cap. Seems as if a lot is resting on whether they can sell it. I think I will stay out until more news comes out in that regard.
Talking about dogs, I bought some GIJ at 130/135c. Short-term trade only. It is the equivalent of 6.5c in the old pre-consolidated shares so I will look for about 150/160c (8cps) which was the price last Friday. No one else seems to be buying though and volume is very thin. Let's see where this goes...
Edited by yusufm1, 21 January 2015 - 05:08 PM.